What people some people don't know about trading - page 6.

Ahli38

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Quote from: Best-mary on April 15, 2024, 11:42:36 AM

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?

To become a reliable trader requires quite a long time to learn and gain experience in the market. What beginners don't know is that they think after reading and watching lots of how-to trading videos they will instantly become experts. And that's a big mistake. Because in fact the biggest defeat for novice traders is not due to their stupidity in technical analysis. but most novice traders experience defeat because they are too confident and don't understand how to manage their emotions when trading. So many novice traders lose because they are greedy or because they panic too much. To learn how to regulate emotions requires experience in the market. And this is what is very important for beginners to understand. That trading is not a get rich quick scheme. and also cannot be learned while running. Everything must be learned slowly while gaining experience in the market little by little and there is no need to rush.

Adbitco

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Is 1-2 years sufficiently enough for one to learn trading or do you think those who are well known traders just started a day to began making profits while they trade? Well, I can't really tell when is enough for one to learn trading, what I understand mostly is when you think you can be able to manage your funds and have little or no lose while trading, although trading entails one losing but that doesn't mean someone will always record high level of lost but at least not much. Trading is not what one can say he has all the technicalities to keep making profits while trading, but to be able to manage your funds and reduce lost or your profits takes over the lost. People always have this picture of making huge money while trading without knowing it needs dedication and sacrifice (time & reading) to be able give to out meaningful results.

Nrcewker

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Absolutely correct OP. Many people think trading is easy money. With trading you will become rich overnight. Hence many dive into this field in greed to make money in short amount of time. They need to understand that trading always comes with high risk. Moreover unlike any other task, trading also requires some knowledge and practice. If you don’t educate much about trading, then no one will save you from making losses.

jossiel

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Quote from: Best-mary on April 15, 2024, 11:42:36 AM

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?

Not just 1-2 years of experience but more of that and think of how much they're able to lose before they've learned the lesson, that's for sure a lot of money that they've used.

The effort that they've exerted and the time that they dedicated in trading to learn and master it can't be compared to anyone who's saying that it's just a way to earn quickly.

Let them trade and see how hard it is to read the market even if you're good in technical analysis, this market is so slippery that sometimes they don't even work.

Faisal2202

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Quote from: Best-mary on April 15, 2024, 11:42:36 AM

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

Well said, I read a quote today where they say, life changes in one night, and that night takes years. So basically people saying I made such money overnight are sometimes not counting the time they have spent on it. I am not talking about others, I am talking about the one who got that one night and changed his life. Those are sometimes also saying they achieve this over night. I know they didn't but they should add that time also.

Trading is not easy, but it also not require us 2 years of experience to make good money, we can't get rich over one trade, you might heard of that Japanese dude (Takashi Kotegawa) who turn $13,000 into 153 million dollar in just one trade. But you must not heard of his backstory. How he gambled all that. In my sight it was gambling and he was a bit lucky. Point is, we should really see the efforts that other is making not the money he is making.

BABY SHOES

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That person never knows how risky trading is, if only one thought how to get money fast then it is wrong, usually say this is a layman.

Trading is not an easy matter you have to study longer depending on your ability to work hard to understand everything because in trading it will drain a lot of thoughts so it will take a long time.

Working hard will not betray the results, behind it all the traders will feel the big losses.

You can earn 50-1000K if you are professional and apply everything in trading.

Oshosondy

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Quote from: Best-mary on April 15, 2024, 11:42:36 AM

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

Such people will trade and lose as fast as possible because they are trading like they are gambling.

Quote from: Best-mary on April 15, 2024, 11:42:36 AM

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

The amount you can earn will depend on your trading fund. It is possible that you can earn less than $50 daily or weekly if you start with low amount of money as you minimize your risk. As you minimize your risk so you are minimizing your profit but which is the better tactics to win more in trading than lose.

But it is good to know that trading is very risky as you are looking for profit losses my be the result.

Best-mary

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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?

Topic: What people some people don't know about trading - page 6. (Read 960 times)