Reasons for traders to look at! - page 2.

redsun114

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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.

Traders need to be patient. There are a number of points traders need to follow in order to have any profits from the trades. All the 4 points mentioned over the source you mentioned are true and they need to be followed but any trader can't just start trading considering those 4 points. traders need to experience few things on their own and they also do need to have some loss in order to gain knowledge about what trading actually is.

Trading has huge profits and it is what makes a lot of peoples make mistakes like overtrading, etc which each time lands them into loss. Human nature has a greedy base and no matter how intelligent we become, we always have that greed somewhere in our minds making us cause some of those mistakes.

Oceat

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Quote from: leyton11 on January 10, 2020, 12:33:00 PM

In many tips, I find that discipline is very important. In the above article also mentioned mentality stability and the best state. We should keep the best attitude to be able to trade in the most alert way. in fact, you are dealing with as the experts did, but what we lose in them is psychology and discipline. This is the quote that I feel makes the most sense for this trade. So please plan and discipline before trading.

I do agree but most importantly, everything is still needed for a trader to succeed. Trading is a complex job just like how gambling works. Some will be able to master trading on their own because it requires a lot of patience and endurance when trading. Applying different techniques and strategies to suit what's best for your trading strategy.

target

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Quote from: radjie on January 10, 2020, 12:22:15 PM

Quote from: MWesterweele on January 09, 2020, 03:44:33 PM

Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

This is the most importanf thing for me, because with this it can change everything, we can win or we can lose, a proper mindset is needed for us to make a right choice in everything. Trading and gambling needed a healthy mind so that we cannot lose our money just because of our emotional capability. This must be considered.

having emotional control in trading is very necessary to be able to make the right decision when to make purchases and sales at the specified price to get profits and avoid losses. if we trade without emotional control, of course it will be easy to become a greedy trader, because in his mind only always expect big profits, but does not take into account the risks to be faced

Overtrading I think is a result of being emotional when it comes to a trader who just lost some money they tend to become aggressive to trade fast like in 5 minute chart. I find it difficult in this level unless you are too good to monetize the leverage you got being a scalper. Its best yo check the charts in lower time frame from daily to weekly to identify where the market is going for the whole week.

leyton11

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In many tips, I find that discipline is very important. In the above article also mentioned mentality stability and the best state. We should keep the best attitude to be able to trade in the most alert way. in fact, you are dealing with as the experts did, but what we lose in them is psychology and discipline. This is the quote that I feel makes the most sense for this trade. So please plan and discipline before trading.

radjie

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Quote from: MWesterweele on January 09, 2020, 03:44:33 PM

Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

This is the most importanf thing for me, because with this it can change everything, we can win or we can lose, a proper mindset is needed for us to make a right choice in everything. Trading and gambling needed a healthy mind so that we cannot lose our money just because of our emotional capability. This must be considered.

having emotional control in trading is very necessary to be able to make the right decision when to make purchases and sales at the specified price to get profits and avoid losses. if we trade without emotional control, of course it will be easy to become a greedy trader, because in his mind only always expect big profits, but does not take into account the risks to be faced

DevilSlayer

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Quote from: marcous on January 09, 2020, 10:58:06 PM

Quote from: AniviaBtc on December 24, 2019, 02:20:28 PM

Quote from: pajak666 on December 24, 2019, 12:40:27 PM

Quote from: panganib999 on December 24, 2019, 11:02:31 AM

Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.

Greed and boosted ego aren't necessarily the same thing. You can do many greed mistakes while still being not being overconfident at all. Also being skewed with your confidence doesn't mean you will be greedy. As said, it's most important to take the learning process slow and use the smaller possible amount of money that makes you 'feel' the loses but is not gonna make you broke if you had to reload a few times. You will not become good trader working on millions if you can't profit on $10 first. Also the best thing is you can get the experience and knowledge that will grant you good position in the industry without even risking a dollar while learning. Paper trading as much as it is boring, is the best teacher out there.

I think greed and boosted is the same because these are both urging you to trade more and more without thinking. You should need to think first even if you're on fire trading a certain amount of money. You don't need to rush because the more you rush, the more you will lose.

Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.

Trading not only requires experience or skills. But your target is managing profit or loss.Forex/Crypto trading actually has a risk. and we need to remember that most successful traders are usually lulled and feel in a comfort zone with the profits they always get so that they generate greed to get more profit.. prepare your mind before you trade, always remember risk management

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.

marcous

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Quote from: AniviaBtc on December 24, 2019, 02:20:28 PM

Quote from: pajak666 on December 24, 2019, 12:40:27 PM

Quote from: panganib999 on December 24, 2019, 11:02:31 AM

Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.

Greed and boosted ego aren't necessarily the same thing. You can do many greed mistakes while still being not being overconfident at all. Also being skewed with your confidence doesn't mean you will be greedy. As said, it's most important to take the learning process slow and use the smaller possible amount of money that makes you 'feel' the loses but is not gonna make you broke if you had to reload a few times. You will not become good trader working on millions if you can't profit on $10 first. Also the best thing is you can get the experience and knowledge that will grant you good position in the industry without even risking a dollar while learning. Paper trading as much as it is boring, is the best teacher out there.

I think greed and boosted is the same because these are both urging you to trade more and more without thinking. You should need to think first even if you're on fire trading a certain amount of money. You don't need to rush because the more you rush, the more you will lose.

Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.

Trading not only requires experience or skills. But your target is managing profit or loss.Forex/Crypto trading actually has a risk. and we need to remember that most successful traders are usually lulled and feel in a comfort zone with the profits they always get so that they generate greed to get more profit.. prepare your mind before you trade, always remember risk management

drlukacs

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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.

yes yes! I was really absorbed in the psychology that I created during the first months of trading. I had lost quite a lot in the first period due to trading with an unstable mentality. I remember that in just 3 days when I correctly predicted the price of bitcoin to rise from $ 6k5, I turned my account up by over 300%. but with the overconfidence mentality that the article mentioned, I lost nearly half of what I earned after only 3 hours. This article really helps me to remind myself of my mistakes and help me better in the coming transactions. Thanks very much.

Savemore

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Quote from: MWesterweele on January 09, 2020, 03:44:33 PM

Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

This is the most importanf thing for me, because with this it can change everything, we can win or we can lose, a proper mindset is needed for us to make a right choice in everything. Trading and gambling needed a healthy mind so that we cannot lose our money just because of our emotional capability. This must be considered.

Controlling our own emotions and feelings are what we need. Even if if we are good in fundamental and technical analysis but we are luck in controlling our own emotions, we will still fail. In order for us to successfuly execute our trades then we should focus on improving our trading psychology. It is one of the most important thing that we should improve.

ufaiz50

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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.

Hypnosis00

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Quote from: MWesterweele on January 09, 2020, 03:44:33 PM

Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

This is the most importanf thing for me, because with this it can change everything, we can win or we can lose, a proper mindset is needed for us to make a right choice in everything. Trading and gambling needed a healthy mind so that we cannot lose our money just because of our emotional capability. This must be considered.

Focus is what we need and it follows a positive mindset. Anyhow, emotions are the rival thing in trading and you'll certainly out from focus if you allow these emotions controlled us. Handling these things is a step by step, you can't go over the top without struggling difficulties and have it settled down pretty quick will absolutely help us out from suffering big losses and get what we aim for.

MWesterweele

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Quote from: acdc on December 24, 2019, 12:25:20 PM

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

This is the most importanf thing for me, because with this it can change everything, we can win or we can lose, a proper mindset is needed for us to make a right choice in everything. Trading and gambling needed a healthy mind so that we cannot lose our money just because of our emotional capability. This must be considered.

FinalFury

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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.

Xxmodded

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Quote from: drachman on January 07, 2020, 08:17:00 PM

Quote from: dunfida on January 02, 2020, 10:16:56 PM

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

As long as you are getting profits then whatever you are doing is fine, one of the things most people do not like about this market is that it is a complete meritocracy, you cannot tell the market to do what you want, you can either predict what the market will do and get profits out of it or you do not, and if cannot then you have no business being here because even if you try to trade the market will take all your money, but if you can then you will be part of the minority of traders that eventually will make a fortune thanks to their knowledge.

When getting profit what ever you said for beginner and many other trader they will trust with your words, but although you are an expert but you miss chance for predicting bitcoin and altcoin based on your price maybe they will not respect anymore whit your words again, depend how lucky you are for getting back responsibility and respect form another people.

Lanatsa

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Quote from: Janation on January 07, 2020, 08:34:54 PM

Quote from: Negotiation on January 07, 2020, 07:15:53 AM

You need to try to become a successful business by eliminating negative thoughts and applying reality.

If you didn't know, the reality is full of negativities that will eat you up.

It is not always that negatives come your way, it is a part of your life and it will depend on how you will be controlling that into your advantage. If you want to be a successful businessman or entrepreneur, you need to work hard, and that is not just physical work but mental and emotional too. You also need to be educated so that you know what you are doing and what might happen. A lot of things that will happen will depend on how you would be handling things so you need to decide very carefully.

This isnt only applicable only on business but in all sorts of factors that is needed in your life not only limited to career but also in other aspects of life and all things that you are involve into.It all needs learning and adjustments for you to succeed.When it comes to trade then this isnt a simple thing
and it do takes time and effort for you to learn everything.

Life is indeed full of negativity and if you cant able to handle it well and goes to opposite way then it would be a problem.

Janation

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Quote from: Negotiation on January 07, 2020, 07:15:53 AM

You need to try to become a successful business by eliminating negative thoughts and applying reality.

If you didn't know, the reality is full of negativities that will eat you up.

It is not always that negatives come your way, it is a part of your life and it will depend on how you will be controlling that into your advantage. If you want to be a successful businessman or entrepreneur, you need to work hard, and that is not just physical work but mental and emotional too. You also need to be educated so that you know what you are doing and what might happen. A lot of things that will happen will depend on how you would be handling things so you need to decide very carefully.

drachman

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Quote from: dunfida on January 02, 2020, 10:16:56 PM

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

As long as you are getting profits then whatever you are doing is fine, one of the things most people do not like about this market is that it is a complete meritocracy, you cannot tell the market to do what you want, you can either predict what the market will do and get profits out of it or you do not, and if cannot then you have no business being here because even if you try to trade the market will take all your money, but if you can then you will be part of the minority of traders that eventually will make a fortune thanks to their knowledge.

wajik-tempe

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Quote from: Shimmiry on January 07, 2020, 08:49:57 AM

That was a quite helpful link, thank you. Yes, trading was indeed a way to atleast gain income that you can control and somehow be manipulate when to buy and sell and how much profit your prediction can reach. But, as stated in the article, it would most likely to drive us onto something bad such as greed and overspending in trades. Hence, I would still prefer Holding for a long time or trading with a huge selling limit than to trade daily.

I think it depends on the coin where we choose to hold long time or doing daytrade because there are some coin that have potential to down and up so quickly so we could try to make profits daily, and also there are some coins that have potential in the future years and we'll hold it for a long time

Apened

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#1 and 4 for me, this leads to a loss because of overconfident in trading i also experience that feeling when i won trades consecutively and after having such good amount of profit i started to trade and add more amount to trade and the result was loss that day, Overconfidence may lead to that kind of trading, and also it is connected to the #4 which is greedy if you are making profit the tendency is being more greedy on trading.

Shimmiry

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That was a quite helpful link, thank you. Yes, trading was indeed a way to atleast gain income that you can control and somehow be manipulate when to buy and sell and how much profit your prediction can reach. But, as stated in the article, it would most likely to drive us onto something bad such as greed and overspending in trades. Hence, I would still prefer Holding for a long time or trading with a huge selling limit than to trade daily.

Topic: Reasons for traders to look at! - page 2. (Read 1220 times)