The Cryptocurrency industry has given people the chance to make money and improve their lives. There are so many ways to do that, and trading is one of these ways of making fortunes, while some people can earn big profits, others would often end up making losses and lose their conviction and confidence in trade, especially those who are at the entering stage. And when we make losses we start to blame forces like circumstances, outside influences, government regulations and sometimes even our own luck, and get angry with ourselves.


Trading can be fun, and profitable when done in the right way. The magic mantra of trading is “buy low, sell high.” You will hear this mantra everywhere, and its 100% correct, but the question is how do we decide at what price to buy and what price to sell, since the price fluctuation is so constant and can have a huge change in less than a minute. In other words how do we decide what is the low and what is the high, should we wait a little more for price to get low before buying or should we wait more for price to get high and then sell our coins? If we can answer these then we can acquire huge wealth within a short span of time, but there is no exact science on this because we can only assume the future based on the information we have at present, but we can’t give any guarantee what will happen tomorrow.


Well then, how do we get that information and make realistic predictions? Well, for that first of all we have to get highly committed to our work and study. This is an infinite amount of study which has no limits, it’s not like that of a classroom study where we study will we graduate and say goodbye to our books and texts. This is where we continuously conduct our research, gather data, and keep our eyes, nose, ears all open at the same time, we have to notice the trends and make decisions from our own judgments. What most people do is follow an iconic figure and do their trading according to what their idol says, for example following the Tweets of John McAfee and do trading decisions according to what he says. McAfee is a brilliant man and his brain works thousands time better than mine but this is not the way to make decisions, what I’m saying is it’s your money, it’s your coins, it’s your time, it’s your energy, that is every decisions you take should be based on your own intuitions.


What happens is most people fears to take their own decisions and will make their moves according to what others tell them to do. No, no, no. Start taking responsibility for your own money, yes you can listen to what others are telling, like how I’m telling this right now on this writings, but I may be right, or I may be wrong, but you can use my words as part of your research but not when making the final decision. When we get sick, or are in the hospital, what we do is always take the second opinion of another doctor, we also do the same blood test on two different labs, can you tell me why do we do this when it comes to our life, because that’s one thing we value a lot, we don’t want to lose our lives and will choose the best option to keep it alive, but when it comes to money or investment, tell me why can some of us be so carefree when it comes to our investments?


Speaking of doctors, I remember something; few weeks ago someone made a comment on my post saying “you should only invest the money on crypto trading which you can afford to lose.” I just don’t understand what to reply when I see such advices from crypto-gurus. What do they mean by afford to lose money? I mean who the hell can afford to lose money for nothing? If you have too much money, then go give it to charities such as orphanages, elderly home supports, help the unemployed, feed the hungry, help those who lost everything in natural disasters or due to war etc. But what do they mean by afford to lose? Does that mean a surgeon should operate on a patient whom he can afford to let die? Or an engineer should build skyscrapers which he can afford when it just breaks and falls? When it comes to Cryptocurrency or stock market investment, we follow the money and think hey this coin is doing so good lets buy this more and we will gain more profits. Many of us actually don’t understand what’s going on and will just enter the market. If a doctor needs 5 years to study on medical college, then do internship and continues to study even after they retire from their profession, then how come people can just come to the market, invest their money and keep praying their investment go double and they become wealthy?


Before one starts trading, they should invest on their education, learning, and training before they invest on buying coins. They say, if you have invested $1,000 on Verge (XVG) one year ago, their $1,000 would turn into $12 million after a year. Oh wow, that’s so awesome, let’s invest $100,000 this year then, and after a year it will magically turn $1.2 billion. This is common pattern of new investors, and they might end up getting less than half of what they invested. Hey, I’m not making any FUD here, just do your own research before investing the money “you can afford to lose” instead of just investing based on “if you invested last year.. then now…” slogan.


To conclude this article, all I will say is that the best way to do trading with full confidence, conviction and be relentless at is to first invest in your education, research, training, and you don’t even need to do any course on it, there are thousands of books written which you can find so easily for free by using your favorite search engine, you can find so many articles online, especially the articles which we are posting everyday on Steemit, there are so many podcasts, video tutorials, etc. And you can even get all these materials for free.