Topic: Trading is not very easy; it took my friend a long time to understand. - page 4. (Read 642 times)

Yes but for people that understand the concept behind any success. Some people are greedy and are willing to feel among, especially when they see people making it through crypto trading, some will jump intoning without learning the fundamentals which as you said will lead them to loss; whereas they they can just simply invest in bitcoin or even altcoin and wait patiently for profit.

We have different ways of understanding and there are fast learners and slow learners, but to be sincere I am still learning about trading because I know it is difficult and jumping straight into it will not give me good profit if I didn’t learn it well.
Although it is easier for some people and they are making it big, I also want to make it big some days that’s why I am taking time to learn it the hard way.

Not just " somehow " but many people have improved because they learned from their experiences. Even without a mistake, we shouldn't be contented easily. And like they say, we should always keep on improving. It's not that we are greedy but I think it's because some things don't stay. Like for example the company that we are working now, it can collapse and we can lose our position and it may take time to find a replacement again.

But if we already have a back-up, like for example a talent on other field, we can always get a job easily. It's normal to think negatively, especially after a heavy loss but as long as we don't over-think about it, we are going to be fine or we can recover immediately.

Exactly. But in my opinion, this is also the reason why it is always said in trading that you can only be successful with luck and that nobody should get into trading. It's damn hard to be successful and stay that way.

Interestingly, when it comes to professional footballers, everyone understands that there is a lot of hard work involved and that only a fraction of footballers worldwide make it as professionals. Obviously very few people understand that this is also the case with traders.

In trading one should understand the trading strategies properly,  without understanding and getting knowledge abou the way how can we handle pressure in certain conditions trading is almost impossible to give that person profit. In rare cases he can get the profit at a profitable aspects and understanding fully about the trading. Also if the person got some loss then he have to do patience if he want to ger on the track

Trading is indeed very risky, especially if we have not yet chosen the ability to do that trading. In your friend's case there are several things we need to learn from:
1. Using your entire salary for trading is very dangerous because of the higher loss ratio. It would be better if you use a nominal value that suits your abilities.
2. Patience is key. If we are often impatient in trading then this can backfire for us to experience big losses because we cannot control our patience.
3. The important thing is also to prepare our skills and abilities in trading. When we are going to trade, make sure we have the skills first. So the point is that we have to be ready for all the risks.

Experience will somehow teach us and mistakes could be a reason to improve, and this is actually what happens to your friend (and to everyone).
Your friend's experience tells us a very important thing that we need to keep in mind, never quit and never think negatively despite losses. It also teaches us why we should have to be patient and why we should not stop learning. All of these things are the reason why improve and the reason for our success. It is be saying that there is no sweet/easy success in trading, it only comes if we make an effort and carry a positive mindset. 

Even if a few lucky fools can pull off an overnight trading success story most of them will likely crash and burn soon after and  so don't try chasing quick wins.  You won't suddenly wake up one day and find yourself with bags full of money.  Instead, success as a trader requires patience, effort, and plenty of failures along the way.  Trading mastery is a marathon a lifelong journey, not something you can pick up overnight.  Gotta be ready to study, test strategies, and stumble a whole lot before finding your groove. 

If you really want to make it as a trader, be prepared to work hard and accept the slow, meandering path to consistent profits and sustainable financial freedom.

Mistakes are the best teachers on which there's no way that you could really be able to skip out on experiencing these things along the way since we are really just that planning to have engagement with trading.
Its never been that easy and its never been that so simple on trying to take grasps on everything. It would be taking a long time and tons of mistakes and errors before you could be able to learn.
If your friend would really be that so impatient on learning it then just let him be, because if he's serious on learning up things then then he would really be just easily make out some adjustments
because this is something that you would primarily need.

Trading isnt easy but doesnt mean that it would be impossible for you to learn up.It is really just that it would really be needing more effort and time to be spent
before you could be able to acquire those skills.

Those mistakes can lead towards a charge to experience because if you learn at your own you need to focus with that thing and of course, there's money involved no one wants to lose their money because of just a single mistake, traders learn from their mistakes and failures but people who keep doing the same mistake for sure does not improve at this kind of rate. People think once they join the world of investment trading they can easily earn a lot of money in just a single night or a week here but no takes alot of effort, hard work, failures before you make yourself builds a good foundation to make a less risk trades.

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.

While it's nice to admit about how hard it is, there are people that are making it look easy for the most without their admission that it's truly hard. Even the experienced traders from the other markets say that trading crypto is not that easy at all and the same goes to the typical markets that they've been trading.

Patience is one thing and it's like a gift for most traders that continues their journey in trading. Because not everyone can afford to lose money and wait for the lessons and learn from them. Most of the ones that aspire to be a trader want to learn as soon as possible but they do not know that there's a process behind it and they need to look at those before anything happens to them according to what they believe that shall come.

Let me get this straight, you have some theory but haven't started trading anything and then you try to teach your friend the practice of trading? Tell me if I'm wrong, isn't that funny? I don't think you should blame your friend even though you're frustrated.

And those many says that trading is very hard and not profitable are the one's that just decided to do trading without a prior knowledge and skills, they even think of trading because of the hype of it especially in social media there are a lot of advertisements about trading show casing the luxury life of the so called coach to attract new traders to avail their services and because of that many people is trying bitcoin trading or crypto currency trading with little to none knowledge about it, they are the one's who always complaints and saying that trading is not profitable, but the truth is trading is a very difficult and risky aspect to earn without a proper knowledge, skill, preparation and patience. Even experienced traders don't always earn in trading; they still face losses, but they know how to manage them. Trading requires continuous learning as the market is unpredictable.

You're right, because it's obvious that the reason while some people venture into trading is due to they have seen someone who is trading and also make profit in trading or they have hear from elsewhere that trading gives profit right now, and if they use such scenarios and mentality to join trading having in mind that they are going to make a quantum of profit base on they have joined trading without understanding the basics concepts of trading.

From my perspective or understanding towards trading, if you don't have the understanding of trading the person who is trading will continue to lose and it will not know the reason while it has been losing in trading, so what I want us to understand in trading is that, is a something that have to do with skill, so for us to make a profit we have ensure that we have learn and comprehend the loopholes of trading so that we will not be experiencing loses.

Op friend, did not scrutinised or make a research very well concerning trading before venturing into Trading, its better you have a basic knowledge of trading first before venturing into Trading than just join trading without knowing the possible way to bypass some certain things that will lead the trader into lose..in summary, if we don't have the idea of trading a youtube tutorial can enable any newbie to learn the surface or the prefix of trading first before knowing all the rudiments.

It's difficult because not everyone is suited to trading and if it's possible not to trade crypto then why force it which will often only lead to losses, if only because you want to make money in the crypto world there are other ways besides trading, namely investing in Bitcoin which is much calmer compared to trading which basically looks easy to buy cheap and sell expensive but there are other things apart from that.

Those of us who have been involved in trading for a long time know that trading is not that easy but those who do not trade think that only profit can be made from trading and it is very easy. We have to get an idea from the market when the market is dumping or when the market is pumping. You have to take ideas from the candles that exist in the market and then make a chart yourself for trading. Trading is not only profitable, but trading at the wrong time leads to loss of money in the long run. It is difficult for us to make decisions in trading when the market is only going up, if we are trading when the market is only going up then we are likely to lose money if the market goes down. Again, when we wait for the market to go down, the market does not go down as we expect, so we cannot accept trading. To accept trading we have to take risk at certain time and then accept trading.

trading i think is difficult because the speculative nature of it even though many try to make sense of trading by having some technical analysis but really its difficult to understand trading overall.
the market could be moving on its own despite the technical analysis that says otherwise thats I think the most difficult part of trading you just don't make consistent profit out of such thing in my opinion and sometime some people are just trying to trade based on news, get in when there's some event that they knew ahead of other people and dump when the news finally comes out.
overall many people are underestimating the complexity of trading because beginner luck, when a beginner try trading for the first time they are making good profit because beginner luck then after wards it went downhill from there basically losing money in every move.

That is really awful of him. His trading habits are terrible, and unless he changes them he will continue to lose money. His desperation and impatience show that he cannot control his emotions, and when emotions get in the way of your trading, you will only continue to make wrong trading decisions and enter the wrong trades at the wrong times. Another bad habit he has is investing all of his monthly earnings in trading, despite the fact that trading is a very risky investment. This demonstrates that your friend is a terrible trader, and I will advise him to either quit trading and try something else, or go back to the basics of trading to fully understand the do's and don'ts of trading and how not to mix emotions with trading. If he keeps going like this he may even end up borrowing money to trade.


We all have different paths to success, so just because trading doesn't work for your friend doesn't mean it won't work for you. Sure, trading is risky and requires caution, but your friend is also contributing to his own trading failure. Don't let that discourage you before you even start trading. You shouldn't even think of trading if you don't know everything about it; else, your experience would be similar to your friend's. It takes a lot of knowledge, determination, and commitment to trade, so before you decide to do so, be sure you've done the necessary research.  


You can discover a tonne of helpful trading threads and materials on this forum if you know how to use the search function, and I'm delighted you're already picking up lessons from your friend's mistakes.  I advise beginners to invest in bitcoin (buy and hodl), since it is a very simple and long-term successful venture.

Trading is the most difficult aspect of cryptocurrencies for me to learn. You must first understand about bitcoin and cryptocurrencies before moving on to trading and its techniques, risk management, and how to apply stop losses in trading. All of this is really difficult and will take some time before you get to know them better, and then you will have to wait patiently for a long time before you grasp everything.

I agree, its definitely not easy and could be something that is dangerous if you jump in both feet and not take care of yourself, it could really end up with some terrible results if you are not careful about it. I get that it may not be too simple, but it should be something that will benefit everyone if you just slowly and gradually ease yourself into it. I guess the easiest way to do it would be using a demo account maybe? Just read up on how to trade, FA and TA and while learning those, use what you learned at some demo account, its fake money but the real market is there, so you see how what you learned would work in real life, but not risk any money. This way you will eventually be ready.