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.
This is the actually truth that is being hidden away from the newbies. Some times I wonder how quick many newbies want to make fast money from trading especially when they do not have sufficient skill to back them up to get to the level of making the kind of profits they have been fantasizing. Greed could always comes in any time especially when we are not conscious enough to take the appropriate risk management that is good for the amount we are using to trade. Different amount for trading has different level of risk to be taken.
A very normal act and a very normal reaction that you would really be making on which on the moment that you've seen someone do make out some big money on a particular trade then you would be having that kind of impression that you could actually do that. You would be thinking that, if they do able to do it, when why can't I? On the moment that you would really be trying out to mimic someone on which you are already expecting for yourself to be able to get that kind of method then this is where shit things do really happen is on the moment that you would really be making yourself fantasizing that you could be able to do such thing on the exact numbers but on the moment that reality would slap into your face then this where you would really be having that kind of realization that it would really be not something that too easy to deal up with trading, or able to deal up with a volatile market.
Profitability will really be always getting in line on how well you do make up trades and on how well you do make up decisions. It would really be always reflecting out on how good you are plus a little bit mix of luck on which this cant really be denied. There are actually those people who are really that delusional specially if its their first time to see someone who do make out such numbers.
We do love on earning money but sometimes due to lack of knowledge and awareness on things. We would really be tending to copy out into those individuals who are really that
making money but without knowing on what are their bitter sweet experiences on dealing up with crypto space on which i could say that it was never been that easy.