Topic: Trading is not very easy; it took my friend a long time to understand. - page 5. (Read 642 times)

His emotion will improve thru time if he really wants to continue on this path.
But if not, he will continuously incur losses and soon enough, he will curse this activity for failing him.
Patience is needed as you can't acquire strategies, skills, tricks in a short period of time.
It would take years and years of experience before you will be comfortable in engaging to this activity and finally see the fruit of your sacrifices.
Most are going into this realm, for the mere thought of earning quick profits. Hence, the disappointment.

Trading is not something you can just start without having basic knowledge, you will end up wasting money. Since your friend really wants to learn about trading, they should just look for someone who understands trading and they can just put your friend through it. I think that’s the easiest way to learn how to trade. Your friend will find it difficult to learn all those things on YouTube. I don’t trust most YouTube videos. It's just better you get someone physical to teach you. If you can also read books and learn, it won’t be bad, but your friend is still going to waste more money.


When you are learning how to trade, you should keep in mind that you are going to waste money. Trading is not something you can learn without losing, if you start trading, loss will definitely set in. Even professional traders do lose when trading, just that their profit is always more than their loss. So just imagine you trying to learn how to trade, you will be losing more in the process of learning, but with time, your loss will reduce.

Learning would really be taking more time and lots of effort for you to be able to learn it up completely. Here on trading field on which learning would really be a never ending thing. Even into those old traders out there
on which there's still moments or times that they dont really know on what to do specially on the time that the price or movement of the market is way too volatile and unpredictable or simply making up those huge swings in price on which it would really be making up those kind of questions whether they should invest or get in or not and similar kind of questions on which this do proves out that learning process
would really be endless considering this market does have lots of variations for you to learn on.

Trading does really need a long time for you to learn it, just like on what others been saying that it would be always best that you shouldn't really be rushing up on learning it
because it would really be making that kind of desperate on which it could cause bad decisions and approach towards trading which its never been that good.

Trading is an activity where actually you yourself are the key, if your skills are not good then you will definitely lose money, so before you really get involved in trading, you must first deepen your insight into trading, things like analytical techniques and fundamental analysis is one of the basic knowledge in trading.

reading this makes me remember myself lol, well, rejection at the beginning is normal especially since cryptocurrencies are still not very well known to people, besides that maybe your friend is still doubtful and doesn't want to take trading seriously, as a friend you have to be patient to explain to him, the kindness and encouragement you show should make him a reliable trader in the future, fortunately your friend has become one of the members of this forum.

This proves that learning takes time. It may not be visible at first and all you see are losses and disappointments, but you know if the person is really determined to change and improve, he will get rid of his being impatient and even his greediness. I'm glad that your friend had realized that he has been dealing trading the wrong way, and being an official member in the forum makes him learn crypto market the better way and the most appropriate way.

While trading and investing in the market become a piece of cake for those pros in the market, but everything in learning takes time. The process may be hard and tough, but the end outcome that awaits is mostly smooth and sweet.

Learning could really be indeed long or short and it would really be everything would be depending on how things are that fast to learn up and since we know that not all would really be fast learners on which means that
it would really be that vary on a certain individual on how well they do really make out those trades on which this would really be depending or basing up with each person and this is why it would be that best
that you should really know on how to make yourself that pretty aware on how things do really works and how it do behaves. Dont make yourself in a rush because this is where people usually commit out mistakes
on the time that they are expecting or anticipating something which is positive without even trying to look and realize on how things do works and how it do behaves. Time well tell and time will come
on which it would crucial about realizations and realistic approach is needed.

it can take a lifetime to learn to trade. but crypto traders learned very well is that bull run has a cycle.  they buy in the bear market and wait for the bull market to sell. this is still called trading. those in a hurry to make money in crypto usually dive into leverage. hard lesson to learn after they got liquidated.

it takes something like a disaster before one will learn a lesson. it will hurt to touch a surface before we learn it's gonna hurt to touch a hot pan.

Crypto prices are very volatile it would take a lot of practicing, learning chart patterns, technical analysis etc and patiently waiting for a trading set-up if you wanted to become successful in trading and as a newbie it more reasonable to start trading with a higher time frame like daily timeframe where you can have few time to analyze your chart on a new candlestick, trading with lower timeframe is very challenging and frustrating except you are an experienced trader, but with a higher timeframe trading setup would be few but requires a lot patience by a trader before placing a trigger for long or short.

Trading in crypto is not easy especially for a beginner who comes to learn and understand everything that is needed then it will take a long time until the learning process is understood.

If for example your friend just came to trade while not having good risk management, let alone not being able to control greed, of course he will lose because he is too greedy and cannot control the trade properly.

In theory, the basics that trading requires are, having fundamentals, being able to analyze the coin you want to trade, looking at the chart of course it becomes an additional pattern, financial management, looking at risks, monitoring the development of trends and other types.

But thank goodness if your friend has come here and understands it now, especially you say it's better than before.

I think we've all been there - eager to dive into trading, only to get our hands burned in the process.  I learned this lesson the hard way.  In my enthusiasm, I leapt before looking, only to rack up some painful losses. 

But you know what? That's often exactly what it takes to wise up and  those initial screw-ups forced me to confront the hard truths: Successful trading requires dedication to continuous learning and the emotional discipline to proceed cautiously rather than impulsively.

Like they say - no pain, no gain.  It's never fun to mess up but if the experience puts you on the path to success in the long run, the temporary embarrassment pays off.

This is not only for your friends, my assessment is almost 99%, they all need time to learn trading in the crypto market, including me, it's not as easy as turning the palm of your hand.

In crypto trading, it is indeed time to learn and get to know, understanding how to trade well is important and also all the risks that can occur at any time before buying the type of crypto that we want to trade.

Carrying out trading activities, there are many things that must be paid attention to, namely price values, analysis, graphs, markets, which are the basics that must be considered before buying and selling crypto assets, In this case, the time needed is endless, in order to achieve perfect profits, a mistake in judgment when trading can have fatal consequences for the crypto assets we have, for this reason it is very natural that you need time to fully understand your friend before trading crypto, teach him calmly and calmly, let time pass to overcome the risks that will occur before your friend really understands it.

Greed in trading is often caused by setting unrealistic profit expectations. As a trader, having a well-defined take-profit plan before entering a trade will mitigate impulsive and greedy decisions. You don't need to prove yourself to anyone in the trading community. Your sole focus should be on your personal goals as well as your emotional needs. Fixing these will automatically resolve an urge for revenge trading because you are trying to make up for previous mistakes.

The only time a person can be a failure is when he falls and does not rise again.

Trading is very risky and most of the losses newbies incur are for the experimental purposes of gaining more experience about it. The friend of OP can only be a complete failure in trading if he gives up, many do this because they are tired of losing and I can't blame them. That might not be their calling at the same time, because if trading is their calling, no matter what they lose, they will keep on having the passion for it and finding better ways to gain from it, and not backing out due to losses, just like I did. My advice to those who are very new to the market is to make sure that they do not trade with a big amount of money unless they are well experienced, I don't think it's wise to do otherwise.

Trading is such that will help people only when they understand it fully, and to understand it takes time even when you have been trading the live account, it doesn't matter. This is why wisdom must be applied in this sense and by using a small amount of money, you would have saved yourself from a whole lot of issues like resources wastage, emotion and discouragement. If a little money is involved, such a person could take his time to learn and train until a good system, management and psychology that can handle big money is achieved. I wonder what the fate of those who use big money to test their trading skills would be, just like me then, it's a huge discouragement and regret.

Most of the time, it takes a trader to lose at first before he will fully understand what trading is and how it will work. And what happened to your friend is not an exception. He now understands that unless he is inclined to know more about trading and practice caution and patience in trading, then his trading performance will improve and attract positive wins than losses.

Successful traders start from a scratch, and it also takes a lot of time for them to finally understand the crypto market and how trading works. And as long as quitting was never their option, there are always high chances for them to end up making successful and profitable trades.

It would really be never easy because it would really be taking up some time for you to have a good grasps and your friend is really that just normal on having that kind of reaction but sooner or later he/she would really be able to realize on what are the things that they would really be needing to adjust as they go ahead. Its never been easy in the first place but once you do have that good grasps into it then its a skill that cant really be taken from you on which you could be able to trade on your own and this is something that cant really be taken from you.It does really take up so much time and tons of effort and your friend should realize that this isnt something that could be be able to learn up on a very short span of time. This is why it would really be better you shouldnt really be rushing yourself.

Just tell your buddy that he should be taking up some time or else he wont really be able to progress because he's rushing up on making money on which it is true that it could be possible or could happen
but we know that it isnt something that could be achieved in a short time. Time will tell and it would be depending on how fast you would really be able to make yourself learn.

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 can relate to this, learning by yourself sometimes is much better and achievement because there are a lot of people who want to learn a trade but they want likely someone to spoon-feed them which I am really against with it.
I believe your friend will continue to learn other things as only the beginnings are difficult.

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.

I suggest you to go learn the basics to advance how to trade so that you can teach your friend more about technical and fundamental analysis check the link below all the tools and guide you need is there and you can also test your skill in a trading simulator without spending.

- https://github.com/SpiralDevelopment/Awesome-Crypto-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.