Bookwormlux
Valued Contributor
Sometimes you see some people who claim to have lost money in trading crypto currencies, the Major cause for that is that they did not exercise enough patience. When you ain't knowledgeable about trends and understanding crypto currency charts, you would make so many avoidable mistakes.
One thing that always causes lack of patience in newbies is analysis by so called experts. You have to bear in mind that they are humans like you and are only giving their own predictions. If you always take their analysis serious, you would panic sell and watch others make enough profit later on.
The best thing is to do your own research, map out your plan on how much profit margin you are targeting, then follow your instincts.
Without patience, one is bound to always lose money in crypto currency trading.
One thing that always causes lack of patience in newbies is analysis by so called experts. You have to bear in mind that they are humans like you and are only giving their own predictions. If you always take their analysis serious, you would panic sell and watch others make enough profit later on.
The best thing is to do your own research, map out your plan on how much profit margin you are targeting, then follow your instincts.
Without patience, one is bound to always lose money in crypto currency trading.