Post
Topic
Board Trading Discussion
Re: Lack of capital or knowledge, which one is holding traders back from profits?
by
Questat
on 10/06/2024, 17:42:17 UTC
One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.
Having a sufficient amount of knowledge prior to investing is certainly a must. One who has not achieved it is not advised to invest, otherwise he will experience the worst in investing. However, having a good amount of capital is also crucial when investing, this is exactly the reason why those who have more knowledge about bitcoin haven’t still decide to invest for good knowing they don’t have a good amount of capital. As much as knowledge is highly vital, getting a good amount of capital is also crucial most especially if you want the best outcome for your investment.