Quote from: Nanga Parbat on Today at 12:58:51 PM

Quote from: enwi on May 24, 2024, 11:24:37 PM

Quote from: Mate2237 on May 24, 2024, 09:24:51 PM

Quote from: Nanga Parbat on May 24, 2024, 05:22:59 PM

I think If we want to earn profit in trading then we have to correct our choosing factor also , one of which is the currency you choose. Sometimes we invest in a currency after seeing it go up quickly, and then soon it starts to lose. This loss is caused by our wrong choices. So we should always be careful in our selection and preferably invest in top 20 currencies. Investing in top 20 currencies reduces risks and keeps your investment safe. Investing in selected currencies with good research and accurate market information reduces your chances of loss. Avoid investing in haste without doing your research and market analysis and make top 20 currencies your first priority. This way you can get better results in trading and avoid losses. And can earn profit.

Exactly because many people are trading without them making any research on the platform and the areas they were not good that were making them to lose. They have to know the areas that they are not doing well in the trading process. And also they should not greedy in their trading because greediness makes many people to lose or not making any profit from their trading. And many traders do not understand chart so when the market is about to decline they would still be trading and immediately everything that they have gotten would just disappeared.

If you want to profit from trading you have to understand the candle sticks and the market chart 📈 📉 so that you will be full aware and understand what is happening in the market. Don't just rush to the market.

That's right, understanding candle sticks and several other components that can provide us with information to determine price movements will help us to determine the right time to buy or sell cryptocurrency. But the main component that we must have is patience and must not be easily influenced by the situation at the exchange. Sometimes when the price rises high many people want to enter and after entering the price falls very deeply. This is why it is important to keep your patience under control so that you are not easily affected by situations like this.

We can control patience only when we control our emotions. Emotional decisions in trading lead to losses, so people who cannot control their emotions while trading should use bot trading. Bot trading is a way to get rid of our emotions because bots are emotionless. This automated system analyzes market trends and makes decisions without any emotional intervention. Thus, bot trading helps us to be organized and careful. It improves our trading strategy and reduces the chances of loss.

Everyone talking about Emotion, if emotion was to be a Man, Traders would have killed him. In as much as I know bots still have high chance of losses and wether or not, you are still in charge of the bots of which if we say emotion there is still possibility of you doing whatever with it. It doesn't improve your strategy in anyway, except the one you programmed yourself to test the market with your edge.

We need to understand difference between Patience and Wasting of time when it comes to Trading, one can be wasting time in the name of patience. In essence develop your skill set, have an edge, build confidence and Mastery leave emotions and patience they are innocent. Accept the losses and move on.