So you’ve decided to take the habit of online trading much more seriously, and you’ve just allocated a sizable portion of your savings to be truly profitable with it. Do you just hop into the gig without thinking and analyzing properly the courses of action you have to do? No. You plan, internalize, and execute.
Regardless if it's about Cryptocurrency, Forex, or the Stock Market you wish to embark upon, you really need to have some serious methods you have to craft, meditate on, and implement.
Like a valiant warrior who is about to engage in battle with a fierce opponent, it will always be a wise move to think about what you’ll deal with first. This includes choosing good online platforms on the internet. It’s really worth checking out.
Furthermore, in order to become a successful online trader, you must try your best to avoid the following mistakes:
Not having the right trading mindset
Successful traders, businessmen, and just about anyone else you can think of have one thing in common: they have the right balance of action and decision, and the only way to have that perfect balance is to have the right psychology and attitude toward any relevant endeavor.
As an online trader, you need to have the proper mental conditioning needed before you embark on your battles. Of course, these battles are nothing sort of physical, but rather emotional and psychological. By knowing exactly when to push through and when to withdraw, you can have the best level of earnings attainable. Maybe not instantly, but at least something that will not make you too big of a loser.
Choosing the wrong online platform
There are lots of online betting platforms on the internet that they’re too many to mention even in hundreds of articles. For every letter or character on this page, there could be hundreds of them out there. But how can you choose what’s best for you and what platforms to avoid?
The best way to deal with it is to use search engines properly. Google, Bing, and Yahoo are freely open to everyone. You can use them whenever you wish to so you can have the desired information about the online trading platform you may have heard of. What’s even more amazing is that you can also use them to obtain some information about those that you haven’t known yet.
Now, to avoid if those platforms are nothing but scams, the best course of action would be to search for reviews about such sites. By simply Googling the keywords “Review for (name of your chosen online trading platform)” you should already come across some people online who have good or bad experiences with that platform.
Not managing finances properly
Regardless of the platform, you have chosen, or whatever the well-detailed plan you may have come up with, all of them would amount to nothing if you don’t have the skill of managing your finances properly. The ultimate key to getting around to this is to utilize online wallet systems such as Paypal, Coinbase, and Stripe – probably the most popular digital wallets that you can easily access online.
By signing up to them, you will be ushered into a platform that has a very manageable interface. But on top of all that, all it needs is your attitude. Although digital wallets can really help you manage your money better, nothing beats common sense and good decisions.
Now, allow me to brag about the regional area where I live. Let’s deal with the issue that says…
Why Betting Is Much More Fun In Asia
In countries like Indonesia, Vietnam, and the Philippines, betting is more than a past-time. For some, it’s a way of life. There are even those who make it a primary goal in most of the years of their existence – a dangerous mantra to have, but one that is being lived with by a lot of people.
Before you accuse me of dignifying gambling, let me assure you that my goal here is to urge the reader to take risks. If you are known as a frequent patron of this site, chances are you’ve already done your fair share of trading and hodling cryptocurrencies already.
In that case, you can never disagree that the endeavor is very similar to gambling. Having said that, let’s talk about why betting is really more fun in Asia. Let’s ponder upon the following statements:
Betting is done on the streets
Who says betting needs to be too formal that they only need to be executed within pristine corporate establishments? Seasoned traders, as well as those who are just hopping into the gig, are really willing to lift the finger into powerful individuals who claim that regulations must be thoroughly imposed so that their betting excursions can be properly facilitated.
Even by just watching a simple sports battle on TV, or just by waiting what the outcome of a major event will be, people are actively betting on anything whenever you hop into Asian territory. It is one of the best and most exciting past-times being done by people of all ages and gender orientations, although men are more likely to engage in it than women.
A great percentage of people are allocating their salaries to betting
In most first-world countries, many people are known to engage in betting by apportioning a part of their incomes for betting, which is fine, considering that it's just a small fraction of their wealth. But in many parts of Asia, many gamblers are really betting a huge portion of their incomes just so they can gamble on something.
Yes, it is the cause of broken families, shattered marriages, and totally wasted lives, but such an occurrence is very real. In the Philippines for instance, some Pinoys are known to put aside the purchase of life-saving goods just so they can place their bets on Lotto and on Sweepstakes raffles.
Drawn with the knowledge that some people really do get rich with millions with such gambles, they place bets that could reach thousands of pesos each week… putting the lives of their families and their own at great peril. Again, this is a really bad picture, but very real nonetheless.
People are using even weird scenarios just to gamble
It is one of the most observable funny things about Asia, people are using whatever scenario they can tap into, just so they can place bets on it and obtain extra money. For instance, some buddy groups or “barkadas” in some regions of Southeast Asia would wager that their friend would get a girlfriend by the end of the week or not.
It’s a weird undertaking, but such kinds of events are really happening. Such are the reasons why indeed… betting is really much more fun in Asia.
