Bitcoin Forum

Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now.

I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event (https://x.com/bitgetglobal/status/1951296989553107362?t=wGZnotnvf49GizQ18AXkeA&s=19), and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that.

I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible.

The simple answer to this is FOMO. Everyone wants to trade and see how it goes.

Even if they try it and fail, they just want to try, and I see nothing wrong in that. Cryptocurrency now makes trading more popular, which couples with the social media hypes and many other trading events and seminar/webinar that are rekindling trading hope.

Traders might increase in number, but the real question is, how many of them are actually profitable in the long run? I’d say only a few. A lot of people just ride the hype during a bull market and start trading, but sooner or later, they realize trading isn’t some overnight success story. It takes time, experience, and skill development to truly be good at it.

You’re talking about day trading, right? That’s definitely not for everyone. Long-term investing or just HODLing is more suited for most people because it doesn’t require deep technical knowledge. You just have to trust Bitcoin’s future and hold on, even during bear markets, without panicking.

At the end of the day, the real challenge for most people is handling FOMO and FUD, that’s where many lose.

Well its really difficult actually. Its never easy to do trading, for some reason I find it hard too but as I learned it along the way it really sync in how to cope on it. Anyway more users will realizes that too when they gain enough experience while doing it. Also its impossible to avoid such thing as losing.

Trading is indeed becoming increasingly accessible, especially with more exchange options, particularly for those who are new and rely on local exchanges. The real reason more traders are interested is due to popularity, the more trading is reported, the more people share their profits and trading experiences. This actually creates FOMO, and they will self-select. Some will persist with their interest, while others may give up due to ignorance. Some beginners are just curious and want to try.

I agree that many people have been exposed to easy accessibility by simply downloading an app, and they can already trade. There's always a growing interest, mainly due to the increased influence and rise of cryptocurrency trading.

There are also numerous promises associated with technological advancements, such as trading bots that automate trading and can generate profits while you're away. It's also an attraction to the market.

A large influx of new traders is facilitated by the fact that in order to start trading, you do not need a large deposit and, as it seems to beginners, you do not need special knowledge. And besides that, we see success stories from different media outlets, how $100 turned out to be a million dollar profit.

One thing you need to understand about why people are taking trading very seriously is because there is money in it. In case you don't know, when you play your game well, you will be surprised how you will be making money from trading why others keep complaining and holding their crypto portfolios.

Many that have not even started trading want to have the knowledge about trading and that has been the reason why you noticed that more participants registered for the trading contest. Although, it's not every trader that is going to make profits from trading. Many will try but few will be profitable. The exchange also will make money from the competition why those that are not good at trading or that do not have a good signal would lose their money.

Keep in mind that trading isn't for everyone.
While some have benefited and won in trading, others may have experienced huge losses.
The fact is, not everyone makes money in trading, and the sudden rise in traders might be driven by FOMO, especially when the market is bullish.

Trading requires knowledge and skills, if you trade just because it’s easily accessible, that’s not the right perception.
Be cautious of the hype.

This is Bitget's shilling. Because it has been marked.

Trading is easy to access, but there are many obstacles where it is difficult to develop skills, especially for beginners who need time to learn many things.
Trading that is influenced by others, especially just because of FOMO that is being discussed on social media, then you trade that token.
Many people are successful in trading... but many people lose money.

It’s the successful stories of the early traders who bring deep motivation to the aspirant traders now, and anticipate the same fortune as well like they always imagine with trading. And add to it are those who only trade for greed satisfaction, although they can’t sustain long-term profitability but probably they’re well-satisfied already with the short term profits that they have gained from trading.

And while social media is the best outlet nowadays, trading influencers have taken advantage this platform to keep inviting new traders in the market, but I say they should always trade with caution since there is always high risk with trading.

It’s not actually surprising why there’s a sudden growth spurt for traders in the market, simply because everyone wants to trade and expect instant profits. But the real challenge is how long and how capable these traders to keep trading in the market, despite of some inevitable losses that they will surely experience if they pursue trading.

In the end, a lot dream of becoming successful traders, but only few have made it on the top and achieve high  profitability. Trading is really risky, but if you have proper risk management and knows actually how to navigate the risks in trading, you will surely succeed in the long run.

What is influencing the growth in the number of traders?

Accessibility and little funds to start trading with are the two factors I can reference to.

In the past, exchanges and trading platforms weren't as ubiquitous as they're today. Even the few exchanges that were around didn't have the type of exciting offers and inducements as we've them today. I can remember how "normal" and "bland" the likes of Poloniex, Bittrex, Kraken, and a few others I can't remember now, were until Binance came and revolutionized the whole thing. It's exciting now with each modern exchange trying to outdo the other through healthy competition by enticing their subscribers with trading offers and incentives.

More so, as little as $10 now one can start trading.

Yes the rate at which people trade has been increasing for awhile now and that may be due to so many positive results heard about trading, unlike before that people are scared thinking they'll be at loss snd stuffs like that. Irs a good sign that people are able to understand what trading is all about now and therefore are following the guide inorder to make more profits and gains.

There are tons of traders, the amount of team registered at event like that in my opinion have absolutely no correlation whatsoever.

But since there are so many exchanges and most of them have billions trading volume, I assume every country with access to internet and crypto at the very least have millions of traders in there.
In the rare case of this I prefer to consider trading volume as one of the factor to determine and usually at bull run the number of traders increase exponentially because it's interesting time to get in and make some quick bucks.

I do think there is alot of new crypto investors that wants to make very fast profit. There is social media influencers that is saying you can make 100x your investment if you listen to what they say.

So there are new traders that sees this and wants to get rich so fast like this. But it is not always how it works out. There is rug pulls and some of the influencers  are just shilling projects to make their own profit.

Platforms like Binance made crypto trading very accessible because they have been operating in the most countries with ease of use, and they have also listed most of the coins, if I amn't wrong. Trading is becoming popular because of influencers, they promote trading as something like skill to learn, whilie in reality, it hugely depends on luck and patience but they won't tell it because it will ruin their business, and people won't buy their product. In reality, they earn by selling their product and not by trading.
To sum up, influencers create fake expressions that attract people. Everyone wants easy money without hard work and sweat and that's their target audience.

I had the same feeling in forex, tbh, I think its a bit psychological. When you're trading, then it seems like more people are 'trading'. But really it means more people are using apps and exchanges.

For sure there is more interest and exposure, but now I think there are much more gamblers than traders ;)

Trading is definitely hard and tough, most especially for newbies in trading. But due to successful stories wherein traders have reached their goals and dreams in life all because of trading knowledge and excellent skills, people from different races rush to enter trading and test within theirselves if it’s actually profitable or not.

While others are making substantial gains, majority are still risking their money and lose. There’s no easy trading, but when you consistently trade while trying to maximize your trading potentials, that’s when you develop those knowledge and incomparable skills that will bring in consistent and maximum profits.

Considering the volume on one exchange, there's really a lot of traders out there and that's only for crypto, what more on stocks which was already here since 1600's or late 1700's so I wouldn't surprise. It's true that many people are into trading now considering how easy to dive into trading unlike stocks before that you need a broker or something like that (not really familiar with stocks trading) but now you can do it on your phone and you can trade on whatever amount you have.

What I think is increasing the numbers of traders isn't because trading has now become easier but because the influencers in the market are now too many and they're the ones making others think they can become traders that easily. The increase in poverty and the need to make money has also made many individuals to start looking for alternative ways of making money and trading is one of the most easiest that they can find. Just because more people are trading doesn't mean that more individuals are now making a profits. We still have a high level of individuals that are losing and this isn't stopping because of quick money mentality.

If the OP is talking about crypto trading, I think what causes the number of traders is crypto adoption. But also fomo could be part of it. If the adoption rate in crypto continues, more people will know about crypto trading also and learn how to trade. One thing about crypto trading is that it is also easy to know if compared to forex and others.

Nowadays everyone wants to trade because cryptocurrency is now moving towards the rise. Now training has become much easier, you can trade just by downloading the app. But to trade, you have to gain special knowledge about it. Many people trade here after hearing the success stories of successful traders, but they always lose money. It is risky for beginners. So I say you should not trade without analysis.

What influences the number of traders more is the mention of "crypto" (Having the knowledge of it) and the idea of get rich quick scheme which is popular and within reach. Go to any of the social media, before you spend a complete 10 to 30 minutes of your time there, you will definitely come across an ads  from a broker or a promotional video of someone describing trading as something that you don't need to stress for profit, they make it look as if you just have to sit, look at your screen and start making money. Realistically, trading is not simply, it's not easy, it takes a lot of consistency, patience and discipline to become a successful trader that's why many people gave alone the way.

Truthfully there are lots of persons more interested in trading, but not all of these persons will later transition into traders.

To some of them, it will just end at them having an interest in it but never really putting in any effort to learn, but then we will have those that will take their interest further but will not be resilient enough to see the learning process through because learning to trade can be daunting.

Only a few percent of individuals who have an interest in trading actually stick around long enough to turn their interest into profits.

Trading may be influencing a lot of people to want to take part in it, but not so many of them will see through achieving what they want to achieve in the long run in it because of the mindset they’ve used to join trading. People are interested in trading because of the profit and lots of money traders earn through it, but not so many of them are ready to pass through the phases of trading to come out profitable.

Trading can be so knowledge intensive and when you’re not driven by this attributes as a trader, you’ll end up not making it very far in trading. Trading growth will continue to increase as the social media space is been used as platform to lure people into believing how much trading is attractive, but not really teaching them how it is important to learn the basics and come to make it through trading in the long term.

Where i am from the search for something to put food on the table where the government has failed is making the number of traders rise. The trading influencers and their parade of wealthy living makes the number of traders rise.
Trading content is everywhere, even those who aren’t educated at tertiary level male and female alike can become a trader by buying courses, enrolling in trading classes. The risk in trading takes a back seat to the profit one can make from it. The struggle to make it out of poverty is influencing the growth in the number of traders.

The OP is not referring to crypto trading alone, but trading in its entire context, and of course, everyone wants to take part in the opportunity of trading, especially the new comers, regardless of whether or not it's crypto, they just do not want to miss out in this opportunity flying around, which was responsible for the FOMO I included.

Apparently, cryptocurrency on its own is a huge contributing factor to the increased trading population and diehard fans, which I also added. It's crypto everywhere, as it's the latest development of this century added to the financial market, so I don't expect less.

most likely, it's all because there are many influencer traders who often share motivation for people to start trading, and this triggers the intention of many to begin trading and pursue financial freedom as promised by these influencers. but as we understand, what these influencers say doesn't correspond to the real risks that come with trading. although more people are trading, only a few are able to survive and actually make consistent profits. so, out of the many who trade, most will be eliminated and exit the market with a damaged mental condition.

I thought as much too, and i went through OP's post history a little, and yes, i believe OP is shilling for this exchange. Not that it is anything new, they have a lot of shillers in the forum, but it's been a while i saw their shill posts, so i thought they have stopped that kind of marketing here, but apparently they haven't.

OP, i'm pretty sure you are not interested in the question in your OP, but rather the event you are shilling there, so good try, and not a bad topic to start in order to embed it in.

In all honesty there have been whole lots of people coming into trading either spot or future trading with a very wrong narrative of actually getting rich quick. This narrative is mostly pass on from influencers on social media who I have always  are most interested in selling their course and making money that actually impacting real knowledge on people. They flaunt wealth or rather fake wealth to lure people into their mentorship programs and then sell them courses to enrich themselves.

Seriously the large majority of people coming into trading most especially the futures or leverage trading are mostly through this influencers and they hardly make it out because the idea influencing them is to make money which is not bad and also the main reason for others too but there’s is to make it fast which is why they fall out after a little period of time without results.

Actually, trading is difficult if you don’t have the knowledge of how trading works. It is very difficult to understand. The overall trading knowledge is something you need to calm down to understand, so if someone who has not been in the space before said trading is a difficult thing.

I won’t blame them because it is actually something difficult for them since they don’t have the knowledge of trading, so it will be difficult for them. Just like you said now that it’s not difficult for you, I can say even when you started learning it newly, it was difficult for you too since you were learning at that time.

Nowadays everyone is leaning towards trading, it has become popular now. Many people did not do it before because they would lose money, but now I see many people doing it and I hear that they earn a lot of money from it. It is easy to earn money from trading if you have deep knowledge about it. But it is not good for everyone, for many it is very easy but for me it is risky, because I cannot analyze the market well. Nowadays, those who are dating are following it for profit but they may not be aware of its risks. So I would say that to do trading, first you have to have a proper idea about it, only then can you earn money from it.

Yeah, not trading alone because the OP also said 'doing both now' but I don't know if what is that other. Before, I think yeah that many wants to take part of trading but now that trading is now popular, everyone knows about its downside, so for sure not many now are interested on it. For those that are interested, crypto trading has more appeal to them because it is known to be more profitable but this is also due to its high volatility state. It is seems that it is also more user-friendly than the other.

OP also mentioned trading competitions there but this is one of the contributing factor on why people seem to FOMO on crypto trading.

Many folk now into trading and the painful truth is that many will still give up at the end . Depending on the mindset they have concerning trading , some believe they can get rich quick through trading with taking their time to learn properly after seeing showcasing their wins always. All I can tell most of them is to have the right psychology and take their time to learn because trading ain’t know child play and is definitely going to teach a lot of stuff .

If you don't have specific numbers for comparison, we don't have something to discuss then. There suppose to be a different figures from different time frame for us to compare before we conclude there's an increment in the number of traders and then we discuss the influence and what trigger the growth.

Just like every other aspects, people enter and exit everyday. In the case of trading, people assume it's fastest way to get rich quick on the Internet, hence it contribute for having numerous numbers of registered traders but only few survive in it.

By the way, trading is not difficult but making profit from trading is difficult.

Since people get involved with cryptocurrencies, they see how prices rise sharply and then drop sharply in short periods of time. This awakens the idea that they can buy when the price drops sharply and sell when it rises sharply. I searched Google to find out how many people are involved with cryptocurrencies and couldn't find that information, but although I couldn't find that information,

I'd venture to say that most people, when they enter the crypto world, think about trading, or do trade, then realize they're not making a profit and switch to a long-term HODL strategy. Regardless, I hope that at least those who are active in trading do so more wisely, because the risk of loss is very high.

Pump and dump became a way of making a move in the crypto world. Plenty of people who uses that tactic together, make unknown projects look like it's high for a moment, and then crash. So a lot of traders joined, making moves that look to be a strong move, and then we hope that they are right and we try our very best to make sure it can continue for as long as possible.

Not an easy task to handle because these newbies are trading with absolutely nothing that they can make, but it's in the end something that would be different. If you are a newbie, and want to just trade based on hype and pumps, then you are not going to make a lot of money and you are going to get a lot worse results if you are not careful with your trades.

Yeah, it takes time and it is not that easy, so it would be very tough for someone to just jump in and be good at it. I understand it may not be a great detail right now, but it should not be impossible for people to learn it, if they just give it some time.

I have seen it become an issue for many people before, but if we know trading and how long it takes to learn it, we wouldn't bother with influencers and social media. All those reels and tweets etc talking about how to make more, are usually just a way to get money for the ones who share it, not you. Just go ahead and learn how to trade yourself, there are many free courses, and if you do, then you are going to be better at trading yourself without needing anyone else.

Profit. The profit that they're seeing online influenced them to trade not knowing how risky, and how hard it is. Well, it's okay for these newbies to let them experience real crypto trading, and if they lost, they will decide on whether they will do the same as what they saw online where they're winning, or doubling or tripling their initial capital because of trading.

I always say that "Let the newbies experience trading" because they will only realize how hard it is when they do it with real money. For most, it's difficult, but despite of that stigma, many are still trying to trade because? It's money. Well, that's why we are trading in the first place. For money. Why many people are still doing it? For money. At the end of the day, I believe that the number of traders will increase overtime, and the more traders, the more will be rekt that's for sure.

Yes, there are a lot of traders right now who are losing but there are also a good number of traders who are already in profits, and as long as they’re still in profits, they will also continue to tell successful stories of them how trading helped them and how it can be helpful in the future as well especially if you have made it big through trading. But still, trading is risky, but eventually some traders have learned to managed it well throughout their whole trading experience.

Very well then in as much as trading is not for the weak but then there's something that is influencing the growth which is profits, so the higher the profit the higher the chances of being influenced by growth or other factors. So basically profits is what has generally influenced and outrun the growth in the number of trades.

I think trading is growing massively because of the delusions influencers sell to the people. They make trading seem so easy by showing only big profits and expensive cars etc. and tell they are away from these by just a trade. This is why most traders fail because they dont even have a plan they just buy and hope it goes up. They think trading is buy low sell high but in reality it is much more than that. Its about risk management, perfect entries, a good stop loss an exit plan good psychology and many many more. The influencers just sell their course and dont care if their viewer lose or in small cases win.

And trading is difficult, nothing has changed. It's a well-known fact that only 1% make it in trading, the rest of the people lose and this 1% earns what they lose. The growth of trading is influenced by how easy the trading itself is and how profitable it can be. Trading isn't very different from gambling, they share very similar patterns and gambling is a very popular thing in the world. These days, more and more people have access to trading websites and there are also tons of trading influencers who sell their scam product about how to trade effectively, so all of these summed together influence the growth of the number of traders.

Trading is always risky, I never claim that trading is easy. Because a professional trader loses to the market many times, there is no guarantee that you can win every trade. When you can gain a lot of knowledge about trading, then your market analysis may be a little easier, but you cannot say for sure that you can win in that trade. I think you need to test the market a few times before making each trade, if each of your tests is successful then you can continue your trade.

I would guess the income of the existing traders showing up online. There are so many people who are making money online and that means we are going to see a lot of people make a mistake if they are not careful but people do not share their losses that commonly. That would be quite good and I would assume that people share their profits and success a lot more. Others, who see those things, end up wanting the same and they do not get the same result as they would otherwise get.

That is the most common thing and I am assuming it is going to be a tough thing to make a profit based on just envying someone else. So focus on how to get a greater return all by yourself, and not based on what you see online and how others are doing. Don't compare them to yourself, because they only share the good side.

With Internet and technology advance recent years, more and more people now are mainly working online at their officies or even remotely at their homes. They can work, earn money online but from other jobs and use their money for trading. Unfortunately, trading is not easy and most traders lose money in trading so working online for money, and spending as well as losing it for trading online.

I think you forgot to mention about this when saying about working online and getting money. It does not only or mainly come from trading. Online income can come from many other activities while I am quite sure that most of traders lose money.

As Trading is becoming more accessible that's how the losses are. Many trades have had losses that they can't imagine, but some who are perfect in trading have made trading their profession, so that they can feed on it.

However, people's goal of trading is certainly to make profits within a short time. That's the reason why people who learn trading as a means to make money are willing to pay the huge amount they are asked to pay before learning trading.

It is good that we have good number of people into trading, but not for trading to serve as a full time job or for one to be greedy to lose their senses on when taking profits

I would say that what inspires and influences the growth in the number of traders is the need to get Rich. A lot of people have cracked the code when it comes to trading and they are making money from it. This is rapidly increased the number of people that are becoming interested in it. People believe in results, once they see that something is working they don't need anyone else to convince them

There are statistics according to which 70-90% of traders lose their money - https://www.quantifiedstrategies.com/what-percentage-of-traders-fail/ I think that if newbies were familiar with these statistics, they would be more responsible about trading, and some may have refrained from trading.

Trading is considered difficult till date, probably researchers are trying to learn and I see nothing wrong maybe just gaining the knowledge then giving it a try afterwards some might decide to stop trading activity due to how complex it might be either you have to stay patience and endure every loss else you quit. Aside giving it a try few are just interested in profit making, gaining the knowledge is not a guarantee you’ll win always rather trading is all about luck, sometimes you get it right while the market price is at the corner.

It's good to see that the community is growing with enthusiasts, investors and traders. But not only looking at the growth of the numbers involved on trading but also the influence that people see on social media nowadays in order for them to have another source of income. That's the first thing that comes to the mind of the new ones that have came in because they saw some influencer shared how profitable they were with their trades. Not gonna lie that it's an effective way of taking more people to trading but they do that for the commissions and shilling of projects. With this growth, it's also giving the uncertainty and scare that there will be more potential victims from these type of people.

The simple and straightforward answer to this is that, people goes where the money is, and most times there is this assumption that gambling is a quick way to make money, although this statement is just a prejudice and stereotype one, and for that reality have pointed those that have such assumptions in their place with heavy losses, but then traders still keep growing in their numbers till now although some manage to learn their way through when they discovered that trading is actually not a get rich quick thing.

I would say it’s more on the greed that motivate the new traders to enter in the market, but it turns out that not all of them are making good profits, but majority still suffer from consistent losses. However, despite of the said fact, trading these days continue to steal the spotlight, and for me, that’s because of the growing crypto influencers that continue to hype trading, though in reality trading isn’t making them all profitable in the end.

Other than the fact that people going where the money are.

Trading has become more accessible with internet. I can see the surge of trader when mobile phone become power enough and there are trading app everywhere being created.
It's a lot easier when you have access to stock market or crypto market in your hands 24/7. Such thing never existed back then, everyone doing trading either manually or through trading terminal.

Now you can even getting started with money as low as $1 and start your trading journey. Just technology advancement paves way for people to access trading platform better.

Yes, indeed, most traders suffer losses, despite the fact that we are currently in a bull market and, as you know, it is much easier to trade in a bull market than in a bear market. So I can assume that when the bear market starts, the number of new traders will decrease significantly.

Yes. I even read that one of the earliest Bitcoin adopters wants to turn 100USD to 1000USD and higher through trader and have opened it up for people to join this trading challenge. He even went further to drop some strategies for this to be achieved. And because he's a big influencer or popular in the crypto trading community many people are joining him. It shows how very fast that the community is growing. In few years, we'll have more. But how many of these people are actually profitable?

Community growth is basically thanks to online world being so connected globally. You can have it like Noahs ark, but instead of animals, it's 2 people from every nation. That means, we are all speaking English to understand each other, but we are a whole world, as one. That allow us to be bigger than anything else, maybe gold has that, but aside from that nothing has it.

Even the biggest stock market in the world, which is American ones, have global companies, but not the whole world, not the retail investors, you do not get to see 120+ nations, all bringing at least few thousand to a few million people, to some even tens of millions of people. Which is why it's obvious that we are not going to see this be replicated ever again.

Nothing has changed from the fact that trading hard, but if you check the world now, social media influencers are taking control of our emotions that’s why you will see a lot people joining trading just because they are been convinced to join even though they have no knowledge and understanding about trading, and this can be categorized as FOMO.

Most of the large numbers might be depending on signals from their mentors and influencers that is why you will see high number of traders and less number of people showing their pnl online to share their success.

The rapid growth of people joining trading now is due to fear of missing out. In this age and time, the social media is being used as a tool to draw people’s attention into what’s really trending that time. And with the fancy presentation of trading, it made it easier for people to easily develop interest and begin to trade even without knowing the pros and cons of it.

Trading is actually not easy, but they made it look so easy to them and make the lifestyle an enticing way to lure them into trading. Now, the percentage of people joining trading is increasing, but till date the percentage of successful traders is not fast rising as the number of traders coming into the trading market. It can only be one thing, giving up, running away from it because they can’t cope with it and will bankrupt them faster than they can imagine.

Where people see others making money, they dive in as well. After all, many traders think themselves as masters of trading after making a few gains.
So they continue doing it until one day when they have finally given up the thought of making money with trading.
I believe trading is not as easy as it sounds, the professionals here would know that ofcourse.
But yeah, your point of the number of people trading crypto these days is correct. For some reason, people think crypto trading is a shortcut to making money.
On the contrary, I would say, more people end up doing the opposite instead.

The world is changing, and there are skills people can acquire to generate some passive income or make money in small ways, and trading is one of those that people are looking into. No matter how difficult trading may seem, many people will still be interested in it because trading is real, and people still make some profit from it.

The only problem people have with trading is that they are often too impatient to learn and understand it; instead, they go into it with greed and a lack of understanding. Additionally, what is influencing the growth of trading is the inflation rate, as people are seeking other means of increasing the value of their money.

Where there is money, people will rush jumping on it, that’s the sad reality with majority of the people. They don’t seem to weigh things first if their decisions and actions will lead to positive outcome, but all they think is on how to satisfy their greed for money. And since trading has this people’s mindset that it’s a get rich quick tool, no wonder why they suddenly flew into trading, not thinking that it could even make them worst rather than giving them the massive profits they all desire when trading.

Now the number of traders in the market will increase greatly, we have seen during past bull markets that a large number of new traders entered the market. While it is true that trading in a bull market is easy, many traders lose money in bull markets because they take too many trades in the hope of making a quick profit. And bear markets certainly create tough times for traders, which gradually reduces the number of traders who entered the market during the bull market, because they realize how difficult the situation is for them.

The online traders are making everything to look so easy that people no longer are afraid of trading. There's always someone bragging online on how good they have become without spending that much time learning how to trade and encouraging others that they can do the same too. Trading is being shown all over social media as the quickest way to making money and this is discouraging those that would had wanted to be investors as they're now all shifting their focus toward trading. It's only time that'll make them all regain their senses because they'll realize that trading isn't that easy as the online influencers are making it to look like.

I hope this will be possible, but I doubt that. Statistics have always shown a progressive trend in the number of traders. If that has been happening for decades, how do we think it can stop soon? I would like you to know that, as some people are regaining their senses, many others will join, and even among those who regained their senses, many will still come back to trading to try their luck better.

Look at the new traders this way: Many young teenagers will enter the adulthold world yearly, many people will gain better employment, many people would want to venture into new things, etc. All these categories could try trading afresh and join the new league of traders to continue sustaining the trend.

And guess what, marketers and influencers are not relenting, they are everywhere to lure freshers and remotivate failed trader.

Tons of possible factor, base on my observation this could be because of the advertisements and promotions there are a lot of influencers recently taking profit in trading and they keep sharing and promoting different trading platforms this will be serve to them as a help and realizations that they can also be rich like other people do so they grab the chance to take theirs, also considering the different form of earning such as airdrops, meme coins, and etc, this gives an impact people now engage with the crypto space at all, I gues considered as last is the trading events of the casino because they are offering giveaways and coins to those newly registered and active traders with a prize pools.

What’s influencing the growth in the number of traders? It all comes down to one simple, four-letter word: FOMO

Basically there is now an incentive to make people join bitcoin, which didn't existed back in the day long time ago. Bitcoin was an individual thing, you got in if you want to or not, it was up to you, and nobody really cared, I mean we would be happy, but that's it.

Now there are exchanges, casinos, ETF's and many other business that is around the crypto world, so it looks like it was something that would benefit the people. So that is why I think it is clear that those companies spending countless amount of money on marketing, ends up helping people out and making it more known and getting more people in the door. That seems like the most logical reason that I can think of why there are more traders these days.

With the rise of social media visibility, there are many self acclaimed traders who show the public what they want to see and hear. Young people are seeking for easy means to make money, with how trading is being portrayed on social media, many young people want to rush into trading to make some money.

The focus right now is not on the number of people trooping into trading, rather the number of traders that have been consistent over the years. Many traders have quit and now call themselves mentors. Some have now turned themselves to content creators dishing out trading contents just to make money from social media. These are the group of people that are misleading the public, making it look like trading is very easy. Some even charge their followers some fees just to teach them how to trade.

Sometimes I see people talking about quitting their jobs to focus on trading, and I shake my head. It shows that they don't understand what trading is. They see the way people talk about it and how much money they make, and they feel it's an easy way to make money. I have said it time and again that trading is a skill, and anyone who does not learn it well and is not good at it will be wasting their time if they pursue it.

The trading platforms and traders are to blame for this. When you see ads about trading, they make it look so simple that anybody can do it. It's this way with both forex and bitcoin and crypto trading.
The traders, on the other hand, make it look like it's a money printing machine. They don't talk about how much they've lost and how they've had  7-day losing streaks, or how they would have given up if they didn't have more money or a source of income they can rely on.

Nowadays, trading has become a hobby of people. More than learning, they spend money just to see what their fate gives them. But they do not know that people succeed in trading not because of luck but because of their skills. Yes, it is true that the number of traders is increasing day by day, but is everyone ignorant anymore? You can realize peace by doing the work in which you are ignorant. They are doing this only for FOMOR. But currently, students are more interested in trading. They are also focusing on trading along with their studies. Because now mobile trading can be done and trading has become much easier, but you just have to understand. And I think it would be wise for these new traders to adopt hedging methods, only then they can become successful traders. And yes, the number of traders is also increasing day by day.

When I was in the university, I had lots of friends who claimed they were traders then. Now, alot of them have dumped trading for other jobs. I had an interaction with one of them to know why he quit, according to him, trading was not really what he thought it was. He was losing alot along with the restlessness and emotional stress he had to deal with.

Many traders now are like him. What truly proves that one is a real trader is consistency. Those who have been consistent for years are those I call real traders. Some traders who call themselves professionals are not really profitable from trading.

Trading is not bad because if you apply the right techniques and strategies, you will be profitable in it but the problem most traders do have is greed and impatient, you will see a trader who has made some profits in trading instead of them to be patient and wait till they get a clear signal they will just want to trade at all times which makes them lose a lot of money. Trading requires a lot of commitment and consistency just as you said though me am not a fan of trading because of the stress of always monitoring the market.

The bolded part is exactly the reality. In fact, most of these influencers are mere signal hawkers who just want to sell purported trading strategies and bots. The question anyone should be asking themselves is this – if truly those strategies and bots work, will those selling them want to actually sell them? Of course, not. They would rather use them and take in more profit easily.

I don't know if it's just me or it's mere coincidence, I get to see these signal hawkers more on my timeline online this day. It's annoying. I know their game and it irks me to know they're just out to fleece unsuspecting newbie traders. Most of them can't trade to save their own lives.

It is unlikely that you can achieve any success in trading if you treat it as a hobby. This attitude to trading can be considered as the first step to liquidate a deposit. Trading is a daily job that is comparable to other professions and therefore requires sufficient knowledge and experience.

Obviously yes. We have all faced losses in trading at some point of time and experience consequent losses.
We have to learn from our mistakes and try not to repeat them to become a successful trader.
The truth is that only few people are able to achieve that while many others lose their patience and keep experiencing losses until they quit.

Exactly, trading is obviously not for everyone. For those individuals with genuine intentions to really get it right with trading but everything seems like they are chasing shadows, it is okay for them to take a break to figure out their lives. Losses can be draining at times, when it becomes consistent, it can be mentally exhausting. Patience might now be neccessary in a situation like this. This whole situation explains why most traders don't rely on trading alone.