Trading is the hardest way to make easy money

in #hive-1679227 months ago

People after joining the crypto market think that trading is an easy task to earn easy money. In reality trading is the hardest way to make easy money. Trading is only easy for the people who learn about trading and get enough knowledge.

I dont know why people think wrong about crypto trading and adopt wrong imagination about it. I have a 7 years of experience in crypto market but still I am not able to earn from trading.

I have tried multiple times to trade but my loss percentage is more. However, I have good experience in this field and also know much about trading rules but still I am not in a position to make good trades.

The reason is that it is the vast field which needs many years to learn crypto trading. To know about market complexity and to understand the crypto trend move.

In this field you must learn to control your emotions because this is one of the main thing to consider while trading. Risk management is another factor where you must to learn how to manage your risk.

You need to learn continuously from time to time. you need to continuously update your knowledge, strategies, and skills to adapt to new market conditions. Another thing to keep in mind that trading is not always guaranteed to give good return because there is not always win position despite you have enough knowledge and learning.

We all must know that trading is not an easy thing to do because it contains lot of complexity. You have to know about different strategies, you must know about different indicators and how its combination works to give you successful trades.

Emotions are the most dangerous thing while trading because it can lead you to a great loss. Many times when you do trade emotions get involved such as when you see price pumping you do wrong decision and in other case being emotional you sell quickly without any reason. Also many emotional factors are involved which you must learn when and how to use.

The Real Challenges of Crypto Trading

Risk management is the main factor in the crypto industry. Suppose you have open many trades and many of your trades are going in loss. you must know how to manage your risk and to come out from losses.

If you able to do so then you will at-least cut your losses and ends with break even. Therefore, risk management is another topic which you must study about it and learn different tactics.

We are hearing from very beginning that crypto is a vast field which needs your continuous learning. This learning process can be time-consuming and demanding, requiring ongoing dedication and a commitment to staying informed.

In the end keep in mind that trading is not guaranteed to give you profit every time. Sometimes you have correct analysis and your judgement is perfect but still you book loss. The reason is because the market is unpredictable.

What do you people think about trading, Is it easy to do so? do you think Crypto traders need to continuously update their knowledge, strategies, and skills? Will be glad to see your answers in the comment below.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

 NOTE: IMAGES ARE TAKEN FROM CANVA. 

Thank You!
Best Wishes.

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Trading is not easy without strategy or experience. You have described a beautiful subject beautifully.

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