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Author Topic: Why people run away from trading!!!  (Read 2864 times)
Freddy11
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September 05, 2020, 11:00:55 PM
 #341

It is for 2 simple reasons. First is that there is no strategy to work with, which eventually leads into losses. While the 2nd reason is the broker. Fortunately, I have both these parts covered through FreshForex, as it is one of the best broker to work with. It helps big time and allows me to do well.
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September 06, 2020, 11:09:16 AM
 #342

I've been trading Crypto and forext since 2015. My advise is not to put lots of money in your account specially if you don't know how the Cryto trading is. you need to know how and when to trade. you can't trust your guts when trading online it will only leads to loss of your money.
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September 07, 2020, 02:45:49 PM
 #343

1. Lack Of Proper Trading Education

2. No Risk Management

3. Lack Of Patience


4. Having that mindset that trading is an easy money generator.
5. They set up goals basing on others positive outcomes
6. Emotion

Lots of experience or things that you should face on first before for you to able to learn.
It will vary on each person because not all would have the same effort on learning things up.
People tend to forget that experince has value that money can't buy. Investing your time to actually learn about crypto thoroughly is the right way to go Smiley
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September 18, 2020, 06:09:20 PM
 #344

On your Option, No 1 is the main reason why people are run away from trading. Trading is not so easy what people suppose it. Most of the new people don't know the basic rules of trading. When they lose money continuously, they think trading is not for them. But practically they don't have much idea about trading.

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September 19, 2020, 04:57:37 AM
 #345

Your points are really okay and most people came with the intention of trading is a place to farm fiat currency, when they are disappointed due to their lack of adequate knowledge, they step back.

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September 19, 2020, 11:36:10 PM
 #346

I would like to contribute to what OP has said
Having a trade journal
As the name implies a trade journal is either a book or an online spreadsheet where you can record all your trades, having a trade journal is a must for every crypto trader, because it plays a vital role in keeping you composed in order for you to trade according to your strategy,having a trade journal helps you to take note of everything you felt and learnt from a trade, thereby helping you to acknowledge your thoughts and emotion triggers behind every trade.

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September 19, 2020, 11:38:36 PM
 #347

Because greedy exchanges makes them liquidation about fund and trader don't have any option. In the present time their is no exchange who think about customer. Everyone only think about fees generate through trading.

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September 19, 2020, 11:44:26 PM
 #348

I would like to contribute to what OP has said
Having a trade journal
As the name implies a trade journal is either a book or an online spreadsheet where you can record all your trades, having a trade journal is a must for every crypto trader, because it plays a vital role in keeping you composed in order for you to trade according to your strategy,having a trade journal helps you to take note of everything you felt and learnt from a trade, thereby helping you to acknowledge your thoughts and emotion triggers behind every trade.

I think, that's too much for me. If you are an active trader, this will be a headache to do. Maybe jot down all your tips and tricks, but recording all your trades? That's not helpful for me. Maybe for others, but this will eat my time. And I don't think it has significant value from my end.

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September 20, 2020, 05:25:18 PM
 #349

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have a proper risk management regardless of your analysis of the market. I personally enter a position with 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.

Additional information and advice would be appreciated. Thank You, Stay Home, Stay Safe.
You already pointed out some features which is most likely familiar and very true. Spending all the money to a token is also responsible for making you hero to zero in this game. Because, anything can be happened and you can think it as reverse that means zero to hero. Proper guidelines will help you to encourage to do this. Otherwise, you may lose your hope in early stages.

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September 20, 2020, 09:05:07 PM
 #350

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

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September 21, 2020, 10:10:04 AM
 #351

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.

But you pay these "huge fees" only once when you deposit your funds to an exchange. Or it will be correct to say - "transaction fees are high".
While trading fees are relatively low and you pay only 0.1% or less based on your trading amount.

If you have altcoins that worth 5-20$, transaction and trading fees takes a lot. But who trade such with amount right now ? You dont expect to get much profit from even a whole day trading session.

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September 22, 2020, 02:00:06 PM
 #352

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.
Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.

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September 22, 2020, 04:29:26 PM
 #353

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.
Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.
Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently. I cannot afford to use small amounts of funds for trading, as well as more valuable cryptocurrency, for which I have other views on their benefits for me, which will come from long-term storage of these coins.

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September 24, 2020, 07:27:52 PM
 #354

4. Huge Fees

These factor hugely remove the small time-traders from gambling I know some of my friends that are trading for the past years but during these pandemic they are struggling from the fees decreasing their profits and becoming more uninterested from it.
Someone who is trading with very small capital should not withdraw the profits every time because the profits will be more lesser than the actual withdrawal fee so just keep holding the funds in bitcoin or stable coin and once reached certain amount then just withdraw all at once.
Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently. I cannot afford to use small amounts of funds for trading, as well as more valuable cryptocurrency, for which I have other views on their benefits for me, which will come from long-term storage of these coins.
You no need to pay any other fees other than the trading commission while you are trading, you only need to pay withdrawal fee which is high at the moment at the time of withdrawal.Since you already knew the fees are high then why you are withdrawing just hold the profits in the exchange itself or just convert them into another coin and withdraw for much cheaper fee.

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September 25, 2020, 08:29:10 AM
 #355

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.

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September 25, 2020, 01:06:34 PM
 #356

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.
Hey, please give some concrete evidences maybe some articles or photos that may support your claim.
I've heard that there are some history of pump and dumps that happened on binance, but I did not found any good proof about it.
I do know some exchanges that supports pump and dump scheme, I think everyone knows it already, but I won't say it coz we are not in the scam accusation board.
Pump and dump schemes on exchanges should be fully eradicated to protect investors from such fraud.


Recently, any transactions on the Ethereum network have a very high cost and I cannot trade those tokens that I used to trade until recently.
<snip>
I'm not well familiar on Ethereum, but does even the trading fees went high recently because of the hype on DeFi?
I thought it was only for the gAs which reached new ATH.  Undecided

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September 25, 2020, 08:45:13 PM
 #357

I'm not well familiar on Ethereum, but does even the trading fees went high recently because of the hype on DeFi?
I thought it was only for the gAs which reached new ATH.  Undecided
Nope, he messed up with trading fee and transaction fee that is why he said he can't be able to make profits but trading fees are based on commissions from total traded amount then there is no reason for it to get increase.

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September 26, 2020, 02:41:44 AM
 #358

Now there are newbies want to trade too and some of them want to make it but the problem is they are going too make greedy because they want to earn quickly. This is the problem to the new coming trading right now they want to make a lot of money easily by just making a first trade.

There are two traders right now.

1. The one who is greedy beginner and doesn't have enough skills to make trade at their own and those are the dependent from the other members too.
2. The last is the good trader who is skilled and always make want to learn regarding with trading , and they are the one who is willing to become an independent trader.

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September 26, 2020, 04:06:16 AM
 #359

People not only run away from trading but they also run away from crypto. Because they loss so much. The main reason for this is the crypto currency exchanges. Even the top crypto exchanges are so greedy like binance. They keep listing new coin without proper invitations and create pump and dump. And trader lost their whole fund. This kind of activities giving negative impact on whole crypto market.
I totally disagree if you mean that exchanges like Binance manipulate market prices,
If a trader gets a loss, it is most likely due to the fault of a trader who does not understand trading such as risk management, exchanges like Binance have high and reliable liquidity, so it is impossible for Binance to cheat or manipulate prices.

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gabbie2010
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September 26, 2020, 07:10:23 AM
 #360

1. Lack Of Proper Trading Education

2. No Risk Management

3. Lack Of Patience


4. Having that mindset that trading is an easy money generator.
5. They set up goals basing on others positive outcomes
6. Emotion

Lots of experience or things that you should face on first before for you to able to learn.
It will vary on each person because not all would have the same effort on learning things up.
People tend to forget that experince has value that money can't buy. Investing your time to actually learn about crypto thoroughly is the right way to go Smiley
You can't buy experience with money, a lot of people are not ready to sit down to learn thus gain experience before trading, experienced traders will tell you the charting hours it took them to able to be profitable in trading coupled with other aspect of trading mentioned by the OP whereas newbies are all always having the impression of trading to earn a lot of money without the learning the rope of trading, personally I can't the count the number of hours spent on studying charting techniques having discarded most of those lagging and colourful indicators in bid to study trading with only charts and this has been yielding positive results.

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Duelbits
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