Topic: Why people run away from trading!!! - page 4. (Read 3114 times)

finally crypto trading can only be done by people who have large capital. in my opinion, demo trading doesn't help because the market moves are caused by several factors.
Forget and prepare your capital for trading or you will lose the opportunity.

Trading is an unpredictable business so people who don't have tolerance to face the failure and losses will move awqy from trading.Yes one who wants to trade need to learn first and for that they don't need any money they can do it with their free demo account on many trading platforms and even free online tutorials and courses.

Many people keep saying that trading is risky they do not know that something is only becoming risky if they do not have knowledge about it. So basically trading can be risky for others who do not have information about it but if you start knowing and researching about it, for sure the risks will be lessen and you can find opportunities there in order to earn money. For those who want to become trader, it is better to put money in our knowledge first before depositing money in some exchanges.

Trading is beyond buying and selling; buy low and sell high or buy the rumour and sell the news. It is more technical and requires proper analysis of every parameter. Trading is not met for everyone. Run from it if you can't handle it and stick to what works best for you. Crypto industry is full of enormous opportunities to earn.

It's a normal thing, when u try to trade and it doesn't work. But just go on trying and u will learn to trade. All people who run away from trading. do the same way in any deal.

Actually trading is best opportunity of make money . But if you are newbie you must have a enough and enough knowledge about trade .But some of people without proper knowledge they make investment as a result they are losses lot of fund.proper mind setup, and lot of fund and lot of knowledge can make happiness on trade.

Its depends what coin you’re going to hold. High potential coins especially in the top 10 should hold much longer since their market cap is high. The possibility of huge pump could take a lot of time. BTC, ETH and LTC should coins that need to hold much longer. Some traders don’t have patience and does not enough knowledge about trading. They become lazy and end up their career in trading. They’re minds is not set to lose sometime and win sometime.

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have a proper risk management regardless of your analysis of the market. I personally enter a position with 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.

Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.

The demo account is for practice and it will not give a complete overview about the market, a person who practices in demo account will not perform well in the live market. We cannot able to identify the market situation and fluctuation, of course, demo account will to overview about how the cryptocurrency trading will work.

Using a demo account also reduces the danger in trading Through this we will realize all the market conditions But don't hand over Making money in trade is as easy because it is risky albeit it's damaged, we'll attempt to fix it later. Successful business people never hand over They always attempt to move forward avoiding risk That's why you've got to see the market before trading Fleeing isn't an answer.

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.