A lot of people tend to have this wrong impression that you need luck when it comes to profit from crypto trading. Forget "lucky investments" in crypto, instead focus on meticulous research and calculated decisions. Market timing plays a crucial role, in other words investing in the right time determines your success, knowing the right time is based on your research. Invest only after careful analysis of the market, price history and demand and supply.
Crypto Trading: Skill, Not Luck
- Thread starter nomad
- Start date
Crypto trading is a skill, not luck. Successful traders conduct thorough research, analyze market trends, and employ strategic risk management. Technical and fundamental analysis, coupled with disciplined decision-making, are key components. Continuous learning and adaptability to market dynamics contribute to success. While luck may play a role in isolated instances, consistent profitability in crypto trading is predominantly a result of acquired skills, knowledge, and a disciplined approach.
l too think that when we come to the matters affecting the crypto currency trading, it really involves the best knowledgeable for the venture. This is because crypto trading is not like gambling that depends on the luck.
There is nothing like luck in trading, in trading everything is analysis and methodology and good risk and capital management, luck does not exist, if you want to try your luck better go to the casino, trading is a profession.
Crypto taking is all about making the right decisions on placing a trade or not. It is more skill than luck.
Cryptocurrency trading also requires skills and the ability to trade in the financial markets. This also involves understanding the market structure.
I don't believe that any form of trading is luck. You need to have psychological alertness to be able to gain from crypto trading.
I would say that luck has a 10% stake on how crypto trading turns out and that percentage is even negligible.
