Why does everyone want to trade?

[Distinctin]

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.

Trading brings inevitable losses, but it’s also one of the best ways to gain and accumulate profits. That is why a lot of aspiring traders want to start trading and expect quick profits. But real trading is actually hard and complicated, that’s why if we want to be successful in trading, we must learn it the hard way. And with experience that become skills in the process, we can make trading a successful and profitable in the end.

[GeorgeJohn]

Binary is pure gambling and nothing less. Demo accounts of most brokers are setups for newbies in trading to feel confident of what ever strategy they chose. Even the forex market has become very manipulative by this same brokers. There is no strategy that can fit into binary option if one wins a trade it is purely luck and no strategy at all. Demo is not a guarantee that one has mastered the act of trading and trading on Binary is no trading at all.

Do you know while anything concerning trading should not be consider as a gamblling, is that trading have its skills of operating, and you most understand it's methods before you can be as well began to make profit, so that is while it's necessarily been told to understand the rudiments of trading before you can trade, and trading always be good or nice to a trader when you trade with what you can afford to lose.

While in the aspect of gambling, it comes with luck and prediction and sometimes your prediction will not come to pass, and secondly gambling doesn't have a skill and everyone can be part of it because it's doesn't require a deep calculation.

[Alisha-k]

Trading has been going on since ancient times when there was no concept of fiat money & people used to trade grains, live stock & precious metals by using bartering system but now world has change and everything can be traded online by using credit cards & crypto currencies.

Some people do trading to diversify their investment portfolio or to hedge their assets against potential risk & the new comers in market think, that there is easy money in trading which is not true at all, it needs experience and expertise which comes after proper training, then you start making some money.

Easy money in trading is the deception many non-traders who might have seen a few successful trader live comfortable with trading start feeling it is a game of rosy adventure. New comers are even much better because the get their orientation corrected as soon as the begin their trading journey. Experience is so paramount to have at least a 40% profit margin on total trades. Expertise comes with time and steady study. Making money in crypto starts with Learning and grows to Patience and discipline.

[macson]

snip

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.

first of all, binary is not trading, it is gambling under the guise of trading.  i see the majority of binary players end up losing and even many of them fall into poverty because they are in debt due to being stuck with binary.  i used to be a binary player but i was lucky to be able to stop because I realized that the possibility of winning in binary was very small.  i'm sure your friend feels very suck because he borrowed money just to play binary but ended up with a painful defeat.

[xSkylarx]

snip

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.

first of all, binary is not trading, it is gambling under the guise of trading.  i see the majority of binary players end up losing and even many of them fall into poverty because they are in debt due to being stuck with binary.  i used to be a binary player but i was lucky to be able to stop because I realized that the possibility of winning in binary was very small.  i'm sure your friend feels very suck because he borrowed money just to play binary but ended up with a painful defeat.

Binary isn't purely gambling; you also still need to use strategy to win since the time frame used there is in seconds, so you'll need to predict when the next candle will end. It is really stressful since you are doing gambling at that time. I've tried it before; you can make money from it, but only with luck; it's difficult to predict what the next candle pattern will be, and it's a guessing game; though I have online friends who prefer doing it because if you win, it's easy money and fast, it's not working for me, so I'd like day trading. 

[TheGreatPython]

first of all, binary is not trading, it is gambling under the guise of trading.  i see the majority of binary players end up losing and even many of them fall into poverty because they are in debt due to being stuck with binary.  i used to be a binary player but i was lucky to be able to stop because I realized that the possibility of winning in binary was very small.  i'm sure your friend feels very suck because he borrowed money just to play binary but ended up with a painful defeat.

In spot trading, there is still a gambling involved here but the risk is much lesser compared to binary since binary is mostly about predicting. Spot trading do also involved predicting the prices of the coins but there are so many things that we add in here in order to make our trades more winnable. If we noticed that we are losing then we should learn how to stop.

We can learn more about it and try again to see if there are any improvements. If not then we can venture into other activities. There's no point of sticking on one thing if the results are not in our favour because that will only destroy our lives. Borrowing money isn't also advisable even in spot trading.

[Peanutswar]

Of course, all of us want to trade because of the different factors of influence and one of these is social media there are a lot of people sharing their trading journey and also if you want to earn at the same too while in their houses but of course there's another factor with it if you don't have a proper knowledge it's really takes time to make an investment with it, In trading you have an option it could be a short or a long term of trading, in short term there's a designated time only but in long term you are holding for a months or years it depends on how you make trade.

[Okereke]

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.

The simple truth is everybody wants to trade because they believe once they trade, they will make a lot of profits. Traders, especially newbies feel this way especially when they see others making it big from trading. But so far, I think spot trading has lower risk compared to other trading options.

[carlisle1]

Of course, all of us want to trade because of the different factors of influence and one of these is social media there are a lot of people sharing their trading journey and also if you want to earn at the same too while in their houses but of course there's another factor with it if you don't have a proper knowledge it's really takes time to make an investment with it, In trading you have an option it could be a short or a long term of trading, in short term there's a designated time only but in long term you are holding for a months or years it depends on how you make trade.

You want to trade for a common reason, to earn money but like what you said it isn't easy as you need to know all the basic fundamentals before
you proceed with your investment.

There are many people who lose their money in this business those who thinks that trading is just an easy journey where you can
quickly earn money.

There are many ways to earn both long and short will going to depend on the strategy that you are following to execute your trade.

[milewilda]

Of course, all of us want to trade because of the different factors of influence and one of these is social media there are a lot of people sharing their trading journey and also if you want to earn at the same too while in their houses but of course there's another factor with it if you don't have a proper knowledge it's really takes time to make an investment with it, In trading you have an option it could be a short or a long term of trading, in short term there's a designated time only but in long term you are holding for a months or years it depends on how you make trade.

You want to trade for a common reason, to earn money but like what you said it isn't easy as you need to know all the basic fundamentals before
you proceed with your investment.

There are many people who lose their money in this business those who thinks that trading is just an easy journey where you can
quickly earn money.

There are many ways to earn both long and short will going to depend on the strategy that you are following to execute your trade.

We do share up with that one common reason which is to make profits or simply makes money and this is the sole reason on why people do really jump into trading and believe that it would really be somewhat
they could make themselves able to be successful.Although it  wont really be that an assurance but you wont be able to know unless you do try.Thing here is that you shouldn't really make yourself
that too hopeful nor really that too positive when it comes to things because handling out yourself on a volatile and unpredictable market is never be going to be easy.
You would be really need to be careful and of course setting out those precautionary and risk taking actions most of the time.

[Crypto Library]

In my opinion, I think everyone wants to trade by looking at the outside of trading to get a big profit in a short period of time. And in this case most people face scams and losses. And in this case, those who are a little more greedy go towards futures trading , in the initial stage before that they depend on various signals and light analysis and pounce on it and then they eat their completed fund. Actually trading looks very easy as profit is achieved only through trading. In order to become a successful trader you need to spend years on analysis and learn to read when the flow of candles, and after then jump into trading may you will be able to profit.

[GreatArkansas]

(....)
Some people do trading to diversify their investment portfolio or to hedge their assets against potential risk & the new comers in market think, that there is easy money in trading which is not true at all, it needs experience and expertise which comes after proper training, then you start making some money.

The people thinking that trading is easy money are for sure driven by hype by some so-called "influencers" or "content creators" on the internet right now, like on different social media or Youtube.
This is very difficult for new people, they may lost their hard-earned money by this.

[Minor Miner]

snip

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.

first of all, binary is not trading, it is gambling under the guise of trading.  i see the majority of binary players end up losing and even many of them fall into poverty because they are in debt due to being stuck with binary.  i used to be a binary player but i was lucky to be able to stop because I realized that the possibility of winning in binary was very small.  i'm sure your friend feels very suck because he borrowed money just to play binary but ended up with a painful defeat.

Binary isn't purely gambling; you also still need to use strategy to win since the time frame used there is in seconds, so you'll need to predict when the next candle will end. It is really stressful since you are doing gambling at that time. I've tried it before; you can make money from it, but only with luck; it's difficult to predict what the next candle pattern will be, and it's a guessing game; though I have online friends who prefer doing it because if you win, it's easy money and fast, it's not working for me, so I'd like day trading. 

Agree, binary options still call for trading, but since it is too risky and there are very few people who can win and profit from it, it can be said that it is no different from gambling. But honestly, we should stay away from it, I have seen many people join, and even though I have tried it, it gives me the feeling that I am gambling rather than trading, and I have never won. If you want to trade, use spot trading or if you're going to take more risk for more profit you can choose to trade futures, don't touch binary options.

[iv4n]

In my opinion, I think everyone wants to trade by looking at the outside of trading to get a big profit in a short period of time. And in this case most people face scams and losses. And in this case, those who are a little more greedy go towards futures trading , in the initial stage before that they depend on various signals and light analysis and pounce on it and then they eat their completed fund. Actually trading looks very easy as profit is achieved only through trading. In order to become a successful trader you need to spend years on analysis and learn to read when the flow of candles, and after then jump into trading may you will be able to profit.

As you wrote in the first sentence, people are looking to get a bit of profit, and if it's possible in a short period of time. And that's why trading is temptation,  it can really be profitable, in some bullish periods it can be very quick, but it's not something you count on like it's a definite thing.

I guess some people learn how to trade over some period of time, but at the same time, there are people who will never learn how to trade... simply trading is not for everyone!

[Franctoshi]

Just looking at trading from an outside point of view , basically newbies or people that hasn't traded at all,  it looks like the most simplest and easiest way of earning money, because you necessary don't have to do hard physical work to actually start earning money, So this makes it look so attractive for people to want to trade. While in the real sense it not so , only easy for people that understood the game.

[xzy887]

Just looking at trading from an outside point of view , basically newbies or people that hasn't traded at all,  it looks like the most simplest and easiest way of earning money, because you necessary don't have to do hard physical work to actually start earning money, So this makes it look so attractive for people to want to trade. While in the real sense it not so , only easy for people that understood the game.

Actually said a true thing. People who are new to cryptos run after trades first, they think that it is easy to earn money from trading. And they spend their money on trading without understanding anything about it. And they lost all their money in a few days and completely disappeared from the crypto currency world. I think they are stupid. Those who want to trade should first acquire good knowledge about trading. Unnecessary trading will only lead to loss which causes disappointment in his life.

[len01]

Just looking at trading from an outside point of view , basically newbies or people that hasn't traded at all,  it looks like the most simplest and easiest way of earning money, because you necessary don't have to do hard physical work to actually start earning money, So this makes it look so attractive for people to want to trade. While in the real sense it not so , only easy for people that understood the game.

there is another reason that makes novice traders think trading is an easy way to make money, namely, because now almost everyone knows what bitcoin is and they know the price of bitcoin is very expensive.
so if someone who doesn't really understand trading but already knows the price of bitcoin and after that is persuaded someone to trade somewhere they always think it's very profitable.
so it's all about profit.

[Chrlie95]

Trading, whether it's binary options, spot trading, or any other, is a tough and often risky game that requires a combination of brains, experience, and self-control. It's normal for traders, especially newbies, to take some lumps as they learn and improve their skills. It's not the same as gambling because it takes more than just luck to succeed.

[Eureka_07]

<snip>

I'm sure not everyone wants to trade.
A lot wants to trade probably because they want to earn, but are not initially aware that trading is more complicated that what they thought. Potential profit is the peak reason why everyone do wanted to do it. On the other side, those people that has not a good run on it probably already stopped.

[Zanab247]

There are two things you cannot avoid in crypto trading which are loss and profit, you trade to make profits or you trade to experience loss which is part of some of the things that made people to like trade in the community. Many traders in the community trade to make a huge amount of money but sometimes they ended up not achieving anything than to learn more from their losses to improve in future. I guess, Many traders will not use loan to invest in this bear market than to use the little they have to invest and hold for the price to change positively before they can visit market to earn something good.