Reasons for traders to look at!

[SoeNan89]

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.

Controlling emotions is difficult if we are in a Bearish situation which causes the value of our assets drop dramatically. I agree Controlling emotions is the most important thing in the world of trading. Without good emotional control, you will often experience losses.

[Amel]

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.

Actually it is not a matter of how fast the market moves and how fast we execute it but the most important thing is, how precisely we execute the market. Executing too fast in my opinion is a reckless act, even though it has been done with thorough research. But basically, everyone does the execution with thorough research but they just lack patience.

[Asmonist]

Personally, I'm not really so active in trading. But base on my experience, trading really needs a lot of patience and perseverance. I'm trying to return to trading as soon as I'm recovered from my previous trading wherein it turn out to be no returns at all even the capital. I also learn that it really needs time and effort for it because on my case I've been confident to let it stay for long without knowing that the said trading site will already close. And unfortunately, I read the notice after due date.

[avatar_kiyoshi]

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.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

[pundit]

Its easy to narrate or study trading rules but very hard to follow. I have personally experienced it. I do not know whether anyone else has the same problem as of mine. I am trading forex  since 2011 and know most of the rules to be a good trader but still whenever I start trading I lose control over it and take high risked position resulting a big dd or losing my account. It is better if someone remains stick to rules whatever he decided else it is better to sit aside.

[Hamphser]

Its easy to narrate or study trading rules but very hard to follow. I have personally experienced it. I do not know whether anyone else has the same problem as of mine. I am trading forex  since 2011 and know most of the rules to be a good trader but still whenever I start trading I lose control over it and take high risked position resulting a big dd or losing my account. It is better if someone remains stick to rules whatever he decided else it is better to sit aside.

Sticking to the same rules is a lot more helpful than risking to go against it which would sometimes burn your capital. But those new strategies that we want to try should be practiced first in a none risky field when trading. It would take a lot of time to completely master it at least a single strategy.

[drachman]

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.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

[dunfida]

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.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

[Coin_trader]

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.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

[TitanGEL]

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.

Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor.

For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage.

While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books.

Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own.
Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net
where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated.

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

[Amel]

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.

[Assface16678]

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.

In terms of trading, we have two different kinds first is the Forex trading or the Foreign Exchange Market. This trading of different currency that came from a different country and many people use this as an investment of real money into a different currency. Next is the cryptocurrency trading, in this trading, we have different currencies too, but we called them as coins we have the bitcoin and alternative coins or altcoins like Ripple (XRP), litecoin(LTC), and many more. That trading process is both productive, and you can earn a lot of money, but the difference is the money they are using in forex we use real currency, but in crypto trading, we use the coins.

[sisule]

Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading.
In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching
tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO.

Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use.

Books are important but without a teacher, it will be more difficult. Sometimes we often get lost in learning, well that's because without guidance, learning with videos, books, etc. will surely encounter many problems in understanding, therefore we need people who are able to guide in learning as well as the existence of this forum that can help all members in learning about bitcoin.

Books and teacher I think is not important but experience can guide us to get much profit with bitcoin and altcoin investing, we can earn profit without got experience fist in trading with bitcoin, when faced with experience you will know details with trading and investing in bitcoin and you will know which time you got profit and how to choose altcoin for trading.

[tonyvo2017]

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.

I am quite grateful to you for sharing useful knowledge to our forum but these theories are a lot on the pages displayed at Google. I have read dozens of basic trading guide pages for newbies but I still lose money when practicing with my real money. So I want the fifth advice that you should practice as soon as you learn any lesson. Only experience can make a real good trader.

[alisonwonder]

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.

I agree, because I've also been like that. most people want to earn lots of money fast and instant like in gambling, even though this trade is full of analysis.
emotions and greed that we have to control, greed makes us miss profits because of high expectations on prices will continue to rise.

[Barbut]

Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.

[wajik-tempe]

Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.

Every people must have the greedy side of their investment and that's the hardest thing to control even for the people who already trading for years, the greedy moment will have come to them because of having the chance of getting lot of profits. Risk management is the core of the trading, if we could control and manage our risk in trading, i'm sure we could do trading for living.

[Dart18]

Listed emotions there which is a difficult task to control.

There will always be a part of us who cannot control greed and fear.
How could you if the pump is happening so wildly?
If dumps are also getting harder then it is time to sell.
Those kind of events that happens in crypto trading cannot be stopped and so does our emotions.
Controlling it is not like learning to trade in textbooks. It is yourself which is the enemy.

[KrisAlex18]

Many trading strategies are good, what people miss is that every strategy requires time and bankroll, depending on how much free time you have and your bankroll you need to find a strategy that is suitable for your situation. Many people lose money with trading because of the greediness, they wish to much with their little investments and they wish it as fast as possible. Learn about trading strategies and find one that you will be able to combine with your free time. The second thing you should pay attention to is your bankroll, every strategy requires some starting capital.

Every people must have the greedy side of their investment and that's the hardest thing to control even for the people who already trading for years, the greedy moment will have come to them because of having the chance of getting lot of profits. Risk management is the core of the trading, if we could control and manage our risk in trading, i'm sure we could do trading for living.

I know being greedy often results to failing but sometimes when you greed too much it makes you gaining more than not doing it. We become greedy because we want more and based on our instinct that we trust. I have to agree risk management and emotion control is the best, perhaps the safest way thing to do.

[Meowth05]

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.

Not gonna lie, the experience is the most important thing you can acquire. If someone has enough experience and knowledge there's no doubt that he/she can manage his trade more efficient. I am not saying that tips and guides of someone else are bad in fact this would be really helpful in some cases but much better if we ourselves seek knowledge through our own experience.