Reasons for traders to look at!

[crwth]

No matter what you do and what you read, you need to understand how you apply everything you have learned in a disciplined manner because no matter what you do, you have to experience all the hardships and losses to understand the need for that disciplined manner. All I know is the continuous learning needed to have a great experience in trading, or should I say consistency.

[panganib999]

I think greed and boosted is the same because these are both urging you to trade more and more without thinking. You should need to think first even if you're on fire trading a certain amount of money. You don't need to rush because the more you rush, the more you will lose.

Always remember that greed is a bad thing in trading. Controlling emotions and self-discipline is very basic or fundamental when it comes to trading.

They have different meanings, but both lead to the same result, which is over trading. In the end, anything that is negatively affects the state of mind of a trader, whether it be greed or something else, could potentially lead to over trading. Trade what you can lose, and always try to tell yourself that anything you've started to trade, it isn't yours anymore, at least for a certain period of time. Not only that, anything you trade doesn't shouldn't necessarily bring profit, but minimum trade should be you breaking even instead.

[Twentyonepaylots]

Number 2 doesn't really matter too much in crypto trading... I don't know for others though.

Actually the amount of the capital is what matters the most and is prerequisite to the trader's knowledge.

In Crypto trading, you can start trading with small amounts of money and still make reasonable profits...though it will be smaller profits compared to trading with large amounts. Besides, newbies are normally advised to trade what they can afford to lose.

Yes everyone can start with small amount, but does it level their knowledge about trading? if you are trading for a long time would you still risk at a very chance?
What newbies in trading has a problem is with their expectation inversely proportional to their capital, like they are expecting a huge profit out of low capital.
" It takes money to make money"

[Reid]

Keeping up with the news could be the best thing you could do.
Where else could you get an accurate one? Here in this forum.

Users share all the news they could get from different articles and it could be your foundation into making a good trade.
Dumps and pumps could start with it when you see people following one article and believing all of the statements the person created.
There might be some who create lies but it could also mean something in the market when it works.

[bitgolden]

this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.

Strictly following is the actual catch of every guidelines. Not just with this forum or around the internet in videos and step by step procedures, lots tutorials are available but most traders are sharing about their failures rather than story of reaching their destination. I guess no reasoning will be effective until traders learn their lessons by heart; it means experience must be a biggest guidelines for any trader to turn professional still how much it costs is the challenge here. Some traders learn their lessons in demo for free of cost too.

No matter what you do and what you read, you need to understand how you apply everything you have learned in a disciplined manner

Making use of your knowledge at required time will be possible only with experience. This is the reason even skilled traders may book losses due to market frustrations. Yes, market will not allow you to think and find an exact decision whereas it will enforce you to do a quicker one which may not be the same that you will do take in calm mindset.

[Findingnemo]

Inadequate capitalization is good to point, we can't buy a Lambo with few hundred dollars so we should aim to multiply the amounts befoe going for bigger profit margin in terms of USD so any trader has to set percentage of margin to achieve in certain time frame and try to achieve rather than having a fixed amount of value.

[Ipwich]

Too much confident will also have a negative impact on our decision.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.

[justdimin]

I get that forex is kinda like crypto but also crypto is a lot like many things, it also looks a bit like stock market when you look at it in a certain way, it is a lot like commodities such as gold and silver in many ways, so it is right that if you look at forex traders and crypto traders there are a lot of common stuff and I am not disagreeing with that, however there are plenty of other stuff traders look like as well.

On that note, over confidence is not something you can fix by reading some article, if you are a snub person that thinks he knows everything there is to know and have that kind of mind set, you will eventually lose a lot of money, sure maybe that confidence came because you made a ton of profit once up to a time but eventually you will lose it all.

[FinalFury]

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

[radjie]

Too much confident will also have a negative impact on our decision.
I know this, I know that and I know everything...that is the attitude of being an overly confident person and never listen to others. We know that fact that no one is perfect, and what it makes wrong to this is that you can't find useful ideas that may help for the betterment of our trading strategy.

the key is that if we already get a profit target, don't be greedy to be able to get a bigger profit, which will lead to excessive confidence and of course it can affect our emotional control in trading.

[sulendra12]

I think the most important thing to become a trader is to control your emotions.

It's actually conclude those 4 points on that article, emotion is the hardest thing to handle when it comes to trading because when you are falling to your emotions then it could lead you to greediness and make stuff worse.

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

There is a day that you will be a loser and later you can be a winner, just don't overthink about that stuff.

Number 2 doesn't really matter too much in crypto trading... I don't know for others though.

That is why it said for Forex dude.

[Capt00]

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

Not everyone did best and that is why others will fail. The real thing that may happen in crypto trading is that someone will suffer losses while the others will win. If we feel that we are not happy with the results, think also the reason that causes such negatives and you'll find the solution that could help to fix it otherwise, you'll still be a loser until the end.

[samcrypto]

There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.

[nicolas1979]

People will keep trying to get profit in crypto world whatever strategy they use, money always become the final goal. Not enough preparation, no friend to sharing knowledge and too optimist become the main factor they always fail. What I mention is out side the general reason, such as greedy, fear and not discipline just like the articles. I more focus in out side problems because they can change my action in the middle of running strategy, this is fatal. This situation is normal but I hope we can learn from our mistakes and repeat that again.

[Janation]

This is so accurate.

I've been in these situations a lot and some of them are srill in my habits especially overtrading and sometimes adjusting with the market changes. It is true that I've been here for years but the market price is so volatile it is just hard to adjust to it. I can't be greedy that much since I know it would destroy me and I can't invest that much because I know I need to lessen the risk I am taking.

[Xxmodded]

People will keep trying to get profit in crypto world whatever strategy they use, money always become the final goal. Not enough preparation, no friend to sharing knowledge and too optimist become the main factor they always fail. What I mention is out side the general reason, such as greedy, fear and not discipline just like the articles. I more focus in out side problems because they can change my action in the middle of running strategy, this is fatal. This situation is normal but I hope we can learn from our mistakes and repeat that again.

Many beginner can get much profit with crypto investment without implementation what have they use and teach in telegram channel discussing about how to trade with bitcoin and altcoin, every one have their way how to be worth with trading and investing in bitcoin and altcoin, lets give space for them although what ever way use but can get much profit later.

[Blitzboy]

When we talk about trading whether it’s Forex or Crypto, there are some very common reasons why people tend to struggle.

So that’s take a quick look at what those reasons could possibly be at https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233

Although, this is not going to turn you into a professional overnight, but strictly following these are ways you could begin the long journey to the destination you want to reach.

Not new issues, most traders are aware of this problem. But compliance is almost impossible, there are many reasons why influence us to change decisions. All we know it is good to follow, but sometimes, a small chance to get small profit makes our decisions shaky. That is the difference between theory and practice

[drachman]

I think the most important thing to become a trader is to control your emotions. Many new traders often let their emotions overwhelm and they often make the wrong decisions. If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

While controlling your emotions is important to me that is the last step, after all to let your emotions affect your trading then you need to already be trading and that should not be possible until you get all the necessary skills to engage in the activity, so only after you have mastered all other aspects of trading you should worry about controlling your emotions, still it is a very important step because if you do not then nothing you have learned before will matter if you sell your coins if you panic.

[maydna]

I'm a noob, but is it possible for everyone to make a profit, or must there always be losers?

There are always traders who get profit and loss, and that depends on how they can choose the coin and how they analyze that coin. Everyone can make a profit, as long as you can analyze with the right, I am sure that you can be able to make a profit. If you are not giving up on trading, I am sure that you can be a professional trader so you can make a big profit. But my advice is you should not be greedy for chasing the profit because that can make you lose the opportunity to make a profit.

[alexsandria]

Confidence fuels greed to overtake the right action you must do when you trade. Confidence isn't good all the time especially when it turns out to be too much, that literally you wanna risk the all of money left and you. Which is bad because greed plays you because your over confidence starts to triggered it. Numbers 2 and 3 are basically a necessity which a trader need to comply, otherwise you won't be able to start, and at the same time won't be able to have some decent trading.