Topic: Trading not for everyone! - page 12. (Read 3296 times)

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

There is no job has no risk. If trading is a risky job, it doesn't mean people can't make it as a main job. However, no guarantee for the success everyday in trading. We may get profits today but we may experience loses tomorrow or in another day. So, we can't expect to always earning money everyday. Even professional traders or experienced traders, may experience losses as well. That's why we can't make it as our single job because no guarantee for profits constantly.

There is no problem if newbies want to try trading, but they are better to use small money. Newbies must focus on learning first before they use bigger funds. Not all newbies want to hold crypto coins only, some of them want to trade the coins. However, I agree that knowledge and experience are needed to ensure the newbies to trade in the right way. So, before starting the trading journey, the newbies must have enough knowledge and experience firstly.

In every job, of course there is a different level of risk, as well as the results, if in our job there is a big risk, we will certainly get a big profit too, but if we don't understand what we are going to do in a high risk job, we will obviously get a loss very large. For beginners, there are many things that must be learned to be able to face work that has high risks continue learning and asking questions from those who are experts in this field so that we can gain profits in trading.

Well it is indeed clear that trading is very risky, maybe you come because of the big profits or you come after seeing some people around you get a big profit from this trading, it's not wrong if you want to try to get into this field but it's true as you said it doesn't mean that when you come you will immediately be able to get a big profit, if you come only focused on profit and without science I'm sure the situation will reverse, I mean not the profit you will get but instead a possible big loss. So yes, we must know and realize that every time there is a big profit, there will also be a very big risk in it. I agree, and indeed this trading is only limited to activities or professions outside your working hours, trading is a part-time job that you can choose, or maybe more precisely this can be useful to increase your finances if indeed you can get consistent results here. So it means that it is safer for you not to make this trading activity your profession or main job to earn income, because obviously as I said above there is a huge risk that could happen to you.

Well that's right guys, it's better to use money that you wouldn't mind if it eventually disappeared, so that you remain calm in trading and also so that you don't experience pressure.

At the moment the Bitcoin market is heavily dumping which has affected other coins in the crypto market. Since the market has been in a downward trend for a long time, it is definitely a good plan to invest in other coins including Bitcoin at this time. There are some other coins including Bitcoin in which long-term investment is possible to achieve good things in the future, long-term investment in Bitcoin as well as trading in various ALT coins by understanding the market, if the trading is done correctly, then surely an investor can profit from this market. However, no matter what trading or investment we do, we must have sufficient understanding about this before, in addition to having sufficient understanding, a trader or investor must take financial risks and be patient, only then can success be achieved by trading or investing.

If they don't have that knowledge better to stay with long-term type of assets, it's better to hold while learning the process. It's not an easy
journey as there are many factors that may affect you when you are dealing with trading.

As newbie, it's always a big puzzle when to buy and when to sell as there's always a quick fluctuation that will really hurt your investment
when something unexpected happens, you might sell at the wrong time as you think that you will lose everything.

However, we are all aware that this job is a very risky job, and we need income from elsewhere to keep us on a steady income. Trading does have great potential to increase our finances, but the opposite also applies. Because of this, there is a lot of advice from people who have been in trading for a long time such as using money that doesn't change our lives when it is lost, or this is work with a high level of patience, or this work is done by conducting analysis and a deep level of research. . Very many people who don't meet the requirements try it and fail. therefore, this job is not for everyone.

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Failure shouldn't be a reason for us to give up, however, I don't recommend newbie investors to get into futures trading right after entering the market because it is extremely risky and only those that have a lot of knowledge and experience about the market can actually get success in it. So someone who is just starting their journey with cryptocurrencies should start with the spot market where they can buy and sell cryptocurrencies without leverage and margins, etc.

And even for starting with spot market, one needs to gather enough information and knowledge so that they don't invest their money in the wrong cryptocurrencies. So, it's always important to first learn the basics and then get into the practical work, especially if you are entering a financial market.

Would really takes time and tons of effort on making yourself do able to sustain this unpredictable space and not all would really be having that courage and perseverance on dealing up with this market for too long specially if you are that someone who arent prepared nor not really that ready on facing a volatile and unpredictable market. Dont make yourself that easily give up just because you are really that struggling on things which it would really be just that normal that you would really be facing up those challenges because if this market or trading is really that simple to deal with then all of us would really be that rich by now already and would be commonly be trading just because it does really give out that kind of sure opportunity on changing our lives for the better. I do somewhat agree on some comments on here on which there are really things which arent meant for us no matter on how hard we do try and it did take a long time but still ending up on negative results on which it is really that something that would really be that normal but making out adjustments will really be your part on doing so and wont be easily be giving up and this is where some people do keep on going on and continuing despite of those conditions which does really shows that they are really that serious on dealing with this market.

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.

Trading is certainly not for everyone especially since the numbers show that only 1% of traders are actually profitable  

But then again skills like trading aren't airdropped at any of us... Someone has to practice, fail , practice again until they master this art and it all starts from being a beginner in this art regardless of the outcome. Besides the road to success is sometimes through failure, and giving up because you failed once shouldn't be the reason for not giving it another try, but should trading negatively affect your health, and financial wellbeing then it is a valid reason to give up!!!

Agreed, it's not always the majority that gets to make the right decisions...sometimes it's about defying the odds to go for what works for you 

nice advice for new traders, they come to trading thinking, i will make 5%-10% profit per day by using leverage, but in trading very low percentage of people can make profits consistently,
beginners used to think i am too smart i will win from the market but they blow their accounts many times, and do not take the truth that trading is not for them, some go in depression after losing so much money,
and wasting their time. it's better to hold for long term it will be more profitable then trading.

Trading is meant for everyone who knows or understand how to do it, it has its own way of doing it if we understand how to trade, it's interesting and easy to learn, everyone can learn to do it if we think we can cope while learning and also take the risk involved, trading is not a means of letting us loose our money, we only engage in making trades to exchange currencies and pairs and predict the market, also on the same view, we are to understand that trading is not gambling, trading is an investment even though we are taking risk in doing it.

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.

It's just a matter of choosing which one is suitable, trading or long-term investment. Having large capital is one of the plus points that can be utilized so that you can enter into any project. Buy bitcoin and hold it or make quick trades on high volume altcoins. Benefits can actually be obtained from anywhere. If I have large capital then I will do some trades and also buy bitcoin and Ethereum for the long term. it is quite comparable and trading also requires good analytical skills. Stay away from trading if you don't have basic knowledge or reliable analysis.

People don't have any concept but wish to be successful as a findings of which the success become very hard for them. Trading does not necessarily gives you worthy results so try to go in for learning about trading whether you become a part  of it or not because this learning will provide a base for your success when the state of affairs will against you.

We can invest in bitcoin without any thoughts related to defeat but in case of other altcoins we have no idea that how long it will be present in crypto space therefore do not think that investment is safe as investment is risky too but we can reduces this risk by choosing one of the best coin.

Yes that's right because the point is back to each of us who run it, any investment that looks like very profitable but still everything is the same, I mean you need a lot of good plans and also as you said the most important risk management, because it's useless even though for example you really believe in the benefits but you don't have self-control or proper risk management such as always installing stop los and also take profit it's the same the end result might be worse than you imagine. Especially as I said before that the market moves very volatile and it is almost impossible for us to predict 100% accurately there, okay now you might be for but a few hours later your position could be reversed, and that's the real risk. So yes with good planning it will be able to balance our profits and losses, but well like generally they are definitely more likely to increase their profits than losses in the way they can. I hope you succeed there, and do it consistently.



Well this is the main point, if you have a large capital and choose to allocate your capital for bitcoin investment compared to trading as in general it may be true that it will take a long time until you can get a big profit in the future, and the point is whether you can wait patiently or not. On the other hand, in my opinion, patience is not only needed to wait for profits from bitcoin but maybe other types of investments are the same,
if you have full patience and are also based on good planning then surely the results can also be in accordance with expectations.

To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us.  But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.

Of course, when we trade with no proper knowledge and lack of skills, probably will end up with loses. Trading requires good knowledge and skills, it is the basic thing needed. Without them, trading will be almost the same as gambling because nothing to rise the chance for the success. Gambling with a random way probably has no clear goal, we seems like only trading by relying on the luck only. If we rely on the luck, there is nothing different with gambling.

Indeed. There will be no success if we don't want to spend time for learning. Success in trading can't be achieved instantly, it needs time and process. Be an experienced trader first if we want to expect for success.