Crypto trading is a wonderful way to make more money, and get more cryptocurrency for free.

Because your profits are realised in crypto, it makes them more valuable than the dollar amount at the time.

But I have heard many people complain about some things about crypto trading. Things that aren't true at all.

So in this post, I want to go over a few of those things, and debunk their falsity in the process.

Let's get started!

1. You can't trade without indicators

This is one of the myths about crypto trading that is absolutely wrong, and is in no way right.

Crypto trading can be performed with or without indicators on the chart. It only depends on the trader.

I personally use just one momentum indicator on my charts and 2 EMA lines, but my charts are relatively clean, and I still make decent trades every day.

Most trading classes you see online either have the instructor's chart ladden with indicators so you can't see the candlesticks at all, or the graph itself is filled with MA lines and whatnot so it's so complex to read.

I know professional and profitable traders that just use support, resistance and tight stop losses to make some decent profits off of the market.

Indicators can't help you turn a profit if they're too many.

2. Learning to trade is hard.

Also a very wrong belief. Learning to trade is as hard as you make it.

I literally leant how to trade in just a month, mastering the basic use of oscillators, indicators and reading candlestick charts. I was also able to pick my favourite oscillators from the pack because of how they helped me, and I also developed my trading plan within that time as well.

Of course, not everyone would have their experience like that. Some people may learn how to trade for 3 months, and some may learn it in 3 weeks. It all depends on the determination to learn and the time at hand.

Your instructor also matters. You must get yourself a decent instructor that knows what they're saying.

Now I personally learnt my trading skills from Forex signals, but you can learn yours for free online if that's the way you want to go.

Point is it doesn't have to be hard.

3. You'd lose your money if you trade.

Yes, this is true, but in context. You'd lose your money IF you're not wise.

Investing with $10000 when you have no education will yield you burning through your account in like a week, and donating your money to those who have experience in the market.

You can also lose your money through bad decisions. Like not following your trading plan, or following it haphazardly.

Losing money is easier than gaining it in the market.

Thanks for reading!