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

Thats why it would really be always best that you should not really that make yourself that easily believing on the things that you do able to see online on which it would really be just that right that you should really be that sensible on the things on whats happening around. It is really just that too impossible that you cant really be able to determine on which is good and which is bad, or into those things which are realistic and which are not. You would really be needing yourself to be that having that realistic approach on what are the things that could really happen. Yes, its true that everything that can see on line isnt really that true or simply just that propaganda or really that having that deceiving people just for the sake of their own benefit. This is why you should really be that careful on dealing up with things because if you do find yourself that being
careless then you would really be falling into this kind of trap.

Trading is never been easy in the first place but its not something impossible to be learn with. It is really just that depending on how someone they would really be handling out themselves into this market
on which there are ones who are really that in haste and there are ones who are really that taking those learning pace so slowly but surely on which i could say that it is a must
and much preferred.

Hahaha...You are believing trading stories on TikTok? Don't whine yourself. Well, do not believe what you read or watch on social media, not even from those celebrities as well, they are actually making money through sponsorship, affiliate programs and viewers they influence. You will be surprised that none of them is actually trading and making money from it, that is why the more we look at times, the less we see, we just have to be wise. Reading stories and watching inspiring documentaries are nice but without proof, I am a valid proof, you should never believe such. As we all know, trading on the theoretical aspect is very easy to know and explain to people, they will even practicalize it for you and show you how they trade live, but all are scams. Some will also show you a demo account of their best trading results just to make you believe. Frankly, earning consistently in trading is very possible, but sadly, only a few will get there.

We should only try our best to learn, train and get the needed experience to try our luck if trading is truly for us or not. Many will however try from now till the next decades but will have nothing to show for it. Let's just take it easy, especially when we are training, a small deposit is good, and if it is not working as we want for years, I don't think you need a prophet to tell you that trading might not be your thing, even after wasting enough money.

something big is very similar to carrying a stone if you look at people who build they aim to finish the building, that is how life is to attain anything in life you have to go through a lot of challenges, and if you can overcome that storm then any situation will be a bonus to you, a lot of us have given up to early and we are not meant to give up, and and even from what have seen and have heard about trading is that you must have patience in other to make profit. emotions will just make anyone weak so focus on the goals.

I think learning trading is not trying to understand. because it's like we are learning a theory. try to learn directly in practice. In the world of trading there are too many ways to make a profit. Of the many methods, there must be one that is very suitable for us, that method is our trading style, it shouldn't take long, right? because looking for one is just a matter of our comfort in trading, this does seem easy to say but I am sure that if you practice and find the results it will definitely be satisfying to understand trading.

We know that there are people who are fast learners and there are ones who are slow ones on which it would really be just that normal that there are people who can easily catch up and there are ones who cannot.
This is why we shouldnt really that judge easily if someone whose close to us are really that slow when it comes to learning because there are ones who are tech savvy and there are ones who arent
this is why learning duration would be longer compared to those who are knowledgeable when it comes to technology and other correlated things. Trading is never been that easy but doesnt mean that
it cant really be learnt up.It is really just that there are people who are really that rushing up on things and this is why they are really that prone to lost of mistakes.

Just dont discriminate into those people who do learn up slow. There's a specific time on which they could really be having that a good grasps within the market. Yes, it isnt easy
but its not something impossible. Important thing is that you arent that making yourself in a haste and would be learning up things along the way.
Wont be that easy and short but time comes that you do able to realize everything.

Basically we see most of the people think that trading might be easy job and easy to profit. But basically most of the times we notice that people lose their money most of the time while doing this trade just because they don't have any special idea about trading. Many times it is seen that people buy from high market but later when market volatility starts they suffer huge losses and lose patience. When people go through the days with loss, a different negative effect about trading works inside them and they plan to refrain from trading. Maybe your friend started the trading business without realizing it because of a mistake that caused him to fall into losses and quit trading after feeling frustrated. But to make money from trading a person must be well educated and know about the market then he can make profit.

Learning to me has many things in it, for you to learn any stuffs in life you have to be patient enough to continues in the process, trading is very complex so if you must be part of trading you have to be very sensitive and reading to pass through thing on other to learn, I have read so many articles about traders, it took many successful traders time to inculcate, you must be focused and very zealous to learn, in trading mistakes must occur but as a learner that will be an opportunity for you to grab new ideas to avoid the repetition of such mistake in future, a process has to come with obstacle so that the breaker will device a means to pass through and overcome the obstacle, your friend is much better now because he has started adapting to the system.

Success originates from the mind before going down to boiling in real world. We have no power over the market but with following information that hits the market earlier and that makes us one step above most of these traders. Follow the right team when it comes to trading, ensure you're doing the right thing at all time and implement strict risk management. Patience is required in the space, we should be extremely careful about managing ourselves in the system, besides there's no such thing as beckoning on another trader other than believing in yourself.

You have to pay the price so that trading will be worthy and valuable. What is only hard is just the beginning, but the moment you start taking the wheel, your momentum will keep on going. So just think positively and never gets frustrated with some mistakes and losses, that's part of the challenges in trading.

Trading follows a process. Learn to trade step by step and as you grow your experience in trading, the chances to improve your trades and becoming successful will also increase. Patience is the key.

You need both, you need the skill to trade the markets and you need the money to do so, and neither is easy to get, saving money is very challenging for most people as they do not earn enough to save a significant amount each month, which in part is the reason why they want to become traders.

But getting the necessary skills is not easy at all either, and this is not only because trading is hard, but also because there is a lot of misinformation out there which can greatly delay or even stop your development as a trader.

Money is the most important thing for trading because if you have all knowledge related to trading but have no money then trading become impossible. I think first a person should learn well after that he should accumulate money in large amount as at start there will be more chances to loss money due to lack of experience.

Trading is a process that will make you wretched because you will think all day and night and will wait for market pump because without pump you cannot get a reward. Just think trading as a part time job because if you trade day and night then you will surely use your emotions which will not give you any benefit but will cause dropping of your money and your health will also be deteriorates because of regular thoughts about money lossing.

To get good from trading you have to spend a lot of time and money because easy trading will not bring good results. Experienced traders here will make the same criticism because they know very well how important it is to practice. Moreover if you are too hasty with trading, then your money loss will be more. But many people can sort themselves out within a short period of time but i may be different from them. Although it will seem very easy to you at first it will be difficult when you lose money.

It always best to learn first and it needs time and consistence to learn, Trading and investing are two different things, trading needs a unique startegy and when beginners fail to understand those strategy they end up not making any profit,
I don't understand why people decide to trade with the intention of earning fast profit that's why they choose to skip the learning process.
Trading is never easy and can't be easy for those who fail to understand, have see people on tiktok who share their trading stories and at last they reap the fruit of their labour some watching will think it's easy and decide to try it, I don't know the strategy for trading but I know it takes a lot to learn about trading.

surely it's not a very easy platform, because there profit and loses both can be occur specially newbies should mentally prepare to start trade because they are always in risk zone, they are not experienced so they can face lose in first phase, i don't inspired to start trading for everyone, who investors can take risk they can start.

Yes people always choose to trade when they get knowledge but they should also realize that before experience they will face loss more frequently because overall market seems to be altered than their expectations. But it is true that people with knowledge enters to the crypto trading with more confidence than those individuals which does not know about anything.

As you will trade more and more then your experience will also increase with it but if you learned well and enter into market and then leave market by facing a single loss then it means that you have zero knowledge and zero patience because if you cannot utilize your knowledge to overcome your losses then there is no need to learn so longer.

When someone learn about trading then they assume that trading is very easy but they noticed after their entry that taking decision in trading is very risky because prior to entering into the market they only learn but have no experience about decision taking according to market situations.

it looks to treat trading like gambling which carries the effects of addiction. That may be the case, but anyone who wants to start trading should be told to trade with money they are prepared to lose. especially for a beginner, and if there is a losing streak, usually the beginner will stop first. It's something different when you are addicted to gambling which will disrupt your finances.
Trading is not easy to do. Moreover, each person's learning speed will be different to understand their trading experience more quickly or more slowly. some people may learn easily but perhaps more beginners still find it difficult to understand how to trade well.

There's nothing easy when you want something big.

Trading career is a hard thing to do, you'll need a lot of money in the process, dedication, time, and a lot of patient, in order to gain the experience that you'll need in the long run to gain profits as much as you want. You can't rush your trading career, it won't do any good to you, just pure frustration and a lot of losses in the process. Worst case scenario is that you'll end up homeless if you're going to let your emotion do your trade.

You do not "need" to have a prior knowledge about trading itself, but a good mathematical understanding could be fine. I have met with many people, well to be fair most people I know, who can't take % of something from their mind. Like you tell someone what is 20% of 150 dollars, and if they fail to do that from their mind in like less than 5 seconds, then they are not really cut for trading right away, first they should study mathematics a bit if you ask me.

This doesn't mean they need to know mathematics at a high level, I do not mean like you should be Harvard graduate, I mean a simple elementary school level mathematics would be fine, like the example I gave, its simple and if they can't do that quickly then they are not really ready to trade. Its a tough business and its not that easy but it is something that could benefit you when you finally figure out a bit of math. Then you can start learning more about trading and you could do just fine.

If you don't know how to control or manage your emotions then never Trade because the more you are desperate to gain is the more you will end up losing as this will lead you to decide wrongly .
your friend should not enter trading as he is impatient , the longer to has this attitude is the more he will e losing , it is a good thing that he finally understand how to deal with it and maybe now earning better as surely you will follow his footsteps .
this needs time , this is why most traders that succeed here are those type of people that gives all their time , I mean full time traders  and not those trade and go , though many of us uses stop loss to be ready for what will come , while I am not starting to learn Scalping .

When we trade anything we must have enough knowledge about that trade. If we don't have that knowledge, if we trade based on guesswork, we will surely suffer losses. Always be patient in trading, if you are impatient, you will never succeed in trading. The first condition of trading is patience and long term trading then you will get success.

That is part in learning trading since everyone knows that trading is not easy and therefore, should be learned the hard way. The more you see it more challenging to learn, the more you become motivated to be skillful on it. Trading is not the same as investing, nor gambling itself, trading needs more skills training and frequent exposure on the market so that mastery will be highly achieved.


Therefore, no one really sees trading the easy way. It's even quite complicated but at the end of the day, when you come to harvest the labor labor you have invested, the fruit is always sweet and satisfying.

Of course, your friend's desire to learn how to trade is straight. But not everyone who decides to learn how to trade will later become a successful trader, even if they studied with a trading master. Such people can always try themselves as a long-term investor, which, as practice shows, is even more profitable than short-term trading.

If you don't have prior knowledge and experience in trading, then you will really find it hard learning in trading and would definitely take years before you become a pro trader. But that is normal in trading, as majority learned it harder than the easier way. And most probably, if you learned trading the easier way, most likely you are still susceptible to a lot of losses so you need to experience more trading in the market.

Trading is skill driven, not luck driven. And certainly it's not the same with gambling. You need to exert a lot of hardwork and efforts before you can be successful with trading.

Even successful traders today have also learned trading in a very hard way and it really takes time before they can finally say that they can trade with confidence. I guess everyone here has learned trading not only for weeks or months, but years in trading in the market. The more often you exercise trading, the higher the chances you will master trading in the market, but that does not guarantee that you can avoid inevitable losses from trading.

Trading is a mental game. You need to increase your knowledge as well as with your skills and developed strategies. And with patience, you can go a long way with trading.

I agree that patience is crucial for success in cryptocurrency trading. Your friend's experience highlights this well. His initial impulsiveness led to losses, while your guidance and the community's resources helped him develop patience, leading to positive results.
 Having someone to guide you initially is imperative I feel. I myself experienced several ups and downs during my early trading experiences. And they highlighted to me the importance of patience. Witnessing the impact of impulsiveness led to how I trade now. By diversifying a minority while strategically rebalancing, I prioritize consistent growth over fleeting profits.  And this is something I learnt through patience and several mistakes. Many of which I could have avoided with a mentor
If you’d like to discuss this further, you can contact me via my Discord: https://discord.gg/2TFSrzunK3

And your friend had shown you the truth about trading unlike how these social media influencers told us - there is no easy game in trading nor there is easy money. Indeed, many traders suffer losses from underestimating the market behavior thinking that they are ready enough to trade after a day of watching online tutorials. Many traders assume that they can beat the market volatility and unfortunately, they fail.

Your friend helps you in a way that he warns you from not getting involved in trading if you don't have an idea about it and most especially, if you are not ready enough.

The experience part must take a very long time, it's not really that easy and it does take a long time to get there but it is also the truth, we should not really expect more than that. I get that newbies want to make as much profit as they can, and when they do not make that much profit it's a sad thing, and there are a lot of newbies who gave up after a while, and I get that we should expect them to keep going even after losing but some don't.

The problem here is that we are talking about people who are not really all that crazy, not that many people end up being good, so it's normal for them to start, lose money, and give up. This should be something that would be all that needed, and it could be just some sort of helpful hand that already knows how to trade that may guide us, that could give them some light at the end of the tunnel and they may end up trying their best. I know it's not that simple, but it should be quite good that would benefit both sides.

Patience is very important, but short term trading requires very little patience if you really want to do that. I have a friend who does futures, and that means he makes a lot of money or lose a lot of money in a very quick manner, that should be a good example for many people. That doesn't mean you should do that if you lack patience, he is a good trader that has done a lot of trading before at spot and many other ways, so it's normal that he moved to futures now, so you need to grow with some patience but eventually quite reach a point where you do not need it.

I believe that the best thing to do in this case would be just forgetting that you lack patience, and try to do the right thing the way you should, how quick or slow it is.

Trading is not meant inexperienced people but to those who are ready to face challenge. And trading is not something one can rush into and make profit. Before you can become an expert in trading you have to go under a rigorous training and if Possible with demo first for some months before you use real account for two weeks with small small amounts And When discovered that you can trade with big amount then you can do that if not you will just empty your account within few seconds of the trade.

I used two days to learn trading with demo and the way I was having profit from the demo account made me to open real account with 3 days and I lost about $300 or more. And left trading for a while oh. To understand trading is not easy.

Trading is certainly hard and it's actually not very easy to learn. Most especially if you are not aware on trading stuffs, then it will really be a hard time for you learning in trading. But we all know that trading can be learned overtime, patience and persistency are the keys. And once you have set your goals in trading, then you will be highly motivated to achieve that regardless of how tough trading is.

Just like your friend, I have been struggling in trading way back then. But that does not stop me from learning trading. Trading just need a lot of time before learning takes place, so we need to be more patient about it.

I'm not just surprised with these profits, I'm shocked by this discovery because that amount doesn't look like a person that really understands trading at all, he didn't take his time to know what is trading and what is stablecoins because it's only when you hold a stablecoin you will see such fluctuations as in 0.001 cents when they deppeg in USD value, I think your friend wasn't honest with you about the trading experience, I doubt if he knows how to trade or has even trade in his lifetime.


I have a little advice for you to embrace and I hope it helps, you need to let your friend's story out of the box and think about yourself for once, look at your own trading experience and see if you need improvement and adjustment or if you need more time to learn. Check if you need more time to take tutorials and if you are good already, get over to work and forget about my friend this and that, one of your objectives is to make money and not say things about your friend because he is already in the past.

In addition, you don't need to be teaching about trading right now, your target should be trading and learning more because with time, you will master more about trading, its the experience that you have will make you become the don of trading and please if come across trading signals, avoid them in beast mode because they will ruin your trading talent and scam you in the end.

Trading losses are usually made not because one is incapable to learn, but because he wants to do maximum trading even if the market is not favorable to trade. Most likely, this is some greed issues, because if one trader is patient enough while trading in the market, he will not gained more of losses but profits. But at least, he is starting to learn trading and slowly changing for the better.

But I think this wouldn't be possible withing giving some constant reminder to your friend. Now that he's learning a new mindset for trading, most probably he will not be losing a lot and won't be making hasty decisions anymore when trading.

Greed in the trade of a person/trader can ruin his entire portfolio and the way of his patience. If a trader wants to be on the right track or on the way where he wants to be then he should avoid greed. Greed should be put a side and only take the profit ever how much it may be in any situation because that profit in all sense would be better than the loss he will In the next trades. So, always booking profit should be considered in the first place and not looking for more and more. That can destroy in a sense trading of the person which he is doing in all manners in any way of exchange he is using.

Trading is a combination of losses and wins, no matter how skillful you are as a trader, there will always times that the trading market does not favor your trades and see you losing in the end. This is very normal in trading, and it is in losses that we start learning and learn to give trading more value. While it can be easily learned for some pro traders, but majority takes even couple of years before they can say that they can trade confidently.

However, the most important thing here there is learning that takes place and developed even a longer period of time. And with frequent trading experience in the market , learning makes more visible and possible.

Trading is somehow considered as a skill. We know that in order to learn a particular skill it takes time, hence its normal that people take time to learn about trading. Now there’s difference between learning to trade and learning to trade properly for profits. You can learn about trading in just 1-2 days, but in order to make profitable trades, it takes some time. If trading had been so easy, then everyone would have been doing this and making tons of profit. So I would say it’s normal.

That's because traders who can regulate their emotions in trading are experienced traders. a trader's skills and knowledge will grow along with trading experience. so the more you learn from the trades you make now and in the past. the better you will be as a trader in the future.
Of course, traders don't get everything just by reading. it requires a lot of time and experience trading in the market to become a professional trader. Anyone who has started learning to trade from scratch, or even started it themselves, definitely understands how difficult trading is. and it's nothing like seeing people's profits shared on social media.

Trading is a bit more tied to your experience than to mere knowing of how to control your greed and emotion,  risk management and all sorts of trading tools required to trade. If you don't have that experience everything will be complicated to you. Most Traders I know or have interviewed becomes better with time and the number of years they have spent trading because of scenarios they have seen happen or repeat in the market, and thus have learned some lessons from them as experience is the best teacher.

Your friend made 2 mistakes, the first was that he was impatient and the most fatal was that he gambled without realizing his financial capabilities. He was aware that he had a low income but why did he gamble using all his salary? It is a mistake to trade using your entire salary because not only are you betting your money on the market but the risk is that when you lose you will not be able to cover your various needs which will ultimately make you go into debt or sell your assets.
Trading should be done with a maximum of 50% of your income, and for starters, never play on futures because it is not suitable for beginners, it is better to trade on spot and wait patiently until you make a profit.

It is indeed a very difficult thing to be able to eliminate emotions in any case, but if we can manage them well this will be very good for ourselves and also the trading we do because if we cannot control our emotions of course we will be greedy in trading which makes us lose any benefits we might have gained.
It is important for us to continue learning in trading even though we already have a lot of experience in trading. Yes, you are right, we must be able to enjoy every process we go through in trading in order to achieve success in trading.

Eliminating it completely or lets say 100% is never been that possible because even if you are really that veteran or professional you would really be still that having the emotion. This is why trying out to get rid of emotion it cant be possible but with due experience and enough knowledge then you do really know on how to control yourself but if you are just that someone who had just recently able to know on to trade
then you would really be finding out to be so hard on controlling your emotion. Just like on what everybody is saying that trading and learning it would really be taking up some time.
It isnt something that you could really be able to learn in just one day.

Just tell your friend that he should really be needing to learn up all the things that he would really be able to encounter specially on how volatile this market is.
You would really be definitely be able to encounter tons of situations on which you would really be able to freak out and you would be telling to yourself
that this wont really be an eay market to handle on.

Eliminating emotions may be difficult, but we can control them to act according to logic and of course put aside greed, learning trading in one year may still be lacking in terms of experience, but each person will have a different level of learning, in fact the main thing is to bring in appropriate profits. with our portfolio clear and logical, and only ourselves can judge it. Therefore, enjoying the process will be fun to continue to hone your trading skills

Your friend was probably influenced by all the people out there that are spreading misinformation about the markets, which try to make it seem as if trading is the easiest thing in the world and the only thing you need to do to earn a fortune is to buy whatever coin it crosses your way and enjoy huge benefits thanks to it.

But this is completely false, if anyone wants to obtain profits while trading they need to invest a great deal of time to learn how to do this, and at the earliest it could take someone a few months to be ready to become a trader, with one year being a more realistic goal.

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.

There's no shortcut in trading, one should take time to gain knowledge because that's crucial. If he can't follow the basic rules, then he will likely fail especially for being impatient.

Well, that's good to know. Maybe he already realized what he's lacking. Sometimes committing mistakes are not that bad since that's how we will become aware of we should do next time. Trading without knowledge is like gambling therefore we need to exert an effort to learn first before deciding to trade.

Learning a new skill cannot be easy. If it is easy then the person isn't learning anything. Trading is hard if you have no background in working in investment banks or the big 4 or other financial institutions. It usually starts hard and then get easy as you climb up and add more knowledge.

This forum is a value tool and good to know that the OP's friend was able to make the best of it. It doesn't just stop there though after learning the basics he has to go further and learn how be emotionally resilient. A trader must be in control of his emotions and not allow his emotions lord over him.

There is no easy way to make money. If you really want to make money from trading, you have to work for it. You should be ready to read, you won't get tired of reading. And when trying to trade, make sure you start with just a small amount of money because you might end up losing the money, which is normal. Don't trade with any amount you know will affect you after losing. When trading, you can start with a small amount, the more you understand trading, the more you keep increasing the amount you are trading with, but if you decide to start with a large amount, you might end up losing interest after losing the money.

Trading was never easy and will never be easy. When trading, the best thing to do if you don't really want to lose much when learning how to trade is to get someone who's a professional trader to guide you. You have to be very careful because not everyone who claims to be a professional trader is really a trader, some of them are just deceiving people and know nothing about trading, so make sure you get someone authentic.

Being efficient and profitable in trading would really be taking a long of time and a lot of effort for a certain individual who do have plans on trying out to engage with it and we do know that it isnt something
that would really be easy on which you would really be needing up to learn up from those terminologies and even just with those trading terms on which it is really that correlated to it.
From learning technicals to fundamentals and trying out to figure on what kind of trading is really that would fit out on your own preference.

You are the ones who would really be able to find out on what kind of trading you would be liking into, this is why it would be taking up some time for you to have
a good grasps at least on the things that you've been dealing with and of course you shouldn't really be taking things so easily.

Normally trading not easy almost all traders knows  that, Besides something good can't just come around that easy  will take alot of time to learn and master it eventually. Trading not something that you will just learn just like that. to me trading doesn't have a point that you will just stop learning aslong you're trading  you  are eventually still learning. Most traders issue is trading with emotions and all that because ones you are accumulating too much losses your goal at that moment will be covering those losses and when you are doing so more losses will eventually  come. Because that moment you're no longer thinking right.

So just focus more in learning and reducing loss than making bigger profit. As long you are controlling your losses profit will eventually come arround might be small at that moment but when  it's constant those profit will eventually turn to something big.

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.

In trading, the first thing you have to check is your self if you have patience and a disciplined person. Trading is a waiting game, so if you don't have patience then it's not for you. I'm so glad that you're not the same with your friend and even he hurt you, you show patience and understand him, and because of that, your friend learned from you about trading. Honestly, having no patience is one the reason why trader loss a trade, it's because they don't have patience. Your criteria that you are looking in the chart is not always visible and you should not force a trade. Unfortunately, there are traders even if they know that this setup didn't meet their criteria still doing a trade which decrease the chance of winning.

Who says trading is not hard but easy? I bet every trader knows it that's why until now they are still struggling to win their trades despite of the market volatility and uncertainty. Except for those experts in trading, as they can still find means to make profits even if the market is not favorable to trade.

But one thing is certain, learning about trading takes a lot of time and even money. Of course, if you don't have the money to finance your trades, learning trading would be impossible. While trading with demo account is still possible without risking real funds, but it does not guarantee that what is happening with your demo account is exactly what's going to happen when you are in live trading.

We often get greedy in trading, especially when the price increases high and almost reaches our target price.
We have set a selling price on the market and there is only a little time we will see our order will be filled but we are canceling the order and moving it to a higher price.
We think that the price can still rise higher, but we often find that the price returns to a low price, which prevents us from taking advantage.
That is an example of greed that we often experience. Therefore, we should avoid greed so that we can take advantage of it on time.

In crypto trading, knowledge is paramount, as is controlling emotions. Because if it's not like that, crypto trading will be chaotic and not good. Because from the experience I went through when trading crypto, the most dangerous thing was my own emotions and greed. Therefore, emotions must be truly controlled in order to be optimal when trading crypto.

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.

I definitely support that a person must have all these factors in order to trade and if any of them are missing it will lead to failure in the long term. I would especially like to emphasize again; If even one of these factors is not met there is a high probability of failure in the long term.

As you stated, investing requires the ability to make fundamental analysis and patience. When making a long-term investment, choosing the right financial asset with a good fundamental analysis ability and patiently waiting for this investment to reach the targeted value may be sufficient to be successful.

In other words, the biggest difference between trading and long-term investing is that in trading technical analysis knowledge, fundamental analysis knowledge, patience and discipline requirements must be met completely while in long-term investments only patience and fundamental analysis knowledge are sufficient.

It would be more appropriate to learn trading the hard way and will took long time to fully understand it, than trying to imply that you have learned it easily and end up seeing your trades failing and losing. That would mean bigger losses and frustrations on your part, believing that trading is easy, when in reality it's not. It takes even years for successful traders to reach their current position and live their lives the way they imagine living it.

However, there are also really fast learners that will learn trading easily. I have no issues with them as one can easily fail in trading, while others can be good and excellent on their trading skills and strategies. But still, consistent exposure and trading in the market is the best strategy to be an expert in the trading market.

It has taken me 10 years and I am still having trouble, it doesn't get easier, it just gets more accustomed to what you "should" do but the situation doesn't change, you could always do what you should and the market could do what it shouldn't and you would lose money, that is still a valid situation and should be considered as a big deal.

I understand that it may take some people longer time to figure this out, but unfortunately that's the reality and we need to just accept that. I get that it is also quite possible that a newbie doesn't know what they should do, and that means we are talking about something that would be wrong of them to keep trading, and they should stop and learn how they should trade, but also after they are no longer a newbie and they learn what they should, that doesn't mean that it is going to be just profit after profit all the time. Accepting loss is a major part of bitcoin trading, it is going to happen sometimes and you will just accept it that way.

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.

I don't wanna read the whole thing you Said here, rather I will just go with the topic, yes it's not easy and even when you felt you have arrived trust me you will still have more new things ahead of you to learn as in new things will keep coming in so the learning doesn't stop.

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.

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.