Things to be careful about when trading cryptocurrencies

[The Game 2059]

On 10/19/2019 at 11:49 PM, chirinemannai said:

The most important thing to remember before you start trading is that there is a chance to completely lose your investment. Cryptocurrency markets are very volatile, and although some people have made a lot of money, many people have lost their money as well. You should never trade in any amount that you cannot lose. How you handle your losses will determine your success as a trader. Here are some important tips - never try to recover your losses by investing more. This is an emotional investment and often causes a lot of people to lose.

FUD:
A common term used in both the real world and the world of forex trading. This means fear, uncertainty and misinformation. “FUD” is when people or organizations try to get people not to invest in an asset by telling them they will lose all their money (or something similar). They usually say things like “it's a scam” or “it will crash”.

You should always do your research before jumping to any conclusions or decisions. Use Google to see if the information you hear is correct.

The FOMO:
Fear of missing something, or Fear of missing out, abbreviated as FoMO, is a general condition that motivates people to want to be in fear of missing an event they are not involved in.

It's one of the biggest (and most expensive) mistakes people make when trading cryptocurrencies.

You seem to be trading cryptocurrencies… and even though they are at their highest peak (all the time) you buy them anyway, hoping they will continue to rise. The so-called PUMP also sometimes, do, and at other times (most often)…. Fall free and you and your wallet also fall, pain !! Frustration !! Regret !!!.

Following these feelings will not work better for you to rely on a special strategy and good analysis.

Persuasion:
One of the things to consider before you start trading is that you should never be affected by the opinions of others. Remember that you are not the only person who wants to profit from cryptocurrency trading. Be wary of the YouTubers you are watching and listening to. They are often paid by currency projects to promote their digital currency.

This may increase the price in the short term but may end up falling in the long term. So, always do your research first. If you have read our guide so far, you should now understand well what cryptocurrency trading is, the difference between short-term and long-term trading, and things you need to be careful about. Guess what? It's time to learn how to trade cryptocurrencies!

Well explain and as a matter of fact it have all said it all because in these publication everything that governs trading is well explain in details and to the newbies who are still learning I think it will give them more motivation to do well in trading.

Edited April 2, 2021 by The Game
Typing error

[Alan Johns 258]

I strongly agree with You and you explained it really well and it is a very useful topic for all members and specially for newbies who need to be aware of these terms amd should be careful when they engaged in a trade.

[Adam Aurther 11]

Being careful full comes with vast knowledge and and experience will definitely succeed it is necessary to choose the coin to which investment are to schedule so this is necessary to be good and vast experience.

[Omar Ommeish 4872]

It is very important before you start trading that you define your path in trading, either as a speculator or an investor, and the difference is very large between them, because the speculator trades currencies in the short term. As for the investor, he depends on the long term to achieve greater profits.

[Chowdhury 2]

When the bull run starts I think the bull run is very close and we got a good profit on the bull runhelo friend .. I agree with you and I want to say that the founder of Bitcoin, when Satisfied put the code, Bitcoin needs a code first which is 21 million Set the maximum number of blocks. Each piece is configured, and every 10 minutes a new block arrives and when the number reaches 210,000 blocks, the value is halved, meaning the amount decreases every 4 years. This was a simple explanation. I hope everyone finds effective participation, research, screening and contributing to the promotion of this great forum.

[abohasnn9 2401]

Thank you, dear, for these valuable advice to beginners in the field of cryptocurrency trading in general, and you avoid some of the risks that we may reach when trading cryptocurrencies in particular.  You have in general, so my dear, you must take the correct knowledge. A modern encryption forum is sufficient to give you sufficient knowledge in trading cryptocurrencies. Therefore, dear, all you have to do is learn technical analysis and move on. Thank you very much.