Being an institution in the trading journey

[rachael9385]

Trading is a topic that cannot be overemphasized on. A lot of people give up on trading before they the benefits of their hardwork starts coming and this shows that they lack patience and discipline. Like you said in the title, trading is an institution just like the tertiary institution or college where people go to acquire a specific knowledge on a course. In order to get become a profitable trader you must take your time to learn

[Botnake]

When you are learning from a mentor don't just learn from his or her success also learn from the person's failures as well

Well the ones who are out there to make profit which is like 100% of the mentors, dont really want to tell you about their failures. Because by doing so they would be showing how bad they are at trading - the teacher needs to be a 100% goody-goody person like a hollywood movie style if you are American, or Messiah style if you Christian.

So they will not tell or you have to be cunning enough to know that this information is being withheld on purpose.

But most long term traders are the ones who run for the long, this implies that those who have made trading a good source of income have mostly done it though long term and not short term gains. Those might be better people to listen to, not self-proclaimed teachers.

Mentors may not gonna focus on their failures and explain them but they will focus more on how to achieve success, thus incorporating all their successful tips and strategies into you because the faster you tend to succeed on your trades, the more reliable mentors they become.

However, in reality, success means acknowledging those failures and overcoming them. So you won’t be instantly successful without passing through those tough times in trading. The more you understand how those failures were formed, the more your success will become visible in the long run.

[Asiska02]

Trading is a very broad topic, there is no shortcut that can be taken here so that we can immediately achieve what is called passive income. Because the majority of traders in the crypto space are really well experienced in trading. It is not possible here that you can always get a profit from trading by chance, there is no such thing.

This is not a gambling event, so there is no such thing as by chance in this event. Trading is to be learned, not to be speculated, assumed or even considered luck being on your side as your own way of trying to outsmart the market to win in trading. The trading journey is full of experiences which includes hurdles, mistake and also lots of opportunities than when put into good use can make you a profitable trader. No shortcuts in trading and if you’re good as the master of your own skills, you’ll make it well in trading.

As a trader, we really need to be disciplined, have proper control over our emotions, and we also do not need to use many strategies,
even if only one is fine as long as it gives us a profit.

Trying out too many strategies makes one to lose focus and not learn what should be an easy one for them to success. I have also come to understand that all strategies in trading are good strategies and when you stick to one and perfect it well, your success rate will always be higher than the losses.

[Zigabel]

As a forex trader you need to under the processes for being a fulfilled forex
The trader as an institution:
This last stage is very important in a traders life because, when you fail to raise up younger ones who will carry on what you have started, you are as good as a failure. That's why most people give up on trading, because at their old age they cannot keep up with the emotional stress of the market. But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

Establishing an academy where you groom traders alone isn't enough for me to consider a trader as an institution and that is because  institutional trading I think differs from that scope which you are thinking about, institutional traders and trading goes beyond an academy  where trading is been taught but we can get traders who are institutional traders but aren't necessarily owners or heads of academy, by the way if at any point you begin to get tired of the market and trading, you can opt in to be an investor with top trading firms nad not necessarily opening an academy to trade for you.

One key thing is academy train people to be traders but I take some extra self work to get to the level where you can trade for institution because at that level you don't trade the way you like, you trade under guidance, supervision with a good level of discipline due to the volume of funds involved. At academy level you may most like reamin a retail trader all you life and may not have the idea into good fund management practically for institutions. So an academy doesn't make one an institution in trading.

[Strongkored]

As a forex trader you need to under the processes for being a fulfilled forex trader. There are things that makes you a successful trader, if not you will be called a trader that gave up the journey because of tiredness of the market.

Forex or crypto traders who decide to give up or quit trading because they realize that trading is not suitable for them.
Trading can be done by everyone but not everyone is suitable for this activity because of many factors, it is better to give up and quit trading than to continue to insist on trading but lose a lot, because actually there are other ways to make money not only in forex or crypto trading.

[tygeade]

As a forex trader you need to under the processes for being a fulfilled forex trader. There are things that makes you a successful trader, if not you will be called a trader that gave up the journey because of tiredness of the market.

Forex or crypto traders who decide to give up or quit trading because they realize that trading is not suitable for them.
Trading can be done by everyone but not everyone is suitable for this activity because of many factors, it is better to give up and quit trading than to continue to insist on trading but lose a lot, because actually there are other ways to make money not only in forex or crypto trading.

The good part is that we still tried it, as I think there are lots of people who are afraid especially when they hear a lot of negative feedbacks about trading. Yeah, they still surface despite those misleading videos and ads that we see daily.

It may be possible to know our ability but sometimes we are only underestimating ourselves and we can figure it out once we are already there doing the activity. Before we quit, we need to make sure that we have done enough tries because there are some that just quit early. I know that if some of these guys put a little more patience and effort, they can succeed. After quitting, we don't need to despair as that's only a waste of effort and time, on hunting what is really meant for us.