Reasons for traders to look at!

[Danumsigwasan]

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.

[panganib999]

Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.

[acdc]

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.

[pajak666]

Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.

Greed and boosted ego  aren't necessarily the same thing. You can do many greed mistakes while still being not being overconfident at all. Also being skewed with your confidence doesn't mean you will be greedy. As said, it's most important to take the learning process slow and use the smaller possible amount of money that makes you 'feel' the loses but is not gonna make you broke if you had to reload a few times. You will not become good trader working on millions if you can't profit on $10 first. Also the best thing is you can get the experience and knowledge that will grant you good position in the industry without even risking a dollar while learning. Paper trading as much as it is boring, is the best teacher out there.

[AniviaBtc]

Isn't number 1 and 4 almost the same? Like the idea of over trading happens because greed overcomes your rationality of deciding to trade slowly and effectively. Also, the 4 given are mostly mistakes made by newbies. The struggles occur because of their lack of experience and knowledge regarding how to trade and so, problems occur, so simplest solution is to let experience take its place, and gradually, newbies that trade would slowly learn the advantages and disadvantages of the certain actions they do, thereby improving their efficiency as traders.

Greed and boosted ego  aren't necessarily the same thing. You can do many greed mistakes while still being not being overconfident at all. Also being skewed with your confidence doesn't mean you will be greedy. As said, it's most important to take the learning process slow and use the smaller possible amount of money that makes you 'feel' the loses but is not gonna make you broke if you had to reload a few times. You will not become good trader working on millions if you can't profit on $10 first. Also the best thing is you can get the experience and knowledge that will grant you good position in the industry without even risking a dollar while learning. Paper trading as much as it is boring, is the best teacher out there.

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.

[mbakruroh]

People go off from dream and ours is same, profit. The journey is not easy but some people stay focus because become trader is their dream. They can learn so much knowledge to get success in different way, far from reality job near them. This struggle need time, passion and fund to start but never let your emotion take control your mind. Follow your rules and see you next year.

[milewilda]

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.

Lets just point out on whats being mentioned on the article.

=Overtrading from being overly confident
=Inadequate capitalization
=Not adapting to market conditions
=Being motivated by greed

I highly agree with these points and one thing which is important to avoid is that on that #4
yet any actions driven or motivated by greed will really result into a disaster.

[Yamifoud]

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.

Losses will always be a part of the trader's life, in fact, losing is a way also for them to learn something and succeed later. And most of the reason why they suffer losses is because of market adjustment/adaptability. I know it was hard to adjust especially when you are expecting too much but in the end, it was far from the way we think of. Not surprising but it makes people paralyze and disappointment.

[Hallmader]

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.

It is hard or even impossible to become a professional trader without an actual mentor or formal training. You cannot learn everything all by yourself. I tried learning crypto trading alone and I failed. I even failed countless of times after I had a few trader friends to compare my analysis with. In sum, my trading experience was not fun but interesting. If one has the perseverance and determination, he should be undergoing a formal trading or mentoring to succeed. 

[maxreish]

Aim a reasonable profit.
 
 I just highlighted that one I have read in the article. It's kinda true that there is also a good side of being a greedy one. Aiming not only as small trader but to aim a successful trader with enough profits.
 
 Overconfident
 
 I can tell you that it is hard to be overly confident trading. When you thought you are sure of what you are doing, think twice. I usually experienced this and  we can't really be so sure about the market because of the sudden sideways.

[wajik-tempe]

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.

All of them could be concluded as less knowledge and more greed. We should be more patient in trading and also we should learn as much as possible anything realted to the market and the coins that we trade. If we're just do a blind trade and hoping for a luck, maybe we'll get profits by luck at first but we must be ended up loss.

[TravelMug]

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.

Lets just point out on whats being mentioned on the article.

=Overtrading from being overly confident
=Inadequate capitalization
=Not adapting to market conditions
=Being motivated by greed

I highly agree with these points and one thing which is important to avoid is that on that #4
yet any actions driven or motivated by greed will really result into a disaster.

On that number 4, I think we should used our logical thinking here and not to be carried by our greed. Number 1 though, I must say that I'm guilty as well, being confident that I wouldn't lost in this market, so it's a hard lesson.

Number 2? I guess we can start with small capital and try to get it multiply over time. I believed most of us did that, We begin with small capital we earn here (sig campaigns, bounty hunting) and used that as a stepping stone. Then we trade our earnings, and make the best out of it.

[Kelvinid]

I may consider greediness as a tool to encourage people but somehow it is also a reason for our fall. This simply means that we know also to be satisfied with a small amount and accept what only got. Greediness could sometimes lead to illegalities and yes, it often to happen in some local businesses. We've been run through this kind of behavior but we should have to control it.

[Sanugarid]

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.

Lets just point out on whats being mentioned on the article.

=Overtrading from being overly confident
=Inadequate capitalization
=Not adapting to market conditions
=Being motivated by greed

I highly agree with these points and one thing which is important to avoid is that on that #4
yet any actions driven or motivated by greed will really result into a disaster.

On that number 4, I think we should used our logical thinking here and not to be carried by our greed. Number 1 though, I must say that I'm guilty as well, being confident that I wouldn't lost in this market, so it's a hard lesson.

Number 2? I guess we can start with small capital and try to get it multiply over time. I believed most of us did that, We begin with small capital we earn here (sig campaigns, bounty hunting) and used that as a stepping stone. Then we trade our earnings, and make the best out of it.

Because being too confident is not always good in all aspects. It can bring you to failure for rushing something that you shouldn't. Remember, always take things slowly because they say that "Slowly but Surely".

Market capitalization is a natural thing, you will make your money grow from smaller to big amount of profits. After that we always enjoy wise trading that will also help us to have profits.

Loss are the effect of greed and rushing things. You should take your actions with a correct thinking and mind manipulation for you to know the next actions that you must do in the market

[dark08]

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.

But when you are in real trading controlling your emotion is so hard to do there will always time that greed will control your emotion but if you manage to control your emotion, I'm sure your trading flow will change because your risk management will be more flexible to make a good decision.

[1Referee]

If you have negative thoughts while trading, it is best to stop and resolve those emotions before returning to your trade.

Easier said than done. In a market like crypto that's active 24/7 there isn't really a moment to step back and get yourself together. Traders want to utilize every bit of the time they're awake looking for opportunities to trade. Not trading means missing out on potentially very lucrative opportunities. It's not like the legacy markets where you can take a (forced) break in the evening and weekends.

Crypto is brutally time consuming. Something that I have had to learn the hard way myself, hence the reason I no longer day trade. I used to trade spot without leverage, can you imagine how more stressful it is for those who are day trading with leverage all day due to the increased risk of getting liquidated? Nothing to like about it.

[palle11]

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.

But I think emotion is not even the primary thing. What I think every trader should do or know is to have and believe in their strategy. After that strategy, then emotion can make you a good trader because you understand when to trade (I mean making a call order) or not because of the strategy you already built.

[rijaljun]

Overconfident and greedy are very common mistakes for new traders, including me. Back when I used to make like $100 USD daily with $500 USD as a capital, it got me greedy and felt overconfident with the market. Then, when the market condition changed, I started to lose, and lose more over weeks and after that I realized, I have made a big mistake.

Well, now is very hard to trade even for experts I am sure. But there are always possibilities to learn trading in the current condition. So, keep learning from the mistake and do things right after all.

[Darooghe]

I think the first thing you need to learn is how to control your risk. Know exactly how much money you can lose on a trade before you ever place it. have stop loss orders in place. most commonly, people lose money due to this point because they hold out losses, thinking they will recover and end up losing more, while most people usually cut profits too soon and don't stick with their strategy and trust their DD, giving up greater potential gains.

[Ucy]

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

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.