Topic: I fail in trading - page 43. (Read 25128 times)
You are not alone buddy..) many traders when begin to tade pass throug failing, its normal... i recommend you not to trede but invest in perspective coins, you will be rewarded in near future...
I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
I tried one but I falied. There is something I don’t know? Please tell me more.
Well you already made a good start - "to experienced failure". Failure is a good teacher so I do hope that it just didn't dampen your journey, but look at it in more positive way.
I guess if you really wanted to be good in trading, or for any other job, you will word hard and have patience. I won't even give you trading advise because I'm sure that I'm not in the best position to do so, but just try to improved and evolved and just continue to go on your journey.
I tried one but I falied. There is something I don’t know? Please tell me more.
What you need to know is: being new in trading is almost always a failure. You don't expect to make money as a trading beginner anyway. You trade as a beginner to gain knowledge and experience, so as you learn, you hopefully gain enough experience and knowledge to actually make a profit in the future.
Be patient with the process. Study. Study. study. There's no other way around it.
First of all, let me say that probably 90-95 percent of all traders fail. This is especially true at the beginning.
IMO, there are basically 2 reasons why traders fail:
1. not enough knowledge, for example, about technical analysis, how to trade, when to trade, and so on.
2. wrong mental attitude, and other things related to person's character and psychology.
The first thing you can learn more easily. There are so many online courses, videos, and other free material that you can learn all that if you have a strong desire.
The second thing has to do with your character and psychology. I recently started a thread discussing this point you might find useful:
https://bitcointalksearch.org/topic/youtube-video-the-10-minute-talk-every-trader-needs-to-hear-5046029
IMO, there are basically 2 reasons why traders fail:
1. not enough knowledge, for example, about technical analysis, how to trade, when to trade, and so on.
2. wrong mental attitude, and other things related to person's character and psychology.
The first thing you can learn more easily. There are so many online courses, videos, and other free material that you can learn all that if you have a strong desire.
The second thing has to do with your character and psychology. I recently started a thread discussing this point you might find useful:
https://bitcointalksearch.org/topic/youtube-video-the-10-minute-talk-every-trader-needs-to-hear-5046029
I’ I have heard some experienced trader said that I should learn and read more before start, and also get some experience.
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I tried one but I falied. There is something I don’t know? Please tell me more.
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I was starting to watch CryptoJack recently and I think it would be a great video to start up although there were some comments telling the flaws of the tutorial. It led me to daytrade in my preferred exchange site which is Binance. While I don't recommend his YT channel that much yet until I learned that something is wrong from his tutorial in "my opinion", it would still be worth your minute to feel at least the UIs and the basics.
I’ I have heard some experienced trader said that I should learn and read more before start, and also get some experience.
That is the way to success in any venture.
There are lots of helpful information and tips here.
There are also videos on YouTube. You can use 'trading for beginners as a search word'.
Consume as much knowledge as possible.
Experience can only come with practice, and you would probably boy like to lose while learning (this us sometimes inevitable). You can practice using demo trading.
Demo trading can only be helpful of you handle it with as much seriousness as you would when live.
Do no fund more than you actually can.
If you plan to be a $50 trader (for a start) then practise with that amount. And learn how to manage it.
I tried one but I falied. There is something I don’t know? Please tell me more.
A lot if traders failed at some point, but those were steps on the road to success.
• look for where you went wrong
• Change a strategy that doesn't work
• Look for an alternative
• And never make excuses, ever.
• Always invest what you can afford to lose
• And plan for the long-term, I believe you would want to be an established trader, and not just stumble on a few profits amidst losses.
Have a game plan, and stick to it. That way you can more easily take losses and errors as lessons and not the end of the road.
I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
I tried one but I falied. There is something I don’t know? Please tell me more.
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