Crypto Trading: Skill, Not Luck

[nomad]

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.

 

[ekta]

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.

 

[Stardom22]

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.

 

[riberet19]

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.

 

[eldavis]

Anyone that would think of relying on luck when it comes to crypto trading or even forex trading I'd simply setting up himself or herself for losses in the future.

 

[SHAHID987]

In cryptocurrency trading we need to work very hard as to listen all current news. Read the recent events and see the particular cryptocurrency's trend then after great research we must purchase any cryptocurrency.

 

[Suba]

I agree that crypto trading is not luck, but it really requires practice skills and experience, apart from that we also have to be able to not be greedy or want to make more profits.

 

[Fidelia]

Luck can only take you so far in crypto trading but can't sustain you to keep making wins in it. You need skill, quick thinking and strategy to succeed in crypto trading.

 

[Etini Willie]

Crypto taking is all about making the right decisions on placing a trade or not. It is more skill than luck.

 

[Passiveearner]

Cryptocurrency trading also requires skills and the ability to trade in the financial markets. This also involves understanding the market structure.

 

[Kera]

Crypto trading demands that you study and be very observant. If you understand how to interpret the charts, you would do well in trading crypto.

 

[Niyi Briggs]

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.

 

[Clandestine]

I would say that luck has a 10% stake on how crypto trading turns out and that percentage is even negligible.

 

[Rubz]

Well, i would say crypto trading involves a combination of luck and skill. Although, it is mainly skills needed for crypto trading, one also need a bit of luck to make profit.