It pains me to watch new traders jump in head first without first learning what to do.
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Mostl of them are want to get earn quick they invest wothout proper knowledge and skills to earn profits, the result is losses because of lack of knowledge and skills in trading
many of them are just looking for profits and do blind trading without gaining knowledge , they think that there is easy money in trading and lose there money easily
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Meaning much better to waste time to learn and study to get knowledge than to waste moeny because of greedy. But I believe learning is one of the best key to get success so leaening isn't wasting time it's important to all to get knowledge.
Topic: Traders who never bother to learn how to trade - page 10. (Read 3326 times)
Well, as I can see to those traders who came up into crypto trading that most of them are always in a hurry to get profit,
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.
I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win.
So it's hard to say how to win.
I think he is never learning from the mistake so he cannot make a profit. It will happen if someone doesn't want to learn anything and only depends on what he reads on the news. The news can give the information to us, but we need to search more, and that is why we need to analyze for ourselves so we can determine what is going on the market. He can fix his problem, but only if he wants to learn more about trading, and that will not easy to him as he is hard to learn to trade.
I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win.
So it's hard to say how to win.
If they never learned to trade then they are gamblers and not traders. When you make money from a trade you are taking money from another person so this is a zero sum game overall. Even the best traders suffer a lot of losses but they do everything they can to limit them.
They simply do both and the result is not important for them if they are able to make money. The zero-sum game theory is not the case in trading but it is well explained in gambling-related threads. Expreiecneded traders also have bad days but they learn with their mistakes after cutting loses. Let the winner trades go and cut loss.
I learned jumping at an exchange.
But being wise I did not risk a lot of money. Just a little amount to get some experience into it is really done.
Afterwards, I lose. Took that as a lesson then started getting more information about how to do it right.
I did find a lot here in this forum.
But still, everything is so clear because I jumped first.
It is not that bad to directly go to an exchange and trade but be sure it will not mess up the whole amount for your capital.
But being wise I did not risk a lot of money. Just a little amount to get some experience into it is really done.
Afterwards, I lose. Took that as a lesson then started getting more information about how to do it right.
I did find a lot here in this forum.
But still, everything is so clear because I jumped first.
It is not that bad to directly go to an exchange and trade but be sure it will not mess up the whole amount for your capital.
I am sure that if it was easy to trade, then almost all were successful traders. it is an investor that you can become fairly easy to have a certain capital and know about the prospects of some projects, but trade requires a lot of attention, labor, knowledge and experience.
Its not just "Buy low, Sell high" and it's not just by looking at charts and see a golden cross. It's more than that. Traders can easily earn $1,000 in just a few minutes but they can loose it as well or more than that in a few minutes. You can't just rely on whats out there that is free to read, you also need to spend to learn more to earn more.
I am sure that if it was easy to trade, then almost all were successful traders. it is an investor that you can become fairly easy to have a certain capital and know about the prospects of some projects, but trade requires a lot of attention, labor, knowledge and experience.
They are not traders. I call them "GREEDY INVESTORS".
Its hard to imagine that an average stupid so called trader will get profit even they don't have knowledge on what they are doing. They thought that trading in crypto is like counting 1 2 3 only. This is why most traders are getting a huge lost in trading because they are jumping out without any knowledge. Professional traders right now spent hours watching videos and gaining knowledge about crypto trading so an average trader must do it to in order for him to become a successful one.
Its hard to imagine that an average stupid so called trader will get profit even they don't have knowledge on what they are doing. They thought that trading in crypto is like counting 1 2 3 only. This is why most traders are getting a huge lost in trading because they are jumping out without any knowledge. Professional traders right now spent hours watching videos and gaining knowledge about crypto trading so an average trader must do it to in order for him to become a successful one.
And that's what pump-and-dump groups are still at in even though we are already in 2019. There are a lot of gullible beginners out there, being lured by this group and jumping their head first. And what happened to them after they lost their money? They all blame the ecosystem, bitch around the community that they have lost huge amount of money.
But if you look closely at this noobs, they are doom to lose money anyways, because they don't know what investing or trading is but simply suckered by this group with the promises of big returns.
Most of them learn from their past mistakes, become a good trader, while majority losses trust on the system.
But if you look closely at this noobs, they are doom to lose money anyways, because they don't know what investing or trading is but simply suckered by this group with the promises of big returns.
Most of them learn from their past mistakes, become a good trader, while majority losses trust on the system.
You can't blame the newbies if they just jump into trading without learning how to actually trade because there are traders out there who says that trading is very easy, Buy Low, Sell High, and show off their latest gadgets or perhaps their car. What newbies didn't know is theres more than Buy Low, Sell High. Sometimes its even Buy high, Sell higher. Some newbies would rely on signals, signals that doesnt help at all because they (owners) already positioned themselves before making the announcement.
Most traders will say that trading is extremely hard and when we consider the failure rate which is above 90% then we can say they are right, the ones saying that trading is easy are those which try to promote their exchange, and they do it because most traders lose all their capital in less than a year so they always need new customers, and what can be better than to attract customers with promises of easy money by just buying and selling a volatile coin? So while I understand why newbies may trade without any experience they must realize their mistake after a few days and most of them do not do it until they lose everything.
Personally I never hesitate to learn the trading from my friends or the guys who I introduced after me. When is started initially I was doing the conversion from BTC to USDT.
After that I have started to trade on market price and fixing the price for the the higher expected value.
I used to keep selling profit as 2x times and I was getting that profit also somehow.
After that I have started to trade on market price and fixing the price for the the higher expected value.
I used to keep selling profit as 2x times and I was getting that profit also somehow.
You cannot even call them a trader even if they have accounts in a crypto exchange and they still don't know even a single technical analysis or a trading strategy they can't be traders they are just newbies with an account in a crypto exchange. My advise for newbies is to not get into trading cryptocurrencies first but learn technical analysis as you'll have a better hold into the market once you decided to get in.
I hate those who are too aggressive to money and not patient, life is all about patient and one of the problems that I found with such type of person is lack of patience, they want to quickly make money and so they rush in quickly which makes me to laugh at them when they also rush out quickly in failure. Nothing good comes easily, they think that trade is magic and just the same with long term trade where they just buy and watch the market for a long time, and when the see profit they sell.
They forgot that when it comes to trading, they have limited time to work with and the only thing that can make such time worth it is when they have all the necessary strategies which has to be learned perfectly well before they embark on the journey of trading.
They forgot that when it comes to trading, they have limited time to work with and the only thing that can make such time worth it is when they have all the necessary strategies which has to be learned perfectly well before they embark on the journey of trading.
You can't blame the newbies if they just jump into trading without learning how to actually trade because there are traders out there who says that trading is very easy, Buy Low, Sell High, and show off their latest gadgets or perhaps their car. What newbies didn't know is theres more than Buy Low, Sell High. Sometimes its even Buy high, Sell higher. Some newbies would rely on signals, signals that doesnt help at all because they (owners) already positioned themselves before making the announcement.
If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?
Are you maximizing your time?
Time is indeed money but money cant buy time.If you do tend to reverse such line it isnt really applicable.Its true that there are lots of beginners do see trading as a honeypot and make themselves to be rich on engaging it without any proper preparations or learning where they do end up on frustration because their hopes been broken.Trade results can be seen which will really be motivate you to go into the same path but people gets too confident,they would only realize that they do need soo much thing to learn first before on getting profitable.
That is true. I suppose, those guys who do not want to learn anything about trading and deal with it, are simply self-assured people, who think that they are smart and lucky enough not to get knowledge. Let them do it, and watch how soon they will start asking why they failed in trading. Trading is not excitement or hobby, it is a science and even art.
It's a great article i have found just now. I think every new trader need to read the article at once .However their is nothing makes you profited if you don't learn this .I did the same mistake what you mentioned at the early of your post i putted my capital on the investment without knowing anything as usual i got losses .Then i gradually started myself how to trade with profit. So don't bother to learn trading
When people do face up hardship or failure on first attempt,majority would completely stop and wont turn their back again.Failure in first try cant really be avoided.
If you do really want or like to be a trader then you should face up these trials on early phase because you wont ever learn if you wont accept these things.
No one do start on being a pro,everyone do start into the bottom.
If you do really want or like to be a trader then you should face up these trials on early phase because you wont ever learn if you wont accept these things.
No one do start on being a pro,everyone do start into the bottom.
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I think every trader learn trading by other people experience so they can get a new experience which can help them to start trading. People are learning from reading and watching on many website and practice by trading online in the exchanges. But if the traders don't want to learn about how to trade, they could still hold the coin until the coin price can increase and that is happening in the crypto market. I still learning more about trading because I realize that I don't have good skills in trading, so I need to learn hard, and I believe that will help me to make more money.
You are right, it is very difficult to be a successful trader without having any knowledge about trading. You need to understand how the market can behave and what can follow. If you learn, it will help you avoid many mistakes that you may face.
without knowledge no one will be success anywhere , in trading also many dont understand this and think that its easy money and they jump into trading Jump to: