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Topic: 7 Difficulties for a trader - page 3. (Read 1559 times)

member
Activity: 200
Merit: 10
August 28, 2018, 04:14:04 PM
#67
For me, the biggest difficulty is when the market is in a bearish trend .I love the market in flat, then it is very easy for me to trade . And of course I prefer night trading, in the daytime just something strange happens to me .
It is true that trading during a night helps sometimes cause it is always noisy in a day time. As a result I can not concentrate and open/close positions.
newbie
Activity: 48
Merit: 0
August 28, 2018, 03:19:51 PM
#66
For me, the biggest difficulty is when the market is in a bearish trend .I love the market in flat, then it is very easy for me to trade . And of course I prefer night trading, in the daytime just something strange happens to me .
member
Activity: 333
Merit: 11
August 28, 2018, 01:56:58 PM
#65
The most difficult is stop loss, which is an insurmountable thing as a trader. You can analyze right technique, find out correct information, plan accurately but you can not overcome emotion. You are afraid when prices fall, never win the fear.
it is true, being a very difficult trader is a stop loss, because most traders will panic when prices fall very drastically, and to control emotions, being a trader is very difficult and not easy for everyone to do.
full member
Activity: 231
Merit: 100
August 28, 2018, 01:26:24 PM
#64
The most difficult is stop loss, which is an insurmountable thing as a trader. You can analyze right technique, find out correct information, plan accurately but you can not overcome emotion. You are afraid when prices fall, never win the fear.
full member
Activity: 308
Merit: 101
August 28, 2018, 05:38:03 AM
#63
I think it is difficult to sell and buy at the right time but that's in fact very normal because you can't know the right times.
newbie
Activity: 103
Merit: 0
August 28, 2018, 05:35:40 AM
#62
the starting point of a trader is number 7. It's hard not to be greedy. because of this all will cause us to lose everything because there is no sense of satisfaction if we are greedy
member
Activity: 486
Merit: 27
HIRE ME FOR SMALL TASK
August 28, 2018, 05:22:54 AM
#61
When i first try to study and apply my trading skills i start rolling money for about 20$ so it's not a huge amount atleast i tried to know first how to connect and apply reading indicators such as candlesticks some sort of like that. My first profit was not big enough also, so two months after i earn some profit but not that big.  There are many difficulties to be discuss i guess. 
member
Activity: 322
Merit: 10
The Premier Digital Asset Management Ecosystem
August 28, 2018, 05:16:36 AM
#60
The only difficulty in a transaction that I have often encountered is impatience, if we are impatient, it probably will never be able to succeed in the cryptographic market, so I think the main patience. is the key to success
newbie
Activity: 196
Merit: 0
August 22, 2018, 10:02:32 PM
#59
Becoming a professional trader is difficult. The only thing you mention is a sentence, which is the lack of knowledge and psychology is not stable. When you have the knowledge to do technical analysis, it will be simpler
OTR
newbie
Activity: 6
Merit: 0
August 22, 2018, 09:29:19 PM
#58
Do you think that forex trading is difficult? how long is it difficult forex trading?

If according to ane itself really true forex trading is indeed difficult. But missed his pips. Not difficult to find profit, not too difficult to add analysis or strategy.

However,

1. It is difficult to stop when Profit / Loss lot
2. It is difficult to exit the market while not excited
3. It is difficult to leave the computer while floating minus
4. Difficult to sell OP errors
5. Difficult to CutLoss
6. It is difficult to stop when the target has been reached
7. It's hard not to be greedy

Well, that guy 7 is hard for a trader hehe

Happy trading guys emoticon-Congratulations

That's a great list friend. You've really hit the nail on the head. So as I can't alter it, let me offer an alternative.The seven steps to becoming a great trader.

1. Knowing you know nothing, but not knowing what you don't know.
2. Naive confidence of thinking you know something.
3. Knowing you knew nothing, but now with the knowledge of what you don't know and, therefore, what to learn.
4. Learning what you don't know.
5. Thinking you know everything.
6. Learning what it is to lose something when you thought you knew everything.
7. Learning that learning never stops.
member
Activity: 224
Merit: 11
August 22, 2018, 09:04:40 PM
#57
Do you think that forex trading is difficult? how long is it difficult forex trading?

If according to ane itself really true forex trading is indeed difficult. But missed his pips. Not difficult to find profit, not too difficult to add analysis or strategy.

However,

1. It is difficult to stop when Profit / Loss lot
2. It is difficult to exit the market while not excited
3. It is difficult to leave the computer while floating minus
4. Difficult to sell OP errors
5. Difficult to CutLoss
6. It is difficult to stop when the target has been reached
7. It's hard not to be greedy

Well, that guy 7 is hard for a trader hehe

Happy trading guys emoticon-Congratulations
Really agree hahaha, specially the number 5. Because it's so hard to decide whether you cut loss or wait for another pump. But it is really to put stop loss always. Being a trader, you need to lost some of your money sometimes but not always.
newbie
Activity: 16
Merit: 0
August 22, 2018, 08:14:31 PM
#56
What a neat list! Thanks for sharing!
#7 is my favorite  Grin
newbie
Activity: 322
Merit: 0
August 18, 2018, 04:54:41 AM
#55
The reasons you give are pretty good. I think anyone who joins the crypto or forex market has the same reasons. When we have not enough experience and bravery to be able to master their greed. When we are scared at the market continuously decline not dare Take a loss. Especially dangerous when running in the crowd, that is the reason why becoming a trader is always difficult. To become a professional trader, everyone must have lost a lot. The lessons of investing are extremely valuable so the price will pay off if you understand trader psychology and forget the news and stop running in the crowd.
newbie
Activity: 70
Merit: 0
August 18, 2018, 03:34:40 AM
#54
You are quite correct on the things that goes on in the mind of a trader and how a trader behaves but it is very important to note that, every trader should develop a lot of features that would suit his trading style. You must not be greedy, you must follow a principle and you must control emotions in order to be a success in trading
member
Activity: 476
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
August 18, 2018, 02:55:51 AM
#53
This is great explanation,  one more thing enemy of trader is difficult to follow the rules of trading and trading  plan.  Not patient and greedy make hard to make profit and finally get loss. The reality is 90% of forex trader loss money because have bad psycology.
newbie
Activity: 140
Merit: 0
August 18, 2018, 02:33:16 AM
#52
The greatest difficulty people face trading forex is having a wrong psychology. This is where over-leveraging, no proper risk management and every other habit that make people lose comes in. Learning the skill is good but without proper psychology, no strategy will work fine. Losses are integral in trading but with proper risk management, one can always remain profitable at the long run
sr. member
Activity: 1400
Merit: 269
August 18, 2018, 01:10:41 AM
#51
Yes indeed one of the most bad characteristics of being a trader is being to greedy and instead of exiting because you've already made profit you chose to stay because you want more. Then you get caught up with the bearish trend unable to get out then blames the coin for being a pump and dump.
member
Activity: 322
Merit: 12
August 18, 2018, 12:25:41 AM
#50
Yes, in my opinion, seeing that there is a lot of greed as the most difficult situation to trade. Human trafficking will not always want to stop the acquisition but want to get everything and in the end, experience difficulties. In making decisions about this.
full member
Activity: 420
Merit: 100
August 17, 2018, 06:06:07 PM
#49
Yes, these are some problem and good to mention here, I think for the solution of these errors the best thing is to just watch the solution of this error and keep in mind how to solve these problems and if you the solution than it has not any positive effect to disturb you.
sr. member
Activity: 672
Merit: 250
August 17, 2018, 05:35:27 PM
#48
Any difficulties are swept away with time and experience. My advise is to first try and make 500 dollars out of 100. Might take you half a year maybe more. But until you can do that, I would not call you a trader who can handle large amounts of money. FOMO is the worst enemy. Learn to defeat it.

Of course as a trader we need to defeat fears and hesintances mate, we can manage big funds specially the token holdings you had. No matter how much money had with you in your trading, you should need to learn to control yourself and avoid panic. If you listen to those FOMO or any other fake news that's a disgusting situation, because it might divert your visions and possibly that will make things become ruined.
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