Topic: Does trading belongs to everyone? - page 10. (Read 2052 times)

What I've seen that has become a problem for others is that they think or get stuck in their minds that it's easy to earn or get a profit from trading. But they did not think that there were trading experts called normal traders. The experts did not enter the trading industry as experts immediately; of course, they went through a process. This is something they did not think about when they entered the trading business industry.

Yes, true trading is for everyone, but they forgot that few are chosen to become real traders, though many are called to come up here in this field of business.

Many traders are losing when they are trading therefore it is not because trading is profitably to many people that is making others to get interested in trading but it is because some people think that they can make profits from trading without learning how to trade very well that is what is attracting them. People losing when they're trading are those seeing trading as a quick well that they can make money therefore they get interested in it until they see that trading is not an easy thing to do. Trading belongs to everyone but only those that respect trading by first learning the things that are necessary to become successful at trading are those that are going to benefit from trading. While some people are losing, there are many others making profits therefore you can not say trading isn't for everyone. Before you decide that trading is for you, do the necessary things to avoid disappointment.

Yes you are correct dear.. Information is very important and is one thing a most do from people who really wants to venture into a particular business, be it trading or investment. For one to hold any assets s/he should be able to know how the project works, the team involved and how solid is the community because community speaks more and most people who are investing in that project /coin join the community from then you would see how they talks about a particular coin. One can also get upcoming events on that particular assets which may likely put the coin in a higher price, also we shouldn't think about how things will be going on smoothly sometimes we should have this thinking that the volatility of cryptocurrencies can cause one to lose his entire assets at any given points.

Any investment or business that brings more profits definitely many people will be more interested on it, that is why you will see people like trading because the money they are getting is more favorable from holding and that is how they lose their funds sometimes too, so anything has an advantage and disadvantage, I like trading but because I don't get enough knowledge on it I don't used to touch it sometimes I used to continue learning on it thing I perfect very well. Some people do not make an investigation before doing something if they only hear certain things are giving massive income, They will simply put money in and then complain when they start losing money because most people who lose money on cryptocurrency do not do research, they will just do things for themselves and hope for the best. The best thing is to do research and learn about what you are trying to do with your money.

Let me refresh something back to you in comparison to how people see trading..
You, during our sec school, we always have this mentality or being deceived by our elderly people about education. When you are in sec school you would see people saying 'I want to become a Doctor, I want to become an Engineer and so on' but without them knowing what is inside. By the time most of them goes into that career you would see that they are finding it difficult to cope why because they listened to their parents saying you will study engineering and you will study Medicine without letting their children decides for themselves, by the time they deep their heads inside that to study the course they would see that is not by saying that Medicine is for everyone. Yes, everyone can go into medicine or any field of study but how many of them are determined to face the difficulty involved (Reading, buying test book, carrying out practical, developing time for personal research ect)

Alternatively, what I am trying to say is that you may say trading is for everyone but how passionate are they to execute their trading exercise? Most people ends up abandoning the trading on their way either due to one or two lost they incur on the process and possibly they may lose their entire savings just to make sure they are traders but at some point they would began to entertained fear since they have lost before, and possibly most of them went ahead borrowing those money to start trading by the time they weren't able to endure for 1 year or 3 years you would find them channeling their efforts towards another thing in life to make money.

So is applicable to choice of career in life, many people has jumped from one business to another just to make sure they succeed in that business without knowing what is involved to make that business stable and growing. Therefore, investigation is needed just like a feasibility study to know things that are involved before they would say I want to become a trader at least when all these are puts in places then they would know how to fight their fear/weakness in trading.

Trading is for everyone if one has a budget for trading. And that money is idle money for him. Trading does not guarantee one constant profit but it is possible to profit from trading if one has long experience and skills to analyze the market. Because in the case of trading, to buy any token or coin, you have to do a good research on that token or coin that there is a possibility of it crashing or not. So everyone must have the ability to do this research to be successful in trading. Trading is for everyone if everyone has analytical skills. otherwise trading is not for everyone

It doesn't guarantee any income, but it also doesn't mean that you are going to lose it neither. We are talking about a situation that is a little bit more personal and I believe that we are going to end up with a situation that's going to be a lot more complicated as well. I personally believe that the best thing to do right now would be a way to move further, and that has to be very sensitive.

If you know what you are doing, then there are moments when you could consider as not ideal, but that doesn't mean that we are not going to profit, we could keep profiting if we know what we are doing. I believe that we are in a situation where it's possible to make as much money as possible if we know how to trade.

This is true; although everyone has the opportunity to become a trader, the only difference is the determination and dedication of those who enter this field of trading, whether it is crypto or forex. But not everyone is for it.

That's why most of those who enter this type of industry think it's easy to get earnings here, but the truth is that it's not really easy; instead, there is a process before we have a wide knowledge of trading. Because if all others think about is luck, for sure they will not really succeed in the end.

I agree with you, trading give more income than holding which I have experienced that many times that made me to settle down with trading, because the moment you want to trade in the market show that you have a target to achieve from the trading but if you are holding that coins in your wallet, it will not bring income to you until you change your mind to trade them. Trading require knowledge and once you have the knowledge of cryptocurrency trading you will not be afraid to take any risks in the market, because you know when to trade to make income and when not to take risks to avoid losses, but newbies will never consider all those things before they will jump into trading. You can make your choice either holding or trading your coins, because trading doesn't belong to everyone because you must create a time to learn so many things that will impact you before going into cryptocurrency trading.

Trading is like other things in life, can not be suitable for everyone. Different people have different personal characteristics and they will find best things they can do like trading, investment or others.

Trading is only for people who have good capital, risk management, can build up good plans, control their emotion, and can do their plans, strategies with good discipline. Everyone can join the market and trade but to live with it, get profit from it, they need many necessary things, knowledge, experience and discipline.

Add the factor of "luck" yes trading needs knowledge and skills in order to come up with an technical analysis and in order to execute in every possible situation but the thing is if you are not lucky or doesnt have a luck in trading then the market can't be favorable to your predictions, we all know analysis is majority in predictions so if you are a person that doesn't have luck in trading no matter how knowledgeable and skillful you are you will always lose money, if you notice that then don't push it maybe trading is not for you, so in short trading can be done by all people but not all are for trading so don't expect that even you allocated years for experience in trading you can expect that you will be successful in it, I dont intend to discourage its just that I'm stating some facts.

It is true that everyone has the same opportunity to make a profit in the world of trading but not everyone can really take advantage of it well and this also depends on how much knowledge and knowledge they have in trading that can lead them to profit, and yes I quite agree with you that it cannot be denied that there are traders who treat trading like gambling, They enter the market without any planning and open trades without any knowledge or analysis where most likely all they have in mind is opening trades and hoping for profits, and of course this is a dangerous action that will only lead them to many losses in each trading session. However, the results of trading will not be achieved if you only rely on feelings and luck, this is not gambling but this is a trading activity that requires skills and knowledge to be the basis of your decision making by conducting analysis before finally opening a trade, so of course this is the reason why every trader is required to have a lot of preparation such as planning, management, strategy, risk management, emotional control, and have a strong mental and psychological which all of this will be able to help you to achieve maximum profit and also to minimize the possibility of too significant losses.

trading is actually require extensive knowledge of the market, some random people can't just try trading and suddenly know everything about trading, we need to have thorough understanding of how the market usually behaves, the basic principle of determining whether a coin deserves to be used for trading and investment, judging based on reputation, knowing several tiers of investors that might affect the price of a coin in the long run and so on there are still many more knowledge required for successful trading that haven't been mentioned yet.

I think sometime people just outright belittling how difficult it is with trading because they've seen so much bullshit running around in youtube and so on about how easy it is to turn into millionaire by trading just within a night the reality can't be farther from that.

even if you see some signal provider out there usually also miss its like their prediction is 50:50, even with all that information they just can't be sure, this also holds truth to many of the expert trader out there.
definitely its not for everyone to succeed in this field.

Most people want to go into trading because they feel money can be made from trading quick unlike investing that you need to hodl for sometime, I think they are in-love with trading because they can gain quick profits and the mistake which people make in trading is that they are so fast in beginning to trade without having knowledge about trading. People have made trading as something that seems as if it is so difficult to go into but people fail to learn trading first but their concern is to make money from trading.

Trading is not for everyone but it is for those who are ready to learn first because trading is all about knowledge. Without knowledge it is impossible to make profit at from trading. People actually can be a  trader and also earn money from trading, but the problem is that some people are not willing to take their time to earn knowledge that can earn them profits.

Having knowledge and skills does not necessarily guarantee that someone can be successful in the trading they do because there are many things that a person must consider in order to be successful in trading and it would be better for us to measure our abilities before deciding to trade because if we continue to force ourselves without good knowledge and skills, we cannot trade so as not to experience losses in the trading we do, but if we already have the knowledge and can control our emotions when trading, of course we can trade to make a profit from trading.

But whether it's suitable for everyone is a different question.
There are a lot of things to consider before we can say it is for everyone.
For example, risk tolerance, technical knowledge, financial, stability, and many more.

These are just examples of things that we must consider before we can say trading belongs to everyone. Potential traders should consider their personal circumstances and the potential risks before getting involved.

Knowledge and skills are a factor but doesn't mean this would make you succeed. No, trading is not as easy as we think because many traders have huge knowledge of the market but still end up losing due to uncontrollable emotions. So if we think that we are not really capable of doing this, we'd rather not force ourselves because, in the end, we are still one to suffer. Even though we are spending a lot of time studying market behavior, it is too different in actual situations and this is a huge problem by most.

Trading offers opportunities to everyone who sees it as a profitable side hustle. But that does not mean that every traders gets the same profitable outcome from trading. Of course, not all traders are knowledgeable and skillful on trading in the market, some are just trading and end up like gambling, so expect that they will definitely won’t be able to achieve their goals in trading. However, for those who have been in great preparation before going into a real trade, mostly they end up trading with positive and profitable results.

But everyone has the same opportunity and time, meaning that it is not intended for those who do not have knowledge but for those who do not want to learn about everything in the world of trading because maybe they do not have strong intentions and determination from the beginning of their arrival so of course they will most likely think that trading is difficult even though they actually have plenty of time to learn to minimize these difficulties when they manage to gain knowledge and insight in return for their dedication to learning.

Everything always starts with being a beginner before you can finally become a successful person in that field, and don't you never know something if you never try it? of course, and all the traders who are now successful started from someone who had absolutely no idea about how to trade properly and correctly, but with strong intentions and determination along with always being consistent and working hard then difficulties and failures will lead them to success, everyone has the same opportunity but not everyone is really willing to fight for it.

If we want to minimize risk, we should just invest, because our investment can be said to be safer, especially if we invest in bitcoin.
However, trading is very different from investing, because trading time is very short and we are even required to always watch price movements to anticipate unexpected reversals.
It is recommended for traders to apply stop loss and take profit, this is one way to minimize losses, and when we are profitable we can immediately stop when we touch the price we have previously set.
A very big mentality is also really needed in trading and that is something that is not easy for us to master, there needs to be a long process to be able to master it.