Quote from: fullhdpixel on Today at 05:14:12 PM

Quote from: Farma on August 29, 2024, 08:25:21 AM

Before you decide to try profit through this risky system, you must first understand it well and try with a small capital in the learning process, then it will be very good for you to understand because when you fail, you can still survive and correct the mistakes you made and try again until you reach the target you want to achieve.
If you want to buy when it is down, of course it is good, but you must also first analyze whether the asset you want to buy still has potential in the future or even disappears and you will experience losses after buying it and it is also very important in investing or trading we must have funds for our own needs and do not invest all the funds we have, of course this will be very risky when we fail and do not have reserve funds for our own needs.

Right, I agree with you. Whenever a new trader enters the market, they first need to understand that the crypto market is not just about profits. Without thinking and learning, if you invest in a coin, you can lose all your money. Therefore, first, gather information about the coins, which one is more profitable, and how far it can go in the future. It is also very important to invest only the money that you have spare or don't need urgently.

Another crucial thing is that every trader should only invest the amount they can afford to lose because the market is not a guaranteed profit. If you're doing futures trading, a wrong trade can lose all your money, and if you're a spot trader, invest in coins that have previously given people profits and have a high potential to rise in the future.

I have seen new people entering the market and investing all their money in shit coins and meme coins based on hearsay and news, and later they blame the market and cryptocurrency. Therefore, it's better to understand the market well and learn before investing, because there's no harm in doing it late, but investing without learning and understanding will only cause losses and nothing else.

But as a noob then it wont be shocking that the primary reason on why you are diving into this space or market just because you are really that eager to make profits, and this is why you have decided or choses up to
deal up with crypto space just because you've seen someone is really that making some serious cash on here, without even trying out to realize or thinking that its not really easy as it looks to have those kind of gains.
You dont have the idea on how hard that someone to make themselves profitable specially on a very unpredictable and random marketplace. This is why its really always that relevant or significant that you should really be that too careful when it comes to financial risks management. Investing all or having that all in kind of mindset? You are really that making yourself that bound into such huge disaster. Cheesy