Topic: Does trading belongs to everyone? - page 11. (Read 2060 times)
I will just go direct to your question in the OP, trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.
Trading needs some important things like it needs knowledge, experience, money, patience, and selection of ideal coins. Everyone can become trader but a successful traders are few because you have to spend years for learning about trading and to become an expert.
Traders have pressure to decide about selling because he select short term coins which rapidly go up and down so a knowledge less person can take entery in trading but success for him will be very difficult if he does not have any experience.
That's why not many people can become pro traders. They have to learn a lot before becoming traders, which requires a process. That makes many people not want to take the time to learn about trading.Traders have pressure to decide about selling because he select short term coins which rapidly go up and down so a knowledge less person can take entery in trading but success for him will be very difficult if he does not have any experience.
Those with trading skills can determine when to trade, find the right coins that can provide profits, and trade Bitcoin if they feel they can make bigger profits from it.
If a trader cannot decide when to start trading, determine when to buy and sell, and simply follow signals from others, he may have difficulty making a profit. So everything should start with learning to trade, and the more he can learn to trade, the greater his chances of making a profit will be.
It is technically true that anyone can become a trader, but the reality is that the evidence shows the majority of those that try fail, now there are many reasons for this, with the most common being that the majority of those that try to trade, make no legitimate effort to learn how to trade at all, but even then this proves they did not had the necessary skills to become traders, as if you are not willing to improve yourself and your strategy every single day then you might as well give up on becoming a trader.
Traders who try to trade without skills will find it difficult to make a profit. This is what traders most often encounter, especially if they only rely on signals from other people. They should try to learn a lot about trading to trade well.Many people still wait for signals from other people because they don't want to learn, which causes them to miss the opportunity to make a profit. If they are not willing to learn trading, they will not be able to become traders, and it will be difficult to make a profit.
Keep in mind that trading in financial markets carries a high level of risk and may not be suitable for all investors. It is important to thoroughly research and understand the market before placing a trade and do not invest more than you can afford to risk. Also, it's important to use proper risk management strategies and monitor your trades regularly to ensure your positions are within your risk tolerance.
Even though trading will be able to bring profits quickly, trading also has a big risk of losing money quickly too, so we must be able to consider whether we are ready for that risk or not, if not then it is better to prepare ourselves first rather than force ourselves.
Trading is not that easy, there are many things we have to learn and master, if we don't have the knowledge then we should learn it first. Don't let us trade because we see other people, or in other words, we just follow along. Because it is very unwise if we do that just because we are joining in, in trading the risk is losing money, and that is not easy if we do not prepare as well as possible, especially in preparing our finances.
Trading is not that easy, there are many things we have to learn and master, if we don't have the knowledge then we should learn it first. Don't let us trade because we see other people, or in other words, we just follow along. Because it is very unwise if we do that just because we are joining in, in trading the risk is losing money, and that is not easy if we do not prepare as well as possible, especially in preparing our finances.
Risk in trading is a directly linked to how how long you are going to invest your capital. If one is referring to trading where he invest some money and want to sell on same day or week then risk is very high. This risk decreases as the duration of your investment increases.
As far as OP question that trading is for everyone then IMO it's not for everyone specially if you are new to crypto. There is experienced traders who got loses while doing short term trading. Unless you are not ready to face the risk better stay away from it. There is other techniques which have less risk and more chances of profit.
It all depends on individual choices on what they needs or not since many people has this mindset that trading is much more lucrative and that is true but they don't make profits from trading since they don't have time to study what it takes them to start making money from trading. They should try focused on what they knows because when they move from what they where doing to trading it shows that they are already devoted and dedicated to trade and of a true when the necessary knowledge is being applied you can surely become a good trader without much lost while trading.
I've noticed that people who lack knowledge often lack patience as well, which is the reason why when they make a few trades, lose some of them, they start blaming the market and cryptocurrencies they were trading for their losses and rage quit the industry instead of accepting their mistakes, evaluating the points where they made those mistakes, and then working to improve those areas so that they don't make the same mistakes next time they are trading.That is what successful people do, whether it's about trading or anything else, as long as you are learning and growing, there is nothing that can become a hurdle in your way of achieving success, but as soon as you start complaining instead of learning and accepting your mistakes, you will face failure.
It all depends on individual choices on what they needs or not since many people has this mindset that trading is much more lucrative and that is true but they don't make profits from trading since they don't have time to study what it takes them to start making money from trading. They should try focused on what they knows because when they move from what they where doing to trading it shows that they are already devoted and dedicated to trade and of a true when the necessary knowledge is being applied you can surely become a good trader without much lost while trading.
Even though trading will be able to bring profits quickly, trading also has a big risk of losing money quickly too, so we must be able to consider whether we are ready for that risk or not, if not then it is better to prepare ourselves first rather than force ourselves.Trading is not that easy, there are many things we have to learn and master, if we don't have the knowledge then we should learn it first. Don't let us trade because we see other people, or in other words, we just follow along. Because it is very unwise if we do that just because we are joining in, in trading the risk is losing money, and that is not easy if we do not prepare as well as possible, especially in preparing our finances.
Trading is for everyone, but they have to learn trading first. It is not easy to have good trading skills because it requires a process.
Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
Trading needs some important things like it needs knowledge, experience, money, patience, and selection of ideal coins. Everyone can become trader but a successful traders are few because you have to spend years for learning about trading and to become an expert.
Traders have pressure to decide about selling because he select short term coins which rapidly go up and down so a knowledge less person can take entery in trading but success for him will be very difficult if he does not have any experience.
The best traders I have come to know, often didn't start trading voluntarily, or should I say decide on taking it as a career. They somehow just understand it better from an onlook and gave it a try and even probably gave a few pointers to someone who was struggling or is still struggling so hard to learn how to trade.
I guess some where just natural gifted to do well in certain areas than others of which in this context am referring to trading being for everyone or not, and my answer is yes and no.
If you are on the blockchain and have crypto, surely you must have swapped or withdrew or deposited some coins or used it for payments. While it may not be the full functions of a trader, doing it occasionally still doesn't make one a trader unless they invest big money just to buy and sell and make profit as a career, but on a very regular basis.
It all depends on individual choices on what they needs or not since many people has this mindset that trading is much more lucrative and that is true but they don't make profits from trading since they don't have time to study what it takes them to start making money from trading. They should try focused on what they knows because when they move from what they where doing to trading it shows that they are already devoted and dedicated to trade and of a true when the necessary knowledge is being applied you can surely become a good trader without much lost while trading.
Trading is for everyone, but they have to learn trading first. It is not easy to have good trading skills because it requires a process.
Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
When trading, they must also be able to find a trusted exchange so that they do not experience fraud. If you want to buy coins from other traders or P2P traders, you have to make sure the trader is trustworthy. Everything must be confirmed first to avoid fraud and also make a profit.
It is technically true that anyone can become a trader, but the reality is that the evidence shows the majority of those that try fail, now there are many reasons for this, with the most common being that the majority of those that try to trade, make no legitimate effort to learn how to trade at all, but even then this proves they did not had the necessary skills to become traders, as if you are not willing to improve yourself and your strategy every single day then you might as well give up on becoming a trader. Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
When trading, they must also be able to find a trusted exchange so that they do not experience fraud. If you want to buy coins from other traders or P2P traders, you have to make sure the trader is trustworthy. Everything must be confirmed first to avoid fraud and also make a profit.
Trading is just there; it's up to us if we recognize it positively or negatively. That means, since "Trading" cannot speak, anyone can try it or enter it to do trading activity. You have an interest in learning about trading; of course, you will study it and learn it 100%.
And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
Of course, everyone that finds interest to trade regardless of their purpose can definitely try trading as much as they want. But they should know that risking their funds in trading without prior learning even the basics will put their funds into waste, thus losing their trades and losing their money.And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
However, if they are responsible and cautious individuals, they won’t enter a trade unless if they think they are ready and capable enough. Otherwise, they will fall into gambling and expect trading it can be more often win through luck, which certainly won’t never be possible.
~Snip~
The obvious truth is that everyone cannot be a trader, we all know where our strength lies therefore we should go for it. But if you have the capital and all it takes to be a trader, it is expected that you show some level of commitment because that is where success lies. You cannot keep jumping from one form of investment to the other and expect good results immediately. Holding Bitcoins and altcoins is not a bad idea but then, they all come with their own levels of risks too, scammers will still strike whether you trade or not. So, if you are scared of taking risks, being committed or being patient, you might not really make it in the cryptocurrency world even if you are not trading because the price fluctuations of most of these coins will demand that you wait for a while or even longer before you start making profits. No cryptocurrency investment is a bed of roses.
I think whether or not this profession is suitable depends on how they respond to the world of trading, it's not just about making a profit, I understand this is the main goal but if for example you see all the lessons in the world of trading or anything related to trading as fun for you then believe me you will not feel too pressured by all the difficulties that can cause tension and you will also not mind working hard to achieve success.
Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.
We can make it this way, look for a reliable coin, bitcoin or any other altcoin buy and hold. You can look out for the best wallet where to store your funds without any news about misplacing your seed phrase or private keys. It's not necessarily mean you must buy from exchange, get your self a good p2p provider I believe there are trusted p2p service providers whom you can send them fiat or any other coin in replacement of the coin you wants to hold, than involving yourself to an exchange for trade or buy coin at least to avoid us having different version of storyline.
If you think is not possible to deal with people on p2p trade, look out for those at your locality who is trusted and reliable then you can send your fiat and they s/he sends you the coin (must be reputable p2p trader), if the amount which you are trading is much why not half it and go by 20 percent of the total amount you want to trade, after which is confirmed you can then continue with another 20 percent by so doing you ends up accumulating enough volume of any coin you want to hold for long than as a newbie trader you get yourself into exchange or broker and got scammed.
Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.
If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.
We can make it this way, look for a reliable coin, bitcoin or any other altcoin buy and hold. You can look out for the best wallet where to store your funds without any news about misplacing your seed phrase or private keys. It's not necessarily mean you must buy from exchange, get your self a good p2p provider I believe there are trusted p2p service providers whom you can send them fiat or any other coin in replacement of the coin you wants to hold, than involving yourself to an exchange for trade or buy coin at least to avoid us having different version of storyline.
If you think is not possible to deal with people on p2p trade, look out for those at your locality who is trusted and reliable then you can send your fiat and they s/he sends you the coin (must be reputable p2p trader), if the amount which you are trading is much why not half it and go by 20 percent of the total amount you want to trade, after which is confirmed you can then continue with another 20 percent by so doing you ends up accumulating enough volume of any coin you want to hold for long than as a newbie trader you get yourself into exchange or broker and got scammed.
Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.
If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.
The obvious truth is that everyone cannot be a trader, we all know where our strength lies therefore we should go for it. But if you have the capital and all it takes to be a trader, it is expected that you show some level of commitment because that is where success lies. You cannot keep jumping from one form of investment to the other and expect good results immediately. Holding Bitcoins and altcoins is not a bad idea but then, they all come with their own levels of risks too, scammers will still strike whether you trade or not. So, if you are scared of taking risks, being committed or being patient, you might not really make it in the cryptocurrency world even if you are not trading because the price fluctuations of most of these coins will demand that you wait for a while or even longer before you start making profits. No cryptocurrency investment is a bed of roses.
Trading is just there; it's up to us if we recognize it positively or negatively. That means, since "Trading" cannot speak, anyone can try it or enter it to do trading activity. You have an interest in learning about trading; of course, you will study it and learn it 100%.
And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
the thing is that some people just don't have the aptitude to trade, you know some people are hot headed where the other are sound minded or at least calm, that might be fundamental difference that might turn into disastrous trading carreer along the way, hot headed people have that behaviour of just going all in because they are tired of losing streak and want to make up for their losses which in turn might make them broke.And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
if someone have the aptitude to trade, then they gonna be among the calmest person there is, making decision on their trading career based on the data and then make decision according to the result of their analysis.
thats why trading might not be for everyone just like how other profession might not be for everyone as well, a surgeon can't be a surgeon if they don't have nimble hand and extensive knowledge that not all people out there can even remember let alone undertstand, so I do agree trading doesn't belong to everyone it just belong to specific, persistence, strong willed, logical people out there that make up probably small amount of the population.
NO, although we can try but only a few stay long while many just quit. This proves that trading is not for everyone nor we can say that everyone can be a trader. Trading is just there but it is also a matter of choice and an individual preference. Some traders make good fortune in trading but some also face the consequences of losing.
If we can see someone had success in this field, we can't assure that we become successful like them and this is because we all are not born with the same passion, interests, and of course, skills.
If we can see someone had success in this field, we can't assure that we become successful like them and this is because we all are not born with the same passion, interests, and of course, skills.
Trading is for everyone, but they have to learn trading first. It is not easy to have good trading skills because it requires a process.
Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
Finding coins that can generate profits is difficult, and not many people can do it. But if they have analytical skills in trading, they can find the right coin. Most people rely on other people to buy their coins, making it difficult for them to make a profit.
Trading needs some important things like it needs knowledge, experience, money, patience, and selection of ideal coins. Everyone can become trader but a successful traders are few because you have to spend years for learning about trading and to become an expert.
Traders have pressure to decide about selling because he select short term coins which rapidly go up and down so a knowledge less person can take entery in trading but success for him will be very difficult if he does not have any experience.
Scams aside, and yes trading can be 'learned' and all that, but to put it simply — trading is not for everyone, just like how dentistry, being a doctor, engineering, etc, is not for everyone. It will simply be for whoever is genuinely interested in it to actually continue learning it for long periods of time.
One man's food is another man's poison, meaning that our likes, passions and what makes us happy are different as individuals, therefore crypto trading is not for everyone. Some might think that it's for them, maybe due to it's hype on social media and they'll think that it's easy, sit in their houses and be making easy money everyday, then they rush and enter, the opposite begins to happen, they lose all their money because of lack of experience. They learn the hard way that trading requires diligently learning the skills to minimize loses, in the end it'll be only those that trading is for them that'll remain, the others will move on to investment that requires lesser skills, or even leave the crypto space entirely. 
Although we can try trading, unfortunately, it doesn't mean that we all become a successful trader for many reasons...
- lack of improvement and market adaptation
- trading behavior problems
- lack of interest
- capital
Some people will think that trading is a good opportunity and so they try. Some went so well and made a fortune in trading but some did not and lost their money.
Those who lack in interest are literally trying it and they don't have no plans to stay there longer. In trading, capital (especially a really good one) is needed here. If one doesn't have that, how can they even try trading? The other first two reasons are only normal for traders who already started and they still can change it, if they are serious on becoming successful. - lack of improvement and market adaptation
- trading behavior problems
- lack of interest
- capital
Some people will think that trading is a good opportunity and so they try. Some went so well and made a fortune in trading but some did not and lost their money.
Some people after having experience in trading become holders because they realize that trading is not for them and know that they are not really capable enough.
In trading, it's still possible for one to wait and it does not mean they are now a hodler or investor but that was interesting if what you said is true. What I only know is that many starts with investing first and later on try trading, once they already gain a good experience. Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.
If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.
The high risk in trading is what makes it bad and unfavorable for everyone to do, so many people have lost their asset due to unskilled trading, that is why trading is not for everyone because it is not everybody that can endure loses, it is not everyone that can have patient and watch price volatility to play with their assets until it is finally in profit or gets liquidated. In words, it can be said that trading is for everyone but realistically it is not every body that attempts trading that can become profitable.
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Most times at the process of learning your trading you make money by holding and after you may have gain your bases then you can fund your account to continue your trading than trying to be in haste to make profits from trading, since everyone is on the move about trading you decided to follow that part with or without knowing trading is not for everyone. You have to discover your place in crypto-space if you noticed you aren't making progress in trading then divert to investment and, you must know the types of coin you will invest.
If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.
Basically trading is not limited to certain person because everyone can get involved in it, because there are no limits to the trading issues we do in crypto. But what becomes a problem is when person don't understand how to trade so it will cause losses when they are involved in it. Learn how to trade first and you can train your skills to become better, trade small amounts first while improving your trading skills, after that you can continue with larger amounts when you understand how.If this post doesn't suits here place call my notice to move it to another place you suggest that is more better.
If we think trading is not suitable after learning to understand how, then it is better to switch to investing because not everyone can understand how to trade well. Meanwhile, when it comes to investing, it is generally easier for person to carry out, they just have to decide which coin is better to invest in.
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