Why does everyone want to trade?

[d3nz]

I'm sure more of them will quit trading and judge crypto is not good enough for their money.

Another reason they are quitting it's because they are losing more than winning a trade. That's why education on trading is really needed to know what are the basics and strategies to win a trade.

Trading is better and most of people who are familiar with trading can get much money

This applies to people who are really professional traders since they may have a lot of technical analysis before executing a trade, risk management strategies, and trading psychology which they can control their emotions and not be attached if they lose a trade.

[carlfebz2]

But I would say that most of the new traders come to trade only by looking at the positive aspects of trading.

I don't see the downside of what new traders do as you say. from what they do and get losses, I believe they will eventually know or at least be interested in learning about the risks of trading crypto assets.
yes, maybe not all of them will get that kind of experience. after the loss, they will stay in the market. more of the beginners lose money when trading, whether it's with small or big money, I'm sure more of them will quit trading and judge crypto is not good enough for their money.

For those people who did just jump in for the sake of income and making money and on the time that they had invested and ending up on a loss then frustration and depression would really be there.
Neither these people would quit up right away or wouldnt really be that easily giving up away but rather they would be involving even more.and this is where they would really be realizing that trading
and investing on crypto isnt really simple as it sounds.

Of course we are really that aiming for the money and this is why we are here on this market.I would be that a total lie if we do really ignore and deny that we arent here
for money.Its obvious actually.

[EdenHazard]

I'm sure more of them will quit trading and judge crypto is not good enough for their money.

Another reason they are quitting it's because they are losing more than winning a trade. That's why education on trading is really needed to know what are the basics and strategies to win a trade.

Trading is better and most of people who are familiar with trading can get much money

This applies to people who are really professional traders since they may have a lot of technical analysis before executing a trade, risk management strategies, and trading psychology which they can control their emotions and not be attached if they lose a trade.

Even those professional often fails.

And those people who watch the successful trader never sees what happened behind and that's a point where things turned complicated , we get lured by the successful story but forgot to take seriously a risk behind it + the fails story as well.

[GigaBit]

Trading is better and most of people who are familiar with trading can get much money by doing such activities but I think that put little money at start but do not take loan for this because if you do not know about trading then this money can be lost and you will have to pay the person from which you have taken loan.

If you have no idea in trading, don't trade. But if you want to start trading with little money then proceed because you'll learn your way on it.
Those that are taking loans, they're doing the wrong thing because if you want to trade you should use your own money. Because if you lose, then your money is the one that lost and not the others for which you'll still need to pay for the interest.

I have seen many of my friends who have traded with loans from many places. They are in a very bad situation now. What I understand is that if you have your own money then it is safe to trade with that money. And it is big for those who trade with loans.  It will be wrong. I think if he loses money in business, if he does not return the lost money in time, he will face a lot of trouble, there may be big danger.

Investments can also be made by taking loans but there should be sufficient ways to repay the loan. If an investor takes a loan and invests in crypto and thinks that he will repay the loan after making a profit from it, he is likely to take a big risk. Interest against loans can create a huge barrier to an investor's investment if his invested money going down in his business. Ultimately his trading life may be in jeopardy. So personally i also think that an investor can invest as much as possible without any kind of loan. One should never take such burden of loans if one hopes to lead successful trading life.

[Inspiron14]

I'm sure more of them will quit trading and judge crypto is not good enough for their money.

Another reason they are quitting it's because they are losing more than winning a trade. That's why education on trading is really needed to know what are the basics and strategies to win a trade.

Trading is better and most of people who are familiar with trading can get much money

This applies to people who are really professional traders since they may have a lot of technical analysis before executing a trade, risk management strategies, and trading psychology which they can control their emotions and not be attached if they lose a trade.

Even those professional often fails.

And those people who watch the successful trader never sees what happened behind and that's a point where things turned complicated , we get lured by the successful story but forgot to take seriously a risk behind it + the fails story as well.

True because after all the reality is like that that successful traders or professional traders does not mean they never experience losses,
success requires process and this takes a lot of time too so don't focus on success stories,
Taking risks is part of the process which requires careful consideration.

[Bobrox]

Investments can also be made by taking loans but there should be sufficient ways to repay the loan. If an investor takes a loan and invests in crypto and thinks that he will repay the loan after making a profit from it, he is likely to take a big risk. Interest against loans can create a huge barrier to an investor's investment if his invested money going down in his business. Ultimately his trading life may be in jeopardy. So personally i also think that an investor can invest as much as possible without any kind of loan. One should never take such burden of loans if one hopes to lead successful trading life.

I don't good advice financial when taking loan use for trading, except have an expert with research and always in the right moment when investing then seems possibility repay loan from profit earning not from cut loss. Have the same ideas with real business where businessmen taking loan and building their project, profit later will use repay loan but there are have kinds of loan payment. Usually if loan payment in monthly I don't know how effective with loan use for trading capital, but if payment kinds yearly has potential easy repayment loan with lower interest.

[ultrloa]

I'm sure more of them will quit trading and judge crypto is not good enough for their money.

Another reason they are quitting it's because they are losing more than winning a trade. That's why education on trading is really needed to know what are the basics and strategies to win a trade.

Trading is better and most of people who are familiar with trading can get much money

This applies to people who are really professional traders since they may have a lot of technical analysis before executing a trade, risk management strategies, and trading psychology which they can control their emotions and not be attached if they lose a trade.

Even those professional often fails.

And those people who watch the successful trader never sees what happened behind and that's a point where things turned complicated , we get lured by the successful story but forgot to take seriously a risk behind it + the fails story as well.

True because after all the reality is like that that successful traders or professional traders does not mean they never experience losses,
success requires process and this takes a lot of time too so don't focus on success stories,
Taking risks is part of the process which requires careful consideration.

Who doesn't experience losses? everyone start with losing phase before they got successful careers on trading. If someone telling that they didn't experience that and all they got is win then they provably telling a lie and there's agenda beneath on what they are saying since maybe they are just fooling you and maybe ask to invest with their trades.

Taking risk is really a part of the process so we make sure that we learn from everything we do either we are losing or in winning trades.

[Rigon]

Many have the opinion that trading is simple and affordable. But it is important to understand that trading requires preparation, and without it, you simply won’t be able to make money.

People who are new to the trading platform and gain first stage by guessing trading find the trading platform easy. But they don't know that earning from trading platform is not easy earning. To trade on trading platform, a trader must follow trading strategy. If a person does not know the trading strategy then that person will never be able to profit from the trading platform. Therefore, before trading, trading must be done according to the special rules of the trading platform. Only then you can earn money from the trading platform. And especially the trading platform no one thinks is easy. Earning from trading platforms is as easy as it is difficult.

[carlisle1]

Trading is better and most of people who are familiar with trading can get much money by doing such activities but I think that put little money at start but do not take loan for this because if you do not know about trading then this money can be lost and you will have to pay the person from which you have taken loan.

If you have no idea in trading, don't trade. But if you want to start trading with little money then proceed because you'll learn your way on it.
Those that are taking loans, they're doing the wrong thing because if you want to trade you should use your own money. Because if you lose, then your money is the one that lost and not the others for which you'll still need to pay for the interest.

I have seen many of my friends who have traded with loans from many places. They are in a very bad situation now. What I understand is that if you have your own money then it is safe to trade with that money. And it is big for those who trade with loans.  It will be wrong. I think if he loses money in business, if he does not return the lost money in time, he will face a lot of trouble, there may be big danger.

Investments can also be made by taking loans but there should be sufficient ways to repay the loan. If an investor takes a loan and invests in crypto and thinks that he will repay the loan after making a profit from it, he is likely to take a big risk. Interest against loans can create a huge barrier to an investor's investment if his invested money going down in his business. Ultimately his trading life may be in jeopardy. So personally i also think that an investor can invest as much as possible without any kind of loan. One should never take such burden of loans if one hopes to lead successful trading life.

Good point, if you take your loan to invest with crypto and the market didn't materialize according to how you expect it, the
chance that you will lose a lot is possible.

Taking loan is not a good start, though if you trust your knowledge about the business and you do have a high confidence with
your skills, chances are also decent to use the loan in a profitable way.

Depending to how you understand and how good you are in dealing with your research, trading is a good place for
people who are keen in learning the right process.

[Mr.right85]

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?

This is funny. Somehow, you just got to believe it would end in a gross lose. You didn't state it that way and apparently, everyone has got to lose some amount to trading but, some could profit as well though rear. The thing is, certainly, someone is making profit on them loses.

Anyway, I don't trade binary so, I can't really comment on that but, your friend seems to have done most things right from what you've stated in OP. Having Having start his trading on a demo account and handling it good for about 2years. That's good for some experience except, there are some aspects to trading that are usually of less concern on a demo trade. That is,

- The amount of risk one gets to take
- The tension in the market
- The reality that funds could be lost for real and in your friend's case
- The fact that, his trading on a loaned capital. That's a different kind of pressure entirely.

A bold move maybe but, the teary part is always at the corner. Hope his been able or a least meeting up with settling his credit score. Perhaps his learned a lesson from his being too ambitious.

[Mahanton]

Many have the opinion that trading is simple and affordable. But it is important to understand that trading requires preparation, and without it, you simply won’t be able to make money.

People who are new to the trading platform and gain first stage by guessing trading find the trading platform easy. But they don't know that earning from trading platform is not easy earning. To trade on trading platform, a trader must follow trading strategy. If a person does not know the trading strategy then that person will never be able to profit from the trading platform. Therefore, before trading, trading must be done according to the special rules of the trading platform. Only then you can earn money from the trading platform. And especially the trading platform no one thinks is easy. Earning from trading platforms is as easy as it is difficult.

Sooner or later they would be able to realize on whats the truth when it comes to trading.It might really look simple on the time you do first time saw it but on the time that you are putting up on the waters of trading world then you would really be able to find out that it wasnt really that easy at all.Guessing the price entry points whether you do buy or sell is never been that a piece of cake.
This is the main questions on most people here on the market and since to market unpredictability then there's no way that you could able to determine those sweet points.
Trading isnt for everybody and its really hard to deal with but its not impossible for you to have a good grasps.

[GeorgeJohn]

From my understanding of trading everyone have different method and strategies they apply in trading and these is dependable on the way the person understand it's ways of trading. And it's the reason while some people are prosper in trading and some people are not prosper in trading. Because those who prosperous towards the trading have a key or method they operate that always land them into profit. So trading have to do with personal understanding and knowledge to make it work out

[Altryist]

 Here you can immediately see two mistakes that your friend made, the first mistake is trading on a demo account. Remember, trading on a demo account has nothing to do with trading with real money, any experienced trader who has tried it will tell you that. The second mistake is that he took a loan for trading, a number of consequences follow from this, as a debt obligation, he understood that he must trade with a profit in order to pay off the loan, this could provoke him to act hastily and as a result more mistakes and loss of deposit.

[martyns]

Here you can immediately see two mistakes that your friend made, the first mistake is trading on a demo account. Remember, trading on a demo account has nothing to do with trading with real money, any experienced trader who has tried it will tell you that. The second mistake is that he took a loan for trading, a number of consequences follow from this, as a debt obligation, he understood that he must trade with a profit in order to pay off the loan, this could provoke him to act hastily and as a result more mistakes and loss of deposit.

Trading is not everyone's ambition but with determination, discipline and consistency, it's definitely going to be an easy race to earning profits daily from the market. I can give accounts of countless number of times I tried trading but always quit or suspend it due to the heavy loss I recorded on my spot account. Even when I try switching to futures trading, it was very complex for me and I also dropped everything concerning trading with the mindset that it was not my thing, but with tweets from Changpeng Zhao and Elon Musk, I bounced back to the market after a long time learning how the entire operation in the market operates. Everyone sees trading as a source of income, that makes them to be desperate for profits and leads to them been victims of Ponzi scheme and scammed projects.

[bittraffic]

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?

This is funny. Somehow, you just got to believe it would end in a gross lose. You didn't state it that way and apparently, everyone has got to lose some amount to trading but, some could profit as well though rear. The thing is, certainly, someone is making profit on them loses.

Anyway, I don't trade binary so, I can't really comment on that but, your friend seems to have done most things right from what you've stated in OP. Having Having start his trading on a demo account and handling it good for about 2years. That's good for some experience except, there are some aspects to trading that are usually of less concern on a demo trade. That is,

- The amount of risk one gets to take
- The tension in the market
- The reality that funds could be lost for real and in your friend's case
- The fact that, his trading on a loaned capital. That's a different kind of pressure entirely.

A bold move maybe but, the teary part is always at the corner. Hope his been able or a least meeting up with settling his credit score. Perhaps his learned a lesson from his being too ambitious.

Binary trading can be a good way to make money but a binary trader might wanna start with EUR/USD because seeing the price of USD go up in this market pair, there is a chance that USD will also go up in the pair BTC/USD which is what the binary in crypto that his friend wants to try out. This could just be a theory though.

It's riskier if the funds he have was from a loan. Binary trading doesn't need that much, as a trader can bet as low as $1. You won't need to loan for this.

[LUCKMCFLY]

I believe that a person who wants to enter the world of trading is hoping to earn a lot of money, and that is false, if you can earn a lot of money but betting in the long term, and you can do it if you have very good analysis in everything, that is, there are something to know, and most of the people who enter it are to earn quick money, it can lead you to failure, so you must be very careful in how you operate, I have seen how many people enter to operate and leave with a very bad experience, because many Sometimes they liquidate their accounts and end up burning them, so that's the bad thing, they should know how to do it.