Topic: Trading is not very easy; it took my friend a long time to understand. - page 3. (Read 725 times)

learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader.

At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions.

I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
  Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.

Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.

But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.

Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.

I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.

But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

Honestly it would take a very long period of time to understand and master chart patterns in trading bearing in mind that price pattern repeat itself and to master all these technical analysis takes a lot of effort, perseverance and patience, trading is not a profession that every Tom Dick and Harry would jump into and start earning profit, according to statistics that is why 95% of traders are losers, presently I am studying charts  patterns with in a bid to setup my trading strategy though without a mentor and it has obviously taken too much of time, however I am not bothered because in the long run all my effort would be fruitful.

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

Greed is never a good thing to practice when it comes to investment, whether trading or cryptocurrency investment. It's even worse because you can’t do it without knowledge, and if the things that cause greed are when the investor or trader doesn’t have knowledge of where he or she is putting their money, they think it will go as they think. So therefore, if someone is patient and has control over their emotions, it will reduce the chance of greed. Therefore, we should always try as much as we can to avoid greed, when entering the market it will help us. We just need to be aware of what we are doing in detail, to avoid unnecessary story, the fact that trading have high risk than any other thing someone will do  in the crypto space.

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

If you don't have knowledge about trading you will never make a good profit in trading greed is one of the bad attitudes in trading unless you just buy and hold it for a long time.

With trading, you need many things like fundamental knowledge, technical analytic knowledge, discipline and patience. If you are lack of those things or only one  of them, you will fail with trading in a long run.

With investment, it is more easily to manage and you will need to have good fundamental knowledge and patience. Good fundamental knowledge will help you to pick good assets for your investment portfolio. Patience to stick with your investment plan and get profit.

One of best weapons in trading

I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
  Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.

Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.

But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.

Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.

But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.