Why does everyone want to trade?

[AicecreaME]

Binary option is a different case compare to cryptocurrency trading. Binary option trading is more simple by betting on "buy" or "sell" in a certain timeframe, but it is addictive and the easiest way of losing money if you have no luck or not enough knowledge on what to do.

While in cryptocurrency trading, you'll buy a cryptocurrency to trade and could gives you profit in the long term if you invested on a good coin even if you don't trade in futures, which is also risky if you're not knowledgeable about it.

Trading is a good way of earning money, you are your own boss, and there's no limit on what you could earn unlike being an employee, that's why everyone wants to do it but it is hard for those doesn't have a lot of patient on learning.

[Cryptomiles1]

The fact remain that everyone needs an additional financial flows and most attempt to trade to increase their capital but without a proper guideline and to my own perception not everyone that are truly ready to trade but they want income to flowless come without working for it. In as much as they are in crypto trading or any form of trading information and passion is being required to excel in their trading journey.

[Minecache]

It may be that the person traded at a wrong time. When covid started there was a lot of panic in the market.
A lot of panic selling was happening and the market had a lot of uncertainty. Seeing this that person should have closed all his trades.
But he continued to eventually lose all his money. We can't really say if he was bad at trading but may be the time he started trading was bad.

OP is not talking about trading he is talking about binary options and it is a form of gambling disguised as trading, so his friend or any other player losing is natural. I have not tried with binary options but I know many people who play it and I can assure you that no one can win. In my opinion binary options don't need any knowledge, you just need to use your luck to make profit, we only have 2 options: increase or decrease in a certain period of time.

[tvplus006]

...Please share as I almost fall victim of joining him but he lost made me to lost interest.

Even if you get full theoretical knowledge, without proper practice, this knowledge will not bring you profit. In addition, not every trader can adhere to the rules that require him to keep a deposit, which leads to a loss of money. In such cases, trading turns into a casino, and success in trading no longer depends on you.

[Obari]

There is something I would want to understand about people they taught trading is all about just funding their accounts and start the journey the way its.
Why do I brought up this case is that, a friend of mine who have been trading on binary using Demo account to trade for about 2 year, reading all forms of technical books and watching lots of videos online from which he had made an increase started building the account from bonuses given to him he would build time 5 of the initial fake funds and he would be happy to start improvement.

Reaching sometimes, he thought is now a professional who can control the real account, he went ahead and take a loan of $1.5k converting to our local currency then was about 1m. During the lockdown period he took the loan hoping to pay as we got released from the covid-19 but sorry he couldn't make it to trade out same $1.5k instead ended up emptying his account.

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

There is a big difference in trading a demo account and also trading a real account.
Binary has a sister account (DERIV) and I have been trading on DerivGo account for almost a year now and I have been trading synthetic indices proudly.
There are win days and also bad days, but the ability to recognize your bad days and taking a break is a key virtue in trading regardless of the broker you use.
I made a million naira($2300)in deriv in less then 48 hours  and there was also a day I lost $400 and I had to take a break for almost a week just watching how the market behaves(also took some very short trade to make small gains during my waiting time).

Most times after practicing with demo account we then move to real account and then trade with our emotions wit Al hopes to make profit and along the way we trade desperately and start making loss,
When the loss gets much , we tend to increase our trades a d expose them to more risk, hence indulging in revenge trade with most times, ends in great tears.

There are times one might trade and make lots of losses and think the markets are been manipulated, but no binary isn't neither is deriv but my advice is that we should always learn the basis of a trade before indulging in them.

[jrrsparkles]

There is something I would want to understand about people they taught trading is all about just funding their accounts and start the journey the way its.
Why do I brought up this case is that, a friend of mine who have been trading on binary using Demo account to trade for about 2 year, reading all forms of technical books and watching lots of videos online from which he had made an increase started building the account from bonuses given to him he would build time 5 of the initial fake funds and he would be happy to start improvement.

Reaching sometimes, he thought is now a professional who can control the real account, he went ahead and take a loan of $1.5k converting to our local currency then was about 1m. During the lockdown period he took the loan hoping to pay as we got released from the covid-19 but sorry he couldn't make it to trade out same $1.5k instead ended up emptying his account.

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

Beginning with options trading is a big risky move though and demo account may not represent the actual skill of a trader because while doing trading with real money the emotions plays a vital role and if I am not wrong your friend used some of the apps to do this instead of the traditional exchanges which also can be a reason cause they selectively scam people even many popular ones were exposed after years of research about their activities.

[traderethereum]

People who are new to trading believe they can start investing and making money right away, to the point where they borrow money to invest because they don't see any other options. They also believe that choosing binary options is a win-or-lose game with completely different risks for novice traders. In my opinion, this is not the best course of action. If you decide to start trading, you must be willing to lose money in order to gain experience.Should learn to manage risk.

If they borrow money to invest, it will put them at risk because of the crypto market movement. No one knows when the price will go up or down.
Even though they still believe they can repay the loan, it's better not to start, but if they insist on trying, that's up to them.
Many people want to try trading because they are tempted to see the social accounts of their friends who have tried trading.
I'm sure their friends will often upload pictures of their profits, although we don't know if their profits are real or fake.
But preferably before people start trading, they should learn basic lessons about trading until they really understand how to trade properly and correctly, including how they can analyze it well.

[pawanjain]

It may be that the person traded at a wrong time. When covid started there was a lot of panic in the market.
A lot of panic selling was happening and the market had a lot of uncertainty. Seeing this that person should have closed all his trades.
But he continued to eventually lose all his money. We can't really say if he was bad at trading but may be the time he started trading was bad.

OP is not talking about trading he is talking about binary options and it is a form of gambling disguised as trading, so his friend or any other player losing is natural. I have not tried with binary options but I know many people who play it and I can assure you that no one can win. In my opinion binary options don't need any knowledge, you just need to use your luck to make profit, we only have 2 options: increase or decrease in a certain period of time.

As far as I know binary options is similar to trading itself with the catch that we have to predict the price of the asset in next few minutes.
So yes, we do need a little knowledge about the current price, volatility, volume etc... because these things will help us "predict" the price better.

[Nrcewker]

We all want to trade because we think it's very easy way to make money. That was my believe too when I started trading, I left after losing money 🤑

Sorry to hear about your loss. But if you greed for money, then definitely anyhow you will end up making losses. Yours motive should not be focused only on making money by taking risks, you should always calculate the risk and then trade. Without proper knowledge if you just underestimate the market and place trades then no one can stop you from making losses. Before trading with real money, observe and analyse the market first and then go with real money. In short every one want to trade in order to increase their money.

[ShowOff]

OP is not talking about trading he is talking about binary options and it is a form of gambling disguised as trading, so his friend or any other player losing is natural.

If someone were to reply for reading the thread title, then obviously that would be misleading as the question is:

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

I have not tried with binary options but I know many people who play it and I can assure you that no one can win. In my opinion binary options don't need any knowledge, you just need to use your luck to make profit, we only have 2 options: increase or decrease in a certain period of time.

Even if you know how it works, I don't think you should try it. I would say that binary options are the easiest way to lose money even it is much easier than we think. Many people in my country including some friends are starting to realize that this is a form of gambling in other words because they don't really do any analysis as there are only two options. I probably wouldn't say it's a gamble, but honestly I would avoid it.

[Zilon]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

For perfection in trading it will cost the trader more study and less trading. It will also require patience and determination and lastly it will take building strategy and improving on them. But all this doesn't apply to binary option. Most binary traders apply the same technical analysis spot and future use but 70% of the times those analysis don't work because of  the short expiration range, giving it lesser time for the analysis to fit in to the binary option trading

[sana54210]

Binary option is a different case compare to cryptocurrency trading. Binary option trading is more simple by betting on "buy" or "sell" in a certain timeframe, but it is addictive and the easiest way of losing money if you have no luck or not enough knowledge on what to do.

While in cryptocurrency trading, you'll buy a cryptocurrency to trade and could gives you profit in the long term if you invested on a good coin even if you don't trade in futures, which is also risky if you're not knowledgeable about it.

Trading is a good way of earning money, you are your own boss, and there's no limit on what you could earn unlike being an employee, that's why everyone wants to do it but it is hard for those doesn't have a lot of patient on learning.

Binary would be way too bad for a newbie, I would not suggest that at all. I mean it's obvious that we are going to end up seeing a lot of people who will try it just to make a lot of money very quickly but we are going to see them lose it instead of win anything.

Why would you do something so risky when there is spot trading and long term investment and DCA available as information and knowledge and proven to be making more money to people compared to all other risky and low chance stuff? I personally just accumulate, and I am greatly happy about it, all these people who do futures, binary and other risky stuff are losing money most of the time and it’s definitely a wrong move.

[goaldigger]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

For perfection in trading it will cost the trader more study and less trading. It will also require patience and determination and lastly it will take building strategy and improving on them. But all this doesn't apply to binary option. Most binary traders apply the same technical analysis spot and future use but 70% of the times those analysis don't work because of  the short expiration range, giving it lesser time for the analysis to fit in to the binary option trading

It can took years before you finally understand trading and it’s indicators, it is indeed a big sacrifices and a big preparation for the good days. Trading can be more challenging in Binary option where the time is very limited to analyze and the probability to lose are very high so better to know what timeframe do you prefer to trade and make a strategy that can work for you, trading is not a competition though so take your time building a good fundamental.

[TimeTeller]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

For perfection in trading it will cost the trader more study and less trading. It will also require patience and determination and lastly it will take building strategy and improving on them. But all this doesn't apply to binary option. Most binary traders apply the same technical analysis spot and future use but 70% of the times those analysis don't work because of  the short expiration range, giving it lesser time for the analysis to fit in to the binary option trading

It can took years before you finally understand trading and it’s indicators, it is indeed a big sacrifices and a big preparation for the good days. Trading can be more challenging in Binary option where the time is very limited to analyze and the probability to lose are very high so better to know what timeframe do you prefer to trade and make a strategy that can work for you, trading is not a competition though so take your time building a good fundamental.

When it comes to crypto trading, you also need to be familiar with the project that you are trading with.
Despite knowing those TAs or FAs, one vital aspect is knowing where the coin is heading to.
This is why, it would take months or years to understand the crypto market as each coin or token has their own features.
There is no concrete market performance for each of them. Giving hard time for newcomers to understand what's going on.

[ultrloa]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

Please share as I almost fall victim of joining him but he lost made me to lost interest.

For perfection in trading it will cost the trader more study and less trading. It will also require patience and determination and lastly it will take building strategy and improving on them. But all this doesn't apply to binary option. Most binary traders apply the same technical analysis spot and future use but 70% of the times those analysis don't work because of  the short expiration range, giving it lesser time for the analysis to fit in to the binary option trading

It can took years before you finally understand trading and it’s indicators, it is indeed a big sacrifices and a big preparation for the good days. Trading can be more challenging in Binary option where the time is very limited to analyze and the probability to lose are very high so better to know what timeframe do you prefer to trade and make a strategy that can work for you, trading is not a competition though so take your time building a good fundamental.

Other people been hype up for certain condition that other people earn while they are struggling then they try their best to replicate what other people earned from that day. Most of this can cause them losses if they pressure theirselves because they see others earn good profits in a day. So taking it slow while they are new is best thing to do because for learning some strategy which is suitable for them could help them big to build up a good career in trading.

[Rengga Jati]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

People want trading because they want get the profits. Actually, trading cryptocurrency in the spot or future with knowledge, experience, and also good management will be okay. However, the problem is if we are trading without any knowledge, taking loans for trading, and not learning anything before trading. These are mistakes that we make first before trading. We always expect profits, but trading in this situation will not make you profits, exce[t you are a too lucky person. And I don't believe that someboady will be always lucky every time in their life.
Moroever if trading in Binary option,this is gambling, mate.

[DoublerHunter]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

People want trading because they want get the profits. Actually, trading cryptocurrency in the spot or future with knowledge, experience, and also good management will be okay. However, the problem is if we are trading without any knowledge, taking loans for trading, and not learning anything before trading. These are mistakes that we make first before trading. We always expect profits, but trading in this situation will not make you profits, exce[t you are a too lucky person. And I don't believe that someboady will be always lucky every time in their life.
Moroever if trading in Binary option,this is gambling, mate.

^People do this because of generating a profit and that is all they want.
Trading or gambling is the same risk that you need to face but both have the same goal of making a profit, that profit is why people frequent this activity because they know it is a very easy way to gain profit. Because everyone wants to have extra income and they think trading is very easy for them, they did not know that if you lack knowledge on it and will probably be lost all your money in a single snap. Everyone wants to trade but the fact, trading is not meant for everyone.

[Silberman]

So my question is; does those who started trading on binary faces this same issues?
And if yes how much have you lost so far?
How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

People want trading because they want get the profits. Actually, trading cryptocurrency in the spot or future with knowledge, experience, and also good management will be okay. However, the problem is if we are trading without any knowledge, taking loans for trading, and not learning anything before trading. These are mistakes that we make first before trading. We always expect profits, but trading in this situation will not make you profits, exce[t you are a too lucky person. And I don't believe that someboady will be always lucky every time in their life.
Moroever if trading in Binary option,this is gambling, mate.

People mistakenly believe that things will somehow workout when they begin to trade as this is the case in a great deal of the circumstances on their life, what they fail to recognize is that this happens because their friends and family members will help them in guiding them in getting good outcomes, but this kind of interference is not possible in the markets, you either know what you are doing or you do not, and if you do not then you will face tremendous losses.

[Slow death]

Reaching sometimes, he thought is now a professional who can control the real account, he went ahead and take a loan of $1.5k converting to our local currency then was about 1m. During the lockdown period he took the loan hoping to pay as we got released from the covid-19 but sorry he couldn't make it to trade out same $1.5k instead ended up emptying his account.

man I'm very surprised to know that 1500$ in your country's local currency can be 1 million, in my country it's not even 100,000 in my country's local currency, 1500$ = 90,000MT (local currency of my country) but anyway your friend you owe 1 million, that's a big amount of money that could land you in jail

So my question is; does those who started trading on binary faces this same issues?

Binary options is the same as gambling, there is nothing to trade, people are just playing. I'm sorry but I myself also years ago when I was learning to trade I once did binary options and lost my 12$ and stopped, but also later I realized that binary options is a game

And if yes how much have you lost so far?

I lost 12$, maybe I could have lost more, I only lost 12$ because I only had 12$ and these guys from binary options even call the client and insist that the person make deposits like 250$, I remember that at the time the guy from the binary options website kept calling me every day, and insisting on making deposits of 250$, something I didn't have.

How long do you think to learn to be perfect in trading generally both binary options and spot trading or any other trading?

once again: binary options are a game, don't even think about using it, as for the time to learn trade, it depends on each person, there are people who have all day to read books, videos, trading courses and there are other people that you don't have much time

[Chato1977]

I am not one of them so it is not everyone 

I love Buying but for the most? I kept Holding and very rare to trade(day trade if that is what i mean) because I am not good in TA and in giving lot of time on this.

I may called to be a HODLER? because this is much better and easy as I have extra funds to risk each time.