Why does everyone want to trade?

[LUCKMCFLY]

I think that many people want to do business for the simple fact that they see many social networks, where most of the advertising is due to trading and some influencers only dedicate themselves to showing a life full of luxuries, and obviously some of them are pure lies, who only live by selling some of their courses, but the truth is that I don't believe them, I know there are people who really want to help others and give them signs and they like it, but there are very few, at least they do It is that they demand money to do their courses, I think they are very sell smoke, it is for such a reason that for trading the best thing is to learn by reading books.

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[dunfida]

I think that many people want to do business for the simple fact that they see many social networks, where most of the advertising is due to trading and some influencers only dedicate themselves to showing a life full of luxuries, and obviously some of them are pure lies, who only live by selling some of their courses, but the truth is that I don't believe them, I know there are people who really want to help others and give them signs and they like it, but there are very few, at least they do It is that they demand money to do their courses, I think they are very sell smoke, it is for such a reason that for trading the best thing is to learn by reading books.

Most of them are just purely lying and just showing off those extravagance and luxuries in living which it would really make some glance up their eyes and been easily hooked up and getting interested on what are these

people are up to or the thing that they've been doing and this is where these dudes do really take advantage on someones lack of knowledge and also their greed.

This is what do sparks their eyes when someone do really earn huge amounts of money and once they do know that they are doing trading then they would
simply also jumps in and do really believe that they could able to achieve similar thing.

[RealMalatesta]

And that is why so many newbies lose their money to scammers, they want to avoid the learning process and this is not possible, all the expert traders which have traded stocks for decades and which are legendary for their accomplishments were not born that way, they also made the same mistakes many of us did or still do, the difference is they did their best effort to learn from them and eventually they became experts at what they do, but newbies want to skip all of this and they believe that by following signals and pump and dump groups they will reach their goals, something that we know will never happen.

That type of learning curve would take incredibly long and that means you would have to spend already limited time of your life into learning how to trade as well. I understand not wanting to learn how to trade, THAT part makes sense because I never enjoyed it neither, I ended up learning about it eventually because I spread the information into many months and even years and that’s why I learned it, but not wanting to learn anything about trading makes sense because of the insane amount of time it requires to be a master at it.

The problem is not the part where they don't learn, it’s the part they still trade even though they didn't learn how to, you can just not learn a thing and not do it as well, but you can't both not learn it and then do it, you will fail.

[sulendra12]

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

I consider binary option is similar to gambling, you just pray the price to match your decision and hoping to get money. You can still apply analysis like in trading in terms of TA and other strategies. But you can't stop loss/cut loss like in trading, so if you lose then you lose all of your wagered money. That's why I don't like it at all, it's considered a gambling imo.

And if yes how much have you lost so far?

$2, it was when secondstrade was still exist on that day and I regret it so much even though I just spent $2 on it.

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

You won't. You won't be a perfect trader even if you already experience it in next 10 years. Even master in trading can also lose because unexpected stuff happens. At least they know how to handle it with so many experience they got during every trading they did. But be a perfect at it? That's impossible.

[Ziskinberg]

snipped..

That type of learning curve would take incredibly long and that means you would have to spend already limited time of your life into learning how to trade as well. I understand not wanting to learn how to trade, THAT part makes sense because I never enjoyed it neither, I ended up learning about it eventually because I spread the information into many months and even years and that’s why I learned it, but not wanting to learn anything about trading makes sense because of the insane amount of time it requires to be a master at it.

The problem is not the part where they don't learn, it’s the part they still trade even though they didn't learn how to, you can just not learn a thing and not do it as well, but you can't both not learn it and then do it, you will fail.

In fact, we don't have a reason to push ourselves to the thing that we don't have an interest in as we only just fail and lost our money. If people are learning to trade, I could assume that their interest is strong but what exactly happened is that many of these people had turned down after suffering losses on their first try. Most of us just underestimate trading, we just think that trading is so easy so we can see that people are rushing into it especially when they saw some successful traders showing their luxuries and lots of money.

[Slow death]

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

[d3nz]

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

This is a very hard situation for all of us. We really need a lot of effort and please people to have a good job and salary that's why if you got a job don't resign and make a living with trading. It would be much better to have a job and learn trading more and get profit on it.

A lot of people are saying to hold for your asset but I think that this is an old strategy since we all know that market is very volatile and the best strategy is to always have a plan setting up a stop-profit and stop-loss would be a great tactic to survive on market.

[Lanatsa]

In the country I'm in, it's very difficult for a normal job to earn decently to be able to lead a quiet life, a salary here is equivalent to 1 day's salary in a developed country, here people have to find other ways of working and one that is very easy, but that requires a lot of knowledge is trading, however not everyone takes risks, because you always have to put money there and only in that way can you do something, but when there is risk you can lose , many people run away and do not do it, but I think that for many trading is a great option for victories, of course it requires a lot of study and dedication.

in my country the situation is also the same, to get a job in my country one needs to have friends or acquaintances or even need to have money to bribe the human resources people in the places where they need people to work, and when a person gets a job, the person will not earn much money so there is no point in taking money and putting it in an exchange to do day trade and lose everything, day trading does not make a profit, even if a person studies a lot this person will not make a profit doing day trade. buy and hold for years is the only profitable solution in this cryptocurrency market

This is a very hard situation for all of us. We really need a lot of effort and please people to have a good job and salary that's why if you got a job don't resign and make a living with trading. It would be much better to have a job and learn trading more and get profit on it.

A lot of people are saying to hold for your asset but I think that this is an old strategy since we all know that market is very volatile and the best strategy is to always have a plan setting up a stop-profit and stop-loss would be a great tactic to survive on market.

Easy to say but it would really be hard to be done considering that trading does really need time to learn and does need time for you to get deal with it.You cant just dip yourself and then just simply make out

some orders without having any considerations on applying out some analysis.Having a day job would really make things even more harder for you to deal with.This is why proper time and risk management is

something that you do really need.Speaking about on how everyone is really interested on doing trading then it is of course for the benefit of potential profits which
you could able to save up your ass with this never ending and stopping inflation and economic problems.

[Wakate]

I think that this desire is quite understandable - it allows you to make a profit. And I think it's really worth considering.

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.
There are so much risks in trading which many newbie traders have not gotten idea about because of there quest to make money but gat not basic understanding how the trading world works. People are still looking at trading as a fast way to make huge money based on what they have been hearing and results they have been seeing online.

[Sokoloau]

Everyone wants to trade to make a profit, and due to the volatility of the cryptocurrency market, short-term trading may be more profitable than investing.
But trading is not suitable for everyone. Although trading sounds easy, it will be difficult at the beginning. You need to have enough experience to observe the timing of buying and selling, and you must take certain risks.

[fauzan Ichsan]

I think that this desire is quite understandable - it allows you to make a profit. And I think it's really worth considering.

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.
There are so much risks in trading which many newbie traders have not gotten idea about because of there quest to make money but gat not basic understanding how the trading world works. People are still looking at trading as a fast way to make huge money based on what they have been hearing and results they have been seeing online.

The initial view of trading for beginners is that it is easy to make money. but after they trade, they will understand the difficulty because it is not as easy as they imagine. a lot of knowledge that must be learned including techniques and self-control as well as financial arrangements in trading. everyone will go through a process to gain trading experience, to be equipped to achieve trading for living

[QueenVera]

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.

Not them only hearing but because of the easy ways to decieve people on the internet, many new users have been exposed to the idea that all traders are making a killing of the market without realizing that most of those screenshot of profits that they see online are fake and those traders they think are succeeding are all lying.
Infact most traders we see on social media living all those luxurious life gets their money from the courses that they're selling instead of the trades that they make.
Trading isn't as easy as people make it sound, if you want to pick a profession from it then you have to be determined and not get distracted by the paid groups and signal people advertise online, stay determined and you could get something from the field.

[rozak]

Everyone wants to make money since they had been hearing that traders can make a lots of profits from trading the currency or the crypto market. Trading is very good but the major problem right away is the ability to manage our risks.

Not them only hearing but because of the easy ways to decieve people on the internet, many new users have been exposed to the idea that all traders are making a killing of the market without realizing that most of those screenshot of profits that they see online are fake and those traders they think are succeeding are all lying.
Infact most traders we see on social media living all those luxurious life gets their money from the courses that they're selling instead of the trades that they make.
Trading isn't as easy as people make it sound, if you want to pick a profession from it then you have to be determined and not get distracted by the paid groups and signal people advertise online, stay determined and you could get something from the field.

that's why many beginners end up joining paid groups to copy or follow the given trading signals. the reason is they are of course still new and don't have enough skills and analysis to get started on their own. so to still be able to trade and earn they join paid groups. although I'm sure it won't guarantee a profit either. if the loss group will blame market conditions. if the signal is accurate they will proudly call them great.

[yhiaali3]

As for me, I have not tried binary options trading at all because I think that it has a lot of risks, especially for beginners or those who trade in scam platforms, these platforms often promise investors a big and quick profit, but often these end up losing their entire money as happened with your friend, I advise new traders Stay away from binary options and use spot trading as it is less risky.
But even spot trading is not completely safe so in a highly volatile market like the crypto market it is better for novice traders to invest their money in the long term in a reliable coin like Bitcoin because it is safe and has one upside trend in the long term.

[Cryptmuster]

Many people want to try their hand at trading because they see it as an opportunity and at first it seems like it's a simple task until you get deeper into it, and then you realize how difficult it is. I only trade spot because it is safer and less risky in my opinion. Trading is not for everyone, but everyone wants to try it to see their results.

[Sayeds56]

Many people want to try their hand at trading because they see it as an opportunity and at first it seems like it's a simple task until you get deeper into it, and then you realize how difficult it is. I only trade spot because it is safer and less risky in my opinion. Trading is not for everyone, but everyone wants to try it to see their results.

Most of the people think that it is very easy to make money in trading, but the truth is that very few succeed and rest of them lose all their invested capital, (particularly in future and margin trading which is highly risky) because they jump in this business without learning technical indicators & risk and money management skills. Tading is job of professions who use technical charts to make entry and exit at the right time and as well as they secure their trades by using risk and money management tools. for beginners, it is better to trade in spot market unless they learn all required skills.

[so98nn]

There was also one problem with your friends trade and that was Timing. Since you stated he studied the whole market for entire two years with demo account and then started the real just before covid then it means he studied in pretty stable environment when shared and stocks and everything was very stable. Even the crypto currencies were doing real good.

However, your friend literally was at wrong place when he started with real money and that was covid. The pandemic actually made the economy go down severely and most of the business and companies were forced to halt the operations immediately. This affected crypto market too.

This is why your friend was not able to tackle the situation. Those who HODL during that period made good fortune. But others, dam it was pretty bad ass.

[wastagnn]

Trading is more profitable than investing and can be profitable in the short term, they want to make quick money by trading currencies.
Trading also involves taking higher risks and a lot of effort to learn and develop a trading strategy. When you understand the trading rules in the crypto market and have some experience, you can trade profitably.

[Lanatsa]

Many people want to try their hand at trading because they see it as an opportunity and at first it seems like it's a simple task until you get deeper into it, and then you realize how difficult it is. I only trade spot because it is safer and less risky in my opinion. Trading is not for everyone, but everyone wants to try it to see their results.

Most of the people think that it is very easy to make money in trading, but the truth is that very few succeed and rest of them lose all their invested capital, (particularly in future and margin trading which is highly risky) because they jump in this business without learning technical indicators & risk and money management skills. Tading is job of professions who use technical charts to make entry and exit at the right time and as well as they secure their trades by using risk and money management tools. for beginners, it is better to trade in spot market unless they learn all required skills.

When they are slapped with the reality then this is where realization do comes from.They would be still following on whats up into their minds even though its already that unrealistic but still they are really pushing

that kind of belief which is really not that possible or something doesnt really happen at all.Its true that trading could bring us money or profits but its not something that easy for you to do so.

It would really be requiring that much knowledge and experience throughout the market for you to make yourself able to stand and sustain this unpredictable market.
It cant just be possible that you could easily handle it out without experiencing lots of errors or mistakes.

[borovichok]

Trading is more profitable than investing and can be profitable in the short term, they want to make quick money by trading currencies.
Trading also involves taking higher risks and a lot of effort to learn and develop a trading strategy. When you understand the trading rules in the crypto market and have some experience, you can trade profitably.

Some people have even make it a profession to trade for lifetime. It's very easy to open and place a trade in an exchange only if one is given the right and necessary tools to start. A Crypto PDF that comprises of everything one needs to know about trading. Developing or adapting a trading strategy is good for traders, but there are several strategies in the space and we ought to take the one that's best for us. Experience also matters in trading, because it's the grand foundation of everything  a trader can know, like the usual glitch that always comes once in a while in trading, someone who haven't experienced such thing before will be panick to sell all the coins, therefore losing most of his crypto assets to ordinary glitch.