Reasons for traders to look at! | Bitcointalksearch.org

FanEagle

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Quote from: Danumsigwasan on December 24, 2019, 10:28:00 AM

When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.

So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233

Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.

And sometimes it is best to take a break. I have seen a few people that will start trading and losing, and instead of them to quit and continue another day, they still keep trying and chasing the loss and in the process of doing that they keep losing more and more money which is very bad, and at the end of all that they still don’t achieve anything.

People really should know when to stop trading. If it’s not working out for you today, you should just leave trading for the day and relax your mind to continue another day. Lastly, I would like to say that the fourth reason that was stated in the article from the link you posted, which is Greed, it’s very important that we find a way to get rid of such. Greed is very bad and will lead you to costly mistakes.

mrBTCman

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I like this piece! I should say that I agree that the same reasons are applicable to crypto trading. Honestly, I don’t understand why people keep on making these mistakes while there are so many sources to learn how to avoid them. Shocked

I don’t mean to praise myself but I’ve managed to learn how to adapt to market conditions during the first year of my trading. Now, I can use advanced trading exchanges like https://cexbro.com/ and be confident enough in the process. I guess nearly everyone can make trading effective with enough knowledge.

Kurokonobasuke

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Quote from: Danumsigwasan on December 24, 2019, 10:28:00 AM

When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.

So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233

Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.

Thank you for sharing that kind of article, it is really indeed of those reasons. Many traders may feel that kind of addicting in trading such as "Being motivated with greed" many traders wants to make more money than others so that they'll feel more eagerness to earn in trading. They want to earn faster, so that it may results a big lose of you profit in every trading, it is much better to take things slowly but surely because it may avoid you from being a greedy trader. When you noticed that you start being greed to earn money, try to do other things that lowers your adrenaline in trading such as playing basketball it may help you to relax your mind.

justdimin

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Quote from: davinchi on February 10, 2020, 11:51:16 AM

This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.

There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.

There is still people who talk about "what if I bought at $20k, long term investment wouldn't help me in that situation" to try to diminish the power of long term investing, it turns out tho, they are even wrong about that. How? Well the quick answer is, you would lose less and not profit however that is something better than all other options.

Normally, people who would lose money at $20k, could just hold and sell now and still would lose less than people who would sell at 3 thousand for example, which means if you wait long enough its always better option. Best case scenario is to wait even longer, one day $20k will be broken as well and you will profit, if you bought at any other time in history there is a bigger chance you profiting right now as well, there are very few days in the past 10+ years of bitcoin that was over $10k.

Janation

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Quote from: btc78 on February 11, 2020, 01:28:01 AM

this involved our hard to earn money and just like that we will lose it?not unless that said traders can spend millions of dollars because he can afford so?then why not but for people like me who is looking for investment to earn?no way that will have this mind thing.

Believe me or not but there are a lot of them.

An investor is not always that experienced or knowledgeable, they also have their time where they create mistakes and not think of these things. They think that just by putting your money into Bitcoin, it will create a profit for them in time. They thought that just by putting their money into an investment, it will just provide them a good profit, they do not think of the risk they are taking nor how to minimize that risk.

rodskee

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Quote from: Twentyonepaylots on February 12, 2020, 12:39:52 PM

Quote from: BuxCoin on February 10, 2020, 06:09:42 AM

Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose

This is pretty much given at this point. Being a trader comes with its own pros and consequences that you should be aware of beforehand before taking the bait. If in any case it's way better if we can suggest something like creating a dummy account that you can use to test the waters and particularly tweak objects in your investment strategy that would need further improvement. I believe that is one of the most useful tips and tricks we can give to help a fellow investor here.

I gave my take on this topic based on experiences that helped me build myself as an investor. I hope this works for you too.

you got it correctly mate because that is why we have options to choose on what kind of investors will fits Us.
because it is not easy to deal with daytrading since most of the failed investors here do that trading by Day and it is not easy.
best option to deal in crypto investing is Semi long term holding or Long term because in this we can minimize the chance of losing because we can take time to decide and wait,the only problem is if there are emergencies occur along the way that we need to dispense our holdings earlier than expected.

Twentyonepaylots

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Quote from: BuxCoin on February 10, 2020, 06:09:42 AM

Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose

This is pretty much given at this point. Being a trader comes with its own pros and consequences that you should be aware of beforehand before taking the bait. If in any case it's way better if we can suggest something like creating a dummy account that you can use to test the waters and particularly tweak objects in your investment strategy that would need further improvement. I believe that is one of the most useful tips and tricks we can give to help a fellow investor here.

I gave my take on this topic based on experiences that helped me build myself as an investor. I hope this works for you too.

btc78

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Quote from: BuxCoin on February 10, 2020, 06:09:42 AM

Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose

i don't think there is stupid trader that will have this mindset?doing nonsense and earning?lol even noob will not fall from this foolishness.

this involved our hard to earn money and just like that we will lose it?not unless that said traders can spend millions of dollars because he can afford so?then why not but for people like me who is looking for investment to earn?no way that will have this mind thing.

MWesterweele

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Quote from: davinchi on February 10, 2020, 11:51:16 AM

This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.

There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.

There is no rush thing in trading , we need to put everything in a process wherein, understanding the market, how to trade effectively will be improve once we now be able to learn it, few more years and few more losses is a part of the game and part of the trade, just understand everything and it would be worth it, a lot of patience is really needed, not only skills nor knowledge , all of them is needed.

LUCKMCFLY

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For speculative markets such as crypto, stock market, forex, any type of technique or methods are fully applicable according to the trader at your disposal and according to what you want to believe and apply. The reasons why the crypto market is giving so much to talk about is due to its high transfer facilities and that from one moment to another it can be worth a lot, where volatility can be used for or against our movements. In any market there are gains, losses, Strong Hands and without a doubt many times the market moves by emotions and fundamentals.

KnightElite

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Quote from: davinchi on February 10, 2020, 11:51:16 AM

This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.

There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.

For those wanna be traders who thinks that they can easily learn trading in just a day are dumbs and idiots, trading is a process; you cannot learn all the information in just a day or even weeks. We need passion and commitment in order to become professional or a sucessful trader. Those professionak trader have sleepless nights and sacrifices in order to reached that kind of level. I've been trading for years but still I'm a average trader and I still need to study in order to increase my knowledge and develop my skills.

Baoo

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For me, being confident is very essential in trading but when it is too much (Over-confident ) then it will probably affect you negatively especially in your financial income. In addition to that, the market conditions are always changing from the best to worst, but you need to analyze every event and then deal with it smartly and without rushing. Furthermore, I am pretty agree with the third point, being greedy is one of main reasons that leads to financial losses, you sould control yourself especially in the worst moments.

davinchi

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This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.

There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.

BuxCoin

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Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose

SquallLeonhart

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Quote from: FinalFury on February 08, 2020, 08:08:19 PM

Quote from: drachman on January 11, 2020, 10:47:22 PM

Quote from: FinalFury on January 08, 2020, 07:33:06 PM

The problem with me is that I start feeling guilty thinking that my gain was somebody else's painful loss.

Unless you scammed someone then you should not feel sorry or guilty about your profits, if you are going to use that kind of thinking then you should feel guilty about every single dollar that you get, after all if you work hard at your job and your boss pays you then he is losing money in order to pay you and yet you do not feel guilty about being paid for your job don't you? This is the same, if you do a good job in the markets then you are going to get paid but if you don't then you are the one that needs to pay the market.

Funny, I was thinking about this today. What I feel guilty, I guess you can say sorry for people who are new to this, don't know much and innocently lose their money. Or people who had no idea of crypto being told by a friend or family member to invest in this, they trusted them and then lose it all. Like I feel really bad for such people, and the regret that they must feel.

You should not feel sorry for such people. There is nothing you can do in this situation. There are a lot of people who would follow the instinct with just few details and that is what derives a lot of new investors to invest in bitcoins just because they were been suggested to invest. In this situation, they would never consider the current price and would enter the markets at any price they feel convenient.

Majority of such traders end up buying at the peak and that is what makes them bear the loss. Any kind of investment should be treated a lot cautiously as there is no way in this entire globe where you could simply earn benefits just for the capital you invest. You also have to use your brain in such investments.

FinalFury

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Quote from: drachman on January 11, 2020, 10:47:22 PM

Quote from: FinalFury on January 08, 2020, 07:33:06 PM

Quote from: Capt00 on December 27, 2019, 05:48:44 PM

Quote from: FinalFury on December 27, 2019, 11:56:25 AM

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

Not everyone did best and that is why others will fail. The real thing that may happen in crypto trading is that someone will suffer losses while the others will win. If we feel that we are not happy with the results, think also the reason that causes such negatives and you'll find the solution that could help to fix it otherwise, you'll still be a loser until the end.

The problem with me is that I start feeling guilty thinking that my gain was somebody else's painful loss.

Unless you scammed someone then you should not feel sorry or guilty about your profits, if you are going to use that kind of thinking then you should feel guilty about every single dollar that you get, after all if you work hard at your job and your boss pays you then he is losing money in order to pay you and yet you do not feel guilty about being paid for your job don't you? This is the same, if you do a good job in the markets then you are going to get paid but if you don't then you are the one that needs to pay the market.

Funny, I was thinking about this today. What I feel guilty, I guess you can say sorry for people who are new to this, don't know much and innocently lose their money. Or people who had no idea of crypto being told by a friend or family member to invest in this, they trusted them and then lose it all. Like I feel really bad for such people, and the regret that they must feel.

huige007

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Quote from: RealMalatesta on January 12, 2020, 02:12:57 AM

Quote from: DevilSlayer on January 09, 2020, 11:12:34 PM

There are risks in every investment, in order for us to gain profit we should handle the risks first. In cryptocurrency trading there are many risks, we cannot guarantee 100% winning rate because of the volatility of the cryptocurrencies. We can identify the perfect entries and exits in the market if we will use technical analysis but there are times that our biased did not get along, what I mean is loss is inevitable in trading.

If predicting loss was that easy I am sure none of the traders would actually have to undergo any losses. Peoples have different strategies which makes them able to trade and have profits and with deep TA we can really make sure we do not go for loss buy building exact entry and exit points for us but it might not always go according to our research.

Cryptocurrencies have a volatile nature and trading with them might give us huge profits as compared to forex trading but the amount of loss too remains constant because of their volatile nature the price can quickly move up as well as it can even move down at the same speed. Analyzing forex markets is easy and it might also give us profits because of them being centralized and those markets are not that volatile as the cryptocurrency markets.

Cryptocurrencies have volatile nature. This is advantageous sometimes and could become a reason for loss as well. Actually volatility of the coins is a necessity of the digital market. Constant prices are not preferable when utilization is to be done at such a large scale. Moreover cross border transactions occur very commonly that serve as a balancing factor that keeps the things moving smoothly.

Mumbeeptind1963

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Quote from: ufaiz50 on January 09, 2020, 09:51:01 PM

Although these 4 reasons are true, but how can we avoid that is a very difficult lesson. Still when in the market traders often do this reason, even though the trader understands why he doesn't make money from forex trading. Anyways trading needs a lot more information than that, if I trade I have to rely on analysis rather than reasons why you can't generate profit.

Market are very unstable, many uncertain things are happening, we cannot conclude what will be happen for the next 24hrs or an hour, we should also consider that this year halving will expectedly to happen, expect some bitcoin price correction as well. Traders needed to accept failure to predict coin prices especially for the beginner.

RealMalatesta

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Quote from: DevilSlayer on January 09, 2020, 11:12:34 PM

There are risks in every investment, in order for us to gain profit we should handle the risks first. In cryptocurrency trading there are many risks, we cannot guarantee 100% winning rate because of the volatility of the cryptocurrencies. We can identify the perfect entries and exits in the market if we will use technical analysis but there are times that our biased did not get along, what I mean is loss is inevitable in trading.

If predicting loss was that easy I am sure none of the traders would actually have to undergo any losses. Peoples have different strategies which makes them able to trade and have profits and with deep TA we can really make sure we do not go for loss buy building exact entry and exit points for us but it might not always go according to our research.

Cryptocurrencies have a volatile nature and trading with them might give us huge profits as compared to forex trading but the amount of loss too remains constant because of their volatile nature the price can quickly move up as well as it can even move down at the same speed. Analyzing forex markets is easy and it might also give us profits because of them being centralized and those markets are not that volatile as the cryptocurrency markets.

drachman

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Quote from: FinalFury on January 08, 2020, 07:33:06 PM

Quote from: Capt00 on December 27, 2019, 05:48:44 PM

Quote from: FinalFury on December 27, 2019, 11:56:25 AM

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

Not everyone did best and that is why others will fail. The real thing that may happen in crypto trading is that someone will suffer losses while the others will win. If we feel that we are not happy with the results, think also the reason that causes such negatives and you'll find the solution that could help to fix it otherwise, you'll still be a loser until the end.

The problem with me is that I start feeling guilty thinking that my gain was somebody else's painful loss.

Unless you scammed someone then you should not feel sorry or guilty about your profits, if you are going to use that kind of thinking then you should feel guilty about every single dollar that you get, after all if you work hard at your job and your boss pays you then he is losing money in order to pay you and yet you do not feel guilty about being paid for your job don't you? This is the same, if you do a good job in the markets then you are going to get paid but if you don't then you are the one that needs to pay the market.

Topic: Reasons for traders to look at! (Read 1220 times)