Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
it is these scam projects that usually have a more convincing system for deceiving beginners. beginners do not think about and analyze in detail. and sometimes fraudulent projects have a more convincing level of promotion than real projects. so this should be on the lookout for beginners
Topic: Why newbies lose huge money in trading - page 6. (Read 3356 times)
Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
it is clear to all novice traders, it can be ascertained that what you say is clearly true, that they still like to guess and do not study the nature and situation of trading, and often jump right in without seeing the impact that will happen later, of course as a beginner it is normal.but there are also beginners who don't jump right in but first learn correctly. do analysis correctly so as to avoid things that can later be detrimental. once again it just depends on the person himself, although there are more beginners who make mistakes, but it can't be equalized.
People mostly first-timers lose a lot of money and capital when they trade in the different trading floors because,
Trading is experienced stuff and not merely what is learned and study, but it is what is practice on daily basis.
This complements the saying that practice makes perfect or improvement.
It is advisable that after learning the process you should also give the process sometimes to be a part of you {Master}, then,
you can achieve more from trading and avoid the loss of huge amounts which are mostly your capital.
Trading is experienced stuff and not merely what is learned and study, but it is what is practice on daily basis.
This complements the saying that practice makes perfect or improvement.
It is advisable that after learning the process you should also give the process sometimes to be a part of you {Master}, then,
you can achieve more from trading and avoid the loss of huge amounts which are mostly your capital.
Off course many of the newbies trader don't know how to trade, some of them think that it is just like gambling which is really a wrong thing in my opinion. And another thing i want to share is that newbie after entering into then trading area, they thought that they had learn all the things which is a wrong thing.
It's not just failing, it's just that losing money in coaching is a very valuable lesson. There we finally have experience and can analyze what causes failure. When trading knowledge is possessed, it could be due to panic and emotion when prices are trending down, they are in a hurry to sell their assets. This is one of the things that make us losers.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
follow what you see and not what you think about the market, maybe these words are right for new traders, because what we think or expect is not in accordance with market conditions.
It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading,when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes
People enter markets with the mentality that they can make easy money because so and so did it, but of course, it doesn't work that way at all.
So not taking the time to understand the markets leads people to sell at bad times, because they don't have enough patience or exit strategies in place and go with the flow instead.
Having that wrong impressions made a lot of people to lose their money when they first try this business. Not taking time to investigate and do some research before riding in.
Those who are good at dealing with their education regarding to the business that they are taking will allow these losses as experienced to learn deeper, while for those impatience people they will just move forward and forget about their participation in this industry. Else, they will cry out and call this market a scam or a ponzi type business.
You need to consider all the possible influenced before you conclude your actions.
It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading,when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes
People enter markets with the mentality that they can make easy money because so and so did it, but of course, it doesn't work that way at all.
So not taking the time to understand the markets leads people to sell at bad times, because they don't have enough patience or exit strategies in place and go with the flow instead.
It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
Here we can see experience is also an important thing in trading,when beginners lose big enough money for the first time, of course, we use this as evaluation material for the future so that they will not repeat the same mistakes
The problem for beginners is that they can easily watch enough videos of scammers who show how easy it is to trade cryptocurrency and earn money, but in fact, this is a huge work, where you need certain skills acquired with years of experience in trading.
It is clear that at the first time when an investor begins trading, there are some hurdles in trading because it is a new thing, and they don't have prior experience of trading. Also, they don't have tolerance, and they totally depend on feelings. They can't bear to lose, and can't wait for the price of coin to go up. So they sell coin at low price. Therefore, the newbies lose huge amount of money in trading.
I guess this thread is everything that a novice should read and understand, that trading is nothing as they read or listen. It's a battlefield between your emotions and strategies. Most of the newbies lose 90% of their money in the first month or so because of lack of practice and market study. They pay no attention to entry or exit points, they just follow a trader with some successful trades and lose most of their money just because they wanted to earn quick money.
I don't understand why many people think that only beginner trading loses a lot of money, there are many trade professionals who lose a lot of money in the market and end up frustrated and give up trading and start creating channels on youtube and selling courses to earn money, the more The sad thing about all this is that they are lying that those who lose a lot of money are a novice trade while he who considers himself a professional trade is not earning much money, he earns money selling courses and with a youtube channel.
Analyzing the reasons, it is seen that most of the newcomers invest in scam projects. They do not have the mindset to be patient. Think the first investment will become rich overnight. Very new Traders don't know about the updated news of the project so if they change the token platform later, they will incur huge losses.
This is because they do not really have the mentality of an investor, and investor is very patient and they let the opportunity come to them instead of the other way around, and if that means that they need to analyze hundreds of coins before investing in one then so be it, but a newbie investor invest in whatever has the most hype and it is popular in social media and it is obvious that someone with that kind of mentality is never going to become successful at being a trader.It does only need a matter of time and effort because not everyone will really fit out on trading career.Some might be good at and some wont really bother or wont really be that fine
on this manner.
Losses is part, what matter most is that you still profit despite of those losses.
Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
Here I think knowledge has an important role because when there is information we must really understand,In addition, in trading the risk of losing money is very large, especially for beginners,
so it's better before jumping into trading, beginners must prepare themselves first
How you would able to gain these things? This is through real experience.There's no other way or path to shortcut and you cant gain these things through context or reading up theories.
Losses are part of the learning curve and you should realize on that. Dont easily give up when you do lost but rather study on where you had committed a mistake and this is where
you do make yourself way more better.
Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
Here I think knowledge has an important role because when there is information we must really understand,In addition, in trading the risk of losing money is very large, especially for beginners,
so it's better before jumping into trading, beginners must prepare themselves first
Beginners are included in a practicum but without understanding analysis and theory. here we can see a novice trader only looking at information without studying in more detail, from here we can conclude that this is what underlies beginners to lose. they don't know the market conditions and they don't understand the trading scheme well. trading is not only based on capital and courage but management techniques, basic techniques, analytical techniques and many more techniques that must be mastered by a trader.
The newbies lose a huge amount of money because they think the crypto space is a get rich quick scheme. They tend to trade their emotions leaving their analysis behind. Due to impatience some lose a huge amount of money and get frustrated along the line. Lack of mentorship always contributes a great loss for the newbies
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.
You are right , and they are too desperate to make earnings. They do not want hold on to know more.. they want to make money over night No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
It's because they are newbies and yet they invest huge amount of money, if you are new to something you wouldn't risk something big if you are not familiar with it. It's like a gambling not a trading, newbies should not invest huge amount of money immediately but only an amount they can afford to lose and it's just their exploring time on the exchange and once they are familiar with it, then they can now invest huge amount of money.
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