There is a group that is looking for direct profit without going through the known path, and they are trying to shorten the path, unfortunately, by a longer path. It is very important to know the path to any place you want to go to in order to save time, effort, money, and mental health, and not to be smart about reality and think that you are the only smart one and all those who came before you are nothing more than... Stupid because you will be the only stupid one in the end and if you are interested in knowing this way just keep reading.
The main and direct path between your first deposit and financial freedom is *knowledge*. You must know exactly what you are doing and stay away from trying the path of luck in which you have nothing to control and it is nothing more than gambling.
Therefore, let us first know how people lose, because before we think about profit we must avoid loss. People lose in many ways, the most prominent of which is:
1. Selling bottoms and buying tops: How is this done?!
A person watches a currency that has risen well, so he buys in the hope of achieving more, but it turns around and falls. Then he becomes afraid and assumes that the price will fall further, so he decides to exit, and then he will lose part of his money, then go to another currency, and another, and so on, and he will remain panting after the green candles and escaping the red candles, exactly the opposite. Whatever the market does, it destroys his portfolio.
2. Futures contracts: Is there anyone who can profit from them?
Certainly, the futures contracts service is a distinctive service that generates large profits with a small capital, and this is its goal and what it came for, to increase the capital for small investors so that the trading process is a feasible process, but its use and method of trading is fraught with risks and requires someone who knows all the details of futures contracts and how to calculate the liquidation price. What does it depend on, what is the boost, and how does he get the best entry price by boosting certain percentages of his capital... etc. and many details that require an experienced person or the degree of an expert in order to achieve a goal worth risking for, and here, please, do not cite to me someone who achieved a huge profit by luck and it was his expectation. True, I am talking to you here about reaching the stage of controlling trades and being prepared for all possible scenarios, and for a beginner in the market this is almost impossible.
3. Sending your money to someone else: There are those who do this!!
Unfortunately, we still hear about people sending their money to scammers who convinced them that there is a fixed profit or that he is a professional and will trade with his money instead and send him the profits!!, or about people who entered suspicious, unsafe sites and pump groups or put their money in fraudulent currencies and so on.
These are most of the ways in which 99% of all losers lose in the field of digital currency trading, so stay away from them completely and we will see now that we have learned the ways of losing how to profit.
First, to start making profits, you must understand the market life cycle to know the current stage in which you started this field, which is simply as follows: (I put number 1 based on the fact that it is the stage in which people mostly enter, as it is the stage in which people hear about the field of digital currencies and see people making money. And they decided to invest in it.)
1. A rising market with significant rises through which people made good profits and started earning pounds.
(Most people started from this stage because it was a stage of fear of missing a profit opportunity and a period of positive news about the market).
2. A correction resulting from sales by old investors who want to reap some of their profits.
(Most people sell their currencies here at a loss because of their fear of losing capital.)
3. Re-rising, completing the journey of rise or fall, and completing the process of exchanging currencies owned by veteran investors.
(Here lie the benefits of knowledge, and your decision to withdraw or stay is what determines your fate. We will expand on this important stage in a separate article because it is the most important stage, and we will see how you can invest it in a way that keeps you miles away from loss.)
Quite simply, this is the market life cycle in detail, and every person who entered the market saw this happen. Now these stages are part of a large cycle divided into two parts: 1. Bear Market 2. Bull Market
You must determine your place in the market now and know its direction, and then you determine the current stage and look at the chart to see that, for example, a certain currency - and let us assume that it is Bitcoin, being the leadership center of digital currencies - continued at the bottom for approximately a year and a half, and its decline took approximately 8 months from its peak, and that it is on the rise. 6 months ago and we will think and say that we are now in a bull market, that is, in a bull market (you agree or disagree with me whether it is a bull market or not. This is not my opinion. This is the result of a rise that lasted for 6 months without stopping and this is called a bull market). Let us think a little and say that whoever invested six months ago Without a significant correction, the market rose to more than two and a half times its entry price, and it took him from work without withdrawing profits for half a year. Does he not have the right to withdraw some large profits and enjoy them? Or even selling what he made during the six months to cover the costs of electricity, maintenance, etc.?
He will certainly collect some of his profits to give himself a break for the warrior to return to the market after a while, and this will cause a correction that may continue for some time until a good support base is established to continue his rise, then he will provide some additional liquidity and reposition within the new support range.
At this particularly complex stage, and facing the idea that the market will continue its rise or continue its decline, the loss will be for most small investors. Here you have to determine your own position and outlook on the market without paying attention to the opinions of analysts and influencing negative or positive feelings in the market and making a wise decision based on knowledge and not on feelings and thinking from the outside. From the starting point of a person who has a large capital who has just completed a six-month investment round during which he earned more than double his capital and you say: Will I be satisfied with that or continue? Here opinions abound, and analysts or astrologers and fortune-tellers, rather, begin to express their opinion. Here you have to stop a lot and try to learn and start searching for the knowledge that brings you as close as possible. What is possible is the current decision in the market (to continue rising or to be satisfied and to fall). To make such a decision, you must know additional things.
I wrote a lot of things, and continuing with the right decision may take a longer explanation than what I mentioned, and this article will be followed by another article to share the rest of the way and how you can stay away from making the wrong decision and commit in a way that makes you ready for both situations.
I apologize for the length, and good luck everyone
