Why does everyone want to trade?

[Desmong]

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.

We are not trading binary here. What we do here is to talk about crypto currency trading and the binary you are talking seems to be about the currency market. Anyone that uses the market demo account to learn how to trade and go live and loses everything should go live again to build his trust and confidence so that he will be able to know the differences between demo account and live account.

[1715067967]

1715067967

[1715067967]

1715067967

[1715067967]

1715067967

[carlisle1]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

The mistake of many is that they think precisely that, and for some it is very easy to put money in and start investing to see if they can win by sheer luck, and I could be sure that they will get some results, but if they leave it all to the luck will not go well for you, because at some point that good luck will run out and when you start doing things or trading it is more difficult to quickly learn technical and fundamental analysis at the same time, then it is most likely that you can lose funds little by little , that is why for trading you should study a lot and learn every day, it is something normal, that is why for trading it should not be taken as in gambling.

If they will do it based on luck chances that along the way they will be burned and all their investment will be sucked away from them, a miscalculate or a little mistake with your position can result in losing all your money.

Investment or trading is not an easy task, but a big challenge with your understanding. The market is so wild and only those who, really
wanted to push forward will attain success.

Don't fall with such alluring promises, but instead, start working with your research and study how the industry works
and find your own ways to learn deeper. It will direct you to your own success.

[xSkylarx]

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.

We are not trading binary here. What we do here is to talk about crypto currency trading and the binary you are talking seems to be about the currency market. Anyone that uses the market demo account to learn how to trade and go live and loses everything should go live again to build his trust and confidence so that he will be able to know the differences between demo account and live account.

I haven't noticed a binary trading in crypto , it is really for currencies and indices which is also kind of gambling type of trading, You will select what time frame and you will guess or try to predic when that last candle closes, if it is in red or green. We always start on a demo account to practice our strategy that is mostly we do but if you really want to deposit money then its okay but still when you are just practicing or testing your strategy i am sure you will lose but still you can learn from it.

[3CommasBot]

Everyone wants to trade because it is a form of investment and another way to achieve financial freedom or at least a passive income to help us generate extra income.
Binary option trading is banned in many countries because it is considered pure gambling, as discussed here.

My advice would be to start investing or trading and do it in an automated way, using bots. Start in spot and gradually move up to margin and futures (if you wish). I personally use 3commas and you can learn a lot if you ask the community and specialize in programming your own bots.

[milewilda]

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.

We are not trading binary here. What we do here is to talk about crypto currency trading and the binary you are talking seems to be about the currency market. Anyone that uses the market demo account to learn how to trade and go live and loses everything should go live again to build his trust and confidence so that he will be able to know the differences between demo account and live account.

I haven't noticed a binary trading in crypto , it is really for currencies and indices which is also kind of gambling type of trading, You will select what time frame and you will guess or try to predic when that last candle closes, if it is in red or green. We always start on a demo account to practice our strategy that is mostly we do but if you really want to deposit money then its okay but still when you are just practicing or testing your strategy i am sure you will lose but still you can learn from it.

Binary trading or can be considered as options trading is really indeed a gamble.Lets say that you do apply trading strategies but this is something that cant just be easily be precise because this would really be involving few seconds trades on where prices could go whether going up or down.This is why its really that hard to make out high precision type of trading with this kind of set up.
Speaking about on why people does really love to trade then this is something talks about making profits on shortest time as possible without even realizing that trading isnt something
an easy way or path for them to take to make things possible.They are really just that impulsive on what they do see around.

[sana54210]

Binary trading or can be considered as options trading is really indeed a gamble.Lets say that you do apply trading strategies but this is something that cant just be easily be precise because this would really be involving few seconds trades on where prices could go whether going up or down.This is why its really that hard to make out high precision type of trading with this kind of set up.
Speaking about on why people does really love to trade then this is something talks about making profits on shortest time as possible without even realizing that trading isnt something
an easy way or path for them to take to make things possible.They are really just that impulsive on what they do see around.

Not just "could be considered" but full on gambling and there is no consideration. I mean who would do binary trading without realizing that you could literally lose all of your investment in a single second right after you invest? It is such a huge risk that even 1% could end up with making you lose all of your bet, and that is why it's risky.

I personally would never do either high leverage (like 150x or so) and will keep to max 5x leverage, or binary neither, they are both horrible in my mind. Spot trading and even long term investment is the way to go for me. But these people do make huge returns if they are right, so there is this love for it.

[EdenHazard]

Most of us lured by the successful story .

We wanted the same thing happened to us especially those trader who live in glamourous lifestyle , as they earned money easily through some clicks ... they spent it easily as well , that is the bad part but that is the most reasons i witnessed around, unfirtunately.

[Insanity]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

[rendravolt]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

Most people think it's a trivial thing, but if you don't have the experience that comes from those mistakes it will be difficult for anyone to thrive in trading. The basic thing that needs to be done is to learn about trading wisely, you don't need to make hasty decisions and you have to know the latest information about the coin being traded, these are absolute things that a beginner should have in trading.

[Cling18]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

Most people think it's a trivial thing, but if you don't have the experience that comes from those mistakes it will be difficult for anyone to thrive in trading. The basic thing that needs to be done is to learn about trading wisely, you don't need to make hasty decisions and you have to know the latest information about the coin being traded, these are absolute things that a beginner should have in trading.

Those who fall into trading without having enough knowledge about it are those people who have seen or heard stories about successful traders to gained huge profits from it which made them believe that trading is a shortcut to success. We all know that having the wrong mindset toward trading will surely end up in greed which could result in losses in the future. Trading is a broad thing and it's a never-ending learning process so doing it without complete knowledge will be financial torture.

[Zanab247]

 Crypto trading is not something that you will invest today and start earning money without having the knowledge of the simple strategy in the community, buy when the price is low and sell when the price is high in the market. Don't, forget to invest amount of money you can afford to lose because using loan to buy bitcoin is not advisable because it will make you to end up in trouble when the price remain low till the expiring date of the loan you collected.

[Sayeds56]

~Snip

Simply put the average person wants to trade to make a profit. They hope the market gives them a return that is commensurate with the risk they are considering, but I don't think they will all hit their return for good. But since market volatility is unavoidable, it is not right to recommend someone to trade just because the market allows them to make profits, and losses must also be real for the trader.

People would be mostly be minding about on how on making money with trading or via with this method.Yes,its really that possible
but the main question is, how long you would survive?  

It will vary greatly from one trader to another, if they understand and are capable enough to apply their trading skills then they will probably last longer than leaving after the first loss.

When new traders  jump in market without any proper training & basic knowledge of Technical indicator/risk management,  they suffer losses consistently because they take high leverage position and eventually they quit and never come back. Though professional traders do suffer losses sometime, but their most of trades end up in profit because they use appropriate tools to manage risk which I think is most important for traders.

[rojan]

Crypto trading is not something that you will invest today and start earning money without having the knowledge of the simple strategy in the community, buy when the price is low and sell when the price is high in the market. Don't, forget to invest amount of money you can afford to lose because using loan to buy bitcoin is not advisable because it will make you to end up in trouble when the price remain low till the expiring date of the loan you collected.

I think it's not right to invest risk. If you don't have a good idea about investing, then you will have to go through many problems. Therefore, the right time to invest is when the price of the coins is low, then you should buy the coins. After buying the coins, the price of the coins may go down, if it goes down, then there is no reason to worry, when the price of these coins will increase, you will have to sell them.

[tygeade]

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

Most people think it's a trivial thing, but if you don't have the experience that comes from those mistakes it will be difficult for anyone to thrive in trading. The basic thing that needs to be done is to learn about trading wisely, you don't need to make hasty decisions and you have to know the latest information about the coin being traded, these are absolute things that a beginner should have in trading.

I do agree that it takes time for people to build some experience with those mistakes, sometimes making it just once doesn't really give you the whole thing, so you need to end up with a bit more, and that's a bit more understandable.

I know that it is not going to be easy for people to just focus on how they could make a profit when there are losses everywhere, but you should not make the same mistake more than like 3 times. That would be the most amounts that is acceptable, after which point you should be capable of saying "ah! that's the problem, alright." and move on. If you can't do it, then get help, ask people what's wrong and learn about it.

[xSkylarx]

Crypto trading is not something that you will invest today and start earning money without having the knowledge of the simple strategy in the community, buy when the price is low and sell when the price is high in the market. Don't, forget to invest amount of money you can afford to lose because using loan to buy bitcoin is not advisable because it will make you to end up in trouble when the price remain low till the expiring date of the loan you collected.

I think it's not right to invest risk. If you don't have a good idea about investing, then you will have to go through many problems. Therefore, the right time to invest is when the price of the coins is low, then you should buy the coins. After buying the coins, the price of the coins may go down, if it goes down, then there is no reason to worry, when the price of these coins will increase, you will have to sell them.

How would you know if the coin's price is already low? Before investing, try to learn first by reading books and watching tutorial videos before jumping to conclusions. Also, keep in mind that if you believe the coin is already at its all-time low but it continues to drop, you'll start losing profit on it, which means you'll need to practice a risk-reward ratio so that you don't lose all of your money in a single trade. Knowledge is power; try to learn it first before throwing your money.

[carlisle1]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

Trading is not as easy as you think it was, but for people who will spend time to learn deeper about this about the business
they can have that good chance to succeed. There are many available sources of information,

All you have to do is to sort it up and try to practice if what kind of system and patterns that will work according to how you will
approach your trading journey,.

We can not tell what future will be there for us when we start our journey, but the driver of our fate is our own knowledge about the
venture that we are trying to travel.

[rozak]

It seems to me that many simply mistakenly believe that trading is very simple and can bring profit without much effort. But in fact, to make money in this industry, you need to study a lot. When I started working with a broker from Amarkets, I paid enough attention to working on a demo account.

Those who think that trading is very easy and that anyone can make money by trading in a new platform, those who do it, this is not a wrong idea. If you want to make a profit by trading, you must have an idea about the trap and keep an eye on the market when the price of a coin increases.  You have to keep an eye on it and trade after that. I think trading is not as easy as people think.

Trading is not as easy as you think it was, but for people who will spend time to learn deeper about this about the business
they can have that good chance to succeed. There are many available sources of information,

All you have to do is to sort it up and try to practice if what kind of system and patterns that will work according to how you will
approach your trading journey,.

We can not tell what future will be there for us when we start our journey, but the driver of our fate is our own knowledge about the
venture that we are trying to travel.

but I'm sure not everyone likes trading. although there will be more and more people trying to trade even though, in the end, they choose to be holders.
in short, trading can bring us small profits in a short period. of course, those with relatively small capital will be more interested in trying trading than long-term investments.

[jossiel]

I am sure that everyone does not want to be engaged in trading as much as to earn good money. I think that this is what drives those who want to try their hand at trading.

Everyone who engages in trading has only one goal and that's to make money. Well, the other goal might not be earning money for the beginners and it's just plainly want to learn and experience it.

But eventually, the main reason and goal comes out and that's all about none other than making money. That's straight up reason and for sure no one will deny for that particular reason why they trade.

[Falconer]

Everyone who engages in trading has only one goal and that's to make money. Well, the other goal might not be earning money for the beginners and it's just plainly want to learn and experience it.

But eventually, the main reason and goal comes out and that's all about none other than making money. That's straight up reason and for sure no one will deny for that particular reason why they trade.

The main goal is still about making a profit, nothing else. If the real purpose of trading is to gain knowledge or learn, then they should start with a demo account or maybe not use real money right away. Trading is a risky activity, so it should not be attempted or undertaken out of curiosity.

Without a clear goal, the best advice for them is to invest instead of trade. Being a trader is complicated, especially if they want to make consistent profits every day. Really I admit it is really difficult to achieve.

[Awwal08]

The reason why people are trading is all about making money. People love money very well and they will do anything possible to make money. Quit alright trading is a way of making money but still not everyone will succeed through that means, but some still don't believe in that.