If someone thinks trading is a quick money making scheme, he or she may find it difficult to make money because they enter the market without sufficient knowledge about trading. Trading is not only about having money and courage, but also requires sufficient knowledge and skills. Knowledge of risk management is necessary to learn because the crypto market is highly volatile, traders can avoid large losses and increase potential profits.
Once the basic foundations are mastered, traders can improve their skills and make better trading decisions, and develop strategies over time to develop more effective trading plans.
If you focus on skills, I believe they can only be achieved through two approaches: learning from experienced traders and frequently trading yourself after learning some key points from those experienced individuals. This will naturally hone your skills, allowing you to develop the courage to invest your capital in the market. Currently, market conditions are favorable, so some people may choose to take profits before a correction occurs. Therefore, mastering the basic foundations of trading is not easy for anyone, as every learning process always takes time to see clearer results.