What people some people don't know about trading - page 4.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

Even in cases of luck, it doesn’t work like that. You must have to have put in some appreciable effort before you can win big in anything you want to do

Quote

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Trading can never be a rich quick scheme, if it was, many would have stopped any other method of making money and will focus more on trading. Just like any other job, you need to learn it consistently before you can become good at it. Depending on individual and varying knowledge of understanding, it takes little or more time for them to be perfected in trading. Trading is not an airdrop scheme where you don’t need to put in anything and get something, here your knowledge is required and time.

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Quote from: batang_bitcoin on April 17, 2024, 06:08:44 PM

Quote from: Best-mary on April 15, 2024, 12:42:36 PM

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Can be more of the time that they've allotted in trading. Those that are earning a lot with trading, you have to think how much capital they have. Because in trading, the lower capital you have ,the lower expected gain that you'll have as well. Sometimes, someone becomes lucky that their airdrop money becomes a lot and that also contributes to the amount of money that they earn as they need to trade that airdrop reward for actual money for their own gains.

Well, big capital attracts huge profits as well. But it also matters on how skillful and strategic a trader is, as not all big time traders end up with massive profits. So the length of time a trader dedicates in the market really matters a lot.

However, there are also traders that are actually born passionate with trading and they really are good in predicting market analysis, and with luck in addition, that will be easier for them to gain thousands of profits when trading even with lesser experience than other successful traders.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Can be more of the time that they've allotted in trading. Those that are earning a lot with trading, you have to think how much capital they have. Because in trading, the lower capital you have ,the lower expected gain that you'll have as well. Sometimes, someone becomes lucky that their airdrop money becomes a lot and that also contributes to the amount of money that they earn as they need to trade that airdrop reward for actual money for their own gains.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

Trading can never be a quick to get money business, nobody makes it immediately they start trading and still be able to sustain their profitability for a long time. Trading is a hard work, discipline and dedication business that pays off only when you have spent months learning how to perfect your trading skills and for some individuals it requires years then you can win more than you're losing before you can say you have become good at trading. Trading can not be learnt fully, you have to learn some things while you're already trading. You need to know the basics things and be willing to learn as you go further into trading. Using a shortcut for trading puts you in a position to lose everything that you have including not being able to have the experience that every trader should have because it helps them when they're making future trades.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

This is a trick by certain people or platforms to trap new people. Or, this is a naive hope for beginners in crypto who only see the results of the success of traders or investors in crypto trading. And in the end, if they can feel for themselves how this phenomenon works, yes, they will definitely feel cheated. because there is nothing instant to achieve success, especially in trading.

Quote from: Best-mary on April 15, 2024, 12:42:36 PM

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

That's the process. because after all, the trading process is very complicated. while we fully understand that trading, on the other hand, is very risky. So, even professional traders certainly don't have an easy time going through the whole process. But what is certain is that it is not easy to produce such large numbers. especially for those of us who are not professional day traders.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

Such types of people are assuming that trading is very easy and just buying and selling will make them wealthy in just a short time period but if they examine the reality then there is nothing more than losing their money in trading.

If one has got knowledge about trading, has full command of his emotions, knows better about when to buy and when to sell, as well as should mentally prepare that if they enter into the market they will surely see some loss and one cannot get quick earning in trading then they will understand better and will not fall into wrong thoughts like that of a gambler.

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Quote from: Gladitorcomeback on April 17, 2024, 12:09:21 PM

Quote from: iv4n on April 17, 2024, 08:38:05 AM

Those who earn massively in trading are the ones who are patient and can wait 1-2 years (or more) before selling. So you earn a lot when you do research, choose a coin, get into it with serious money, and then wait for years. That's how people earn a lot with trading, it's a quick process.
People who wish to earn quickly use leverage or futures trading, but those two are very risky even for experienced traders. In my opinion, both are like gambling, people can earn a lot pretty quickly but the risk is huge. So it's pretty simple, those who want to make a lot of money quickly are exposed to much greater risk than those who invest in projects that have a chance to grow and become more valuable over time.

Those who buy and hold cryptocurrencies for 1 or 2 years before they sell them are considered investors and not traders because a trader is supposed to buy something and sell it not very late after that. So if I'm buying Bitcoin, keeping it for 2 years or more, and then selling it when I see I'm getting enough profit from it, I'm an investor, but if I'm buying Bitcoin or other cryptocurrencies, waiting for a few hours, a day or two, or even a week, and then sell them back to get some profit, I'm a trader.

I also believe that a trader, if successful, earns more than an investor because even if an investor can earn a lot of money in the long run, a trader can earn double that amount if they stay active and keep trading because even if you earn 2% a day from day trading, you will earn 730% a year approximately since there can be ups and down.

Correct, and just imagine that trader who gets to win every of his 2% trade with no losses.. Only someone who has truly experience trading can. Is loss could be less than 5% from his every trade..

Even when it comes to investment there are a lot of ways investors make extra money aside from their profit they gain from investing. For instance, we're almost getting to btc halving yes. So there will be a lot of giveaways like the Btc Carnival that has high percentage return which depends on the amount you invest in like candybomb, staking etc..

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Quote from: adaseb on April 16, 2024, 12:31:11 AM

Yes it’s true, most of the people who get into trading do it to get rich quick. They don’t do it for the love of the markets. They watch Wall Street movies or go on Wall Street bets and see how some kids turned $1000 into $1,000,000 trading 0DTE options and they all want in.

Then they realize it’s not as easy as they read on the internet or watched on TV. They lose money and get frustrated and deposit more money and lose that also. Eventually they give up and find some other hobby. If trading was so easy then everybody would be doing it.

I don't know for sure if that is what they do. If is that, then that is very risky if you ask me. I agree with you that not everyone is ready or prepared to dedicate their time in really learning what trading is like. This reminds of the program Binance organised about blockchain in which I participated and it made me have a different view of the whole market. Same encounter I got from the Bitget Blochain4youth as well and they will be having another that will last for 3 month for European regions. This kind of program made me realise I have been reading and seeing web3 in general and trading wrongly.

Honestly, listening to genuine expertise could go a long way in trading or anything we dedicate our time to.

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Quote from: iv4n on April 17, 2024, 08:38:05 AM

Those who earn massively in trading are the ones who are patient and can wait 1-2 years (or more) before selling. So you earn a lot when you do research, choose a coin, get into it with serious money, and then wait for years. That's how people earn a lot with trading, it's a quick process.
People who wish to earn quickly use leverage or futures trading, but those two are very risky even for experienced traders. In my opinion, both are like gambling, people can earn a lot pretty quickly but the risk is huge. So it's pretty simple, those who want to make a lot of money quickly are exposed to much greater risk than those who invest in projects that have a chance to grow and become more valuable over time.

Those who buy and hold cryptocurrencies for 1 or 2 years before they sell them are considered investors and not traders because a trader is supposed to buy something and sell it not very late after that. So if I'm buying Bitcoin, keeping it for 2 years or more, and then selling it when I see I'm getting enough profit from it, I'm an investor, but if I'm buying Bitcoin or other cryptocurrencies, waiting for a few hours, a day or two, or even a week, and then sell them back to get some profit, I'm a trader.

I also believe that a trader, if successful, earns more than an investor because even if an investor can earn a lot of money in the long run, a trader can earn double that amount if they stay active and keep trading because even if you earn 2% a day from day trading, you will earn 730% a year approximately since there can be ups and down.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency, and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

That person who is saying that trading is very easy and they can make money easily from it is the stupidest person I have ever seen. Don't listen to this kind of people they will experience a huge loss and if you follow them you will also face a big loss. Yes, people are making handsome funds from trading and I saw them but we only see their income, not the struggles they did for this level where they making a lot of money. Trading is very hard it requires full-time consistency and patience as well. You will face many rejections and failures but if are consistently working you will be successful in one day and from that day your every move in trading will give you money.

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Quote from: Frankolala on April 16, 2024, 11:07:02 AM

Trading is the opposite of what people think it is, just because they have been listening to influencers that are liars just because they want to advertise an exchange, telling them trading is easy and showcasing their riches on the internet to make people fall for their lies.

I think this is one of the things that gives beginners much confidence to enter the market without fear of lose of money even without having any knowledge about trading. Most trading influncers don't tell beginners the truth they should know, they make them to believe watching their videos about trading is enough to give profit if they starts trading. I expect crypto influencers to encourage beginners to take learning very serious because trading as a beginner is never easy instead the influencers convince people to watch their videos that can't help them in realising money from it.

This videos from influencers are not enough to help people through in trading as beginners. Beginners needs more time to be spend in learning trading because rushing to make profit from trading without a better understanding will make one to get into more mistakes.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Those who earn massively in trading are the ones who are patient and can wait 1-2 years (or more) before selling. So you earn a lot when you do research, choose a coin, get into it with serious money, and then wait for years. That's how people earn a lot with trading, it's a quick process.
People who wish to earn quickly use leverage or futures trading, but those two are very risky even for experienced traders. In my opinion, both are like gambling, people can earn a lot pretty quickly but the risk is huge. So it's pretty simple, those who want to make a lot of money quickly are exposed to much greater risk than those who invest in projects that have a chance to grow and become more valuable over time.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Those are crypto influencers that you can find in every social media, saying that trading is just very easy way to make quick money. Not just fast money but big amount of it. Nevertheless, if you are crypto enthusiast and at some point trade like spot trading, it's not an easy as it sounds. It takes time to learn and obviously capital, at least a minimum of $100 to just get the ball rolling. And majority failed at the beginning, and never come back, or just push themselves to become successful. And you will hear those successful traders says that it's very hard. With that, I believed that it is not for everyone though, you can try, but it takes some kind of discipline and resiliency to be a successful crypto trader. So yeah, you need to put a lot of work to earn that kind of money, it's a job and so with that, it's not going to be a simple as claim by others.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

That is without a doubt a massive misconception, any job that can produce that kind of money requires a great deal of commitment, just take a look at doctors, which in most countries that is one of the best paid professions, but in order to become one you need to study for many years before you begin to earn any kind of serious money, trading is the same, anyone that wants to earn a lot of money through it needs to put forward a lot of effort, and if you are not willing to do it that is understandable, but then you should not expect to get those impressive results.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

What you need to understand is that there is no money or any results as long as someone doesn't work and never learns how to work, which is the bridge in trying to achieve something. That's what you need to remember now, especially if you have seen for yourself people who can earn money after dedicating their time for two years to studying and then only being able to reap the results. There are even those who have had no results in trading for more than three years, so the important point here is to keep trying very hard and also be very consistent at something so that the results can be very clear.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Actually you are right, most successful traders do takes a lot of time and effort to gain skills, knowledge and experience through trading to accomplish what they are now today but they also not wrong, trading is a quick to get money as if the price goes high, they can sell it and they have a profit but also trading is also a quick way to lose money so the context is just incomplete. In trading, if you can get money quickly, you can also lose money quickly, it's like a gambling but you have an edge here as you can use technical analysis and fundamental analysis to make a decision.

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Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Well those that think trading is a get rich quick scheme, usually endup losing all their funds due to act of trying to keepup with such mindset. trading is really challenging and all that , that one doesn't just require more knowledge or being consistent , but having alot of cash to trade. Because those that doesn't have enough funds in trading usually get greedy . Interms of trying to make more profits within a short period of time which may endup getting rekt. So for one to be successful in trading he or she need to dedicate their times , effort in it by learning more about it , having some good self-control, and having some good risk management. And you are being trading but haven't seen any progress in it , I will advice you to stop and focus in accumulating more bitcoin using DCA and hold. One don't require any technical knowledge to hold just some basic good knowledge and you good to go. Wink

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Quote from: Sanitough on April 16, 2024, 05:00:59 PM

Quote from: sokani on April 16, 2024, 10:29:15 AM

I've come across many videos on social media by professional traders and obviously the impression they're giving is that trading is get rich quick money scheme, which is not true. They make it look so easy by feeding their audience lies that within a month they can actually gain mastery and earn up to $5k. Perhaps, the end goal could be to get the subscription fees from them. Newbies should not be deceived, trading is not ABC, it takes time, patience and hardwork to learn the ropes.

That’s the reason why majority of social media influencers cannot be trusted. They seem to act more greedy than selfless. Instead of opening our eyes into the reality of trading, they even feed us with wrong concepts and make us believe that trading can make us rich quickly, when in reality it’s the opposite, trading can quickly leave a mess and ruin all our funds if we enter trading without knowing. This is why we shouldn’t be trading and risking our funds if we don’t have sufficient knowledge and understanding on how trading works in the market.

That's right, and as we know that lately there are a lot of influencers who broadcast these promotions and besides that they also sometimes become one of the figures filling out an advertisement for several types of trading brokers by saying things that at first glance look and sound very tempting and of course as a result many people are interested in getting involved in the world of trading with high hopes of getting a lot of benefits to change financially in life, when in fact when you have entered a market then that's where you will start to get confused especially in response to the many losses that make your money disappear significantly.

However it is a correct and realistic statement that trading is not an intermediary for getting rich quickly, in any case success does not come by itself but success must be picked up or pursued with dedication or sacrifice and unusual hard work and this is the reason why not everyone can be successful in any field including trading, so I hope you or whoever it is not easily attracted by everything that looks tantalizing that comes in a short way, of course the solution is always to use common sense and rational point of view so as not to regret it in the end.

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Quote from: sokani on April 16, 2024, 10:29:15 AM

Quote from: Best-mary on April 15, 2024, 12:42:36 PM

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

I've come across many videos on social media by professional traders and obviously the impression they're giving is that trading is get rich quick money scheme, which is not true. They make it look so easy by feeding their audience lies that within a month they can actually gain mastery and earn up to $5k. Perhaps, the end goal could be to get the subscription fees from them. Newbies should not be deceived, trading is not ABC, it takes time, patience and hardwork to learn the ropes.

That’s the reason why majority of social media influencers cannot be trusted. They seem to act more greedy than selfless. Instead of opening our eyes into the reality of trading, they even feed us with wrong concepts and make us believe that trading can make us rich quickly, when in reality it’s the opposite, trading can quickly leave a mess and ruin all our funds if we enter trading without knowing. This is why we shouldn’t be trading and risking our funds if we don’t have sufficient knowledge and understanding on how trading works in the market.

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Trading is not an easy job, besides there are many things to learn, we also have to be able to know ourselves mentally and also manage our finances.
And the most important thing is to avoid the get-rich-quick mindset, because the more you think, the faster you get rich from trading, what happens is just the opposite, the faster you get poor and this must also be thought about. And make this your fear before doing or making a decision, so that you really do it well and very carefully.
It's not easy to become a successful trader, because we don't know how long it will take them to learn everything about trading and themselves well, especially knowledge about trading. Because sufficient understanding and knowledge is a very important foundation for becoming a profitable trader and this also takes quite a long time, and returning to what I said earlier, we have to know and identify ourselves well and how long we can master it. And if you learn quickly, understand everything related to trading, then trading is most likely for you. And if you're slow and always losing money, it's best to back off.

Topic: What people some people don't know about trading - page 4. (Read 849 times)