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deucher
deucherActive Contributor
Asked: August 9, 2023In:

My friends and I have been interested in cryptocurrency for a long time, we all tried to earn money not only by investing in the long term, but we also tried to trade futures and it is obvious that we ...Read more

My friends and I have been interested in cryptocurrency for a long time, we all tried to earn money not only by investing in the long term, but we also tried to trade futures and it is obvious that we lost all the money, my friends immediately decided to stop, but I am still training, but I have not been able to make money yet

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cryptotrade
  1. Suba
    Best Answer
    Suba Knowledge Seeker

    I think futures trading is more difficult than spot trading, in futures trading all that is traded is contracts, there is nothing physical either money or crypto. So in crypto futures trading, traders must master all the techniques and strategies to predict crypto price movements correctly whether tRead more

    I think futures trading is more difficult than spot trading, in futures trading all that is traded is contracts, there is nothing physical either money or crypto. So in crypto futures trading, traders must master all the techniques and strategies to predict crypto price movements correctly whether to go long or short.

    In general, futures traders speculate about the possibility of crypto price movements in the future, they rarely apply technical and fundamental analysis correctly, so they are likely to lose.

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Light
LightTrusted Adviser
Asked: August 29, 2023In:

Although it’s not required, learning a trade before beginning a business might be beneficial. A trade offers priceless abilities, market knowledge, and reputation. But entrepreneurship success also need on abilities in management, marketing, finance, and innovation. A trade background may be ...Read more

Although it’s not required, learning a trade before beginning a business might be beneficial. A trade offers priceless abilities, market knowledge, and reputation. But entrepreneurship success also need on abilities in management, marketing, finance, and innovation.

A trade background may be beneficial to your company endeavor depending on your business concept. However, any trade-related shortcomings might be filled by teaming up with specialists or hiring qualified employees.

 

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  1. Svishok
    Svishok Expert Mind

    Learning a trade before starting a business is not a requirement, but it can be beneficial depending on the nature of the business. Trades such as plumbing, carpentry, or electrician work can provide essential skills and knowledge that are directly applicable to certain businesses in these sectors.Read more

    Learning a trade before starting a business is not a requirement, but it can be beneficial depending on the nature of the business. Trades such as plumbing, carpentry, or electrician work can provide essential skills and knowledge that are directly applicable to certain businesses in these sectors. However, many successful business owners without a trade background have thrived in various industries. The most critical factor in entrepreneurship is having a deep understanding of the business you want to start. This includes industry knowledge, market research, understanding customer needs, and a solid business plan. While a trade can be advantageous, it is not an absolute requirement to start a successful business.

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Genevie
GenevieActive Contributor
Asked: August 31, 2023In:

Are there any suggestions, ideas, information one need to know about any business to start with 400 dollars in your region, is the money too small to start with? I have thought of the cost of renting a place, the ...Read more

Are there any suggestions, ideas, information one need to know about any business to start with 400 dollars in your region, is the money too small to start with? I have thought of the cost of renting a place, the location and other expenses included in this small amount, what do you think?

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businessmoneytrade
  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur

    See One suggestion for a business to start with $400 is a small online boutique selling trendy clothing or accessories. With the initial investment, you can purchase inventory, create a website or use a platform like Etsy, and market your products through social media. Another idea is to start a smaRead more

    See

    One suggestion for a business to start with $400 is a small online boutique selling trendy clothing or accessories. With the initial investment, you can purchase inventory, create a website or use a platform like Etsy, and market your products through social media. Another idea is to start a small home-based bakery, making specialty cupcakes or cookies to sell locally or through online orders, using the $400 to buy ingredients and packaging supplies.

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Umumuslima
UmumuslimaNewcomer
Asked: September 26, 2023In:

What are the most profitable crypto currency to trade? What I mean is that when one decided  to engage in trading what crypto currency can someone invest on that can generate good profit?

What are the most profitable crypto currency to trade? What I mean is that when one decided  to engage in trading what crypto currency can someone invest on that can generate good profit?

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cryptotrade
  1. deucher
    deucher Active Contributor

    I think that the most profitable can also become the most unprofitable because in order to get a quick profit you need volatility and in such a market it is very difficult to predict the price change. I think that the best option will be Bitcoin itself, because other tokens are very much dependent oRead more

    I think that the most profitable can also become the most unprofitable because in order to get a quick profit you need volatility and in such a market it is very difficult to predict the price change. I think that the best option will be Bitcoin itself, because other tokens are very much dependent on it anyway and the price will move in the same way

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bluebird
bluebird
Asked: July 23, 2024In:

How do successful investors stay methodical in market fluctuations? Market fluctuations affect investors.

How do successful investors stay methodical in market fluctuations? Market fluctuations affect investors.

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fluctuationsmarkettrade
  1. raaman
    Best Answer
    raaman Expert Mind A blogger and a writer interested in learning.

    Successful investors stay methodical in market fluctuations with a defined investment strategy, focus on long-term goals, and avoid emotional decision-making. They do research, diversify portfolios, and review and adjust their investments. They also uphold an orderly approach, do not time the marketRead more

    Successful investors stay methodical in market fluctuations with a defined investment strategy, focus on long-term goals, and avoid emotional decision-making. They do research, diversify portfolios, and review and adjust their investments. They also uphold an orderly approach, do not time the market, and stay informed about market trends and conditions.

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