Is it necessary to know about trading?
When I started writing on this platform, I knew absolutely nothing about cryptocurrencies, nothing about Blockchain, and for a long time I was ignorant about what Exchanges were, but little by little I started to enter, out of curiosity, to that trading environment and I simply liked it a lot.
That has led me to go into different platforms little by little, to inform myself, educating myself in that aspect, even for 9 months I saw Trading classes, which included chart analysis, fundamental news analysis, using indicators and many other things that allowed me to understand this market to a great extent and to be able to dare to start trading.
Edited in Canva / Source
Of course, I must emphasize that what I learned was Forex trading, and although I like it, I definitely like cryptocurrency trading much more, plus it is in this crypto world where I support myself the most. However, the technical helped me to understand many things, and that is something that has a lot of value.
So, now I see things in a very different way than two years ago, I am not a specialist, obviously, but I can say that I have a better vision of many things that I didn't even know I could think before.
Knowing about trading gives us a better way to analyze a project and know whether or not it would be good to invest in it. Somehow it makes you start to see everything differently, even in life itself makes you start to analyze differently than usual.
It is not that you become obsessed with this, but obviously when you start to understand the charts it is difficult not to want to review them, at least the bitcoin and some others that we have to see possible trends and establish a strategy.
Also on the emotional level it makes you stronger, because the pressure you feel from market fluctuations could lead you to make bad decisions, and evidently to have losses when it was enough to just wait a few days or week to take on a trade.
So, I do not want to say that knowing about trading is necessary for everyone, but at least for those who make life on this platform, the knowledge that guide us in relation to the market, knowing how to handle an Exchange like Binance or Coinbase, no doubt they are a great tool, and that will make us step stronger in terms of our decisions.
Of course, this is a personal opinion, I would like to know what you think about it.