It's strange that many people who invest in crypto markets expect to be good traders without any expertise or learning. People who come to get involved in crypto trading always complain that the market has no profit potential and will never be beneficial to their financial situation. These are the ones who join one day and then start accusing the next.
CRYPTO TRADER AND COMPARISON WITH OTHER PROFESSIONS
I have vast expertise and knowledge in the crypto market, and I recall that when I first joined Steemit in 2017, I also began trading and investing in various altcoins. I continue to book both profit and loss, but I never blame this market for being unprofitable. This is due to the fact that I have to give years to learning and understanding the market.
It's quite unfair that people spend half of their lives learning about different things to satisfy their needs, but in the crypto market, they expect to be a skilled trader in a few of months. It is never easy to make money from trading if you simply have a few months of experience or know nothing about it.
"I want to be a doctor." People spend 16 to 18 years learning till they reach specialization, and then they apply for employment qualifications, which are not guaranteed to get you a job. They work hard to learn several specialization courses in order to secure a decent career in the area. Similarly, in "I Want to Be a Pilot," they spend more than 18 years learning hours of flight time before they achieve their needs.
"I want to be an engineer," they spend years learning about engineering and working on projects. They work on practical projects that take months or weeks to complete, even if they are hired as a good engineer. There are other occupations in which people work for years to reach their goals.
But what about cryptocurrency trading? "I want to be a trader." No experience, no studying, no information, starting trading tomorrow and losing every time, always blaming the crypto market. This is a terrible injustice, and people should think about it. The purpose of the article is to raise awareness among crypto traders, particularly newcomers, and to point them in the right direction.
BECOMING A GOOD TRADER AND HIVE BLOGGER
Even after spending 6 years of my life in this field, I am still not a skilled trader. I still have a lot to learn and a lot of things are missing from my knowledge. This is, without a question, a wide field that needs an enormous amount of time in order to become a successful trader. People that join and expect to start earning money right away are mistaken, and it will not happen.
If you are not a good trader but are still making money from your trades, you are either a gambler or very lucky. However, gambling and luck will not help you in the future. To become a successful trader, it is preferable to study about Crypto trading, the Crypto market, Chart analysis, Indicators, News, and market trends.
Crypto trading appears to be a simple way to make money, but it is actually a risky industry that can drain all of your funds. We've heard many stories in the past about people losing their entire life's earnings in a matter of months or years, which is known as gambling. Gamblers have a bad track record when it comes to trading, and they are the ones who lose 80% of their money.
If you want to be a good trader, you must understand about the cryptocurrency market and the coin you wish to trade. If you do, you will begin to profit, and it should be noted that crypto trading is one of the greatest and easiest ways to generate money if you are skilled at it.
Keeping in mind that this also applies to hive.blog. New users join this platform in search of a consistent source of income. This requires your time, patience, and effort to get you on track and earning money. Spend time learning if you want to be a good trader, and spend time establishing friends, writing nice posts, sharing your expertise, and showing patience if you want to be a good #hivian. This is the only way to achieve success.
This is an attempt on my side to inform you about how to become a good trader and what points it is feasible to be a good trader. I hope you enjoy the post and that it is useful to new traders and members. If you like the post, please leave a review in the comments section to help the next one be even better. Thank you for sticking with me until the finish.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
