Topic: The Best Time to Become a Trader - page 14. (Read 28863 times)

Making mistakes people get experience. The main thing is that the error does not deprive the person of all money and the desire to continue trading. You always need to be prepared for a mistake. And you can start trading without knowledge. They will appear later, in the process of trade

“Soon, though, I became aware that there was an even bigger game available to players like me. It was, in fact, the biggest game in town -- the international financial markets. So my interest shifted from playing cards to playing the markets.” - James Frazer

Someone in a West African country - a young man - had exhausted all means of getting a reliable livelihood, including hard manual labor. He resorted to commercial motorcycle riding. At least, he was able to get some money to feed his family.

One day, he’d a near fatal accident, and got confined to bed for weeks. I thought he’d never go back to commercial bike riding. I was wrong! Since he thought he’d no alternative, he went back to that job.

The young man went back to a job that nearly claimed his life because he’d no alternative; yet many quit trading because they lost negligible amount of money. People suffer ignominious defeat in other areas of their life and careers, and they don’t see any big deal in that. Nonetheless, they see a big deal in trading losses and they think there are better alternatives.

There are many people who tried to discourage me from trading when I started. These were people who were considered intelligent and successful in other fields, like religion, education, politics, etc.

For example, one respected religious man told me that he didn’t want to become a trader because he knew those who wanted to make heaven shouldn’t trade. What a totally wrong opinion about trading? That statement could discourage ignorant people from attaining their potential as traders. The man later sent me a personal email, asking me to remove him from my mailing list because he wasn’t a “businessman,” and he wasn’t interested in trading. I quickly removed him from my mailing list. He later blocked me on Facebook because he didn’t want to see some of my posts, which obviously related to trading. 

I wasn’t deterred by his actions, for I knew his actions were also lined with envy. I knew he wasn’t the one to feed me or carry my responsibilities for me. He’d his own responsibilities and he’d even be glad if someone like me offered him some cash.

Years later, the same man was surprised that I’m still a trader, with a measure of success. I even sent him some money recently. He was grateful for the gift. 

When Should You Become a Trader?
Now is the time for you to decide to become a trader. You chances of success are greater than you can imagine.

How can this be possible? I’ll reveal the secrets in my coming articles.

Most people come to trading as a last resort: When they’re completely down, when they’ve nothing to rely on and they’ve exhausted other possibilities. This is a wrong time to become a trader, since the financial pressure on you would make it impossible to trader with sane logic and rationality. 

It’s better for you to become a trader when you’ve another sources of income. When you know that some initial challenges you encounter wouldn’t endanger your wellbeing (and perhaps, that of your family).

When you’re supported by your family, your life as a trader would become easier. Joe Ross, a trading veteran, once said his wife suggested that he write down what he knew about trading so that his children could learn in the event they ever wanted to take up trading. What he wrote at that time became his first book. Joe Ross clearly had support from his family. What a blessing!

Don’t Give Up Trying to Become a Successful Trader
Several years ago, when I encountered initial challenges in trading, I was tempted to give up. However, I was lucky to come across some things that encouraged me to keep on going. I knew I’d no better alternatives than trading. Now I’m happy to be a trader. I can only look forward to a brighter future.

Trading success is sweet, liberating and enriching. There are numerous known and unknown traders all over the world, who make decent profits on monthly and annual basis. They won’t exchange this wonderful privilege for anything! By not giving up trying to become a successful trader, you’ll soon experience the joy of financial freedom that comes with trading.

Conclusion: Many a good trader has survived the point at which chicken-hearted people quit, and has been rewarded. If we also imitate such determined traders, we’d survive whatever the hurdles we come across and we’ll enjoy rewards greater than what people think we can enjoy.

This article is ended with the quote below:

“Roald Amundsen says: Adventure is merely bad planning. I have talked about Amundsen before and focused in particular about how his success as an explorer was a function of his obsessive planning. What strikes me about people who are successful in very difficult fields is that they all share similar traits, attributes or philosophies.  Much the same could be said about traders and trading/. If you are find trading an adventure or it is exciting/stressful then you are most likely doing it incorrectly.” – Chris Tate (Source: Tradinggame.com.au)

Mistakes are okay for a newbie because that will serve as a source of them to be prepared in trading because mistakes means lesson and lessons will give you a lot of knowledge so there is no worries if newbies get mistakes or even us, average traders always get mistakes but it is alright because we can still make money if we just continue trading and make those mistakes as a lesson or basis when trading.

Mistakes are okay for a newbie because that will serve as a source of them to be prepared in trading because mistakes means lesson and lessons will give you a lot of knowledge so there is no worries if newbies get mistakes or even us, average traders always get mistakes but it is alright because we can still make money if we just continue trading and make those mistakes as a lesson or basis when trading.

I agree, it depends on the person itself, the best time to be a trader is when you feel that you are ready and prepared to enter the world of trading. that means you are willing to learn more about it and ready to invest your money whatever the outcome and even its risky. as a newbie its fine to make mistake because from that mistakes you will learn how to be a good trader.

I'm not knowledgeable yet about in trading, but everything in trading was started all to basic stage of learning.
Aside from that, in this industry for you to become a trader you must be prepare and know what tools you are going to use
if your in the actual form of trading.

Being prepared is one of the things that a starter need to remember because if the person that want to become trader is didn't prepared very well then his trading performance will be not that good and more often lead to loss of trades and money. Anytime is the best time to become trader but it always depend on the person preparedness.

Why you guys so complicating about bitcoin trading. Simply if you do trading in offline or in online websites such as localbitcoins, coinbase, yobit, polenix and more. Bitcoin price is volatile atleast little in the chart. This will makes you see profit in the your trading wallet. buy bitcoins as much you can now and sell in the end of every year. You will get profit for sure.

Yes , so its all being prepared needed all aspects money ,money and your capability to learn new things .Trading not needs any tools you need only to experience and make adjustments so you can learn from any mistakes that you are going to experience. First you need to research on what coin you will invest .Lack of knowledge about what coins to buy is the most common mistakes of a newbie the result they go along with panics with their emotions is it common but you can lessen if you know the potential of a coin.

Actually, there are some platforms that allow you virtual trading, where you can test you knowledge and your skill in trading without spending any dime just so you can get your feet wet in the market, and I found this really helpful especially for those who have no skill in it, because it guides you through the basics of trading, and prevents you from doing bad decisions that otherwise will prove to be a costly lose in the real market.

Being prepared is one of the things that a starter need to remember because if the person that want to become trader is didn't prepared very well then his trading performance will be not that good and more often lead to loss of trades and money. Anytime is the best time to become trader but it always depend on the person preparedness.

I'm not knowledgeable yet about in trading, but everything in trading was started all to basic stage of learning.
Aside from that, in this industry for you to become a trader you must be prepare and know what tools you are going to use
if your in the actual form of trading.

Yes. We need to start with a small capital that is not terrible to lose, but also to ensure that the funds remain. Before you start, you need to learn the most important principles of trade.

Any time we can become a trader. A trader is he who can work by calculating profit margins from the sale and purchase.
Everyone can do it, most importantly they have a careful thought and also act calmly.

Yes. We need to start with a small capital that is not terrible to lose, but also to ensure that the funds remain. Before you start, you need to learn the most important principles of trade.

Well.. i think the best time to become a trader is right now, don't wait until you are retire from your job. Because becoming a successful trader needs time for learning strategy of trading until you get income from trading.