Topic: Traders who never bother to learn how to trade - page 7. (Read 3307 times)

Not all. Me too is joining some  trading sginal group,  but it does not mean I always follow their trading forecasts. I do my own research and analysis, and if they coincide with their trading signals, then I am confident that a higher percentage of my analysis will happen.

This group can be a good basis to think but not always a good trading advise, you have to DYOR always.

It pains me to watch new traders jump in head first without first learning what to do.

Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.

Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.

My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.

She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.

If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

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?

Even if it's a paid trading group, i wouldn't put trust in it as well. All these groups have one thing in mind, which is to get as much money from mostly newbie traders. If you're not into studying and researching what you're going to get yourself into, better stay away from trading. There are a lot of ways to easily lose your money if you're that lazy.

Even if it's a paid trading group, i wouldn't put trust in it as well. All these groups have one thing in mind, which is to get as much money from mostly newbie traders. If you're not into studying and researching what you're going to get yourself into, better stay away from trading. There are a lot of ways to easily lose your money if you're that lazy.

This is the reason why some traders are joining some pump and dump scheme group and not willing to learn and grow their knowledge when it comes to trading. That's why more and more people are falling into the scam of this groups and it cannot be lessen until they realist on what they're are into. And realizing until they are on that situation or already been scammed.

And you know that traders are into profit so they will take the risk and thinking that they will learn a lot by just buying and selling a crypto and they didn't realize that you need to study and analyze the market flows before investing.

Indeed. A trader should not go for the same strategy all over again, a good trader should always strive for continuous improvement that he always seek for a new learning. You will not meet your expectations when it comes earning huge profit, if do not work harder and go further in making yourself a good in trading.

I would call this a typical human factor. 90% of people are lazy, they do not strive for constant development, they do not strive for continuous improvement of themselves.
Therefore, those people who go into trading, for the most part, are those people who want to make money simply and quickly.

They think that trading does not bode well, they think that trading is easy and profitable. But faced with reality, they quickly realize that their expectations were very far from the real situation.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

where did this number 96% come from?
This statement of 96% or 95% of people fail in trading is one of the biggest myths spread around the traders.
Furthermore, the cryptocurrency trading market must be different from forex trading or stocks.
I trade bitcoin and some altcoins, but never lose money, although there are some who lose money but most of my friends in profit as well.
You know, to make a profit in trading, you don't need to be a good trader, just follow some good traders to obtain what they capable of.

"The answer by John Roberson states that about 20% of the traders he has observed made profits. This answer differs from others. The reason given is that were in a good competitive trading environment. And I tend to agree with this reason. These traders trade with the belief that they will be profitable." Source

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

This is the reason why some traders are joining some pump and dump scheme group and not willing to learn and grow their knowledge when it comes to trading. That's why more and more people are falling into the scam of this groups and it cannot be lessen until they realise on what they're are into. And realizing until they are on that situation or already been scammed.

And you know that traders are into profit so they will take the risk and thinking that they will learn a lot by just buying and selling a crypto and they didn't realize that you need to study and analyze the market flows before investing.

I think this kind of people are those who let others decide what they should do and are quiet lazy to work themselves up. If a person really want to profit in trading then they should educate themselves first as to not fall on these traps which would totally snatch them their assets. Aside from technical analysis which you can watch in youtube or any other platforms, you should also be aware of the news circulating in the cryptoworld since it affects the future prices of a particular coin.

This is the reason why some traders are joining some pump and dump scheme group and not willing to learn and grow their knowledge when it comes to trading. That's why more and more people are falling into the scam of this groups and it cannot be lessen until they realise on what they're are into. And realizing until they are on that situation or already been scammed.

And you know that traders are into profit so they will take the risk and thinking that they will learn a lot by just buying and selling a crypto and they didn't realize that you need to study and analyze the market flows before investing.

This is the reason why some traders are joining some pump and dump scheme group and not willing to learn and grow their knowledge when it comes to trading. That's why more and more people are falling into the scam of this groups and it cannot be lessen until they realize on what they're are into. And realizing until they are on that situation or already been scammed.

Many traders are lazy to learn, which in their mind only makes instant profit. So what many traders do just looking for a free group
signal usually from a telegram or there is a desperate to jump into trading by assuming just buy, hold and sell. So from that many
traders, especially newbies who claim to always losses, after investigating the average they do not understand trading knowledge such
as chart analysis, fundamental analysis, how to determine the buy / sell price, what is a support price and what is a resistance price.
And many more trading terms or trading strategies such as average down or scalping are not understood by most traders. It takes a
lot of education in this regard, and indeed it takes a  process to change our trading habits.

If you earned tokens using the Bounty company, then most of these coins are junk on the entire cryptocurrency market.  Using these coins not only to learn, but to earn will be almost impossible.  How to learn to trade if there is no real trade in such coins?  It seems to me that you need to learn with the help of real and promising projects in order to become a less experienced trader in the market.