Topic: What you need to know about trading - page 3. (Read 936 times)

I think it's not good to advise them to quit trading. Yes, maybe they quite lose some money or amount, and maybe they are suffering from it, but maybe because they keep on losing in trading, it's because they lack something, and what is it? maybe knowledge and experience, maybe they didn't have enough knowledge earn in trading and if they do, they still need to deepen their knowledge to concure every situation in the market. experience. We have a saying that experience is the best lesson, so maybe there will be a point where they can become successful in trading. God has a plan; not everyone can become a successful earner in trading. Maybe what we can consider to advise to quit trading are those who don't want growth in their skills, are content with the little knowledge they have, and keep complaining about why they can't earn in trading.

Trading means taking risk or risking your money for profits. Now you need to be mature enough to understand that, when you take risks, there is equal probability of getting losses as well as profits. So we need to be prepared for both. Trading doesn’t mean making tons of money always. With high risk, high rewards come and along with this high chances of loss also comes. What we can do is just do the market analysis and reduce the risk and increase our chance of winning.

There will be some people who will reject your assumption even though it is basically true, for people who are scientifically illiterate but very open to the name of profit they will not care about ideas that will hinder them. Many come because they are motivated by others who are successful and make huge profits from trading, they want to have the same fate but the problem is that they do not bring any preparation and fishing tools to get, isn't it nothing more than gambling? yes I would say that if anyone gets involved and enters the world of trading without having any understanding and knowledge, because they will only depend on luck.

With that said, I would agree with your statement that "trading is not for everyone", and I would add one thing "there is no instant wealth in trading". Before you jump in and get involved because you are motivated by the success of others then I hope you should first see what difficulties they faced in the process of achieving it, if you already know and have the answer then I'm not sure you will still be convinced to get involved. Basically, there are so many things you have to prepare, good planning, money management, emotional and psychological, patience, consistency and willingness to continue learning to improve. So think and consider again if you want to get involved.

We all know that people are interested in the positive aspects of a subject, no one ever thinks about the negative aspects. People are interested in trading by looking at its positive side, you don't want to remember that someone has lost money by trading but if someone you know makes money by trading it will encourage you and make you interested in trading. Being interested in trading after seeing the profit of others, we decide to trade directly but before trading we do not think so much that we have a lot to learn about trading before trading. Trading is very easy for those who have no idea about trading but for those who have been involved with trading for a long time, trading is not at all easy. A trader has to risk money before trading and that trader has to be sure that he is risking money in the right place. A lot of market research is required for trading. A trader should understand these issues before engaging in direct trading.

Every traders knows a day will come when things won't go smoothly but sometimes they forget about this when it happens due to how painful some of this losses are. The losses can be so painful because it took all or most of the profits thay have made in a very long time. When this losses always come is when we start been greedy or when we start thinking that we have become so good that the market can't win us but the market make us to regret those words.

Any individual that wants to be very successful at trading needs to know that when the days are rainy, he has to prepare for when the rains stores, by always saving. Always take profits and reserve those profit instead of using all the profits plus your capital to enter the market again. Giving up too early because of few mistakes is wrong, you have to make sure you have confirmed that trading isn't what you are going to use to make money before you quit trading finally.

I read through what you feel that everyone has to know about trading. Your post is in line and understandable.  But with respect to your post title, I feel that what you need to know about trading is that TRADING IS NOT FOR EVERYONE.

YES, you read it clear. If you lose and keep losing, quit trading and find some other things to do. Trading is more than profits and losses, it takes patience and emotion to survive in the trading market.  If you have tried trading for sometimes and no matter how careful you applied your strategy,  you still don't succeed.  Please consider to quit trading.

because there are no traders who have just started trading and suddenly become very pro or lucky with their profits.
Everything is achieved of course through hard work and consistency in learning. because traders cannot continue to profit, even when they have enough experience, they also experience losses.
beginners who want to quickly profit in trading, it is better to be patient. enjoy the learning process. and of course, don't give up easily. If you are impatient, it is better not to trade.

But in reality it is not like that, those who do trading always think of profit, even before they really understand what trading is. After they make a trade and then they experience a loss, they start to say that trading is very bad, when if we look at it it all comes from their mistakes. Trading is not as easy as it looks, even a professional still has difficulties and mistakes in analyzing market movements.

Those who are like that are people who see other people's trades, it is undeniable that now there are many influencers or content creators who make content about their profits, which is what causes many people to misunderstand trading.

Many people do not make inquiring before they entered into trading and the things is one of the things that makes to lose in trading, so I believe in trading you have to understand the basics things of trading before you venture into trading, because the success of trading is ability to know when to enter into trading and when not to enter into trading, so therefore when we think of trading we think of the hindrance of trading, the inpatient you are emphasising on a traders is when you have not understand the rudiments of Trading is when you be inpatient in your trading and also in your investment.  But when you have peruse into trading and understand the concepts you know when to trade and when not to trade and also know when to purchase for investment and when not to purchase for investment.

They can just think about the profit if they are capable enough to trade and claim that they are knowledgeable enough. But as long as they are still learning, they first think and focus on analyzing the market and helping it understand with the help of these trading tools available online. They should think about preparation first before thinking about earning as it is easy if we are already fully equipped with knowledge, skills, and strategies as these are the tools needed in order to succeed.

What I expected you to say concerning trading is that the beginning of success in trading is been determined by the observation and been acquire the rudiments of Trading before any other things, because when you don't know the rudiments of Trading and you venture into it, its obvious that you maybe venture into disadvantages of trading, so therefore a trader most know all the necessary measures to get ruined of loss and for a trader to escape losses that means it most know the negative impact of trading and positive impacts of trading.

Achieving success in a trading is something we have to know that is dependable based on the strategies we apply before trading, their is some people who doesn't know anything concerning trading but they end up losing but if you know the tactics of trading I believe that theirs nothing will make you as a trader not to make a profit, so successful trader have undergoes many training that makes the trader to overcome loses and also be able to identify when is supposed to venture into Trading at the right appropriate time.

I agree completely. Trading and investing can be a challenging path, with periods of loss and setbacks that can test our resolve. However, it's important for investors to remember that these obstacles are an integral part of the learning process. Instead of giving in to discouragement when faced with losses, we can leverage these experiences to refine our strategies and emerge as more skilled traders.
So, maintain your focus, persevere through the tough times, and never lose sight of your trading objectives. That’s what I’ve done, and what most experienced traders have done. I would recommend the new investors not start investing on their own initially. Having a mentor is a big bonus especially when you’re starting out. You could find communities that offer clear evidence of successful strategies and start from there.

Patience is really important in these situations. When we are patient, we prevent panic from dominating us. At the same time, when we are patient, we do not make sudden movements and do things that are difficult to undo. In fact, patience is one of the key words for the market.

The time in the market is also very important in trading. Because even though you do the right things in trading, sometimes things do not go well due to the stagnation of the market. Even in such a situation, there is a lot to learn in trading. I agree with what you said. Giving up can prevent us from being successful. We should always try to learn and make smart moves. In some rare cases, giving up saves us from greater losses.

There's a lot of negativity in this writing, even though responding to cryptocurrency trading doesn't have to mean risking everything in your life. It's just a part of the world's existence, and when it comes to trading, going all in isn't necessary. If you find yourself complaining a lot because you're always unlucky in your trading decisions, take a moment to pause and conduct a thorough evaluation. What's the main cause of your failures in trading? Is it emotions? Financial management? Expectations? Or something else?

Treating trading as something small will prevent you from getting too emotional when making decisions. It's probably better if you only complain about and reflect on the losses you experience in trading. If you don't want to feel the pain of learning, you'll suffer from ignorance in the future. Enjoy the learning phase of your trading now!

Impatient people are not ideal for trading.

And what they need to learn is not it's not always about the profit that's being bragged by other traders. It's because there's always a story behind the success of someone.

Those profits that they brag probably have gone through a lot of losses before claiming it.

Trading activities seem easy when we have never entered them. And in my heart I also said that it would be easy if I entered it. But then after I entered it and I was only thinking about making a profit that's when I let my guard down and underestimated the trade which turned out to be much more difficult than I originally thought. Then I realized that I had to learn more before entering it or even while practicing it. And in the end I also traded while learning it slowly with minimal capital which was still able to keep my mentality stable. And yeah it's a long process. Because even now, sometimes I still make a lot of mistakes, especially when it comes to controlling my emotions. But with good risk management, I can avoid fatal losses. And don't be greedy when making a profit. Because after I studied trading, it turned out that the most difficult thing in trading is controlling greed and fear. Someone told me that experience would teach me a lesson in this matter. And it turns out that now I am starting to understand the meaning of these words. What is true is that mental and emotional resilience in trading will be increasingly honed after we have a lot of experience in trading itself. Our thought patterns will change over time. What initially only thought about profits has now increased by also thinking about the risks of loss and how to overcome and minimize them.

Yes, it is true that it is important for us to be able to control our emotions when trading because what we do is money from our income and if we don't do it carefully, it will be very easy to lose the money we have in the trading we do and it is also very difficult to can trade if we do not have a good understanding and control of emotions when trading.

For those who have large capital, they can easily collect more coins that they want and of course they already know well about the coins they choose, for me it is very difficult to trade, we have to really understand it well and also have to do it all the time. monitor market price movements.

simply know that emotion influenced trading and decision making will lead to a loss. moreover, the market might not behave like described in text book technical analysis there's so much thing actually that you need to know to succeed in trading, there's reason why many people out there are deiciding to retire from trading because they think they're not good enough and trading in itself is mentally exhausting.
basically you need to go against the people that have big capital, also those that posses the coin at large amount which are ready to dump whenever they like.
you need to contend against those and make your own feat by buying low selling high, therefore even though trading was being pictured as easy if youse those influencers its actually really hard.

Trading has its inevitable losses. You don't trade because you aim for bigger profits quickly, you will only be successful and profitable in trading through learning from your trading mistakes and losses.

Trading is not only a battle of mental and physical skills, but behavior also matters a lot. Be patient so you won't create hasty decisions, and stay positive despite of the losses you incur from your trades. While trading is hard and tough, but it can always be learned and mastered overtime. Just never quit as winners never quit.

Yes, but it's a good idea not to trade if you don't want to lose your money, because in trading you have to be ready to lose money, and be ready to face the risks that occur.
Even though trading can be learned on a demo account, in my experience it still won't be very effective, because this is just a demo account and the sensation will be different from what you feel on a real account.

Note: even if you lose money in a demo account, it will not affect your psychology, and you can reset the money in a demo account, as opposed to a real account, in a real account if you want to get your money back. you have to top up again even if you lose, you must be curious.
okay, keep in mind that if you make a profit on a real account, psychologically you will be greedy and want to increase your results and returns continuously.
So, trade if you are truly ready to accept the consequences.
#that's what I experienced.