Bitcoin Forum

It pains me to watch new traders jump in head first without first learning what to do.

Some are smart enough to go at it with just a tiny amount of money at first...
...but most don't.

Only a tiny portion of new traders actually put in the effort to learn the ropes before they start.

Maybe the thought of having to do all that research themselves is overwhelming, and they’re not interested in investing in their education either.
Whatever it is, they're setting themselves up for failure.

It doesn't matter if you're a natural, if you don't learn about what you're doing, success is a gamble with terrible odds.

My cat is a perfect example of that. Cats are purpose built to be the ultimate killing machines, but my cat has no idea how to hunt.
She tried to chase after a spider this morning, but spent more time dancing around it than actually swiping at it. Plus, she constantly lost track of the thing and would start to wander off.

She's not the smartest cat on the block by any means, but the reason she's a terrible hunter is because she never learned how to do it properly.
If I didn't feed her every day, she'd be toast.

If a cat whose nature it is to hunt can’t do so without being taught, what chance do traders have without solid education?

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

If you've made it this far, and you haven't been taking trading seriously, remember the old saying, “Time is money, and money buys time.”
Are you maximizing your time?

Here's where the problem lies, many so called traders of the crypto industry presume trading to just be your regular buying and selling. Well, that's just the basic as trading has more to it. Therefore, if you call yourself a trader and all you can do is buy, hodl and sell then you're no difference from the average investor out there. There's more to trading then the basics involving buying and selling of cryptocurrency and that's where getting educating on trading comes in. The market makes it so easy for anyone to see him/herself as a trader as far they can successfully buy and sell cryptocurrency so they don't bother educating themselves on acquiring the skills necessary to be a successful trader.

A lot of people develop bad habits in trading over time without realizing it as well, and unless you really take the time to analyze your trades and see what went wrong, it can be hard to identify and rectify these problems. You're also your own teacher when it comes to trading as very few people are willing to give up their own time to teach others anymore, much less one-on-one lessons, so you've got to be able to absorb and apply the things you learn quickly too.

Unfortunately there is no institution or schools which teach the trading.  Most people learn trading through internet and YouTube videos and that too they are not fully learning it.  Getting a small knowledge and then jumped into the live trading will never make you good returns in trading.

Please understand that the work has its own harshness. Some gifted people can learn transactions very quickly and practice them very well but there are some that don't.
Everyone is good at different fields, maybe they are not good at trading but they are good at evaluation and hold.

When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.

They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.

Most people who attempt trading are destined for failure whether or not they read up beforehand.

Even if one can manage to employ a profitable trading strategy and learn the basics of risk management (not an easy feat), the real test is overcoming the emotions and adverse trading psychology that comes with trading. All that book learning goes to shit when you can't emotionally take a loss. Then you start pulling stops, letting losses run, and then all of a sudden your account is blown up. And that's exactly the point where most traders quit.

The fact is, you can't learn to control emotions and stick to trading plans by reading books. You can only learn by doing. Trading is a sink or swim endeavor and most people sink.

It is a sad truth. Because most people who participate in the crypto market do not have a good amount of knowledge for safe and high profit trading.
therefore, they have to go through a lot of failures and that makes them sad and want to give up.
anyway, trading is not an easy job and it takes a lot of time to master.

It is a trend and has lead most to grave losses. They were likely introduced to trading as a source of easy money and they jumped on the idea.
As a trader, you should look for a website that supports demo trading and start off with zero pressure, and find your strength and weaknesses. Then you gradually start investing little capital and learning to cope with pressure and actual losses.
The aim is not quick profit, but longevity, build your account to support your trades without you having to source for capital from other incomes.

I will not critics your cat, you never learn how to get it right if you never tried the road might be bumpy but if you keep on learning the theoretical aspect with out giving any practice you will never learn. You have to put yourself in a real life trading. The greatest traders around has stories of failed trade but practicing and practising will improve you. But I do recommend as a new trader you should use minimum fund to go for the main time till you up your game

It is true that time is gold but I don't think we should just dive in head first into gambling without even knowing it first.

I've been like that in the past, I do earn some profit but to be honest, I don't really know what is happening I just know what to invest in and not knowing when to do it and how to do it. But there comes a time that you will be hitting a dead end and you will be thinking that it is better to stop but to be honest, that is the time that you need to learn and take some advice from the experienced investors and traders.

I agree with you. I was one of those traders who neglect learning and start immediately to practice. I can say that I paid for my mistakes. But it was also a rewarding experience for me. After that, I began better to study trading and my results also became much better.

Don't forget that the new traders have a big lucky than the old traders because I see some of my friend who doesn't have skills in trading and they make a random buy order in any price, but suddenly, in next week, they can make a nice profit than the other friends. That proves to me that not all new traders are losing money because I see that some of them can beat the other and make a big profit more than the others. They still learn from many sources so they can add more information about trading, but still, they don't have much experience depends on the old traders.

You can't rely on luck if you want to make trading your profession. You need to learn, practice and hard work. Out of 1000 trades that you made, it's possible that only 100 or maybe even 10 that will give you good results. The rest of them will screw you before you can make another 1000 trades and get lots of good choice.

You can't get rich if you depends on luck. You need to work and hopefully luck will follow you everywhere.

without learning to trade first, of course, a new trader will get a chance to lose, and even if they can make a profit, maybe they have become their luck, but in conducting crypto trading, you should not play and try without understanding and knowing how do it. right trade, even if we want to learn to trade without someone's help, we can use enough capital and not too much, because you don't need to make a profit, and for example you will suffer losses you won't regret it so much.

There are some traders who don't care much about knowledge, skills and strategy. They more count on luck and that can work for a while but only on a short term. On long time period they will suffer loss, that is for sure and that is going to hurt.
I don't believe in serious trading without proper knowledge, skills and experience.and that comes with time. You will not become successful trader over night.

The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investing

One way or another, someone succeeds in something, because if the trade of inept traders was unsuccessful, their number would decrease very quickly.  Nevertheless, traders with different ranks continue to work in the cryptocurrency market, although they have to lose quite a lot of their assets due to lack of experience.

Having experience on a specific thing which you don't even learnt by basic, could always brought you to failure. It's so impossible to be successful unless you're doing it effortly, like studying all by yourself taking some research. Getting ideas from experts who can help us is the very important ways in order become intellectual with trading.

Time is indeed money but money cant buy time.If you do tend to reverse such line it isnt really applicable.Its true that there are lots of beginners do see trading as a honeypot and make themselves to be rich on engaging it without any proper preparations or learning where they do end up on frustration because their hopes been broken.Trade results can be seen which will really be motivate you to go into the same path but people gets too confident,they would only realize that they do need soo much thing to learn first before on getting profitable.

Too many are lured by the big price variations, by wonderful stories, especially from websites that only care about their ref links, by the mirage of easy money.
Nowadays people think they are smart and they know better, so they'll read deeper only when the things go wrong.
And FOMO is a great factor, especially in the months when Bitcoin rises in a spectacular manner.

All in all, some will always learn on the hard way what's Bitcoin trading about...

How and where did you get your figure from? I believe in your statistics about about the 96 percent of traders since you didn't follow it up with evidence to support your claim. Though it is good for those who want to trade crypto currency without prior knowledge to of trading should go and learn before they find themselves in trouble that will cost them to lose their trading capital.

If there are traders who never learn those are don't know how to listen to the advise of many here.
Sometimes because of their greediness they've loss coins and not changing their way of doing the actual
trading in crypto.

Making mistakes is unavoidable specially you're newbie in trading, For those who didn't even planned to learn trading seriously, I guaranteed they will fail instanly at first trading attempt all alone. It's so hard to learn by experience, because eventually you'll be lossing lots of money.

Bothering to learn the trade may not be enough neither, I mean I totally agree that this new traders that are not even studying how things work and just do their trades based off on their "gut feeling" are full idiots but at the same time just because you studied trading and even read couple of books about it and all online materials and you think you know what you are doing and start trading its still not going to be that great.

Experience plays a big role in this and even after studying like hell you need to do some trades for a while to gain some experience and then when you traded bunch of times and you will be able to see the market a lot more clearly and then you will be able to start trading a lot better because you both have studied and gained experience as well.

That's for sure, and you won't know the right approach in trading if you don't study first.
It should start from learn with theory and they you put it in actually application.

With that method mentioned above, I'm sure a trader  is doing the right thing and even he is prone to losing as a newbie, but he knows how to manage the risk.

It is very important in trading to learn first and analyze the situation if not it will turns out loss. Greediness is one of the reason why mostly traders loss their money. So they never bother to learn and gains knowledge as this important things in order to gain profit.

About 88% of people I know that invest in Bitcoin and trading do so because of testimony of other traders who may not even telling them the really truth.Trading is like football or basketball and it is your skills and understanding that put you ahead of others in the market or football field. It is risky to take the journey of trading and because of that you must learn before investing.

If I were to guess I will say that all of the people that lose money in the market did not made a serious effort to learn how to do it properly, there are those that never open a book about the topic and are the most obvious transgressors but there are many that read a book or two and begin to implement a method without even knowing what they are doing.

Why are they using indicator X instead of indicator Y? How they can calculate that indicator manually? Why are they using 3, 4, 5, or 10 indicators? Why are they entering or exiting the market? Is their strategy profitable? What is their ROI? How much they can expect to make in a year on average? I could keep throwing hundreds of questions and a trader that took the time to develop his strategy will know the answers to all of them while those that did not will not even understand some of the questions.

Don't be fooled by your cat .. she is merely playing with the spider.
She knows a spider is not realy edible or a serious substitute for the food you give her for free.. without any effort from her.
She is a smart cat  ;)

First, a beginner only sees ss from a number of pro traders then they are interested in trading. Well, of course they think trading is easy, just buying at a low price and selling at a high price, but in fact the opposite, they don't learn but hope to profit from the start.

The mind of a beginner is of course only profit and profit, they don't care about learning. They consider it difficult and useless because many say the market is unpredictable, but they are not aware that learning is not a technical matter, but all about trade.


Well right, learning in theory is not enough to become a pro trader, pro traders must have had very good experience for years. Even a friend once told me "You will be a pro trader when you can determine the direction of the market in the graph with the naked eye". I am aware that experience plays an important role in everything we learn.

There is a saying that, "Learning is a process." When it comes to trading, we should never forget that. What matters most here is we know how to maximize our learnings on real situations when we are in trading. Some may pretend they know how to trade already by simple buying low and selling high but there is a dept analysis about trading that everyone should know. We may be successful if we are continue to learn more.

This must be a typical scenario of crypto markets and definitely very rare for any other markets. This is becoming possible for any crypto trader to trade at first hand and also booking profits due to "always in uptrend in long-run" nature of crypto currencies. I mean unlike any other markets you can buy and hold to make easy profits with the crypto currencies so traders are least bothering about educating themselves.

Self-assessment must be a biggest part, every trader must look into focus so that they can sustain with their trading. Even crypto trading is profitable we cannot make quick profits at our own desired time-frame. We must give the markets enough time to book profits here and if we need quick profits then we must LEARN FIRST on how to trade effectively.

I don't really know how beginner swords start and how to think, maybe what you say is true that novice traders don't need study reports. Correction on the market often goes down so deeply, maybe because novice traders use large funds so the decline is quite deep, this is my personal perception that truly smart traders have a small percentage in the market.

If they never learned to trade then they are gamblers and not traders.  When you make money from a trade you are taking money from another person so this is a zero sum game overall.  Even the best traders suffer a lot of losses but they do everything they can to limit them.

Most people don't learn until they've totally ruined themselves. That's how human nature works. Only the most disciplined take the time to learn which means they were going to succeed anyway.

If I decided I was going to be a trader, and I wouldn't because I'm shit at it, I'd start off with a set sum that I was fully prepared to lose and I wouldn't go any further until I'd processed how that bit of trading had played out.

If it was a disaster I'd know something wasn't all there. All the same crypto trading is so out there I'm not sure how much education can do. A few big hitters can put a bullet in everyone's carefully formulated strategies.

I think every trader learn trading by other people experience so they can get a new experience which can help them to start trading. People are learning from reading and watching on many website and practice by trading online in the exchanges. But if the traders don't want to learn about how to trade, they could still hold the coin until the coin price can increase and that is happening in the crypto market. I still learning more about trading because I realize that I don't have good skills in trading, so I need to learn hard, and I believe that will help me to make more money.

When people do face up hardship or failure on first attempt,majority would completely stop and wont turn their back again.Failure in first try cant really be avoided.

If you do really want or like to be a trader then you should face up these trials on early phase because you wont ever learn if you wont accept these things.
No one do start on being a pro,everyone do start into the bottom.

It's a great article i have found just now. I think every new trader need to read the article at once .However their is nothing makes you profited if you don't learn this .I did the same mistake what you mentioned at the early of your post i putted my capital on the investment without knowing anything as usual i got losses .Then i gradually started myself how to trade with profit. So don't bother to learn trading

That is true. I suppose, those guys who do not want to learn anything about trading and deal with it, are simply self-assured people, who think that they are smart and lucky enough not to get knowledge. Let them do it, and watch how soon they will start asking why they failed in trading. Trading is not excitement or hobby, it is a science and even art.

You can't blame the newbies if they just jump into trading without learning how to actually trade because there are traders out there who says that trading is very easy, Buy Low, Sell High, and show off their latest gadgets or perhaps their car. What newbies didn't know is theres more than Buy Low, Sell High. Sometimes its even Buy high, Sell higher. Some newbies would rely on signals, signals that doesnt help at all because they (owners) already positioned themselves before making the announcement.

I hate those who are too aggressive to money and not patient, life is all about patient and one of the problems that I found with such type of person is lack of patience, they want to quickly make money and so they rush in quickly which makes me to laugh at them when they also rush out quickly in failure. Nothing good comes easily, they think that trade is magic and just the same with long term trade where they just buy and watch the market for a long time, and when the see profit they sell.

They forgot that when it comes to trading, they have limited time to work with and the only thing that can make such time worth it is when they have all the necessary strategies which has to be learned perfectly well before they embark on the journey of trading.

You cannot even call them a trader even if they have accounts in a crypto exchange and they still don't know even a single technical analysis or a trading strategy they can't be traders they are just newbies with an account in a crypto exchange. My advise for newbies is to not get into trading cryptocurrencies first but learn technical analysis as you'll have a better hold into the market once you decided to get in.

Personally I never hesitate to learn the trading from my friends or the guys who I introduced after me. When is started initially I was doing the conversion from BTC to USDT.
After that I have started to trade on market price and fixing the price for the the higher expected value.
I used to keep selling profit as 2x times and I was getting that profit also somehow.

Most traders will say that trading is extremely hard and when we consider the failure rate which is above 90% then we can say they are right, the ones saying that trading is easy are those which try to promote their exchange, and they do it because most traders lose all their capital in less than a year so they always need new customers, and what can be better than to attract customers with promises of easy money by just buying and selling a volatile coin? So while I understand why newbies may trade without any experience they must realize their mistake after a few days and most of them do not do it until they lose everything.

And that's what pump-and-dump groups are still at in even though we are already in 2019. There are a lot of gullible beginners out there, being lured by this group and jumping their head first. And what happened to them after they lost their money? They all blame the ecosystem, bitch around the community that they have lost huge amount of money.

But if you look closely at this noobs, they are doom to lose money anyways, because they don't know what investing or trading is but simply suckered by this group with the promises of big returns.

Most of them learn from their past mistakes, become a good trader, while majority losses trust on the system.

They are not traders. I call them "GREEDY INVESTORS".

Its hard to imagine that an average stupid so called trader will get profit even they don't have knowledge on what they are doing. They thought that trading in crypto is like counting 1 2 3 only. This is why most traders are getting a huge lost in trading because they are jumping out without any knowledge. Professional traders right now spent hours watching videos and gaining knowledge about crypto trading so an average trader must do it to in order for him to become a successful one.

I am sure that if it was easy to trade, then almost all were successful traders.  it is an investor that you can become fairly easy to have a certain capital and know about the prospects of some projects, but trade requires a lot of attention, labor, knowledge and experience.

Its not just "Buy low, Sell high" and it's not just by looking at charts and see a golden cross. It's more than that. Traders can easily earn $1,000 in just a few minutes but they can loose it as well or more than that in a few minutes. You can't just rely on whats out there that is free to read, you also need to spend to learn more to earn more.

I learned jumping at an exchange.
But being wise I did not risk a lot of money. Just a little amount to get some experience into it is really done.
Afterwards, I lose. Took that as a lesson then started getting more information about how to do it right.

I did find a lot here in this forum.
But still, everything is so clear because I jumped first.

It is not that bad to directly go to an exchange and trade but be sure it will not mess up the whole amount for your capital.

They simply do both and the result is not important for them if they are able to make money. The zero-sum game theory is not the case in trading but it is well explained in gambling-related threads. Expreiecneded traders also have bad days but they learn with their mistakes after cutting loses. Let the winner trades go and cut loss.

I have some friends who have traded in the market for more than 5 years but still lose money.
So it's hard to say how to win.  :)

I think he is never learning from the mistake so he cannot make a profit. It will happen if someone doesn't want to learn anything and only depends on what he reads on the news. The news can give the information to us, but we need to search more, and that is why we need to analyze for ourselves so we can determine what is going on the market. He can fix his problem, but only if he wants to learn more about trading, and that will not easy to him as he is hard to learn to trade.

Well, as I can see to those traders who came up into crypto trading that most of them are always in a hurry to get profit,
were in the end the result is not good for them. Due to they never begin with learning stage which is supposed to be like that actually.
Building knowledge is very important for newbie trader.

It pains me to watch new traders jump in head first without first learning what to do.
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Mostl of them are want to get earn quick they invest wothout proper knowledge and skills to earn profits, the result is losses because of lack of knowledge and skills in trading

many of them are just looking for profits and do blind trading without gaining knowledge , they think that there is easy money in trading and lose there money easily 
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Meaning much better to waste time to learn and study to get knowledge than to waste moeny because of greedy. But I believe learning is one of the best key to get success so leaening isn't wasting time it's important to all to get knowledge.

It does not count how long you are in the market. It counts what do you put in, in that time to learn. Its the same thing with the type of guys who goes 3 time or more a week in the gym. if you put some effort in and work hard, you get results after a decent period of time. If you just go in to talk and do nearly nothing, you don't make any progress.
It's not a matter how long you are in, its a matter of how many time you put in to learn and train your mind. Good trading is more psychological than any other thing.

Nobody is saying that there won be any losses in trade, even the called professional trader must at some points lose their trade, but when you constantly loose more than winning, then there is need to pause and then look deep into what could be causing the several loses. You have to check if it is lack of proper knowledge, lack of strategies and skills, and it could also be greed that is causing it.

So, if your friend save been trading for that 5 years and cannot have record of success, then they are simply just wasting their time, they need to quit trading first, and then look at those things I mentioned to see which of them is actually affecting them, then they need to really work on themselves and then probably come back to trading again after they must have fixed those things.

These traders are quickseller, and I guess most of them are those who dumped coins at worst. Panic seller are those who didn't want to learn how to trade safely. They're just jumping from one another coins and buy but eventually sell their assets at larger number without even holding it on several days.

They easily get distracted when there are market changes because they have a lack of trust and always thinking negative. They easily been caught into FOMO when they hear news and to know what will exactly happen to them? they'll absolutely be losing by then.

They are not the real market traders and we don't need to be bothered with them, instead will be happy since they'll give our chance to buy their coins a low price.

People these days want easy money without understanding the facts, do's and don'ts, and everything else about trading. They need to understand that it is not just typically buying and selling.

It wouldn't hurt to read and study first because it will surely help them in the long run.

Also, knowledge is not enough. You also need to gain experience from trading and learn from it. When knowledge and experience combines, you will surely understand trading more deeply. It takes time. You need to invest your time to learn. And your learning will help you to be successful in trading.

Trading is not something you can jump in without adequate and comprehensive knowledge and experience on how it works. You will have your entire trading capital wipe out if you don't spend quality time and funds to be trained or training yourself on how to trade professionally because it is only the experts in analyzing the market using the technical and fundamental tools to make and investment decisions that will make you successful in investing and trading.  Never try getting into trading with money that is not your own and doesn't put in your feeding money.

Does trading look like gambling to them, even gambling is not so easy to make money from it, and not to talk of trading. Even if they have that mentality of easy money, they will have no choice than to jettison such mentality when they are faced with the reality of real trading when they start it, then they would understand that trading requires lots of work and lots of dedication for people to really make some tangible profits out of it.

The way people learn trading nowadays is really so strange to me, someone that is entirely new to trading would just ring one page of trading in a day and the next day, he or she wants to start trading like it is that easy, during my own time, it took me 6 months to study trading theory wise and understand it, while it took me another 6 moths to vigorously practice it to become better.

This, everyone knows that if you want to become proficient at a skill you need to practice it for a long time before you see positive results, but for some reason that widespread truth gets forgotten when it comes to the markets, people see the potential to make profits without too much effort and they get interested in trading without actually putting the effort to become traders or understanding that every single person is looking for the same outcome than they are and unless their level of skill is higher than the level of their competition then they are the ones that will lose.

Just like when I was new to this crypto thing and was making use of Coinbase, I never understood what the trade part was all about and mistakenly got into a trade, but luckily for me it wasn't a loss at first but a little gain… when I tried the second time,  I lost a bit. That's when I started to realize what it was and then I decided to do some research on it and understand how it works and everything. I was able to come across some helpful articles that helped learn a lot of things about trading which I still use till today.

I believe everyone will learn their own lesson out of their losses and frustrations. Until experiencing those frustrations, no traders is finding time to analyze the importance of LEARNING FIRST well before touching the real trading.

I kind of noticed that trading was not meant for me, because I am a low learner and not too serious of learning new things including in the trading field. I only buy coins when my friends says so, I never questioned them, maybe because I trusted them. When I tried to make decisions all by myself and picked some new alts, I lost it, and therefore stopped. All that I have bought was failures, I did not put much attention and therefore come to the point I quit.
This is really happening, mostly the new ones who are interested are the ones often being victim of this, they do not know how to trade but they do trade with them lacking in skills and knowledge of trading.

I think these are the traders want to earn in an easiest and fastest way as much as they can. They're might be greedy that's why they
never bother to learn due to they really don't want to learn actually. They thought, there is shortcut for big earnings. But of course its not
like that. And besides, trading is not for all people, therefore many are called only few are chosen.

It seems to me that people with certain knowledge will still be able to profit from trolls.  But the cryptocurrency market, like in gambling, also needs luck and a certain experience that works in tandem with intuition.  It is then that it will be possible to receive good income from trade.  But in other situations, a simple trader is satisfied with only a small percentage of profit.

Never write yourself off, I don’t believe that there is anything that we cannot do if we out our mind to it, I know that trading is not for everyone, but not because we are completely weak about it. It is all about passion, it is when you don’t have passion for it that you will find yourself not learning it, but if you have passion for it, even if you are a very slow learner, you will definitely pick up one day

I would not force you to do what you don’t have passion for, as you have decided to quite trading, the advice I would have for you is to quit and then try to learn more about trading, and as you are learning, there are trading platforms that you can use to continue learning with and I believe that with time, you will surely get used to it and you find yourself doing better.

It is not really that important to learn "how to trade" as long as you want to invest. I mean if you want to be a day trader then you need to start studying it a bit but if you are going to just buy some altcoin and hold it for long enough then you do not need to know the technical analysis or some other stuff that all day traders use or you don't ever have to look at the charts.

As long as you use money you are willing to lose you can even do day trading and you can learn how to trade while learning at the same time, after all doing something is the best teacher and the more you do the better you get. This is not some art related stuff where its subjective if you are good or not, its finances and if you make money you are good and if you lose money you are bad so you will learn it quicker.

It is possible to do as you say and learn to trade by doing real trades, but the drawback of what you are proposing is that we do not have an unlimited amount of money so even if the amount you use is small it is likely that you will lose it all as it happens to the majority of the traders, so it is way better to learn all what you can without using any money, that way when you are finally ready your capital will be intact and in the case of a drawdown it will be easier to recover the money lost to the market.

When I started this, I experienced this a lot too, till I learnt my lesson, and I learn to take my analyses very serious and stop basin it on guess and assumption, the worst that first happened to me was on my first trade, I felt because I was good at using demo, that it would be the same as live trade, so maybe my hand was itchy too and I opened live trade, and the worst thing about my decision was even that I started trading with leverage, I ignored analysis and started trading with instinct till  lost a lot on my first trade, but from there, I had to withdraw to go and learn more and that was what led to me being a pro trader till date. So we just need to have patience in when trading and make sure we strictly follow our analysis strictly.

Yeah, people who cannot learn so quick will get more losses, especially if they don't want to learn more about trading. Their capital will be gone just as soon as they don't analyze the chart. When we can make the first profit, it seems we need to control ourselves, so we don't make a wrong buy at the market. We could get lost if we don't be careful to analyze the coin so we will miss the chance to get a low price and sell at a high price.

I guess you must have been a victim of one of them for you to have known them this much. Forex is not that hard, the hard thing there is knowing how to work with technical analysis because it is only with technical analyses that you can do better with Forex market, without a full knowledge of technical analysis.

There is no way that you can predict and place a buy and sell order, so it takes a professional trader to be able to trade well and that is why crypto trading is still the best for now, you don’t even have to trade with leverage before you make profit, in crypto, provided you know how to target when to buy low, that is really the most important, you will surely make profit when the value of the traded coin increases, and the best form of investment in crypto is to hold.

A trader’s task is not just buying and selling rather it is more than that so it is vital to learn all aspects of trading. Also, there are many traders who in order  to get the understanding of market read online which may be partially wrong or correct. A little knowledge of something is dangerous.

Don't force yourself if you found you are sucks at trading , just pull yourself together and get on with your job, otherwise i can guarantee your way to trade would feel like it's a pure gambling by placing a buy and sell order based on your guts which is a wrong way to make your money productive there.
In several cases a newcomer who frustated get a losing streaks in trading prefer straight to gamble to blow off steam, a fatal mistake.

It's indeed needed to have more knowledge and keep enhancing your skills when you are working with this market, if you want to maximize your potential profits then extending your time keeping yourself updated and having a lots of research to make sure you are doing it right, never to be bothered to keep learning and be stuck with one strategy but much better to have more plans.

People gamble with their money in the name of crypto trading that is why most of the people are in losing while doing crypto trades at the risky market condition. I suggest the people to learn the basic technical analysis skills if they really want to to take trading as a serious thing in their life or else they are simply gambling with the the money what they have.

It is very risky to trade without knowledge and skills with only modest capital, that's a common thing to find in people who want to get rich quickly they don't know what they are doing can be a high risk if they choose the wrong step and end up losing money

That would be a sort of learning for the newcomers, they should know what it takes for crypto-investment. We can't find it too risky if we know how it works for and considers this as a normal event. Yes, losing might be in our ends sometimes but we can't just be down because of bad experience, instead will bring this as a reason to be careful in the next round.

Learning from defeat does make us careful that in the future we will not experience the same thing but if we have the knowledge and skills we can avoid things like that and we know where to go

What is the task of a trader other than buying and selling which is even the general definition of a trader, the main reason why they came into the crypto market is just to buy coins at cheaper rate and then sell at higher rate as many time as possible. But like you said, in other to be perfect in this, because they are now different from being an ordinary market trader and I think that is what you mean.

There is need for them to acquire knowledge as much as they can because trading of cryptocurrency or Forex trading really require a solid skill and strategies to be able to ascertain when to place an order and when to sell their order. Any trader that jumps into the market to trade without that solid knowledge does that at his or her own risk.

It’s such a bad way to go about Crypto Trading and something that causes obvious issues for everyone. I just can’t understand how anyone could succeed without trying out How to do Crypto Trading (https://cryptolinks.com/cryptocurrency-beginners), it’s not something you learn overnight but through so many lovely ways. I love YouTube, as there you can learn so much in proper detailed manner and this is just one because there are many other ways to get it stored rightly.

This doesn't only happen in Crypto markets. Traders make the same mistake in trading stocks, bonds, futures, options, ETFs, commodities, etc.

They basically watch a movie like "Wall Street", "The Big Short", or "The Wolf of Wall Street" and look at a few charts, open up a demo account and take a few demo trades and go from $100K to $1 million and decide for a career change.

Then when they got real money on the line they finally realise how much for difficult it is than it seems. Like discussed here. Most traders make good trades but they take profits too quickly and they let their losers run. And what happens is that even if they get 50% of their trades correct. One trade that goes down 80% of their account is usually what makes their account go bust. And then they have to send another deposit into the exchange because they ran out of money. And the cycle repeats.

There was maybe a time where just knowing the basics was more than enough to make profits since the market was full of newbies, but as the market gains liquidity and popularity we are beginning to see a greater level of skill among traders which means that just knowing the basics is not enough, if people are serious about making money then they need to dedicate a significant amount of time to learn how to trade otherwise they will become victims of the more experimented traders out there.

Wholeheartedly agree with this point

But it is almost always more complicated and more difficult than that. Do gamblers force themselves to gamble? Typically, it is quite the other way around, i.e. they force themselves not to gamble (and most of the time fail miserably at that). It is an addiction, and it takes a tremendous amount of effort to get off of it. But trading can be and often is an addiction too as many, if not most, people massively overtrade even if they don't suck at it (in the way you mean it). In other words, they trade because they can, not because they are so much looking for profits
 

Yeah, we all read that tragic story

I'm not happy about this situation either. But if they don't want to learn then they will have to learn from their own mistakes. That's the only remedy from trading ignorance.

Traders can be classified into two which the other do rush up and the other do make some preparations when they do trade up.
Rushing up two things do have common outcome which is losing money but somehow there are traders who do able to risk up directly
but eventually learn up from their mistakes and on the other side traders that do have preparation does much more better but doesnt mean
that they dont have the risk of losing. Guts and trading using up intuition is somewhat common yet ive been doing this even ive been trading a year.

Actually, there is no excuse from being ignorance and to make it lose. We'd all been experience losing before but it quite to consider this as a sort of learning and find a way to make it right. Facing such risk in trading, isn't that really easy but we can do the right things and follow advises just to correct what we have been doing wrong before. That's the only could help and trading life will success.

This is a very common issue with most. The simplest logic people don’t understand is that trading is enough to give them all the needs, so there is no point in trying to hurry up. If we go correctly, then even slower earning is better than majority of the stuff we do in normal situations. I love trading and it just becomes 2x enjoyable thanks to FreshForex broker that I work with using their 101% Tradable Deposit Bonus, it’s amazing!

They belong to the losers, when some traders are losing the others are making profit, for me, that's normal, we can't expect everyone are good in trading and continue to make money, it's a competition, it's not just reading the chart using your TA and the likes, but this market is all how psychological decision making where you have to control your emotion and play tough so you don't get fooled by the whales.

Let them think like that because they will know that if they are right or not. To make a profit from trading is not easy, and they need to learn more and more about trading so they will have a chance to get the profit. But if somehow, they can get the profit from their first-time trade, then I will call them as the luckiest person because not all new trader can make their first profit in the first time. I think they don't need to use big money to trade because they need to make them familiar with the situations in the market so they can trade without a problem. And after they can familiar with the trading, they can use big money to continue trading.

Usually, maybe a lot of case already happen. For people who can get profit in their first time trade, maybe will think "ahh i can get money instantly with this" and then use all their money to trade, luck wouldn't come twice, but analysis can be used anytime. If not use analysis, only need time for they to know if they lose their money. I already meet a lot of people like that.

Got in quick too and traded without doing a lot of research first. Initially intended to buy only a fair share of promising tokens that just got listed but I was unfortunately swayed by hype. I ended up selling all of the tokens I acquired too early during a bullish run, got impatient then re-invested so I could buy back the tokens I initially intended to hodl, at a higher price from a bear market. I've learned my mistakes and will try to be more patient next time and try to trade with more knowledge.

If you earned tokens using the Bounty company, then most of these coins are junk on the entire cryptocurrency market.  Using these coins not only to learn, but to earn will be almost impossible.  How to learn to trade if there is no real trade in such coins?  It seems to me that you need to learn with the help of real and promising projects in order to become a less experienced trader in the market.

Besides that, they will think that trading is easy because they can get their first-time profit. But if they don't learn more about analysis, they cannot make a profit again in the next trade because the situations will not be the same as before. There is no way for us to make a profit in trading if we don't have the skills to analyze. That is why even traders can analyze with easy, and they need to still learn to trade because no one knows what will happen in the next days.

I did mention promising tokens. My mistake was not the choice on which coin/token to invest in. For me it's quite easy to identify promising projects. Trading isn't. What I learned from my mistake as an inexperienced trader, trade decisions have to be made with less concrete basis and the more concrete basis are hard to come by in order to maximize trade earnings.

Many traders are lazy to learn, which in their mind only makes instant profit. So what many traders do just looking for a free group
signal usually from a telegram or there is a desperate to jump into trading by assuming just buy, hold and sell. So from that many
traders, especially newbies who claim to always losses, after investigating the average they do not understand trading knowledge such
as chart analysis, fundamental analysis, how to determine the buy / sell price, what is a support price and what is a resistance price.
And many more trading terms or trading strategies such as average down or scalping are not understood by most traders. It takes a
lot of education in this regard, and indeed it takes a  process to change our trading habits.

thats happen to mostly in cryptocurrency make.they speculate their money by joining in any telegram group or trading signal group thas hasnt proved yet.much of them regret when they know they signal wrong.but its too late when they already loss their money.improving skill in any analisys technique will help us ,we will could start trading independenly without any suggestion  from other and survive in market .

This is the reason why some traders are joining some pump and dump scheme group and not willing to learn and grow their knowledge when it comes to trading. That's why more and more people are falling into the scam of this groups and it cannot be lessen until they realise on what they're are into. And realizing until they are on that situation or already been scammed.

And you know that traders are into profit so they will take the risk and thinking that they will learn a lot by just buying and selling a crypto and they didn't realize that you need to study and analyze the market flows before investing.

Precisely. Those traders are keep supporting pump and dump groups will soon be realized that they are making mistakes but it's too late and no longer reversible, they can't do anything but to accept that they've got scam by the group and the money that they've loss are Already gone forever.

Traders needs to put time and effort to make sure that they will have a successful journey towards this market. It's not the group that you are following but your own assessment will help you to be successful.

I think this kind of people are those who let others decide what they should do and are quiet lazy to work themselves up. If a person really want to profit in trading then they should educate themselves first as to not fall on these traps which would totally snatch them their assets. Aside from technical analysis which you can watch in youtube or any other platforms, you should also be aware of the news circulating in the cryptoworld since it affects the future prices of a particular coin.

They are those people who are just relying on the paid signals, they are the one who just want instant money, they can't rely on their own knowledge and understanding.

Those people are the one who over reacts when the price is goes down, ranting and messaging in the community saying that the project is scam.

Because, they were attracted to simply lifting the first investment. with that they are too lazy to learn everything about the market and its flows. they think strategies is not needed at all because they can earn without it. and to that they make a wrong decision in their whole life. they will gain guilt and unfocused so to the next investments and trading they will lost huge to the reason they are emotional at that time. trading is not an easy way to earn money and become rich. get rid of that thought, just straight forward and use your learning to reach what you desire in life. no such easy things that succeed.

where did this number 96% come from?
This statement of 96% or 95% of people fail in trading is one of the biggest myths spread around the traders.
Furthermore, the cryptocurrency trading market must be different from forex trading or stocks.
I trade bitcoin and some altcoins, but never lose money, although there are some who lose money but most of my friends in profit as well.
You know, to make a profit in trading, you don't need to be a good trader, just follow some good traders to obtain what they capable of.

"The answer by John Roberson (https://www.quora.com/profile/John-Roberson) states that about 20% of the traders he has observed made profits. This answer differs from others. The reason given is that were in a good competitive trading environment. And I tend to agree with this reason. These traders trade with the belief that they will be profitable." Source (https://www.quora.com/Do-90-of-day-traders-lose-money-because-I-have-been-trading-for-only-a-short-period-of-time-and-my-principal-has-increased-by-30-so-is-this-simply-beginners-luck)

That is obviously an estimate that is clearly blown out of proportion to get their point. The OP is clearly luring people through his signature. Perhaps he is selling something. That 96% is an exaggeration for the sake of marketing whatever it is in his Facebook page or community. But his point is somehow true. There are many crypto traders who did not bother to study and formally learn the art of crypto trading before getting into it.

I would call this a typical human factor. 90% of people are lazy, they do not strive for constant development, they do not strive for continuous improvement of themselves.
Therefore, those people who go into trading, for the most part, are those people who want to make money simply and quickly.

They think that trading does not bode well, they think that trading is easy and profitable. But faced with reality, they quickly realize that their expectations were very far from the real situation.

This is really the problem with people, they want to earn but don't want to invest in studying and learning what the nature of field is and how it works. They already want the fruit but didn't even bother to plant a seed. Majority of people, making approximately 90% of the ratio of the population was being eaten bybtheir laziness that's why there are only few that are still in the trading and is being successful because they are that few who are willing to go through the process and pick what they planted.

Indeed. A trader should not go for the same strategy all over again, a good trader should always strive for continuous improvement that he always seek for a new learning. You will not meet your expectations when it comes earning huge profit, if do not work harder and go further in making yourself a good in trading.

Agree, we as humans, if we will be given the chance we would love to earn with less effort, we want to eat but we are lazy to cook, we want to become rich but we are tired to get up in the morning. We keep complaining that God is not fair that he created wealthy and poor, yet if there is chance we are taking it for granted and just letting it passing by. That's why there's a lot of poor people compare to rich people, as only few would like to take action how they can change their life.

Just like here in trading, we have given tools to read and review, we have given all the steps how to trade even simple sign up has a tutorial, but what we are doing, nothing. We just want to invest and hoping it will grow more than 100%.

I honestly see past version of myself with this! You end up with heavy losses when you refuse to learn or don’t even bother about it. But yes, I went through worst pain of my life. I am changed, I stopped thinking I am meant to succeed only. Now I know I fail too. Also, I know profit is important not double/triple. I don’t try to make 100-200% now at all. I am happy even with 20-30% month. Also, learn to work with quality broker it’s also very important.

Not all. Me too is joining some  trading sginal group,  but it does not mean I always follow their trading forecasts. I do my own research and analysis, and if they coincide with their trading signals, then I am confident that a higher percentage of my analysis will happen.

This group can be a good basis to think but not always a good trading advise, you have to DYOR always.

Being lazy is one of the most common mistake of these newbies.They are rushing to think to make themselves rich or make easy money with trading.
In result? they do easily let themselves fall into buying something where these group owners or handlers do suggest and then when the price had risen then
dumping would comes next.This is already a typical stuff on this cryptospace where making money out of those noobs out there.Research and analysis is a must
because these things will surely avoid you into these circumstances.

Same I have the same though's and will not entrust my funds to anyone who said they will trade it for me since I don't want to lose my money for the scammers who claims to be a good traders and it's really better to do tradings by ourself since we can assure and monitor on what is happening to our capitals.

People should really take out the laziness to their body since if they keep this on their system for sure they will repeatedly lose their hard earned money for ponzi schemes here.

Yes, I understand the message you want to send to the community. but I have many friends, have great trading knowledge but the psychology is not stable. he trades like gambling and keeps losing money when his mind is out of control.
It is the biggest problem that makes many new traders lose. This is also an additional message.

I have join too in telegrams but I don't read a lot or just check it only if I already eyed alts to trade, it's more on we should studied it first before we consult them or see their prediction not the other way around that it makes us controlled by them but mostly I just follow my instinct, graph and news not really on indicators. Trading will depend on what we prefer to do even we studied it before trading we will somehow realize the thing we need to consider when we already experienced it. As long we're serious knowing it, we're on the right move.

There are two kinds of successful traders in my opinion. The first is the trader who studies first before going down to the market.  the second is a trader with talent, without having to learn in advance he is able to analyze the market accurately. Although both types of traders have the same good skills, it doesn't mean they don't have risks, it's about the market because market analysis isn't always perfect

Its just shows that if you want to be a trader you have to be prepared mentally and emotionally.

Gaining knowledge is not enough if you cant set aside your emotion when you trade because you cant apply everything you learn if your emotions dictate you on what to do when you trade.

Trading is not easy especially if you are greedy to earn. Take it slowly and have your own plan and understanding and dont rely to signals or in the analysis of other traders.

Not really trusting your own judgement when it comes to trading but relying on someone else indicators is something I will never understand. That is why I stopped using bots as well, do you know how bots really work? You put in indicators on when to buy and when to sell and it works around that, it does exactly what you tell it to do.

It is not a magical thing that can make you money, you can manually do whatever a bot does, you just don't have the 7/24 availability for it and can't check 100 pairs all at once, that is literally only thing a bot does. Now, if I don't trust my own judgement and do not use bots, why would I trust someone else judgement and indicators? What makes them so much better than me that I make them some profits for it? Not a chance for that to happen and neither should be for everyone.

I think there's no trader with just pure talent without any knowledge of basic tradings. Maybe there are some right now who can predict the chart direction without learning the trading rules. But i'm sure they're just lucky and one day they will be fall down and they will realize trading is not only need talent but trading is need multiple factors such as technical analysis, fundamental, emotion, and many other factors.

A trader must always learn, no professional trader or business man become successful without even going or experiencing any problems along its way, while there are some traders who are i don't know they are lucky and spend little by little but still winning a trade While there are traders who wants to learn but keeps on losing. There are many different types of traders struggles and experience. To end up it is always in the people who want to be a professional trader.

Yes of course we cannot earn from trading without having all this, a person who want to get profit from trading he will have to have good abilities to analyze the market and he must know how to survive in price falling session. And trading is all about patience, knowledge and about good market analyzation if you have these abilities you can become great trading easily.

Even if you are one of the lucky traders which has an enormous natural talent for trading you will never know until you try and since the chances that you are that lucky are probably less than 1% the safest path is to assume you do not have that talent and do everything you can to learn how to trade properly before risking your capital.

At the end both those with talent and the ones without talent should take the same path, learn all what you can about trading and then and only then you can put your money a risk, as you can see talent is not really the deciding factor between successful traders and those that fail, to me the main difference is the time and effort those which are successful decided to commit to learn how to trade.

I think most of the new traders are just attracted because of the possible profits and not with the passion on trading. They think its a good vehicle to get rich quick even with when they have zero knowledge about basic trading. Some think its easy because of the “buy low, sell high” sounds easy but its not, theres more than that phrase.

There are articles our there that says 96% of traders lose their money due to bad trade. That means out of 10, theres only 1 who are successful. I wonder how the study are made since not everyone are open to discuss their trade, most will just keep it by them selves.

I just rememberen back in middle 2017 when i was started trading. I always trade without any knowledge of basic trading more over the technical knowledge. But i've made thousand dollars. My capital was 200USD and at the early of 2018 i've made around 2k USD. Which means like 6 months of trading i've tenfold my capital. I feel like i have a pure talent and doesn't even need any learning of trading. But disaster happened when i was have trade on NXT for getting ignis airdrop and also i'm buying XRP at 4$, i was trapped there and i've lost like 80% of my assets in a short time.
Since then, i've learned a lot trading mechanic from many reference and right now i could do day trading with 2-3% profits eachday

Research is very important when it comes to trading, whether it’s on the stock trading or a crypto trading. Ignorance mainly leads to new trader incurring heavy losses because they invest blindly in a trade which they know nothing about. The crypto market is fairly new thus its important that you take your time to research heavily on the market before joining any trade. Be open to positive criticism from professional traders who have been in the picture longer than you.

With $9 Million Lost Each Day In Cryptocurrency Scams, Its worth it to DYOR in every move you make in the market.

If traders never bother to learn how to trade then they will come under the category of those 95% of traders who fail. If you want to trade successfully then forex education should be on top of your list.

Trading does not only require knowledge but a trader should also be prepared emotionally because your knowledge will be useless if you let your emotions do the decisions. If you got to be very emotional in trading tendency is that you make mistakes, your strategies begin to fail because your mind is to focus on your emotions. Trading is not as easy as what most people think so one should be ready mentally and emotionally.

Why you've talking about forex in bitcoin forum, i think forex is not a trading place for beginner because the risk is higher than crypto and it could be loss all of our assets in just one trade.
So i think if a beginner want to try trading, crypto trading is the best since it could be start with almost zero capital (we can earn from airdrops) and also the price movement is fast so it's good to practice our price prediction

it's a fact when I wanted to be a trader I never learn, because I was attracted to my friends who could get a lot of money from trading, so I immediately tried it without learning, and the result always lost. I even lost 80% of my assets. then I always want to be instant by following paid signals, but the results still don't improve. in the end, I really had to learn about trading.

Thanks for sharing this information. I am currently using https://www.monfex-academy.com/masterclass-refers-new (https://www.monfex-academy.com/masterclass-refers-new) which is a perfect way to learn to trade, also I read a lot of information on the Internet. There are a lot of interesting methods of how to trade, what to do etc.

I bet, the second type has more chances to become successful traders. If a person does not have a talent and a feeling of the market, no training and knowledge will help him. You need to be born with a trading talent, but naturally, you have to work on it and develop as it can die if you do not use and train it.

2017 made everyone a trader.
Every coin was pumping and many people were able to scrap profits out of their trade setup. But 2018 changed everything and many those self proclaimed traders lost a lot in trades. Those are the people who didn't bother to learn how to trade. There are many new traders who enter crypto just to earn big profits without understanding the basic concept.

There are really times or circumstances that cant really be avoided where your skills and knowledge cant able to handle and as an experienced one
you would able to spot it out and making up such good decisions not to make any trades at all. Yes, time might be wasted but its worth it since you do save up yourself
on making a bad entry or simply a bad trade.Learning cant really be attained overnight and this is the main mistake of many where they do rush up things
and in result theyve done such things wrong due to not enough experience and skills.

Some of the most successful traders are the ones who has little to invest and are afraid to lose even with the very little they have which is why they take time to learn even by reading the long tutorials posted by individuals in the forum. Starting with one indicator alone could be enough but you'd likely to learn more indicators if you lose a hundred USD the next day.


Not really some of them just hold altcoins and trade it to BTC when they find out google ban crypto ads because its taking a nosedive. Eventually losing the funds for not converting it to a stablecoin, that's not how traders do it.

And that is another problem, one basic advice that most of us have received at one time is to do what we love and the reason behind it is obvious you will have a tendency to be better at what you love simply because you will dedicate more time and effort to it since it is not only a way to make money to you but your passion, but if you do not like an activity then you will not do the same and you will never be as good.

In this market it is easy to see many traders that only care about making profits but they are not interested in the process of generating those profits, like studying different trading methods, reading books and testing their strategies, and without that you cannot be successful.

For them, buy sell and hold is already enough to make profit. That is why not much new traders who can actually analyze market and then trading with their skill. Even to pick a coin to buy, they rely on luck. And for now a lot of people really confident with that way of trading, and then blame bitcoin when they lose.

Same for bounty hunters, they promote whatever is there and see if its going to deliver and got high rates on exchanges only to find out its a scam.

If a person wants to earn daily by trading, he has to learn and it isn't as simple as buy low and sell high. If day trading isn't for you, you try being a swing trader who only trade when the market looks very favorable due to the trend being very obvious.

They only care about profit and altcoins are tools for them to make money in this market so those traders often lose a lot of investment. In my opinion, it takes a lot of factors to become a good trader in this market and must always analyze this market daily to make many new investment decisions. They may not succeed in doing this but in the long run they will gain more experience when investing.

I am often very important in this matter, and every altcoin has its own value that you need to research carefully because things are not always easy and there will be times that make you have a lot of difficulties.

People tend to go for jobs or activities that require less mental activity and more of physical because in this way you stay relaxed and avoid stress. Trading especially short term or day trading is mind sucking and it keeps nagging traders because of which people often make wrong decisions ultimately facing losses. I am not involved into this awful mess rather I like keeping things simple so long term is great.

Blaming the market conditions is a common symptom of Trader's fallacy and the more their account profitability curve tends to go down they lose the weapon for controlling their emotions. In bad situations, they jump from the last altcoin trading position to another and this is kind of behavior similar to the revenge trading. Understanding the value of crypto-asset they hodl is not enough in the bear market, they simply cant handle the consequences of losing trade series.

We understand that, we do have different kinds of activities in our daily life, and it is not good to encourage and push everyone to do day trading if this is not line of business, or they don't know how to analyze market at all, we do have different kinds of wants in achieving our goals, maybe for some people they don't like trading as they prefer in sales business, or they prefer mining industry, this is not a problem at all, as it depends on them how they want to make their future.

Most of the traders are always on a rush. They hit want to make that money real quick and get out lol. I think it's the kind of information that these people are getting from friends that makes them think that this is easy. And I'm tired of people that say Bitcoin and cryptocurrency is easy, it is not, day trading is even more difficult. If you're going to be a day trader then you should be ready for the heavy paperwork that follows. Long term investment is the one that is a bit easy, despite that, you will still have to learn when is the right time to buy and when to sell. Without learning all that you will just keep on losing money.
 
Noobs should start learning and stop jumping into what they know nothing about. I even saw one in this forum that told a story on how he invested at $18000 and price fell.

Not only it is a very common mistake to blame the markets it doesn't help you to grow as a trader, traders need to understand that the market is a zero sum game and this means that if you are losing money there is another trader at the other side of the world that is earning money because he had a more comprehensive view of the market and right now is beating you and taking money away from your account.

What you need to do is to try to improve whatever mechanism that you are using to select when to enter and when to get out of the market but for that you need to be humble, you need to know that no matter what you do you will keep making mistakes but you can improve.

First of all there is an talk among people who hear the term bitcoin for the first time, bitcoin is an easy way to get rich. There arises the next question. What all the possible ways that get us maximum return in short term. Here the new ones find trading, gambling as the most preferred way for earning and becoming rich. In the event of trading without any basics just starts to invest randomly and experiences loss. Some turn their minds towards gambling. This is how people fail in trading without proper learning about the basics.

You have a point, The best way to improve your trading is being willing to borrow advice from other professional traders who have been in the trading arena longer than you. This way, you will learn of what trading tools to use and learn more about profitable trading strategies, among other beneficial tips. If you are not open to learning and your actions are similar to a gambler, there is no way you can become a successful crypto trader.

I don’t think that people are too dull to sign a death warrant for their money going into trading without learning on how to trade first. We might say that people go into trading without having enough training before doing that or quality experience which is what is required to have a very successful trading.

The only advise that I could give to people is that they need to really go for enough knowledge about trading before they try to start engaging themselves in it because trading requires lots of skills which the best way to acquire this skill is when a trader has gotten enough first hand training on it and also enough experience through demo trading that we have on every trading platform before they go further to start practicing with little amount of money.

Yes, to become a good trader you must have knowledge about trading and for this you should not leave any opportunity. If you get a chance to learn from expert traders just take advantage from it and ask different questions. There are a lot of sites that helps  new trading to learn trading avoid mistakes that leads to lose, trading without knowledge is like jumping in the river even when you don’t know how to swim.

Yes, I totally agree with your opinion. learning and maximizing time are two things that must be done for someone who wants to be successful. trade is a job that will indeed be a field of income if done in the right way, and all that requires a learning process. trading that is not based on learning about the science of trade, I think trading will indeed be a gamble with a bad opportunity. gambling alone still requires research if we want to win, let alone trading crypto. at least have to understand the basics of trading knowledge so that the chances of success are even greater. and maximizing the time available to study is a support for making someone successful. there is no stop to learn, we must always study the factors that influence the rise and fall of market prices in crypto trading. for example we must always learn about the latest news or must be able to analyze graphs so we can speculate what will happen in the future or learn others. so I think everything you say is very true.

Traders who never bother learn will grow for sure and we people might find the users who lost the funds while they were being a newbie like lacking of knowledge about cryptocurrency.
While you are being a part of trading update yourself and do trading as part time to grow more.

You'll be surprised by all the crazy things that people do, while it doesn't make sense to try to become a trader without studying the subject as much as you can it is undeniable that there are many newbies out there that believe that trading is extremely easy since they are bombarded all day with ads about how easy is to make money in the markets.

But we know this is not true, making money in the markets is extremely difficult and when you add that they have completely irrational beliefs about the money that they can make then they take too many risks too fast without any knowledge and experience and that can only lead to disaster.

Most people are not good at trading

And they will never be no matter how much they could be studying the subject. The irony is that in order to find out whether you are capable of profitable trading in the long run (i.e. beyond pure luck), you should actually engage in this activity, i.e. start trading. In this way, if you can't be a trader, you will most likely end up losing a pile of money. And what adds insult to injury here is the fact that successful traders often lose money too when they are new to trading (as everyone is a novice trader at first)

You're absolutely right - it's crucial that new traders do enough research and educate themselves. Too many people jump in without even knowing the basics, and make huge losses.

We don't know what people are doing with their everyday life, how are they, what are their skills and capabilities. I've known some persons who has eagerness and willingness to learn, they are really doing their best to study it but they can't really make it, they are having hard time to learn it maybe because they do have lack of time and it's not their line of business.

As a newbie no one will suggest that person to starter trading platform asset is so so we need to have some general basic knowledge about trading and its features and how all the have been using the trading platform in in better way.
As a investor traders will be playing quite a while like a game players how they are doing but the people who is really doing the trading as there any they will be more careful and there will be little slower than these small traders.

I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.

If that so, I suggest not to take the risk in trading otherwise, they surely putting ends pretty quickly and lose their money. Cause definitely it wasn't a good idea having this one and to know exactly what we are doing is the way we keep in track. Some people came into trading cause because they usually think for easy money, trading can be easy to learn but they are totally wrong and making them suffer big losses rather than making them profitable.

In addition some of the so-called newbie traders believe that trading is s get rich quickly project without following the due process of learning and mentoring for some period of time however after a while there would incur streaks of losses possibly getting their accounts burnt thus get disappointed, trading is not easy its requires diligence, patience and commitment so as to have an edge over the market.

Hard learning is nowhere near enough

I mean no matter how hard you learn in order to trade profitably and become a successful trader, you simply may not have it in yourself. Your capacity for long-term profitable trading should be sort of built in or hard-wired in your brain chemistry. In other words, if you are not internally built for it, no amount of learning is going to help 

If anything, you should start from rewiring your mental setup which on its own has nothing to do with trading as such. But is it really worth the effort, time and money if the positive outcome is far from guaranteed? To put it differently, you can't become an Einstein in anything unless you are already born into that Einsteiness

Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.

There is really good thing when you have a lot of knowledge, seems like  you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be  happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.

Whales can really manipulate the market but we can minimize our losses if we have good plan trade. The plan should consists of the following: we should know our entry point, the rewards and the risks and also the cut loss point where you can minimize your losses. If you will follow your own plan, then you can high chance of winning your trades.

While a trader that can do that is in a better shape than most traders that is still not enough, you need to know for sure if what you are doing is profitable and the only way in which you can do that is to test your strategy against what the market has done in the past and see what are your results, if you can obtain positive results then you know that you have a very high chance of being profitable but if that is not true then it doesn't matter that you know all of that since you will lose your money anyway.

They're in this space because they want to "get rch quick" and they think cryptocurrency is the way to do this. In the late 1990's the same type of mentality were trading stocks on the NASDAQ.

Even 2 years ago, I considered the Bounty Hunters to be very bad traders in most cases, because they earned cryptocurrency and immediately tried to sell it at a good price.  But today the situation has changed significantly and each cryptocurrency user must learn to trade independently and effectively if he wants to make some kind of profit on the cryptocurrency market.  Even those moments that are earned with the help of the Bounty companies are better used for trading, and not sell them without a trace.

When you see a lot of people started trading in this system without proper knowledge about this one, so it's sad but true that they are not eager to learn anything before start trading in the cryptocurrency, I think every trader should learn a lot of things within every step of trading. but doing and learning is not a good way of making sense for me, so I think you have to learn properly before joining any platform, and this is the best way to learn by every step and which makes any traders perfect.

But who doesn't want to "get rich quick"?

Let's cut the crap here and be honest to ourselves, we all want to get extremely rich overnight (okay, let it be within a year or so). This is a dream, and it is totally fine to have dreams. It is what we actually do (and abstain from doing) to reach them that matters. If we are reckless and irresponsible when trying to get there, we will suffer. On the other hand, if we wisely take advantage of the moment ans opportunity, it is possible, at certain times

People who invested in Bitcoin earlier and had patience to wait enough (but not longer) were in fact able to get rich, and get rich fast at that, within a couple of years or even less. It was the case with the dotcom rush as well, and same with cryptocurrencies some 15 years later. The bottom line is that the cryptocurrency was actually the way to do this (not sure about now, though)

As for safety, that is very basic and you can sure your secuity in 10 minutes. You can teach beginners safety and they can easy learn it. That's not the big problem in trading, people.

The big problem is that they keep on searching knowledge and information but they don't know how to apply it in the actual trading. That's the use of this threads, to know the basics of trading and later you will apply it. As you apply it, you'll get experiences.

Experiences is the key to become a professional trader. You'll learn the ups and downs of trading. That's the purpose of applying those knowledge, EXPERIENCE.

if you have a knowledge , safety will just come in effortlessly and why will you dont apply it when safety is the one that will make you secure your cryptos . learning it without applying it makes no sense at all  . its like depositing and donating your money to scammers and hackers  . why would you call a trader if he didnt know how to trade  ? there are alot of them that can only be consider a trader wannabe  . they shouldnt act like this because they  arent cool anymore

Humans tend to make mistakes as well but what makes them different is their ability to learn from their mistakes and improvise.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.

I've actually made that big move where i just jump at trading after watching a couple of videos teaching about buying low and selling high cause i thought it was easy but after trading and lossing even though it was a little investment, to me it was stressing cause it was all the money i got. Right now im watching all these trading advice and price analysis to see and learn how expert trade, read charts and what to do next.

But why do you have to learn from making mistakes? Why you have to enter the market and make all kind of mistakes and lose money because of them when you could read a few books and avoid most of them? Also I am not really a big fan of improvising when it comes to your trading, for what I have seen the most successful traders know very well when they want to enter the market, when they want to get out, why they are making that trade, how much money they are willing to risk and what are their chances to win that trade, they leave nothing up to chance and they do not improvise at all.

I know some people whom I dont want to refer as traders because they never want to learn about the project or its future usecases, rather they will just wait for someone to give them "Signals" and they buy/sell based on that. I dont think thats trading, they cant earn in the long run.

It depends on who their follow to make a trade, if they follow the pro traders and make every trade based on the pro traders made, i think they will be good. But the problem is, the pro traders won't show the whole trades that they made and their followers will do nothing when they not show it. So, we better to learn trading by our analysis and experience. So, we could make any trades anytime when we want

Before the eyes of the trader constantly flash buy and sell orders, daily trading volume on the stock exchange. As a rule, these are big numbers and sometimes they cloud the mind. Newcomers think that some of this money can easily go into their pocket. But they forget that more experienced traders have the same goal. I agree that beginner should start trading on demo accounts, then with small amounts and if it turns out to increase the depot, he can gradually increase his deposit at the expense of his fiat funds. A beginner should also strictly follow his trading strategy.

In my opinion, this is not only a problem for traders. In any field, there are people who choose practice and, unfortunately, neglect such an important theory.
Of course, it is not necessary for all areas to know the theory, but trading is one of such areas.
It is best to find a teacher who will put you on your feet in trading than to study yourself or learn by trial and error.

The last time I checked some of the most experienced traders will have in the crypto market now don't have any teacher to train how to trade but the make an in-depth through YouTube video and doing some research about the market by themselves. However, I think what's most important needed to thrive in this market is to understand previous historical data of the market with the inclusion of whales movement.

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

That's sad truth, maybe they are too rich that they don't need to waste their time studying trading and they just do it just like playing a lottery, anyway, it is their choice and we cannot force them and control them if they don't want to learn trading at all, maybe they are too busy with their other business, or maybe some are having difficulties studying it.

That's true of pretty much everybody.  I remember learning that in the stock market, the more traders trade the less profit they made--but I think that's because the commissions brokers charge is much higher than crypto exchange fees.  But the expenses still have an effect that isn't negligible.

I'm not sure how you learn how to trade cryptocurrencies or even if you can.  I know lots of folks are into TA, but I think that's a bunch of voodoo pseudoscience, and I doubt that many TA traders really make money watching charts.  In any case, I've always been a buy-and-hold kind of investor and I'm not about to change that strategy. 

One thing to learn even if you're just holding for the long-term is not to panic when prices go down and not to sell when things get bad.  That's a mistake a lot of people make.

There were only 2 types of traders which are the ones who do mainly focused on TA and to those who believe with pure instinct/intuition/voodoo etc.

Lots are making money by doing active trade.Lots of them tried to do the same thing but it isnt really for everybody but it isnt really harmful to try
if we arent on the likes on waiting up for so long.

Especially if you need to comment on amateur investors and amateur traders, I can easily say that these people never developed themselves and therefore lost money because of the same or different mistakes. If there is something more important than the number of transactions and successful transactions of an investor or trader, it is that the person develops himself and does not make the same mistake that he has made before in the next transaction. Unfortunately, we never mind some of the minor or minor impacts, and we continue to do the same in the same way until we make another mistake that will cause serious damage. We will become a professional trader when we realize our mistakes and strive to improve ourselves.

Those people who never analyze their mistakes or are not in habit of self evaluation, these are the ones who always lose money. In trading, there are tricks and techniques that you need to learn in order to succeed. If one trick is not working for you, analyze it and try to figure out where you are going wrong because this is the only way you would be able to learn more and avoid committing mistakes.

It all depends on how does the trader is using his strategy in every trade that he is doing. We need to consider their strategy, we all  start with instinct I think, when our guts is telling us that in this price we need to buy that because sooner or later it will pump again and we will have a huge money ,and we need to learn that trading is taking some risk, risk that are not always getting a high amount of money and be able to sell our coins in right places.

You couldn't be more spot on.  I think it's more about greed.  You see an opportunity and the first thing that comes to mind is,  hop on!  I know that was how I felt.  After taking significant losses,  I realised it pays to learn. Train yourself to win so the market doesn't train you to lose.

Traders who never bother to learn how to trade will lose money constantly. Nobody can help these people, and until they realize they will have to learn if they wish to make a profit they will lose money. We need to learn all the time, you learn about basics in trading, later you learn tricks in trading, and if you continue to learn you will learn about what is best for you.

Really interesting topic and i totally agree with it. I wonder where did you get data on ''Statistically, 96% of traders lose money or give up?'' Thanks in advance!

That's concerning. If the statement of 96% hodls water then that's really not a good thing. Traders should educate themselves properly before entering the space, volatile market, you can lose almost everything!

Yeah, trading is dependent on risk-taking we will have to face the risk and it will give us straight earning. Trading gives confidential earning but we should be ready to get experts by taking a risk and learn to trade from New and well-known sites as well. We should gain knowledgeable information about trading as without learning trading gives loose.

This is just the way all the markets work, a newbie will begin to trade or to invest and he will immediately suffer losses because he's not completely sure about what he's doing and the whales and the experimented traders will take advantage of that fact, during those moments more than your trading skills what it is going to save you from losing everything that you have will be your money management skills and once you survive that period of time in which you are more likely to lose your money then you will begin to make progress as a trader.

I believe that trading is not about your luck but all we know that we need enough knowledge before we go on trading activity. Like you said almost 95% of traders are experienced loss and already quit. This is true because most of many traders are quit after their experinced even a small amount of loss.

without knowledge how can you end up here on trading ? course we always need knowledge at all times  . knowledge also so that we will learn to identify if which coins can do better in terms of trading whether long or short term trade  but we cant forget about the luck also because all still depend on the manipulators if what move they do and we have no idea if what they are planning  .


small amount of loss and then you quit  ? lol  . how much more pro trader loss big but they are still here continuing doing trading  . loss is not the reason to stop trying  .

that's right, this is the same as my experience, traders without learning, I just use the instinct like in gambling and finally? I suffered a big loss. There is no luck in trading, here it's all about strategy.
indeed we really need knowledge in analysis, because this crypto trade is pretty much a factor not just learning about charts. sometimes there is manipulation too.

I believe that the instinct for a professional trader is a very good feeling in helping his activities.  Of course, if a trader uses his instinct without experience, then his activity is fraught with bad consequences.  But if a professional trader who already has excellent experience can intuitively determine profitable transactions and further actions on the cryptocurrency market.  But if we talk about those traders who do not want to learn, then I believe that these are the cryptocurrency users who most rely on trading bots and trading signals to use other people's knowledge (and not always true) for their own benefit, while  risking losing your money and not achieving good results.

Maybe they want easily money so thats why they dont need more analyze or strategy in trading. And yes those are people are easily losing their money in trading if they dont have any plan for trading.That's true we need to analyze of which mistake that we make in trade so that in a future we can avoid or aware form mistake we made. Trading it was to risky for us if we enter into trading world cause of this need time and be calm ourselves.

I was a guy trying to earn on trading without any willing to learn how to do it right :)
I have invested 0.4 BTC in automated trading hoping to get profit here (you can check my results on my blog (https://tradingbot.info/category/results/))
But even in the process of managing automated algorithms, I have started to educate myself, because nothing can work without any impact on its own.

Awesome blog man! :D I always love when people are willing to share their work and learning process

Aaaand yea, some people are not willing to put in the hours whatsoever, but this is just how they are. Too bad for them (good for us) this costs money in trading and they will go broke sooner or later and go for another get rick quick scheme or try to cheat their way

Someone is upset about it, then is possible for them to learn trading because it requires a lot of credit if they are secure. no one has a need then he can trade and lose all his wealth then he will be responsible for that. In my opinion first you need to know how trading is a few months back then you should start Then he will suffer less loss.

We are truly grateful that there are still some people here in the forum who are willing to help newbies for free , who are willing to share knowledge and wanted really to help people in trading.

So, for traders who doesn't want to learn trading, let them do it, because once they lose their money for a couple of trade, then for sure they will realize that trading is not simple as selecting ABC, they need hard work and continues learning regarding it.

I mean like, a traders who doesn't have any knowledge about trading and just jumped in to the market is almost like a suicide.
They risk their money based on luck, well, some might have luck behind them but it's not always the case, right?

Don't you ever wonder how much losses from expert traders had gone through? And they're still doing it until now. Look how successful they are.
Losses in trading is inevitable, no matter how amazing your prediction skills, just take them as another experiences. As long as you don't put all in your assets, you'll be good.

Yes that is why knowledge is power, specially here in the crypto world even though you do not have good amount of money to invest in cryptocurrencies but you have a good foundation of knowledge about the trading, you will surely succeed in your trades and being a good trader also requires good set of attitude that can help you go through the market trends without your attitude making you hard to decide what to do.

Learning is the key thing if you are serious about making big in this industry. The trading industry has massive future, as not only Crypto but also Forex getting connected to Blockchain. One amazing explanation is here https://financetrain.com/how-is-blockchain-disrupting-the-forex-trading-market/, as with this it just can do fireworks!

For sure all people are already aware of this, maybe we should not just judge people easily as it is a process, we cannot learn trading in just a month, we will have a lot of experience first before we'll finally discover and familiarize the flow of the market, so let's give chance to those who are struggling to learn trading.

Ill think you are not new in crypto, Even do your account is Newbie rank and maybe we cannot look at the rank it depends on how we manage if we are in trading situation.

And I like your blog its have more important thing that I learn and maybe it would be work from those people new in crypto if they want to enter in crypto world invest in any different coins. Make some more blogs maybe Im one of your follower of it and give some good feedback at yours.

In trading some of us has a different kind of skills and knowledge how do we learn, some people learn but just reading some articles and news about trading then they use this as an advantage to the other trader because they know each technique that can be helpful for their daily trading or long term trading, today it is not too hard to find sources how you will learn in trading because in internet there is a lot of supporting websites how to trade, sometimes there are a platforms that introduce to the beginners how does trading works and when is the right time to trade to avoid loss of interest in trading because once you lost a lot of money in trading, sometimes you will lose your interest to trade. In the other part, some people learn by just doing or applying what they're learning in trading. Sometimes they are the risk-takers they will know something they did it this is the way how they learn in trading most of the time they have mentors that shares their experiences to them and they adopt and apply it.

It's a very good blog of his. Nice way of explaining his thought process and many interesting observations from perspective of a beginner.

I share the very same thought process, if people do not really want to work hard to learn how to trade then that works for me because I have made the effort to try to understand the markets and I have invested hundreds of hours on that topic alone so I have a huge advantage over all of those people that have not done the same thing and I know that eventually I will get their money regardless of how lucky they believe they may be because it is impossible to be a good trader if you are only relying on your luck.

Sure Must learn how to trading, we will have a lot of experience first before we'll finally discover and familiarize the flow of the market

Trading is not easy trading is not easy money trading is not about buy and low only. There are a lot of trading misconceptions and trading mistakes right now in trading because of the mislead information.

There are a lot of phases in trading it has a methodology that you must follow but you choose if you want or not you have a will but for me it's better to folow them.

Some of the essentials are
Knowledge
Source
Understanding
Skills
Critical thinking
Budget
Trust to your self

It is tough to trade it requires patience entrepreneurs who have patience and are ready to do business by controlling their emotions are successful the primary thing in business is profit to form oneself substitute the face of truth the new business should be such you'll make some profit by doing it. you've got to maneuver forward together with your knowledge and skills understand the market also share the entire plan during a way that creates it easy for you to manage all the work.

Many traders never take their time to learn from others people mistakes that keep them to where they are today. Trading is all about calculation and research, before you can do anything you want to do to carry out your trade
to become a successful one in the market.
There are some keys every trader need to make their trade success:
1) personal research
2) Environment
3) price
4) Quality
I think any trader that want to be successful in business need to observe all those keys.

If there are some traders in this field of business applied badly habits in trading that means this trader had some greed for His/Her characteristics. And this was the problems I saw most often were, in the end, these traders have no difference to some of them who always
got lose their coins or assets in the platform.

There is a trading book namely Market Wizard who created by Jack D.Schwager, he interviewed many traders most of them are stock market traders, and just surprised me that for those new traders they need at least two years to learn and understood how to be a trader. You must spend your time and also your money to stand in the market. During that time you may not have a profit consistent and you just need to spend your capital to keep trading. It may be different for some people especially at this time we have a bunch of information about trading, we can learn about trading strategy easily through the internet but at least it has made me confident and not give up to keep trading even though most of the entries I made ended up in losses.

I leaen trade multiple way that blog article, youtube and many telegram group. Many telegram group give me trading signal that buy price and sell price.

Probably, you are a newbie in trading. I would recommend you the following: you can always check the information given in telegram and other sources (I mean signals you are writing about). However, take all decisions only by yourself, personally.

Indeed. It's like you are throwing your money if you will just blindly follow trading signals. Yes, it would not hurt to ask for some insights but the decision should be yours so you will not blame anyone if you lose the trade. Also, with today's technology, you can easily learn things through the internet. There are online courses in trading and even tutorials on youtube and it's all for free.

The market makes it so natural for anybody to see him as a broker as far they can effectively purchase and sell digital money so they try not to teach themselves on procuring the aptitudes important to be a fruitful merchant. To make a benefit from exchanging isn't simple, and they have to find out increasingly more about exchanging so they will get an opportunity to get the benefit.

One thing that gives people the mindset of the fact that they can actually be traders without learning a thing or two about what happens in the market or how trading works is because, they are very much familiar with the fact that, your advised to buy when the coin is rising and sell when it's falling. That way, your sure to make profit. It's true, this is very true but, there is a way to this and that's what a lot of traders don't understand.

Despite that a coin might be rising, there is what we call Base and Quote. This is where the trick lies. If you don't understand the concept behind this two terms in trading, your sure to place trades wrongly and end up loosing and loosing even more.

^ There is nothing wrong with learning to trade on YouTube or seminars because many of the successes come from there. Trading is a matter of habit, no matter you have a little or a lot of capital, if you are not used to trading then you will not have the mentality of a trader.

The bad thing that newbie traders often do is they think trading is easy and when they lose once they think trading is a scam and don't suit them.

But these signals create a dilemma in your mind and you are often carried away by the fact that experts must know better than you and you just follow their signals. I don't believe in watching or following any signals, if you are looking for people to provide tips/signals you are not in the right mindset for trading.

Taking signals from experts is good how do you determine the guys that are giving you signals are actually experts or just incompetent guys who are trying to fulfill their desires of crypto trading through your money. I don't know if they are good and I have no right to speak against them but from my experience I have never seen a signal group that provides accurate or even signals with 75% accuracy. If you have one that does it, please also link us to it.

Psychology is an key factor in trading and newbies are never allowed to feel trading is easy even though they make a little profit on the first trade. Learning is never redundant, it helps us to avoid mistakes, in trading the more serious need to learn.

The problem is that they believe it's easy money with trading while as a matter of fact it can be way harder than many other jobs mentally, yeah you won't get tired physically that much but your mind is always working and with crypto that has 24hr trading it's even worse so you can burn out quite easily, I think most of these people won't make any effort to learn something and read anything like risk management, TA and FA until they personally take a considerable loss, I know for a fact that there are some people that don't believe in using stop-loss, the core problem is that they mostly fail to realize that every green market will eventually have to turn read at some point.

I prefer to take my dogs as role models. French Bulldogs. Lazy ass bitches:

-they only move if necessary (I only trade if "necessary" / best Setups)
-if they move, they move the absolute minimum distance to achieve their goal (I set a target for every trade, and in case it goes against me, I close it early. It TP gets hit, I am out of the trade)
-most important: If they want something (food) they are maximum persistent (I wanted to become a trader, and obviously lost some money to the market,  but I never quit, just like my hungry dogs)

so I guess there is always something to adapt from mother nature, when trading BTC USD (https://de.tradingview.com/symbols/BTCUSD/)

Especially the crypto market because of its volatility and volume that comes with it. When I was new into BTC and I developed a habit of saving coins and the price dropped I used to think like the whole crypto thing is a scam and doing conspiracy against me but with time I understood how explosive and volatile the market is and how to adapt with it.

I strongly suggest anyone who is new into trading to first make a demo account an trade with it for months before getting into with real money because crypto trading without knowledge and adaptability is nothing more than a no house edge based gambling.

actually I am also learning through YouTube and still learning from other materials as well,  it will be a big help that we can actually learn to trade in an open source website that we do not need to pay or to subscribe that will cost us money, we need to be a well skilled trader for us not to depend on other people's trade and decision.

Any trader that failed to learn how to trade in the market will find it difficult to earn well like other traders who learned before trading in the market. With a lot of impact you have received from those who put you through, how to trade and make a good profit without experience any loss like the way others trader who fail to learn experience loss and scammer in the market..
Many think trading is a something you can just jump into and start making income from the trade. Any trader who never bother to learn, will find it difficult to trade well in the place of profit making.

There is no easy money in trading and it is one of the misconception that I want to remove in every trading community because nowadays most of the communities are very toxic wherein there is a high chance that a trader can never achieve financial freedom if he did not change his bad habits, a lot of traders are putting real money quickly without putting in their own education first and the result is obvious which they lose their hard earned money and they will rant wherein they will say "trading is very risky". They do not understand how trading works and for me it is the reason why they are not earning money in trading wherein they treat it like as gambling. Trading and gambling are different and we cannot say that trading is like a gambling because trading can give us more conviction than gambling especially if we have prior knowledge and also backup ideas created by famous traders.

It's hard to maintain calmness when trading. Being emotional and losing is part of trading but if you manage to control it, you can take advantage of it.
FOMOs, emotions are coming to traders if an uncaught situation comes. Like there's a sudden reversal or pumping but at the end of it, experience what matters and it will be added to your learnings which can be used to your future trades.

Mistakes are  the best teachers and very useful towards your progress as a successful trader and its normal for you to accept and get used to it because if you do just
easily quit just because youre too lazy and too afraid to take the risk then its your choice but be sure that you wont regret because you wont never ever learn if you do let
things go as you pleased.We do need up some sacrifices too for us to learn and not just take the easy path.

You can make use other analysis as preference but never ever tend to be relying on it because we can create our own and its much worth if we do stick
to our own trading ways.

Emotional awareness is important in trading and there is misconceptions where many people out there thinks that trading is all about charts, candlesticks, news and market sentiments. They do not know that trading psychology is the most important in order to become profitable trader. We are humans so we have emotions that can help us form thoughts where it can lead to action. If we are not aware on our own psychology when we do trading, it is more likely that we can create mistakes and bad decisions that can result to the decrease of our capital. Managing our emotions and being aware can help us to form good decisions and avoid some mistakes. For those who are starting to learn how to trade, I'd like you to also study tradung psychology because it can help you to achieve what you want.

Yes that is what I am experiencing right now, I can't handle the nervousness that I am feeling now , i just want to dump my token but I know that it is not the right time, and I know this is actually normal since I am new in trading and I can't afford to lose too much, but then everything will be charge to experience and I will be proud to myself that I rely in my strength and not to the other people.

It's useless even when you have years in experience but learn nothing from it.
I mean when you have a huge loss history in your portofolio due the lack of knowledge knowing the technical analysis.. fundamentals etc , but then you repeat it in the future to have that huge loss . That's damn too dumb.

Being experienced trader is indeed beneficial, but improving skills that much more important ratger than just proud being experienced one but had zero knowledge.

It is ok to explore as you trade but don't be caught off-guarded as you trade because you will eventually learn a lot of things. And that includes the control of your emotion.
Once you managed to overcome it and you're already good at managing it, you will learn a technique from within.
Don't be like other traders that are buying and selling due to emotion without analysis and plan as they watch the market.

I don't generally have the foggiest idea what's going on I simply realize what to put resources into and not realizing when to do it and how to do it. Yet, there comes a period that you will hit an impasse and you will imagine that it is smarter to stop yet to be straightforward. Crypto exchanging, you ought not play and attempt without understanding and realizing how do it.

You would learn thru experience thats why its important for you to make trades and do let yourself learn into those challenges that you are facing.
Letting yourself do dragged with the emotion of being scared and uneasy due to losses then this will be a reason for you to be in hindrance.
If you do like to sustain into this market then you should learn up things according on what you had experienced.
Losses is always there the important thing is that you do lessen it out by any means and make profit.

Do you know why a lot of people are keep doing FOMO? it is because of lack of experience wherein they think that they will be missing out if they will not buy without planning or anything that can help them to identify where they should buy and when is the right time to sell the coins that they bought. FOMO is one of the problems why many are not making profit and it can be an obstacle in trading because overcoming it is really hard because there are sets of characteristics that you should have before able to defeat the FOMO like patience and discipline. Patience is really important because it can help us to execute the best strategy in our mind where we can buy at the perfect area where it can give us huge gain whenever the price make swing high.