Quote from: bettercrypto on May 25, 2024, 10:40:06 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.

It is also true that the majority of traders in the cryptocurrency field are still not profitable because there are others who only know a little about trading but think that is enough for them to get a large income from trading.

Because they don't think that there are tool indicators that they should somehow use, not all at least know how to use 2 or 3 indicators that they have a basis to use every time they do technical or fundamental analysis, you can't just know when to buy and sell.

There is a saying that little knowledge is terrible. There are three levels of education. At the first level a person thinks that he knows a lot and as a result he becomes arrogant. And we know pride is the root of downfall. The same is the case with trading if someone thinks that we know a lot about trading and we will definitely return from here with profit then our psychology will lead us wrong path. For that falling in trading definitely will come. But if we gain some it is purely a matter of luck.