Well, even with some knowledge trading can be difficult because unlike in a bull market where everything will eventually go up, when markets are too volatile it makes investment and exit strategies much more difficult. So it is a matter of timing and not getting that extra advantage from a green market. Knowledge helps but not so much if the above is relevant for your basket of digital assets.
So, not knowing enough about a market, not knowing when to enter/exit and not following the trends are all factors that can lead any trader to its demise which is why trading is risky, though again you can't get rewarded without proportionate risk.
Topic: Why newbies lose huge money in trading - page 19. (Read 3356 times)
There's no way that beginners can protect their money if they don't study first how trading really works before entering , because it's really necessary to educate our self first especially in such way of making money which so volatile and sometimes very unpredictable. If you don't take it seriously in order to avoid losses then you don't have a consideration when it comes trading your money. For me much better to quit because you will not become successful on that way and you're just wasting money.
It is better to amend the topic to “What are the things that make beginners lose a lot” as some beginners succeed in making a lot of money, but they make some mistakes that make them lose, the most important of which is relying on emotions and not accurate analysis of the market.
We always make a lot of mistakes, but the most important thing is that we correct those mistakes and continue to learn, as it is what makes us reduce losses.
Also, newbie that is not related to time may invest since 2010, but their information and ideas are still ideas of beginners.
We always make a lot of mistakes, but the most important thing is that we correct those mistakes and continue to learn, as it is what makes us reduce losses.
Also, newbie that is not related to time may invest since 2010, but their information and ideas are still ideas of beginners.
Novice trading time is short, long trading time can bring experience, summing up failures, and constantly trying is my way to reduce losses.
Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Jump to: