Everyone will be familiar with the phrase \u2018practice makes perfect\u2019. The celebrated author, Malcolm Gladwell, popularised the idea that mastering a skill takes 10,000 hours of practice, along with innate skill. <\/p>\n\n\n\n
Though Gladwell\u2019s idea has been challenged, there is a definite correlation between time and success in trading cryptocurrency. You have to commit the time to simply understand the basics, but that simply is step 1. Experienced traders take years to refine their skills – which is an open-ended process – and that is doing it as their full time job.<\/p>\n\n\n\n
You\u2019ll need to find time to undertake the actual research to establish a trading decision, and when boiling this down to the time involved, and your personal circumstances, it may become immediately clear what path to take.<\/p>\n\n\n\n
Your lifestyle will be an important factor in this. If you are in full time employment, have a family, or a busy social life, where will you find the time to learn, do the required research and monitor your trades? <\/p>\n\n\n\n
Trading lifestyles are notoriously anti-social. The constant pressure of market volatility and processing new information can create stress and impact sleep, which in turn may lead to poor decision-making. <\/p>\n\n\n\n
This consideration alone may be enough to guide your approach, the second key component will be your discretionary income.<\/p>\n","protected":false},"excerpt":{"rendered":"
Everyone will be familiar with the phrase \u2018practice makes perfect\u2019. The celebrated author, Malcolm Gladwell, popularised the idea that mastering a skill takes 10,000 hours of practice, along with innate skill. Though Gladwell\u2019s idea has been challenged, there is a definite correlation between time and success in trading cryptocurrency. You have to commit the time […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[501],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8618"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8618"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8618\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}