Traders paradise

[barbara44]

The biggest part about growing in trading is the losses, they are probably the biggest earners that you do not realize. The difference between a profit and a loss is that if you profit then you take the profit and look at the next move, but when you lose then you learn something and then you become a better trader and you start to learn something.

This is why I believe that we should be focusing a bit more on losses than profits since profits only give you money once but never improves you and doesn't share your future whereas the losses gives you an idea on what you did wrong and how you could do better which is a wonderful thing in the long term.

Learning from the losses is not easy if you are a newbie. You could take a look at a loss and do not understand why you lost money there, not like it’s going to be impossible for you but it is not going to be easy to understand why you did wrong.

If you studied it though, then things change and you start to understand what you did wrong and you will learn from it and not do that again, you will know your mistakes and wrongs. This is why it’s such an important task to study before you start trading so that you would know what you are looking at. Otherwise, you will look at it and it will feel like a foreign language to you and would not understand anything.

[pawanjain]

Thank you all for you clear and insight on this subject matter I now know for the fact that investing is less risky compared to trading as the cryptocurrency market is always volatile but the fact that I lose in some cases does not make me a total failure in trading and haven't lose in some trades and also gain in some other make me realize that skills is the most essential and an integral aspect of cryptocurrency trading.

Of course you need the trading skills and without that you will probably lose all your money.
The fact that you are making money or not doesn't matter when you have just started to trade.
You need at least 1-2 years of trading knowledge to get started with trading with serious money.
The knowledge of trading in different trends is definitely required to get a good handson on trading before we go all in.

[Tellek Garing]

High leverage is the killer of most traders profits and capital as if the trade goes in the opposite direction you liquidation happens faster but with low leverage you will have a longer liquidation and possible gains as the time run out.

Loses indeed is part of the learning stage and I know why pro traders only share the profit story is because their have paid the sacrifice long ago and don't usually have loses at the current time so they may not have that experience anymore.

[Finestream]

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading, but I have known him for crypto trading for close to two years now and in this period I only saw his success stories.

Now I decided to start trading after many persuasion and am beginning to have a rough experience but all the while I have only viewed cryptocurrency trading as an all good venture

I guess your friend had succeeded from persuading you and now you're starting to experience the reality in crypto trading. Well, i think your friend has his own way of convincing you by only sticking to his success and massive profits only, that's also his strategy. Otherwise, you will be scared to start trading in the first place because you will discover from him that trading is more on losses than gains. But with his own way of persuading you, i can see now that you are more motivated to win against those losses.

[darewaller]

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading, but I have known him for crypto trading for close to two years now and in this period I only saw his success stories.

Now I decided to start trading after many persuasion and am beginning to have a rough experience but all the while I have only viewed cryptocurrency trading as an all good venture

You only saw his success, how? He showed you his trade history and you only saw successful trades or you just assumed that he’s always being successful in his trades because he told you that?

Before you got into trading did you care to learn about trading or you just work one day and felt maybe you should become a trader and start trading cryptocurrencies? You know this market is not as easy as some people will make it seem to you, there are difficulties when it comes to trading crypto, so you need to learn and practice and with time you will get perfect. Even the best traders do experience loss, so it’s normal, but learn and get better.

[Xampeuu]

High leverage is the killer of most traders profits and capital as if the trade goes in the opposite direction you liquidation happens faster but with low leverage you will have a longer liquidation and possible gains as the time run out.

Loses indeed is part of the learning stage and I know why pro traders only share the profit story is because their have paid the sacrifice long ago and don't usually have loses at the current time so they may not have that experience anymore.

we often encounter traders who choose high leverage and they use large lots in trading, this of course will make trading unhealthy and eventually the capital can run out in an instant. indeed mistakes are a good experience for the learning process, but at least if we can take lessons from the experiences of others then we don't have to make the mistakes they made, and finally this method is expected for us to process faster

[Tellek Garing]

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Trading is not for everyone and not for everyone. In the future, it may turn out that you do not have the mindset that a successful trader needs and you will find yourself in other, less risky activities, such as investing or mining.

It's a stupid notion that people force themselves to be traders when they are not really meant to be. there are many success stories in this world and a successful trader is only a few percent, a miner can also be successful, writers can also be successful, site developers can also be successful now it's just how we find out our own identity and passion.

It is only a greedy person who will only focused his attention to only the positive side of any venture and trading that requires high level of skills is associated with high risk and possible loses that may occur in along the line of lining the basic on trading.

[darklus123]

some strategies work for someone, but for others, it won't. he may have secrets, but it is on your own accord how you will uncover those secrets. don't rely on someone to get those tricks. in time, you will understand why you can't disclose to others because there are other factors that you need to consider and it may really not be applicable to others. hard to tell it to others as they may blame you if it doesn't work on your case. better discover things on your own because once you acquired it, no one can steal it from you.

Exactly, based on my experienced. It is really important to know your category in entering this game whether you are planning to do it full-time or just as a side hustle. When you then realized your purpose you sure are gonna be losing amounts in the first few months or even a year of your trading experience as a beginner. In that stage, it is important that you experiment with different techniques that will fit your personality. Experimenting different ideas is far better than just listening to somebody's way of doing things that might not actually work for you and will just be the main reason that you will burn your asset.

[Farma]

it's a good effort, but it's also risky. very true if trading can provide an amazing achievement. however, you should understand the risks in trading. if you do it well, then it can make you rich in no time. however, if you fail, then it can also make you poor in a short time.
As far as what you say, you have never entered directly into the world of trading. So, when you log in, you need to do a lot of research before choosing what coin to use. asking for advice from your friends will be better. other than that, use the money you are willing to lose. because if you use your main money in this experiment, it might increase the risk you put yourself at.

[Markinzo]

It's true what they say that, the success of people is easily noticed more than the days of heat which produced such success.

I enjoy it so much when people randomly talk about others they know that are big success in cryptocurrency trading without a knowlege of how rough their beginning must have being with countless losses that might have been incurred by this smart person that is currently  making his success now in the trade.

Just like every other daily business that demands time, careful study and patience so cryptocurrency could be liken in addition to risk involvement.

All those that came in with the mindset that it's all rosy have all given up just with a little loss!

[wxa7115]

some strategies work for someone, but for others, it won't. he may have secrets, but it is on your own accord how you will uncover those secrets. don't rely on someone to get those tricks. in time, you will understand why you can't disclose to others because there are other factors that you need to consider and it may really not be applicable to others. hard to tell it to others as they may blame you if it doesn't work on your case. better discover things on your own because once you acquired it, no one can steal it from you.

Exactly, based on my experienced. It is really important to know your category in entering this game whether you are planning to do it full-time or just as a side hustle. When you then realized your purpose you sure are gonna be losing amounts in the first few months or even a year of your trading experience as a beginner. In that stage, it is important that you experiment with different techniques that will fit your personality. Experimenting different ideas is far better than just listening to somebody's way of doing things that might not actually work for you and will just be the main reason that you will burn your asset.

To this I will add that it is very important to keep detailed records about what you are doing, our memories are not perfect and when you are testing different strategies it is easy to forget the details about why you made a particular trade.

So you need to keep records of the market conditions at the time, the strategy that you were using and your thoughts when you entered the trade, during the trade and when you closed your trade, that way in the future when you are making a fair assessment of the trades you made in the past you can understand clearly what you were doing at the time and correct your mistakes if necessary.

[Kasabus]

Before I started cryptocurrency trading I have always hard this friend who is a pro cryptocurrency trader and have always shown me his profits but never told me how long he has been into cryptocurrency trading, but I have known him for crypto trading for close to two years now and in this period I only saw his success stories.

Now I decided to start trading after many persuasion and am beginning to have a rough experience but all the while I have only viewed cryptocurrency trading as an all good venture

Do not worry this is natural, it is very rare that for someone that is new to this market success will come immediately to him, this is something that takes time but fortunately for you there is something you have that most traders in the market do not have, and that is a mentor you can ask questions.

If your friend is someone that can actually make money from the markets then you can ask him questions about what books to read so you can also have the same success as him, it is not going to be an easy journey but without a doubt your path can be way easier than the one the majority have to go through if you know how to take advantage of the knowledge your friend can impart to you.

Good thing about you is that you can have a mentor that can guide you throughout the way, unlike most of the traders here who struggled to learn on their own. That way, his success will also influence you and you can definitely learned a lot from him. However, don't be surprised if some of the days turn out to be rough and hard, that is the nature of trading. What matters is that despite of the losses you have, you are still able to make profits which i think every trader's goal.

[abel1337]

-snip

Do not worry this is natural, it is very rare that for someone that is new to this market success will come immediately to him, this is something that takes time but fortunately for you there is something you have that most traders in the market do not have, and that is a mentor you can ask questions.

If your friend is someone that can actually make money from the markets then you can ask him questions about what books to read so you can also have the same success as him, it is not going to be an easy journey but without a doubt your path can be way easier than the one the majority have to go through if you know how to take advantage of the knowledge your friend can impart to you.

Good thing about you is that you can have a mentor that can guide you throughout the way, unlike most of the traders here who struggled to learn on their own. That way, his success will also influence you and you can definitely learned a lot from him. However, don't be surprised if some of the days turn out to be rough and hard, that is the nature of trading. What matters is that despite of the losses you have, you are still able to make profits which i think every trader's goal.

Having a mentor is a really good thing because your start wouldn't be as hard as a solo learn trader. Someone will guide you in the path of successful trading. I'm sure that the mentor will organize the learning path on what comes first vs the solo learner that learn things randomly. I myself is a solo learner before and I have a rough start  by losing some penny on every trades I did before. Emotions is a hard thing to teach that's why you need to control yourself as a trader.

[Tellek Garing]

Having a mentor have really helped in in trading as it has limit my losing possibility since am trading under the guide of a pro trader unless in some cases where our trading predictions fails that is the only way I witness loses this days.

But on a more serious note trading generally has to do with high risk most especially crypto currency trading since the general market have to do with volatility.

-snip

Do not worry this is natural, it is very rare that for someone that is new to this market success will come immediately to him, this is something that takes time but fortunately for you there is something you have that most traders in the market do not have, and that is a mentor you can ask questions.

If your friend is someone that can actually make money from the markets then you can ask him questions about what books to read so you can also have the same success as him, it is not going to be an easy journey but without a doubt your path can be way easier than the one the majority have to go through if you know how to take advantage of the knowledge your friend can impart to you.

Good thing about you is that you can have a mentor that can guide you throughout the way, unlike most of the traders here who struggled to learn on their own. That way, his success will also influence you and you can definitely learned a lot from him. However, don't be surprised if some of the days turn out to be rough and hard, that is the nature of trading. What matters is that despite of the losses you have, you are still able to make profits which i think every trader's goal.

Having a mentor is a really good thing because your start wouldn't be as hard as a solo learn trader. Someone will guide you in the path of successful trading. I'm sure that the mentor will organize the learning path on what comes first vs the solo learner that learn things randomly. I myself is a solo learner before and I have a rough start  by losing some penny on every trades I did before. Emotions is a hard thing to teach that's why you need to control yourself as a trader.

[topman21]

I don't think trading is easy. There is a lot of time and a lot to learn here. If you think it's too easy then you're wrong.Because trading platforms have my own experience. Where I am always losing despite my experience.I would say those who think this trading is easy are wrong. However, there are many people who can do good analysis and are able to profit from trading.However, its percentage but maximum 1 percent.

[DanWalker]

Well I recent contact with my friend he has suggested that he will mentor me until I become a professional in trading and he also suggested I still trade with a demo account until I master it to avoid loses in the initial stages.

I thank you all for your responses on this matter and am well aware of the risk a beginner will face in the early stage but as time goes on a lot will change and profits making will become a steady flow.

Great! as a new trader you will avoid the pitfalls of the market with a professional advisor by your side. But I have a suggestion, instead of using a demo account to trade I think you should create a real account and deposit a small amount of money into it to trade. Trading with a demo account is good because it will help you avoid initial confusion but because it is a demo account, our trading psychology will be very different from when trading with a real account, psychologically neglectful because it is not his real money. So abusing the demo account will not be good for later, trade with a real account with a small enough amount to trade then you will focus on the market and form a psychological habit to cope with market fluctuations.

[Sebas.tian]

I don't think trading is easy. There is a lot of time and a lot to learn here. If you think it's too easy then you're wrong.Because trading platforms have my own experience. Where I am always losing despite my experience.I would say those who think this trading is easy are wrong. However, there are many people who can do good analysis and are able to profit from trading.However, its percentage but maximum 1 percent.

I agree with you, trading is not easy because there are two things you must come across in crypto trading which are profit and loss. I think it will be difficult for traders not to experience losses from crypto trading because experienced losses help you to learn more from the market, so that you will have story to shares to newbies who are just entry the system. The more you go into research about crypto trading the more you know how to remain in profit making in the community. your research will definitely make you to understand when to trade to make a huge amount of money and when not to trade not to experience losses from the market.

[wiss19]

Persuaded? Who persuaded you to join cryptocurrency trading? If it was your friend then I would advise you that you should speak to your friend and tell him or her to teach you how they are making success from trading.

They shouldn’t just tell you to start trading cryptocurrency and leave you halfway on the road, they should be the one to guide you and let you know the things that you are meant to be doing and how you are going to be able to achieve success from trading.

So, I’m saying that you should go back to that your friend that advised or introduced you to this, and tell them to teach you.You are lucky to have a friend that is being successful in trading cryptocurrency, most of other people don’t have such an opportunity, and they have to spend time doing research and trying to learn it.

But for you, you have someone who already has got the idea of how to do it, so it would be better and easier for you if they are to teach you.

[doomloop]

High leverage is the killer of most traders profits and capital as if the trade goes in the opposite direction you liquidation happens faster but with low leverage you will have a longer liquidation and possible gains as the time run out.

Loses indeed is part of the learning stage and I know why pro traders only share the profit story is because their have paid the sacrifice long ago and don't usually have loses at the current time so they may not have that experience anymore.

They (the pro traders) do experience the losses too. The difference with someone who is a pro trader is the fact that they have become well experienced in the market and they know the right time to trade  and when to stay out.

But, most of the newbies don’t know that; they do not know that there are times you should avoid trading in the market, and they don’t know how to follow the news or the sources to look for it, and they have no idea about technical analysis. All these things are crucial for the success of a day trader.

[darewaller]

trading is not easy because there are two things you must come across in crypto trading which are profit and loss. I think it will be difficult for traders not to experience losses from crypto trading because experienced losses help you to learn more from the market, so that you will have story to shares to newbies who are just entry the system. The more you go into research about crypto trading the more you know how to remain in profit making in the community. your research will definitely make you to understand when to trade to make a huge amount of money and when not to trade not to experience losses from the market.

Losses are a thing that you can't avoid, but it needs to get lower and lower if you are learning and that is how you calculate yourself. When you first start there will be plenty of things that will make you lose money but after a while you will end up learning more about it and you will lose less. If you are still not losing less and if you are still losing like your early days then it means you haven't learned much.

This usually is a problem for people who started on a bull run period and made a lot of money on even the first day, and then during the bear period they end up losing a lot of money and this prolongs their learning curve.