Topic: Does trading belongs to everyone? - page 8. (Read 2052 times)
Nothing good can be done in life without experience but experience is required to get good paying job. Similarly if you want to start trading you must first develop yourself as a skilled trader. To be a skilled trader you need to have a thorough understanding of the trade. Trading is a risky business here the amount of loss will be more than profit if you are experienced in trading and can analyze the market properly then you will be successful only. So expecting profit from trading without experience is nothing but foolishness.
the development of specific mindsets and knowledge such as can develop with experience. Even though it can be learned and understood, practicing it certainly requires sufficient experience to be able to remain calm when taking a position.
however, beginners need a lot of preparation before starting trading. but they also need experience to make them more calm in trading. The best lesson is from experience, although sometimes we can get experience from other people, our own experience is usually easy for us to use as learning material.
First of all, we have to understand what trading is, because now those who have just entered the world of trading have the wrong mindset, so they experience big losses in the end.however, beginners need a lot of preparation before starting trading. but they also need experience to make them more calm in trading. The best lesson is from experience, although sometimes we can get experience from other people, our own experience is usually easy for us to use as learning material.
For those of us who have been here for a long time, of course we understand better about what we should do and what we should not do while we are trading, of course we can do all this because there is a process that takes us in a better direction, one of which is is experience.
With experience, it allows us to be better able to manage everything, such as financial management, emotional management and much more. In any case, we will always be faced with a process, and that process will take quite a long time.
Trading is definitely not for everyone as trading is a matter of great skill and knowledge.
I would not say great skills but specific mindset is needed and knowledge is of course helpful but can be easily gained from online sources and just watching the market everyday.The major mindset change is that when the market is dropping, you should not panic and sell and when the market is rising you should not FOMO and buy. You have to do the opposite to be able to profit. The ones who realize this and are able to execute their trades in the proper lines, will profit.
But this can be understood best with dummy trading on your own if you dont want to risk real money right away.
however, beginners need a lot of preparation before starting trading. but they also need experience to make them more calm in trading. The best lesson is from experience, although sometimes we can get experience from other people, our own experience is usually easy for us to use as learning material.
Trading is definitely not for everyone as trading is a matter of great skill and knowledge.
I would not say great skills but specific mindset is needed and knowledge is of course helpful but can be easily gained from online sources and just watching the market everyday.The major mindset change is that when the market is dropping, you should not panic and sell and when the market is rising you should not FOMO and buy. You have to do the opposite to be able to profit. The ones who realize this and are able to execute their trades in the proper lines, will profit.
But this can be understood best with dummy trading on your own if you dont want to risk real money right away.
Trading is definitely not for everyone as trading is a matter of great skill and knowledge. Whereas with less knowledge and experience the possibility of facing losses is very high. Practically every human being has a special attraction towards money. When they hear that there is a lot of money-making potential in a medium, that the person is usually interested in working there. It is normal but to do that he needs to have a lot of patience, gain a lot of experience and come to a conclusion by analyzing the previous statistics. So when a person comes directly into trading without analyzing all this knowledge, experience and past statistics, he will not be able to come out of it with profit. So to work in trading we must come through a certain process and progress slowly.
We need to learn the skill for us to make money from trading. We can make from trading if we actually leant the skill and we gained a good strategy that would help us in the market to make money from trading cryptocurrency.
There is no guarantee that we are going to make money from trading that is why we keep seeing peopleosing money because the skill is never certain.
That is why trading is not for everyone. Even if you search online, it is one of the hardest job in the world. Because it requires you to be a better person. Not only financially but more of the decision making. You cannot fake success on this game. Here, the only certainty is that you are going to lose money. And with the reward? It depends of what the market could give. You cannot force it. You must have develop patience, self control, and process oriented mindset. And many people aren't willing to put in the work in it. That's why 95% of trader loses money.There is no guarantee that we are going to make money from trading that is why we keep seeing peopleosing money because the skill is never certain.
So all in all, trading is easy, all you got do is learn and study it which will become something that will be a lot more profitable. If you actually learn it then you are going to be a lot better, just keep studying.
Trading usually has the opportunity to earn money in a short period of time, which is why most new members find it right to start trading first. As I am a new member I have some amount of money I started trading with that money. As long as I don't lose my money I won't have any illusions about trading but when I lose money I will have an illusion of money and then we will look at trading hard. I said this considering my personal side. As this happens to me, so will other new members.
As you said in trading there is opportunity to earn money in short period of time if you don't have proper knowledge about trading then you can lose everything in that short period of time which is hard to recover even if you want. Business is the right decision but trading is completely different. Before losing money in trading learn about trading. If you have good experience the risk of losing will be less. 
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.
Recognizing our own abilities is a way that we do so that we don't use them in vain, because without the right knowledge we will never achieve success anywhere. Trading was not created for just one person and anyone can get involved in it, but if people don't want to suffer losses then before trading it is best to study first. If after studying we still experience losses in trading, maybe trading is not the right place and it is better to switch to investing so that we don't experience losses. Trading requires mental strength, trading requires strategy and trading requires the ability to control risk.Apart from the technical things that we really need to learn, the ability to control ourselves is also very important so that we can make good management when involved in it. Progress in trading will be seen to what extent we are able to be involved directly and if it has a negative impact or in other words often experiences losses, maybe trading is not a suitable place for us to do it.
As long as I don't lose my money I won't have any illusions about trading but when I lose money I will have an illusion of money and then we will look at trading hard. I said this considering my personal side. As this happens to me, so will other new members.
We need to learn the skill for us to make money from trading. We can make from trading if we actually leant the skill and we gained a good strategy that would help us in the market to make money from trading cryptocurrency. There is no guarantee that we are going to make money from trading that is why we keep seeing peopleosing money because the skill is never certain.
That is why trading is not for everyone. Even if you search online, it is one of the hardest job in the world. Because it requires you to be a better person. Not only financially but more of the decision making. You cannot fake success on this game. Here, the only certainty is that you are going to lose money. And with the reward? It depends of what the market could give. You cannot force it. You must have develop patience, self control, and process oriented mindset. And many people aren't willing to put in the work in it. That's why 95% of trader loses money.
Trading usually has the opportunity to earn money in a short period of time, which is why most new members find it right to start trading first. As I am a new member I have some amount of money I started trading with that money. As long as I don't lose my money I won't have any illusions about trading but when I lose money I will have an illusion of money and then we will look at trading hard. I said this considering my personal side. As this happens to me, so will other new members.
Trading could look like an opportunity to earn more but it is slow an avenue to lose money too.We need to learn the skill for us to make money from trading. We can make from trading if we actually leant the skill and we gained a good strategy that would help us in the market to make money from trading cryptocurrency. There is no guarantee that we are going to make money from trading that is why we keep seeing peopleosing money because the skill is never certain.
if beginner should stay away from trading then there's no new generation of professional trader in the long run I think trader might come handy and sustainable for people that are really fated for it.
there are so many traders out there that makes millions starting from the very bottom and they accomplish that with hard work and they are just really good at it.
but there are other people that have tried trading, trying to learn all kinds of fundamental technique and still falls short and instead just making miniscule amount of profit if not just having some losses.
those kind of people should rethink their decision and maybe call it a day and move on to investment where they can just relax a bit and let the money work for them.
personally I'm not really good at trading and just choose to invest instead, can't really get used to trading since reading market seems like reading an abstract literature for me where i just don't have idea so there's that.
That's right, if newbies do not trade, then eventually all traders will retire and we will have no more traders at all. We are going to get traders, rich or poor, young or old, doesn't matter who you are you could always be a trader. Obviously the start should be a small capital, because you are a new one and you should not be trading all that much, but that doesn't mean that you shouldn't trade at all, it just means that you should keep the trading to a small capital, and slowly grow that capital.there are so many traders out there that makes millions starting from the very bottom and they accomplish that with hard work and they are just really good at it.
but there are other people that have tried trading, trying to learn all kinds of fundamental technique and still falls short and instead just making miniscule amount of profit if not just having some losses.
those kind of people should rethink their decision and maybe call it a day and move on to investment where they can just relax a bit and let the money work for them.
personally I'm not really good at trading and just choose to invest instead, can't really get used to trading since reading market seems like reading an abstract literature for me where i just don't have idea so there's that.
I have started with less than hundred dollars 8 years ago, today I have cashed out god knows how much from trading. I can easily say that you grow to be better with time if you are consistent at it and try to get better each day.
Trading usually has the opportunity to earn money in a short period of time, which is why most new members find it right to start trading first. As I am a new member I have some amount of money I started trading with that money. As long as I don't lose my money I won't have any illusions about trading but when I lose money I will have an illusion of money and then we will look at trading hard. I said this considering my personal side. As this happens to me, so will other new members.
You are right, trading is not for everyone. Not everyone can earn profit by trading but professional traders can earn profit by trading. Yes, newbies think that more profit can be made by trading, so they face losses by deciding to trade. Trading is risky for beginners because they will not be able to analyze the market properly. It is better for beginners to stay away from trading so it will be better for beginners to invest. I have also traded a few times, but so far I have not been able to make a profit. So I like to invest.
if beginner should stay away from trading then there's no new generation of professional trader in the long run I think trader might come handy and sustainable for people that are really fated for it.there are so many traders out there that makes millions starting from the very bottom and they accomplish that with hard work and they are just really good at it.
but there are other people that have tried trading, trying to learn all kinds of fundamental technique and still falls short and instead just making miniscule amount of profit if not just having some losses.
those kind of people should rethink their decision and maybe call it a day and move on to investment where they can just relax a bit and let the money work for them.
personally I'm not really good at trading and just choose to invest instead, can't really get used to trading since reading market seems like reading an abstract literature for me where i just don't have idea so there's that.
You are right, trading is not for everyone. Not everyone can earn profit by trading but professional traders can earn profit by trading. Yes, newbies think that more profit can be made by trading, so they face losses by deciding to trade. Trading is risky for beginners because they will not be able to analyze the market properly. It is better for beginners to stay away from trading so it will be better for beginners to invest. I have also traded a few times, but so far I have not been able to make a profit. So I like to invest.
It is not for everyone, a lot of traders can be good at the moment but not at all times they're going to stay in trading. When the most recent trades are losses, it's no longer encouraging and that gives the thought for the trader to just stop ATM.
What's good is that, when you're not good in trading there's always the option to become an investor.
Well, because there are so many things that need to be considered, I think not everyone is able to accept this. There are probably a lot of people out there who have tried trading, and come out disappointed. However, everyone can try trading, but I think not everyone will be suited to it. Many people feel that trading can be done by everyone, but in fact, many people do not feel that trading is a detrimental thing. well, as long as they are able to pass several important points such as patience, and other points, I think he will be suitable for trading.
And even those who have experience can still experience failure in their trading, therefore there are many things that need to be prepared in order to trade correctly so that they can make a profit from trading and it will be better for those who are just starting out. of course they have to understand it well so they don't make mistakes that make them lose the money they have in trading and also they have to try first with a little capital so that when they fail they can still learn from the mistakes and correct them until they have the skills trading. 
Trading is not really for everyone. Only people who like to take risk and have the will and ability can trade. Nowadays newbies are more interested in trading rather than investing. I know people around me who are aware of cryptocurrency and when I talk to them about it they say that by trading they can make a lot of money or profit in a short time. But they are not yet fully aware of this matter which is why they talk about trading so eagerly. But they have no idea how much frustration they will face due to not knowing when they start trading. So of course in trading first you need to get a good amount of knowledge about trading and then come to the market.
You are right, trading is not for everyone. Not everyone can earn profit by trading but professional traders can earn profit by trading. Yes, newbies think that more profit can be made by trading, so they face losses by deciding to trade. Trading is risky for beginners because they will not be able to analyze the market properly. It is better for beginners to stay away from trading so it will be better for beginners to invest. I have also traded a few times, but so far I have not been able to make a profit. So I like to invest. 
I support on this your opinion and truly impatient people hardly make progress when it comes of trading. And to add more, impatient people always becomes hopeless since they can't endure to sure things to turns out to be the best over their lives and when their trading exercise is being culture and nurtured correctly you would see them making progress so, even though they lose their lost won't be that much compared to those who aren't patient enough.
Trading is simply not for impatient people. Trading basically isn't an easy job, it requires skills and experience. Moreover, the crypto market is very unstable, it sometimes easily changes. With this condition, the knowledge and experience will be really helpful to determine any decision to be made. If we have no knowledge, how we can be patient in this condition? So that's why almost everyone says that knowledge is the fundamental matter in trading.In addition, we probably won't always get profits in trading. Sometimes we can get losses due to many reasons. If we are impatient people, we may quit trading just in few days or weeks. We will never be experienced traders if we have no patient in trading.
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.
So people that want to trade don’t have knowledge about trading, some of them do see some advertisements on social on how to trade, and how people are making money from trading, so they are being deceived and they also want to trade. Most of the new traders are always looking for trading signals, they just want to make money from trading without learning how to do analysis and trade themselves, and most of those signal providers are scammers. If you want to be a trader and you are not prepared to learn, then you will end up losing money, because if I will be honest, trading is not a easy activity, and it requires constant learning and practicing before you can start making good money from trading.
What you do not know is that they might have made 100 trades, and they may have hit only 20 of them and showing you only those. Or simply yet, they could make leverage trading, with high leverage, and bet on both sides, up and down, which will make them lose money, but would give them amazing profits on one side and loses on the other side and they can only show you the profit parts.
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.
So people that want to trade don’t have knowledge about trading, some of them do see some advertisements on social on how to trade, and how people are making money from trading, so they are being deceived and they also want to trade. Most of the new traders are always looking for trading signals, they just want to make money from trading without learning how to do analysis and trade themselves, and most of those signal providers are scammers. If you want to be a trader and you are not prepared to learn, then you will end up losing money, because if I will be honest, trading is not a easy activity, and it requires constant learning and practicing before you can start making good money from trading.
I support on this your opinion and truly impatient people hardly make progress when it comes of trading. And to add more, impatient people always becomes hopeless since they can't endure to sure things to turns out to be the best over their lives and when their trading exercise is being culture and nurtured correctly you would see them making progress so, even though they lose their lost won't be that much compared to those who aren't patient enough.
Trading is simply not for impatient people. Trading basically isn't an easy job, it requires skills and experience. Moreover, the crypto market is very unstable, it sometimes easily changes. With this condition, the knowledge and experience will be really helpful to determine any decision to be made. If we have no knowledge, how we can be patient in this condition? So that's why almost everyone says that knowledge is the fundamental matter in trading.In addition, we probably won't always get profits in trading. Sometimes we can get losses due to many reasons. If we are impatient people, we may quit trading just in few days or weeks. We will never be experienced traders if we have no patient in trading.
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