Post
Topic
Board Trading Discussion
Re: Before Trading Bitcoin you should...
by
Woodie
on 08/06/2024, 09:24:46 UTC
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that  bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.
The thing about trading is that it's not restricted  the type of trading of being behind a screen most of the time and analysing some charts which requires the skill and strategy to be profitable.
Fortunately for us we have other trading types which are less risky like p2p trading which requires dedication and time to be profitable...so I don't believe in this notion of trading can wreck you if you choose what works best for you.



Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.
Emotions will always be there regardless of source of income, the best approach to managing emotions is to trade with a strategy plus apply proper risk management so that you know that your trade failed for not following your rules or news happened.