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Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading. Before looking too far ahead, you must first understand yourself and your situation as a beginner to start learning about trading.

Let’s say you’re starting something new for your economic growth. There are several things that need to be prepared, which are often overlooked by most people:

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally. (I think this is a given.)

If you are an employee or a businessperson who is considering transitioning into trading, it is essential to ensure you have sufficient funds to cover your expenses for the next few months, whether you are married or single. The amount required depends on your living costs; for example, calculations for 6 to 12 months ahead. This is necessary so that if you encounter the worst-case scenario in your trading activities, you will have a more peaceful life because you already have a contingency fund to support your family for several months. This is often overlooked by beginners.

The purpose of this is to ensure your life remains secure, as trading is not easy. It is not something you can master in a month or two to quickly generate income like those who have already succeeded in this field. In this industry, there are numerous adjustments to make, such as processing information, managing emotions, and adapting to the fluctuating emotions within oneself—all of which are extremely challenging to discipline. Therefore, it is essential to create multiple plans to ensure you can sustain your learning and achieve success in this field over the long term.

Active income is essential, whether it comes from your job or from someone supporting you so you can continue learning continuously, because trading is necessary for learning materials, and sometimes you may get carried away by emotions and lose the trading funds you’ve prepared, so you’ll need more and more money as a reserve.

The process will undoubtedly take some time, depending on how you learn from each mistake and what you need to have in order to generate income through trading. You may need to spend one or two years learning the ropes until you feel confident and your trades result in fewer losses, meaning your profits from trading outweigh the losses incurred.

What needs to be considered is expectations in trading. If you have relatively little capital, don't expect to get rich quickly because that will be destructive, such as expecting 50% - 100% more from each of your trades so that you use high leverage to accelerate it. On the one hand, you have a large margin, but your liquidation funds cannot accommodate it when a reversal occurs. This is what often causes people to lose money, commonly referred to as a “margin call.” They fail to account for the possibility of a decline, which must also be considered. Therefore, I believe it is better to use small leverage, such as 10x or below, for someone who is just starting to learn about the risks of trading positions, develop the right mindset, and test strategies.

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital without preparing for the worst-case scenario or how to anticipate it. The worst part was that I stopped and went back to working like before, forgetting about trading. Eventually, things improved, and I started learning again slowly. This is just a little story I can share. Thank you for reading. ;)

July, getting a little sweetener ;D

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In order for the person not to be in any mess or face any financial problem such as being bankrupt, they don't have to trade with with all their salary, you already said that the person could have a job or be running a business which mean that they already have a consistent source of income, therefore they just need to have a specific amount that would be allocated to trading for that month and if they lose the money because of the high risk, they can wait until they have enough money to deposit before they start again. If they want to keep depositing and blowing their account, that's when they will have financial problem and if they don't have any money again, they start to starve since they didn't stack up like your statement explains. With right financial management, there will be no need to fear.

An ads interrupted my video yesterday and the ads was from a trading guy that said trading is very simple and that anybody can make millions of deposits with just a minimum $10 deposit, some traders are convinced by those ads that's why they expect such profit from their small capital.

How did you manage to keep your determination after losses. I have tried my hands on trading but I have lost already in it and my problem is find a new determination after the initial determination I had starting trading has been bashed with an iron rod of losses

Where I come from this trading influencers are the problem, they don’t only show their results of trading but they show luxury lifestyles, they show their lifestyles more than they teach you how to trade and they are accused of being into scams.

What will recommend to me as a good way to learn trading technically and academically. I have the interest to trade but I have loss now I am afraid to continue. How can I get my determination back and how can I be successful at trading?

If you are an employee and wanting to deal up with trading, then you wont be needing up to quit up your job directly and thats a suicide thing. The main idea on here is that you should be learning up trading on sideways or into your vacant time and considering that getting full time doesnt have any sense specially when you are living your job just because of it, then that would be a very problematic thing once you have lost your job and you would be losing up money. Even if you do have that 6-12 months money to support your needs because those amounts could be potentially be used along the way specially when you are having those losing trades on which the primary thing that would be coming up into your mind is that you are near on learning it overall on which this is a very common mentality just because you've been rushing things up. As much possible you shouldnt quit your job, you would be only doing this at the time that you've been earning twice the amount on what you do gain from your day job then this is the best time to go full time.


Most of the time on which people would be making out some realization from their mistake and this is where they would be having those adjustments on which this is actually common but you can eventually be able to avoid those potential problems if you are just that being mindful about on others real time experiences on which you would be that applying into your trading. This isnt something a skill that you would be able to learn in a short time period on which means that it will be taking up some time and tons of efforts before you would be having a good grasps into it. Always be that mindful about into those probabilities ahead and never become that too positive or optimistic when it comes to results or outcomes because there's no way that we can tell whether we would be that profitabel and sustainable or simply that failed up and losing money in the end.

that's basically BS, because trading isn't as easy as those influencers make it sound. trading requires a comfortable and quiet environment so you can make better trading decisions. you also need the right tools, such as a pc, a comfortable monitor, trading tools, etc. you also need to prepare before trading, usually by reading the news or conducting technical analysis, and other preparations. so, in essence, trading is quite difficult.. and if beginners believe they can trade from anywhere and achieve financial freedom by following the influencers' words, it's clear they've been deceived by those influencers' claims, because they did not convey the actual facts.

They are so-called influencers for some reasons and that their job is to entice their viewers what they are doing. And some are not really showing the actual happenings behind the camera. Trading in actuality requires time and resources to learn the skills before you can profit from this activity. It is not an overnight task that you can learn the tricks of the trade right away.
So you might want to educate yourself in trading before believing those influencers. As a new trader, you have a lot of basic skills that you need to acquire as well as information such as - the developments of the project, where they are heading at, their trading liquidity, their position in the market, the trading platforms, their future plans and much more.

Without looking much deeper into the post content, from my own point of view, I'd rather see people who will enter the world of trading for the first time missing "those things" during their early days of doing trades. Mistakes are inevitable, and experiencing several mistakes is one of the biggest foundations that most newbie traders before went through and now reached the status of being a professional trader.

Experience matters.

It is true that traders come from different backgrounds, so how they react to their trades would differ from others. Some people from afar who don't understand this often admire traders then begin to have second thoughts when they are not living the life they admired before starting to trade.

Newbies especially need to know that it takes alot to become a successful trader. Good effort should be put into learning all about trading. Mentorship from a reliable mentor would go a long way. Trading is not the ideal career  those who want to get rich quick should take up.

Basically just use 2% of your entire portfolio for trading and you're safe, on top of that you don't use all of that 2% but just few percent of it if you future trades.
It's simple and basic money management that people often overlook but can save them from losing in the long run.

Too bad though most of people will ignore such advice and just going into trading thinking they're the chosen one and gonna become the best trader in the entire world.

Coming from different backgrounds is a natural entity but we have to prepare ourselves for what we want. You can't use the mindset that you're coming from a  situation whereby you've always belittle yourself for certain things but rather embracing a positivity mindset we'll duly help. And therefore going through the process matters with little patience.

The requirement of trading is a very long list, which means almost all beginners might be missing out one or two. But, there are alternatives for coping up temporarily.

If you miss out learning and expertizing in technical analysis, you may buy signals but no guarantee for accuracy.

If you cannot give your 100% focus for trading, you may employ bots still results may not match manual trading.

If you do not have enough capital, you can avail margin but getting liquidated is a common problem in negative market.

Overall, I mean to say, you do not need to be all-perfect to begin with trading because there are substitutes and results also not guaranteed. This way, we have concluded that trading is kind of betting but with reasoning hence expected results may happen or may not just depends on your luck factor at the end of the day even after you are 200% not missing out any requirement like fully prepared and equipped.

For profitable trading, knowledge of technical and fundamental analysis alone will not be enough. You need to start by studying risk management, which will allow you to save your deposit and reduce losses.

I doubt these newbie traders will fully understand the meaning of risk management if they don't actually experience the real risk situation in doing trades. For them to fully understand the risk management, these newbie traders should experience losses or anything worse while in progress.

Even if they read all the basics, dos and don'ts, must thing to do checklist, and prepared everything before an actual trade, they won't understand the meaning of those if they have never suffered something bad and things they didn't expect to go wrong.

Only after experiencing several bad trades will they become serious about minimizing it in the future.

Do you mean I should study risk management under trading or just the regular risk management? And if I want to study the technical, academical and you added fundamental analysis of trading then how to manage my deposit and reduce my risk should be part of it.

I actually needed and advice on how to go about it and if you tell me to do something please can you add a direction on what you have used to learn what you already know about trading.

You must learn about risk management in general before learning about risk management in trading. You can see that if you want to trade, you must have trading capital and to have it, you must have risk management on your life, finance in order to have good capital for trading. If you can not manage risk good in general, your trading capital is very unstable and it increases risk of your trading activities later.

If your finance is good, you can have discretionary trading fund and your trading begining is more solid with no pressure of earning anything from it or suddenly close your trading position by needing money for emergency. It does not mean you can take higher risk with trading, as defending your capital is most important in trading.

Trading isn't as easy as people think it is and that's the main reason why people are rushing into trading thinking that you can make profits easily. The opposite is always the case and still some people will continue trading and making big losses. It's good that anyone trading and losing all the time should quit trading and focus more on investing.

They are not making money from trading and don't know anything about trading which is why they can't teach you how to trade. Did I hear you say their results, they will only show you the result of one profit trade after so many losses.

Trading is for everyone but not everyone can be a good trader, and you should ask yourself if you can be a good trader or not from the little experience that you have gotten from trading. I prefer investing and sleep like a baby instead of sleeping with one eye open.

When a trader starts his journey, he has to face many bad situations, and he has to overcome all those bad situations to gain trading knowledge. Newbie traders who try to learn and change themselves with time actually do well eventually. Professional traders were once newbies, and over time, they acquired trading knowledge and eventually became successful by dealing with bad situations. That's why traders should spend time learning real things instead of being attracted to any shortcuts, and only those who have this kind of thinking can become professional traders.

Most often i don't blame people who come into trading with out a second or actual source of income or plans for contingencies because they come inmost often with the mindset that they are going to make a quick rich life from trading so they go all in at once and worse is for those who gets to get beginners luck at their first trial so they get fooled into thinking it is actually that easy only for them to later discover they needed to do even more for them to be bale to consistently reproduce such results which they had at their first set of attempts.

it is very important you have a source of income as a beginner trader from which you are going to fund your trading dreams before the trading will later fund the life for you after you must have mastered the act of trading and you are now a master at it. Trading i always tell people is not a get rich quick scheme so stop looking at the influencers who are showing off results of years of hard work, they will only tell you the best they can tell you but can not give you the actual experience, you may have to get it by yourself, it takes time and nothing good comes easy, you will need time to build it. Trading takes time to master and become profitable but you can master it if you put your mind to it and put in the work.

For sure, you can't do it without mistakes, and one will definitely make mistakes because it is impossible to know it all. However, I think it is very wrong for people to just go in without having any understanding, just because they want to learn from their mistakes and also learn from experience. Getting the basic knowledge of trading reduces mistakes and risks in trading. Going into trading without having knowledge of trading will even cause one more losses. Having basic knowledge in trading doesn't mean one will not encounter mistakes, but at least it will reduce mistakes and losses.

Trading to perfection is a stage and we shouldn't expect a trader that just learn about trading maybe for about few weeks to starts making consistent profits from the market when experience has not been acquired. Trading is stages and we should always be prepared to learn and follow rules that will help us to make money from the market without going to far.

Trading is not for the weak but for those that are ready to acquire the knowledge that is needed without being too desperate to make fast profits from the crypto market. Crypto trading should be a dedicated activity not activity that encompasses greed and manipulation.

Yes, you need to learn risk management for trading. And if you learn not to lose money trading, then over time, when you acquire the necessary trading knowledge, you will be able to make a profit. You can find all the necessary information for studying using Google or in the relevant topics on this forum.

Risk management is the most important thing for a trader to be successful. In order for a trader to be successful, along with acquiring trading knowledge and developing skills, one must also have the knowledge to manage risk. When newbie traders first start trading their thoughts are to use trading for quick profits and at the same time they don't follow things like risk management of their account.

Therefore, as soon as you make a profit in trading, you must manage the risk of your account, otherwise, even if you make a huge profit in trading, you will not be able to maintain that profit.

Also the trading platform are providing their newbie users with some trading information.

Successful in making profit? It is part of it but another thing which is very important is emotion and another one is patience but which is very connected to emotions and it still fall under emotions in many ways.

A trader should know how to handle emotions when losing small amount of money.

You can't get rich quick trading, let nobody deceive you that, it's possible. You can only get rich quick from gambling and in the industry is from a gamble you made on an altcoins that did very well. Getting rich quick shouldn't be your dream because people that get rich quick don't stay rich as they spend everything and go back to being broke because they weren't prepared for the riches that they got. Money won't stay with you when you haven't mastered the act of controlling money. To master this act, you need time and experience and that's what you get when you calm down to understand trading and going through all the process needed to become a good trader.

Sometimes we think that we will become successful like others. We've been encouraged to trade because others showcase their passive income. Unfortunately, things aren't going that smoothly, as they show. It comes the hard way.

It is something we need to know—that trading should be treated seriously. Trading is not a game of luck like gambling but rather more about knowledge and skill. That is why we need to learn and take extra effort to know more about it. Because this is not just about money but rather more about applying strategies.

Precisely because it is about money, therefore there must be a strategy, plan, knowledge, mentality, courage, self-control and many more points that must be done in trading, and we cannot get it just by studying for a while, we must have a lot of evaluation of each trade that is done to add new knowledge and self-development in the world of trading.

It's not easy, but it's not impossible for you to achieve.

The main challenge that I see many newbies encounter is haste, they will watch a couple of trading guides on YouTube and think that they are ready because those influencers makes it to look quite easy. In reality opposite is the case, trading is risky and it's not something that anybody should rush into but newbies are in a hurry to make profit and they will use almost all their trading funds to enter trade. The fact is that trading is not a get rich quick scheme as many none traders will like to view it and that is why a lot of them lose heavily when they start. Trading needs to be patiently learnt and newbies should start by using funds that they can afford to loose.

You are right, anyone that says you will be profitable on trading easily is just deceiving you, and want you to find your self on losing in trading. We should always keep on mind that trading is risky and you can't be profitable when you are not educated on it and have the experience, you will just end up on losing anytime in the market. So you need to have source of income and be patient on it and you will always be profitable when the market is good. So let was not be thinking that you can get rich quickly in trading,  when you haven't achieved the full knowledge about it. you will always face some challenges on trading. Anything that will bring profit for you will always be difficult for you to achieve. We need to calm down when doing anything, we don't need to rush on trading anything is gradually process. To become a successful trader you most face many challenges and loses in the market before starting understanding it more better and get profit.

You know when people talks about education and personal research in gambling it seems as if they aren't serious with what they are saying, no one is expected to make profits within just few days or week after they started trading. Things doesn't work that way in trading and there is no fast way of making money in trading and most especially luck doesn't play any role in trading except that person has the right knowledge and understands the principles of trading before they could starts making profits and even as that they must spends months or a year at least to understand things that concerns trading entirely though as they progresses they would finding strategies that would benefits them for long run while trading.

I agree! If a trader gets rich quick by trading, lets say, perpetual contracts on extremely high leverage, then that "trader" got very lucky and his success cannot be attributed to his skills, as that degree of prediction is not possible. You would get liquidated before any pump happens (unless you are extremely lucky, as I said).

Trading for profit is a slow game in which you make losses, wins, losses and more wins. Eventually things balance out and if you are a good enough trader you will have a positive delta. And that small profit, which takes a long time, is what reflects your skills as a trader.

Anything else is fantasy and will end up 99.9% of the time in loss of all your funds.

The fact is, they still use all their money for futures trading, hoping to multiply their profits if they have a large capital... on the other hand, they must be prepared for all the big risks that can occur when the market moves in the opposite direction.

How many traders have much larger positions? Recently, influencer X lost hundreds of millions of dollars due to futures trading. Even if it were your position, you might consider suicide because of the massive losses.

So I'm not particularly enthusiastic about futures trading.

In day trading, the most important thing is to take profits, no matter how many. Many traders become greedy after seeing a profit - by which they leave positions open and unrealized, hoping for a bigger gain. The market won't always be like this - there will certainly be times when prices will fall again due to profit-taking by many traders and investors.

So far, I haven't really enjoyed futures trading for very personal reasons - but I've tried it and made a profit. Of course, considerable experience and analytical knowledge can be utilized in this trading - but futures trading is too risky for those who aren't prepared to lose.

Many trading advertisements don't reflect reality, which is unfortunate because it can lead to newbies getting trapped.
In addition to what you mentioned, there was once someone who considered himself an expert promoting crypto trading by saying that when an asset drops, it's not a loss as long as it hasn't been realized. At the time, he was promoting a new coin created by a local artist in my country, whose price has now plummeted.

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What I missed when I first started trading was thinking that trading was only about profit, so I was reluctant to stop loss even though it was impossible to always profit.

Trading is not gambling; if you want to commence trading, you must come prepared. Mere having a positive mindset does not do the magic; positive mindset + skills + determine + patience is the only way out, except the trader has alot of money to spare.

I once met a trader who tried to convince me that trading signals does it all. He made trading seem so easy to make profits from. I am currently wondering how far he has gone with his trading  journey. That must be some newbie who was misled by those advertising trading signals. If he made money from that, that's just luck smiling at him. No one should rely on trading signals alone.

You don't need to deceive yourself by trying to make trading looks like it's evil or something impossible.
You can always make profits from trading and become a rich trader if you actually know what you are doing. For the fact that you don't know how to trade or how to be profitable in trading does not mean that you have to underestimate the power of trading for those that have being profitable in trading for consecutive years.  Traders are really making money from trading but majority are losing just because they don't have sufficient information that will help them become a better trader.

I've been trading since 2017, and I don't think trading is easy. Until now sometimes I still get loss but my profit is bigger than my loss. To succeed in trading, focus on:
1. Learning the basics of trading and technical analysis
2. Practicing with a demo account
3. Good risk management
4. Creating a clear trading plan
5. Learning from mistakes and continuously improving
Don't forget to stay disciplined and patient in trading.

Thank you. You said you get losses but your profits is bigger than you loss so we can say that you are now a successful trader. If I follow what you just listed will that make me a successful trader? If yes then why is everyone not successful at trading because this step are not difficult to follow.
And another question that I always want to ask, those who makes it in trading are usually the influencers who  have something to gain but the traders I know in person are all complaining about loses while the mentors who we pay to learn from claim that trading is paying them.

While I would agree with others that it's very difficult to do this, I have to say it is possible. Sure, when you first start, and maybe even after a while, you may feel like you do not know what you are doing and the whole trading concept could look foreign to you. But that doesn't mean you should be looking at this from point of view of a loser, but a winner.

If you think what you can do if you won, then you can see what is possible . Just the simple "imagine your life if you were making profit from trading" could change everything. That would make you live a much better life, probably earn more, work anywhere, and even move to a more entertaining place, like at some beach somewhere. It's not an easy task at all.

Maintaining determination is when I think that I am quite a lot of failure in trade, making me think, "Do I have to give up when a lot of sacrifice has been done" thinking in that gap that makes me come back with a different mental atmosphere. If the philosopher's child states that (if you are able to dialogue with yourself about your problem then you find a way forward).

I’ll share a bit—you may have heard of trading styles like scalping, swing trading, and others. Such knowledge is important for you, so we’re not just talking about patterns and candles, but there’s a lot of information that needs to be updated, like macroeconomic developments, which are the biggest factors influencing the market.

Looking at many successful traders, they don’t trade every day; instead, they seek opportunities and position themselves strategically, which allows them to capitalize on significant profit potential. Never take a position when there’s no clear opportunity or moment to act.

It's definitely hard to make a trade, that part is true, nothing about it makes it change, that's the reality it is living in. We are seeing how things are changing, so it is not the problem we are facing at all. If we do, then it will be good to make it work and learn how it works.

But if we have no idea, then we can't make it work, and we can't change it. Surely it's a tough business to be in, but that is not going to be easy for any of us. Takes time, but when you finally get there and become a good professional trader one day, even if it takes years, when you get there, you will be very happy. You need to enjoy learning, some people are bad students, and if you are one, it may hurt a bit, or take longer, but if you are willing to learn, you will do better.

Since you don't know how they started from the beginning you will not become successful like the traders, even though you begin to going through their history to know the kind of risk they went through in trading to break record to become successful. If you don't have the knowledge of trading,  don't take a step to start trading in the market than to start learning important basic of trading to acquire the knowledge that will help you to prosper like other productive traders. Trading is about preparation to accommodate any result you will come across because there are some traders that will give up easily with the kind of result that will come out from their trading, just because they didn't  prepare well.

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

One of the most important factors for every new trader to know is that trading is not a get rich quick scheme and it's not something that newbies should rush into without first learning how it works, patience is a virtue in trading. Many young people wants the easy life where they can work from anywhere they are without answering to any bosses, trading presents them with such goals and opportunity, that is why many of them jump into it without patiently learning how the market works. Aside from understanding technical analysis and fundamental analysis they also need to understand emotional state of mind and not being greedy.

There are some traders who are not satisfied with small profits. They want to invest more quickly and earn more profit, but that idea creates a bad situation later. If the investor starts with (2-5)% at the beginning, I think it will not be a bad idea. But when the investment amount is more and instead of profit from that trade, there is a loss, then they are able to understand the mistake. It is true that in most cases, traders ignore all those suggestions and are harmed by the principle that they understand well. For short-term investment in trading requires sufficient knowledge and skills, otherwise it will definitely not be easy to profit from the trading.

The fact is that nowadays newbies don't want to take much time to learn trading properly. And that is the reason why almost all of them easily blow their accounts as many times as they deposited in their trading accounts. The mindset most newbies come with is just to make it quickly without spending much time. Despite that, trading is not easy. If people can calm down, learn, and get themselves prepared well, I don't think many new traders will be complaining about blowing their trading accounts always.As you have said, it is not really easy for someone to learn trading itself. Having a good mentor and always playing by good rules in trading makes it easier for someone’s efforts in learning trading.

If you are just patient without determination to learn and continue to grow, you may not be suited for trading. Patience may be suitable for those who are planning investments, but trading requires learning and experience.
I would not call it patience, it may be more accurate to say it's resilience and perseverance. Because in the learning process, patient people can sometimes tend to fall behind.

Its always good to see a trading position in profit.

For me personally, I was the impatient kind back then when I was starting, I always do 100x leverage with big enough margin to bet for market price action reversal. Basically shorting when I think the price is already too high. Guess what, it didn't end well.
Market can be bullish for extended period so I ended up losing my money.

Once I realized that, I just do trading in more relaxed manner and has been seeing profit ever since though I won't be having massive gain, probably just 2-3% of my portfolio monthly and I already consider that as really good but it does take a lot of time and mental health.
Patience is the thing that most people missed when doing trading.

Traders who give up are those who haven't set a target for long-term trading or a longer period of time. Therefore, these individuals easily give up due to excessive losses due to a lack of patience and basic trading knowledge. However, those who have been trading for a long time and have a strong mentality and mature trading knowledge will clearly not give up easily when losses occur and can even rebound immediately to profit from market price corrections. Because the reversal of the price direction of coins in the market after a correction is also an opportunity to return the amount of funds that have experienced a minus.

Unfortunately that is caused mainly by the social media. I agree that we are not going to grow in crypto world without those people, and those social media influencers and people sharing with each other the increases and decreases, made this growth in popularity more common. Without those, you are not going to see crypto growing this much, and that is why I honestly believe that we shouldn't really approach this any differently and be aggressive about it.

We have to accept that this is part of the deal now, and we can only make a deal out of this. If newbies do not want to study trading and just do what they are told, then let them be like that and we can move past it and be better in the future, so we wouldn't have to worry about it.

Indeed, by using lower leverage, we can certainly reduce potential losses while trading. Furthermore, traders can learn from their mistakes, develop and test much better trading strategies. Using lower leverage encourages more discipline in both capital and risk management. They can also learn to be more deliberate in their decision-making and to be more careful in selecting trading positions. Traders can also experience short-term success, which helps build confidence, which is essential for better decision-making in the future.

Trading the market with small leverage when you are newbie is the best decision to take in order not to lose more in the market.
There are some greedy traders who would never succumb to trading with small capitals or what they can afford.
Trading need knowledge and gradual learning of what the market contains and how to trade it. Leverage trading will make you know how to use risk management if you are not greedy.

Their is no easy money in the world, one has to work hard to earn money. Those who come to trading with mindset of becoming rich in few weeks are the one who end up losing money. If you are starting a career in trading then you have to know the risk associated with it first because trading is a risky business and their is no guarantee that you won't bear loses even if you master it. Trading needs your time and interest so that you can master it over a period of time.

I love the part where you said, there no easy money in this planet earth that's actually a good point, if we actually want to have some cash for ourselves, we will to work for it either smartly or hardly, for me I think trading is even one of most difficult means of making money, i have heard some trader complain about their losses sometime, is not even about them wanting to make this money so quick, but rather it is about them trying their possible best to come up with with they called good trading skill but still fail to get profit, but if I may ask can a trader master thr said trading and may be get profit as a result of that.

Triggering high leverage is very risky; if the market goes opposite your prediction, you will lose money immediately, while the reverse is the case if the market decides to favor you. The easiest and less risky move is to use a small leverage of as low as 10-20% so that you can minimize your loss, and when you are in profit, you will manage the little profit that will come with that.

I am still a novice in trading. I always use stop-loss and take-profit functions because I don’t have a trusted analysis to rely on yet because it is not easy for me; I find crypto trading to be one of the most complex things in cryptocurrency. That is why I mostly rely on spot trading to buy whenever I observe that the price goes below my expectations, and once it recovers back, I do opt out immediately.

For a beginner or professional, having another source of income is very important. Sometimes this trading is a thing that is not the way we think it is; that is, many professional traders put their money into something else apart from trading so they will have multiple sources of income, as they will be generating money from trading and also another source. If not, to some extent, it is seriously not advisable to depend on only trading.
 

However, as for beginner traders, having a source of income is very important because you, as a beginner that is trying to level up in trading, are expected to use just a small amount of money to trade due to the level of understanding, and you can see that things will go smoothly because even if you lose the money, you still have another source to make things work out. But a beginner who does not have another source may end up in debt because the market did not favour him or her.

Reality is, all of the beginner traders want to take leverage because they thought that could be the best possible way to increase their profits and become rich in the process. But they fail to realize that leveraging isn’t for those beginner traders who lack the skills and experience, who lack good strategies in trading, so instead of leveraging their profits, they end up losing all their funds and get them broke eventually.

Taking leverage is proven profitable, but know the fact that it isn’t for everyone. Just take small steps instead and improve your trading skills and performance in the market.

I assume that this is how beginners try to compensate for having a small deposit, which they want to increase many times and quickly. And if you add lack of knowledge and experience to this, then this leads to 100% loss of the deposit.

It's not for everybody and whoever trades in leverage and manages to take the risk properly and able to profit, you have an idea on how to control yourself. What's wrong with people hearing others doing leverage trading being profitable, they think that it's also going to work for them. But that's not it, it's hard to get into leverage when you are less experienced trader and you are trying it without further knowledge. You're gonna be consumed by the market and will be easily liquidated.

Those who are patient would greatly benefit if you are just in a long term investment, trying to figure out when is the perfect time to buy or sell your coins. But trading itself is way more risky and requires more skillful and strategic navigation in the market. If you don’t have clear knowledge and understanding on how trading works, you will never be in profits. But most importantly, if you aren’t determined and resilient enough to learn and correct your mistakes, you will never be good enough in trading.

Things might be easily said when trading, but in reality trading is hard and should take proper caution, otherwise if you trade without weighing the future consequences, you will only trade for losses, your dream profits will remain just a dream and goal.

Leverage trading is advanced trading and not suitable for beginners to be doing. Anybody that wants to get into leverage trading have to first have mastered spot trading and become a constant profitable trader before getting into leverage trading. With the experience from spot trading, they can do well with leverage. Not everybody can be a leverage trader because they don't have the thinking or mindset. Leverage trading has more risk to it and any mistakes can make you lose more money. With leverage you're putting in more risk and that's why people get liquidated quite easily when trading with leverage.

Your background doesn't matter when it comes to trading. What matters is acquiring the set skills for it. Even if you're from a family that's into trading but you haven't taken time to study the charts and acquire what's necessary to be profitable on it, you will still flop at it.

Just to add, start up capital for trading is secondary to acquiring (not just learning) the skills. It doesn't matter what a huge fund one has to start trading, if one hasn't acquired the set skills; one will sooner than later get one's account burnt.

One of those cheap lies I was sold while starting out as a trader more than a decade ago. I'm shocked that format is still in existence till date and people are that gullible enough to believe them. Well, everyone has their time of liberation and awakening. This day, I don't listen to people of such motivation let alone contemplate what they say.

The background referred to is not only about family; perhaps I am too taboo in writing about it. That background can mean knowledge, character, social circle, experience, achievements, work, or other things. Every human being has a different journey in life, and that can be called background.

What I mean is that a person must first understand their position in all aspects before entering the trade, to assess themselves before actually doing it. We must realize that only a small percentage of people can succeed in this field, which means that this profession is not easy and cannot be achieved quickly. Therefore, self-assessment is necessary to create a truly mature plan.

We don't have examples of people who become rich without doing any effort. The successful investors like Warren Buffet became rich by continuous effort and struggle. So this point must be kept in mind before doing any kind of business.

Trading is a risky business and no one can perfectly master it. What I have seen is that their are not many people who are successful in trading compared to people who invest for long term. It's best to invest small part of your capital in trading and major portion in long term investment because risk associated in long term investment is low if compared with trading.

Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.

It is a good condition that they must be profitable and consistent if they're into spot and wanting to have a transition into futures or leverage trading. That's true that it's advanced way of trading and has higher risk compared to spot trading. When the market surprises some short squeeze, the longs will be liquidated and if the market surprises with some surprising pumps, the shorts will be squeezed.

This is where most people get trapped in starting trading the wrong way, thinking what influencers share is easy.
I know friends who started trading by following videos shared by influencers, trying to understand trading in a simple way.
Ultimately, they lost more money because their trading wasn't based on the right knowledge.
It's okay to have the intention to try trading, but remember that any endeavor requires knowledge, so people don't get caught up in the success stories shared by influencers.
Engaging in the wrong way won't lead to financial freedom; it will only lead to much bigger problems, especially losing more money.

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

Yes, a lot of times people end up with a lot more different results and if you are careful then you are going to get a lot better profit when you leave it at smaller leverage because your losses wouldn't be that big, and it would be a lot harder to lose it all when you could just end up with something that takes time.

It's easy to make that decision though, because you end up with something much better on the long run. If we deal with this, then we are going to not be cashed out easily, that is the number one thing that we will realize with smaller leverage, and if you do that then you are going to be happy with what you are getting and won't be focusing on how to get a lot more different approaches.

And that's actually a common problem for beginners: they start with something they believe will yield significant profits, while ignoring the real risks that lie ahead.

It's certainly natural to desire substantial profits, but the question is, does it align with our knowledge and skills? For new traders, I don't think so. Because, as new traders, they're undoubtedly still in the learning phase.

In fact, the biggest problem of beginners is that they initially think that it is possible to make huge profits from trading very easily in a short time, they think everything is very easy here, but they should understand this very well that only looking at the profit aspect can never survive in the long term, and everything is very risky, there is no risk-free thing. And in this way, if we consider trading, then trading is a subject where even many skilled people are always facing huge losses, that is, as people expect from it, it is actually more difficult than everyone thinks. Therefore, one should be realistic in trading, to achieve success here, one has to make oneself skilled, and for this, one needs to have a tendency to learn trading with patience.

Trading is risky, so it’s never meant to be considered a main source of income, except for those who have exceptional skills when trading, otherwise a lot would rush into trading and see it as a get rich quick tool and eventually lose all their trading funds in the end due to wrong mindset and decisions.

Instead, trade to gain additional income. See trading as a side hustle, that way if you lose from it, your main income will not be bothered and affected.

Yes, in trading, it is definitely best to start with low leverage, increasing the leverage to a greater extent has a lot of risk. Trading is not easy at all for beginners, although it is easy for experienced people, but there is a lot of risk in it, you can face losses at any time due to market volatility. That is why we should always use low leverage in trading, using high leverage is always risky and can cause losses. In trading management, we always have to start with experience and skills, as well as educate ourselves in trading education, only then can we avoid losses. A new trader should start by following such advice, he should always move towards a good plan, only then will he not have to face losses.

That's something those who want to start trading should be wary of. Even highly skilled traders can't avoid losses when the market is highly volatile. The market isn't 100% predictable, and sometimes, in the midst of analysis, news emerges that significantly impacts price fluctuations.

The problem is, they only see someone who's made a significant profit from trading, but they don't want to know what the person they're watching is experiencing. On the other hand, we can't entirely blame those new to the crypto world, as sometimes the people they follow only show their profits.

I also experienced the same thing and spent a little more money trading, but because I didn't have the proper knowledge, I ended up quitting and going back to my normal life. In late 2023, I met someone who had knowledge on how to properly engage in trading, and I started learning again with him using a small amount of capital. Long story short, I managed to recover all my previous trading losses to this day thanks to the knowledge taught to me through the disciplined method.

An important lesson I learned from trading is never to push for big profits and don't immediately seek revenge after experiencing losses in previous trades. I learned a lot about this, and he always advised me to be disciplined, even if the profits were small in a single trade.

Those whom we see as traders are not just trading alone. They are also hodling bitcoins in addition to their trading activities. Some traders set up trading academies where they teach young people how to trade. They do all of these to help sustain them so they do not rely heavily on profits from their.

When a trader engages in other things to earn money, it does not mean that he is a bad trader, it is just a way to distract himself from getting so emotionally attached to his trade and withdrawing his investment prematurely.

Revenge trading is the worst situation and we should also make sure that we calm down. Because if you already have a strategy that normally works, just because you lost a few times, doesn't mean that you should feel revenge.

I have seen the same thing with gamblers too, they lose, and lose and lose, and keep chasing those losses and keep losing more, without changing much. That's not a good move and you should avoid doing something like that. We are going to get a lot better results if we are calm and handle the loss in a mature way. Experience does allow you to be better in that regard, because if you are experienced then you are going to get a lot better without a doubt so we should not be worried and just keep trying.

I hope you know that you don't need any leverage to trade. Most successful traders don't do futures, they focus on spot trading for long time, they do this consistently until they get to a point they completely master the game of trading. There are some traders that does futures but what they do isn't the ways of newbies, they have their positions all set on spot trading and they open one or two leverage trading on another separate accounts to manage the risk independently.

If you have to focus on trading, don't try leverage in crypto this is because of the nature of Volatility that we have in crypto market, some people will suggest that you use stop loss which is the best thing to do but if you use leverage trading and Volatility becomes so high, your capital will be chop off until you are left with nothing again. Focus on spot, you can start with demo accounts like paper trading or use direct exchanges that have one and that's it.

Most people think that when they experience a loss, seeking revenge immediately will provide an opportunity to recover previous losses. This actually makes it harder for them to understand responsible trading, resulting in the same situation as gambling. Experience teaches us to continually understand the mistakes we make in trading, allowing us to gradually change our trading patterns and strategies appropriately.

While trading isn't 100% foolproof, as there are times when we still experience losses even if we're considered quite professional, at least this approach can make someone more responsible and disciplined when trading, rather than forcing yourself to trade excessively without a clear strategy.

Trading is more strategical and tactical such that your expectations can't be fulfilled in most cases why we don't need to put all hopes basically because we traded with an amounts and we should expect results in no time. Trading will always burst ur bubbles no doubts why is needed to understand money and risks management so well.