Why does everyone want to trade? - page 7.

Sayeds56

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Quote from: Cryptmuster on November 12, 2022, 07:49:23 AM

Many people want to try their hand at trading because they see it as an opportunity and at first it seems like it's a simple task until you get deeper into it, and then you realize how difficult it is. I only trade spot because it is safer and less risky in my opinion. Trading is not for everyone, but everyone wants to try it to see their results.

Most of the people think that it is very easy to make money in trading, but the truth is that very few succeed and rest of them lose all their invested capital, (particularly in future and margin trading which is highly risky) because they jump in this business without learning technical indicators & risk and money management skills. Tading is job of professions who use technical charts to make entry and exit at the right time and as well as they secure their trades by using risk and money management tools. for beginners, it is better to trade in spot market unless they learn all required skills.

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Many people want to try their hand at trading because they see it as an opportunity and at first it seems like it's a simple task until you get deeper into it, and then you realize how difficult it is. I only trade spot because it is safer and less risky in my opinion. Trading is not for everyone, but everyone wants to try it to see their results.

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As for me, I have not tried binary options trading at all because I think that it has a lot of risks, especially for beginners or those who trade in scam platforms, these platforms often promise investors a big and quick profit, but often these end up losing their entire money as happened with your friend, I advise new traders Stay away from binary options and use spot trading as it is less risky.
But even spot trading is not completely safe so in a highly volatile market like the crypto market it is better for novice traders to invest their money in the long term in a reliable coin like Bitcoin because it is safe and has one upside trend in the long term.

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Quote from: QueenVera on November 12, 2022, 04:49:09 AM

Quote from: Wakate on November 11, 2022, 07:59:29 PM

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.

Not them only hearing but because of the easy ways to decieve people on the internet, many new users have been exposed to the idea that all traders are making a killing of the market without realizing that most of those screenshot of profits that they see online are fake and those traders they think are succeeding are all lying.
Infact most traders we see on social media living all those luxurious life gets their money from the courses that they're selling instead of the trades that they make.
Trading isn't as easy as people make it sound, if you want to pick a profession from it then you have to be determined and not get distracted by the paid groups and signal people advertise online, stay determined and you could get something from the field.

that's why many beginners end up joining paid groups to copy or follow the given trading signals. the reason is they are of course still new and don't have enough skills and analysis to get started on their own. so to still be able to trade and earn they join paid groups. although I'm sure it won't guarantee a profit either. if the loss group will blame market conditions. if the signal is accurate they will proudly call them great.

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Quote from: Wakate on November 11, 2022, 07:59:29 PM

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.

Not them only hearing but because of the easy ways to decieve people on the internet, many new users have been exposed to the idea that all traders are making a killing of the market without realizing that most of those screenshot of profits that they see online are fake and those traders they think are succeeding are all lying.
Infact most traders we see on social media living all those luxurious life gets their money from the courses that they're selling instead of the trades that they make.
Trading isn't as easy as people make it sound, if you want to pick a profession from it then you have to be determined and not get distracted by the paid groups and signal people advertise online, stay determined and you could get something from the field.

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Quote from: Wakate on November 11, 2022, 07:59:29 PM

Quote from: ?? on ??

I think that this desire is quite understandable - it allows you to make a profit. And I think it's really worth considering.

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.
There are so much risks in trading which many newbie traders have not gotten idea about because of there quest to make money but gat not basic understanding how the trading world works. People are still looking at trading as a fast way to make huge money based on what they have been hearing and results they have been seeing online.

The initial view of trading for beginners is that it is easy to make money. but after they trade, they will understand the difficulty because it is not as easy as they imagine. a lot of knowledge that must be learned including techniques and self-control as well as financial arrangements in trading. everyone will go through a process to gain trading experience, to be equipped to achieve trading for living

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Everyone wants to trade to make a profit, and due to the volatility of the cryptocurrency market, short-term trading may be more profitable than investing.
But trading is not suitable for everyone. Although trading sounds easy, it will be difficult at the beginning. You need to have enough experience to observe the timing of buying and selling, and you must take certain risks.

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Quote from: ?? on ??

I think that this desire is quite understandable - it allows you to make a profit. And I think it's really worth considering.

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.
There are so much risks in trading which many newbie traders have not gotten idea about because of there quest to make money but gat not basic understanding how the trading world works. People are still looking at trading as a fast way to make huge money based on what they have been hearing and results they have been seeing online.

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Quote from: d3nz on November 10, 2022, 12:12:31 PM

Quote from: Slow death on November 10, 2022, 11:02:23 AM

Quote from: LUCKMCFLY on November 06, 2022, 06:31:41 PM

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

This is a very hard situation for all of us. We really need a lot of effort and please people to have a good job and salary that's why if you got a job don't resign and make a living with trading. It would be much better to have a job and learn trading more and get profit on it.

A lot of people are saying to hold for your asset but I think that this is an old strategy since we all know that market is very volatile and the best strategy is to always have a plan setting up a stop-profit and stop-loss would be a great tactic to survive on market.

Easy to say but it would really be hard to be done considering that trading does really need time to learn and does need time for you to get deal with it.You cant just dip yourself and then just simply make out

some orders without having any considerations on applying out some analysis.Having a day job would really make things even more harder for you to deal with.This is why proper time and risk management is

something that you do really need.Speaking about on how everyone is really interested on doing trading then it is of course for the benefit of potential profits which
you could able to save up your ass with this never ending and stopping inflation and economic problems.

d3nz

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Quote from: Slow death on November 10, 2022, 11:02:23 AM

Quote from: LUCKMCFLY on November 06, 2022, 06:31:41 PM

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

This is a very hard situation for all of us. We really need a lot of effort and please people to have a good job and salary that's why if you got a job don't resign and make a living with trading. It would be much better to have a job and learn trading more and get profit on it.

A lot of people are saying to hold for your asset but I think that this is an old strategy since we all know that market is very volatile and the best strategy is to always have a plan setting up a stop-profit and stop-loss would be a great tactic to survive on market.

Slow death

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Quote from: LUCKMCFLY on November 06, 2022, 06:31:41 PM

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

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Quote from: RealMalatesta on November 10, 2022, 06:38:32 AM

Quote from: Silberman on November 06, 2022, 09:57:25 PM

snipped..

That type of learning curve would take incredibly long and that means you would have to spend already limited time of your life into learning how to trade as well. I understand not wanting to learn how to trade, THAT part makes sense because I never enjoyed it neither, I ended up learning about it eventually because I spread the information into many months and even years and that’s why I learned it, but not wanting to learn anything about trading makes sense because of the insane amount of time it requires to be a master at it.

The problem is not the part where they don't learn, it’s the part they still trade even though they didn't learn how to, you can just not learn a thing and not do it as well, but you can't both not learn it and then do it, you will fail.

In fact, we don't have a reason to push ourselves to the thing that we don't have an interest in as we only just fail and lost our money. If people are learning to trade, I could assume that their interest is strong but what exactly happened is that many of these people had turned down after suffering losses on their first try. Most of us just underestimate trading, we just think that trading is so easy so we can see that people are rushing into it especially when they saw some successful traders showing their luxuries and lots of money.

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Quote from: MainIbem on October 30, 2022, 05:11:23 PM

So my question is; does those who started trading on binary faces this same issues?

I consider binary option is similar to gambling, you just pray the price to match your decision and hoping to get money. You can still apply analysis like in trading in terms of TA and other strategies. But you can't stop loss/cut loss like in trading, so if you lose then you lose all of your wagered money. That's why I don't like it at all, it's considered a gambling imo.

Quote from: MainIbem on October 30, 2022, 05:11:23 PM

And if yes how much have you lost so far?

$2, it was when secondstrade was still exist on that day and I regret it so much even though I just spent $2 on it.

Quote from: MainIbem on October 30, 2022, 05:11:23 PM

How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

You won't. You won't be a perfect trader even if you already experience it in next 10 years. Even master in trading can also lose because unexpected stuff happens. At least they know how to handle it with so many experience they got during every trading they did. But be a perfect at it? That's impossible.

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Quote from: Silberman on November 06, 2022, 09:57:25 PM

And that is why so many newbies lose their money to scammers, they want to avoid the learning process and this is not possible, all the expert traders which have traded stocks for decades and which are legendary for their accomplishments were not born that way, they also made the same mistakes many of us did or still do, the difference is they did their best effort to learn from them and eventually they became experts at what they do, but newbies want to skip all of this and they believe that by following signals and pump and dump groups they will reach their goals, something that we know will never happen.

That type of learning curve would take incredibly long and that means you would have to spend already limited time of your life into learning how to trade as well. I understand not wanting to learn how to trade, THAT part makes sense because I never enjoyed it neither, I ended up learning about it eventually because I spread the information into many months and even years and that’s why I learned it, but not wanting to learn anything about trading makes sense because of the insane amount of time it requires to be a master at it.

The problem is not the part where they don't learn, it’s the part they still trade even though they didn't learn how to, you can just not learn a thing and not do it as well, but you can't both not learn it and then do it, you will fail.

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Quote from: LUCKMCFLY on November 07, 2022, 06:33:39 PM

I think that many people want to do business for the simple fact that they see many social networks, where most of the advertising is due to trading and some influencers only dedicate themselves to showing a life full of luxuries, and obviously some of them are pure lies, who only live by selling some of their courses, but the truth is that I don't believe them, I know there are people who really want to help others and give them signs and they like it, but there are very few, at least they do It is that they demand money to do their courses, I think they are very sell smoke, it is for such a reason that for trading the best thing is to learn by reading books.

Most of them are just purely lying and just showing off those extravagance and luxuries in living which it would really make some glance up their eyes and been easily hooked up and getting interested on what are these

people are up to or the thing that they've been doing and this is where these dudes do really take advantage on someones lack of knowledge and also their greed.

This is what do sparks their eyes when someone do really earn huge amounts of money and once they do know that they are doing trading then they would
simply also jumps in and do really believe that they could able to achieve similar thing.

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I think that many people want to do business for the simple fact that they see many social networks, where most of the advertising is due to trading and some influencers only dedicate themselves to showing a life full of luxuries, and obviously some of them are pure lies, who only live by selling some of their courses, but the truth is that I don't believe them, I know there are people who really want to help others and give them signs and they like it, but there are very few, at least they do It is that they demand money to do their courses, I think they are very sell smoke, it is for such a reason that for trading the best thing is to learn by reading books.

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Quote from: ?? on ??

I think that this desire is quite understandable - it allows you to make a profit. And I think it's really worth considering.

That is why gambling in any form becomes tempting to any person, the emotion involved here is greed which needs to be controlled.

The OP's relative did not do pure spot trading but binary options which is a type of prediction game. These companies that run such schemes have demo accounts first to allow you to try the game, but often such demo accounts are rigged to show that you gain a lot instead of losing a lot, often shown by youtubers who promote these apps. This temptation leads to them deposit real money and then run the game where in they lose a lot of money.

Spot trading on the other hand needs a lot of homework - analyzing charts, observing patterns of movement and checking current indicators before placing orders.

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Quote from: Silberman on November 06, 2022, 09:57:25 PM

Quote from: Xampeuu on November 06, 2022, 10:23:40 AM

the learning process is unavoidable, in fact we sometimes have to give up our capital to trade, but from it all will shape our trading character which we can have by increasing experience in trading. therefore if we see successful people in trading, then we must be interested in the story to become successful, don't just see the results, and I think this is what makes many people tempted by the trading results of those who have been successful

And that is why so many newbies lose their money to scammers, they want to avoid the learning process and this is not possible, all the expert traders which have traded stocks for decades and which are legendary for their accomplishments were not born that way, they also made the same mistakes many of us did or still do, the difference is they did their best effort to learn from them and eventually they became experts at what they do, but newbies want to skip all of this and they believe that by following signals and pump and dump groups they will reach their goals, something that we know will never happen.

It would be naive for a beginner to expect that he can be smarter than those who graduated from Harvard and Oxford, who manage multimillion-dollar funds. And if at some point they manage to take ten dollars from them, then next time they will certainly lose ten times more.

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Quote from: Xampeuu on November 06, 2022, 10:23:40 AM

Quote from: Yamifoud on November 06, 2022, 08:50:26 AM

Quote from: palle11 on November 05, 2022, 05:18:32 PM

Quote from: uneng on November 05, 2022, 02:38:08 PM

And just to conclude, not everyone wants to trade. People are currently more aware about its risks than in years ago.

The risk of trading is very high and this is why even a winning trade can turn into a losing trade if you don't go off the market earlier enough to take your profit. Trading isn't for everyone, you need to have some qualities before you are able to do trading efficiently, like patient, being analytical to identify even little details, being a decision taker and money manager.

I do trading and lose a lot of money but I never quit as I know that all of these things will happen as we are learning. It can't be perfect right away as it takes a few months or even a year to totally understand how trading works and of course, it takes time to develop and improve our skills. In fact, before these experts reach their position today, they had also suffered difficulties and emotional stress like what we feel. But because they aim to become a trader, they tried to deal with all of these things and yes, success is really waiting for them.

the learning process is unavoidable, in fact we sometimes have to give up our capital to trade, but from it all will shape our trading character which we can have by increasing experience in trading. therefore if we see successful people in trading, then we must be interested in the story to become successful, don't just see the results, and I think this is what makes many people tempted by the trading results of those who have been successful

And that is why so many newbies lose their money to scammers, they want to avoid the learning process and this is not possible, all the expert traders which have traded stocks for decades and which are legendary for their accomplishments were not born that way, they also made the same mistakes many of us did or still do, the difference is they did their best effort to learn from them and eventually they became experts at what they do, but newbies want to skip all of this and they believe that by following signals and pump and dump groups they will reach their goals, something that we know will never happen.

LUCKMCFLY

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In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

Topic: Why does everyone want to trade? - page 7. (Read 2304 times)