Trading can ruin you

[KingsDen]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

It is only when you understand that trading is not all about buying low and selling high, that you can be successful in trading. There are a lot of things that are associated with cryptocurrency trading. Apart from knowing the charts or knowing both the fundamental analysis and technical analysis. There are other things that associated with trading, such as emotion, financial management and lots more that one needs to study and get acquainted to before they will begin to make profit in cryptocurrency trading.

Those who loses all they have  in the name of trading are the ones that will say that trading ruined their life. If you should ask how, you will be surprised that these people did not know how to trade. There trading is a kind of gambling where you choose if a coin will appreciate or depreciate at a time. When you keep making these choices without some basic analysis to back up your choices, you will keep making the wrong choices and in the end you blow up your portfolio and blame it on trading. Only those who have the patience to learn how to trade make profit in the long run.

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[gabbie2010]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

That is why 95% of traders are losers some newbies often have the mindset of earning quick money and get rich scheme that is why they ventured into trading not knowing that trading is very risky a lot of traders got their account liquidated as a result of lack of skill and knowledge, trading requires a lot charting time as well as learning fundamental and technical analysis infact there is also sentimental analysis all put together by a trader to have an edge over the market, I am also a trader who had some bad experience both in crypto and forex trading however with time I was able to correct some of my mistakes and try to work on my trading psychology.

[TheSpiral]

For the difference between gambling and trading is to understand that there is no role of luck in your achievement just talent will be worthy if you use. When a person get profit again and again then he should not use all profit sum because sometimes with continuous winning you don't remember that when you take a wrong decision and loss your whole amount in a single try.

There are some strategies through which trader win smoothly but in gambling no strategy will work for you. Ruining your money is in your hand that if you keep checking the price and use a strong coin then you can win but if you select any coin blindly like that of bet in gambling then you cannot save your money any more.

[carlfebz2]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

That is why 95% of traders are losers some newbies often have the mindset of earning quick money and get rich scheme that is why they ventured into trading not knowing that trading is very risky a lot of traders got their account liquidated as a result of lack of skill and knowledge, trading requires a lot charting time as well as learning fundamental and technical analysis infact there is also sentimental analysis all put together by a trader to have an edge over the market, I am also a trader who had some bad experience both in crypto and forex trading however with time I was able to correct some of my mistakes and try to work on my trading psychology.

Yes, this number or percentage is really that known specially on forex/stocks trading on which trying to point out to those people who do succeed on this market on which i can say that it is really that accurate. Trading

is never been simple and doesnt matter whether you do deal on a stable market or volatile such as crypto on which there's no assurance that you could really be able to make money or profitable trades without having those acquired skills that you have got on that real experience. Trading could really indeed ruin you if you do let yourself that being too careless in regarding on  dealing with it. Newbies are the only ones who do think up initially that this is some sort of easy internet money that they could generate.

Trading isnt gambling but if we do speak about risks then it does have that risks on losing too.It might not really just that as fast as gambling or as risky as gambling but still it does really have that
chance on losing all the money that you do ahve if you are really that careless. This is why you should really be still that mindful about your spending
every single time.

[pixie85]

I agree with you OP and the reason for that is that people often can't do math and they don't realize how much they're really making (or losing).
Let's take trading 1 BTC. Most people think that they'll buy 1 bitcoin, wait for it to go up $200 or 300 and sell for easy money. Bitcoin often does these moves so we should all be trading to get second income, right? No! Exchanges have their fees and if the fee is 1% and bitcoin costs 26000 that's $260 and you pay that twice, when you buy and when you sell.

Now a newbie thinks about it and answers - fine, so I need bitcoin to pump by $600 and I'll make money. Technically yes but is it worth it? You're risking 26000 to earn $80 and then you have to withdraw. Even if you withdraw to your wallet and there's no exchange withdrawal fee you'll probably pay $5 for the transaction.

If you decide to cash out at an ATM that's going to be another 2% so about $15.
You waited for bitcoin to go up $600 for a few days and put 25000 on the line to get $60 in cash. Congratulations.

[CarnagexD]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

[Awaklara]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

[HONDACD125]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

In my opinion, new people should not be intimidated so much that they stop taking interest in trading. As investment is for long term, and profit is not likely to come soon, while trading you can get good profit in short time. Therefore, people come more towards trading for quick profit, but trading can only be done by very experienced people who have complete mastery of the market. Of course newbies can be ruined by trading, but with a good strategy they can also make good profits.

Trading involves more risks than investing, but these risks can be minimized if certain precautions are taken. For example, most people don't use a stop loss after trading, which puts them at risk of losing more if the market falls. Therefore stop loss should be used in all cases to minimize the loss. Always trade in good and strong coins. Never trade with all your capital. So that you are not out of the market in case of loss. Thus, there are many steps that you can take to protect your capital from being destroyed in trading, and new people will be able to earn something from trading.

[milewilda]

If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

All of us do really experience this because we would really be that once a noob on the time that we do decide on taking up this type of career on which tends to trade or simply dealing with this volatile market on which we know that its never been that simple. Speaking about books and videos then it is really that also a considerable act to be done while you are starting but the rest of the learning would really be definitely be acquired through real experience and this is something that people should really be focusing into because if you do find yourself that being rushed on learning everything on short span of time then you would really be making yourself
that prone to lots of errors. Trading can ruin you? Of course it can but it is somewhat that could really be lessen or decrease as you do really go ahead and get that sufficient experience on which it would really be leading out on sustaining yourself with this volatile market.

[tygeade]

I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.

Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.

The difference is "wanting to learn how to trade" versus "wanting to learn how to get rich" you can even add "quick" to the last one. If your entire aim is to learn how to get rich then I am sorry but you are not going to be learning trading all that well, you are not going to be interested in learning how to be a good trader. Your only goal would be learning quickly whatever you need to learn before you start making a lot of money.

But, if your goal is to learn how to trade and be a good trader, then money will come in later because you are going to be good at it. I understand that life is not all that simple to give people enough time, some people are making small amount of money and still do not have enough time, but that doesn't mean that you should be aiming at making a profit and not learning how to trade.

[Stable090]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

How will you just jump into something you don’t have much knowledge about? If you can jump into trading, then you are going to jump out because you will end up losing everything you have. Some people take trading as something they can easily start, and they will be making money easily without risk, but if you are starting to learn how to trade, you will be losing enough money. That’s why everyone who’s learning how to trade should do that with just a little amount, don’t start with a big amount that’s going to affect you after losing.

When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Even some experienced traders are scared of future trading. I don’t recommend anyone go into future trading because it has done more harm than good. You can lose all your money within a few hours or minutes in future trading. There are some professional traders that only focus on spot trading, they don’t try future trading because they know the risk that’s involved in it. Any newbie that’s trying to learn how to trade with the future's is just doing it because of the high reward in it, and the person might end up losing everything at the end.

[lienfaye]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it

Trading is indeed challenging, but to become profitable depends on a trader's knowledge and skills. Most times profitable is not really accurate, if this is true then I should stick to it rather than switching to be a long term hodler. Because not all are successful, though some traders are really gaining decent profit. But even you're an experienced trader already, it doesn't mean you won't face any losses since sometimes it's inevitable.

So trading can ruin you if you started your journey without knowledge, it's like you're just guessing (more like a gambling). Thus it's crucial to take time to learn and gain experience before trying to trade with a huge amount.

[Bitcoin_people]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is always profitable only if one is able to analyze market strategies. Moreover, many times when market volatility occurs, successful traders also face great challenges and risk losing their money. Of course one should never trade without acquiring knowledge about trading but surely all money will be lost like gambling. Just like many people lose their money in gambling, trading without understanding is the fear of losing money and getting into huge challenges.

Even if you are a successful trader, you still need to trade with sufficient amount of caution. Many times successful traders get caught while trading and their money is at risk, so everyone should trade with caution. Newbies are very raw in this matter for which many times they face huge challenges, so they need to acquire knowledge and skills about trading well before participating in trading. But if the new traders buy from the low market and sell in the high market, they will gradually gain experience and profit from it. Moreover, if trading is done according to the advice of experienced people, the chances of facing losses are less, yet many times newbies face terrible markets. Moreover, I have seen many experienced traders face terrible challenges at times, so all small and big traders need to trade carefully. But I think sport trading is best for beginners as they will easily lose their money if they go for futures trading.

[Ndabagi01]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

You've had your experience, which has given you a better image of how to trade, and you can now have more confidence in yourself in trading than before. The important thing is to attempt rather than procrastinate and accomplish nothing at all.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

Rather than trading, buying and holding will only assist you lessen the danger of losing your asset. The disadvantage of this is that if you don't try, you won't get out of your comfort zone and become the best trader you can be. A newbie should be aware of their strengths and weaknesses so that they can limit their risk when trading for the first time.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

In the meanwhile, newbies can learn about bitcoin's technical and fundamental analyses before diving into trading. There is always a first time for anything, and just because they aren't excellent at it now doesn't mean they should avoid it; instead, they can begin learning how to trade gradually with prudence and taking little risk before they have a full understanding of how the trading market works.

[Blowon]

so true. Before entering, at least you don't only need financial capital. but you must really grasp a little technical analysis knowledge. If not, entering a market that has lots of coins and indicators will make you confused about what to do. I think the right decision to start trading so you don't feel like this is a scam is to learn about it first until you are really sure about actually trading.

[Unbunplease]

so true. Before entering, at least you don't only need financial capital. but you must really grasp a little technical analysis knowledge. If not, entering a market that has lots of coins and indicators will make you confused about what to do. I think the right decision to start trading so you don't feel like this is a scam is to learn about it first until you are really sure about actually trading.

In addition to mastering technical analysis, it is necessary to understand the intricacies of the cryptocurrency world, otherwise you can spend all your money to buy some meme coin and be left with nothing. Yes, the charts will be drawn beautifully, but this impression will be deceptive. Although any reliable project can dissolve without a trace

[Bushdark]

For the difference between gambling and trading is to understand that there is no role of luck in your achievement just talent will be worthy if you use. When a person get profit again and again then he should not use all profit sum because sometimes with continuous winning you don't remember that when you take a wrong decision and loss your whole amount in a single try.

There are some strategies through which trader win smoothly but in gambling no strategy will work for you. Ruining your money is in your hand that if you keep checking the price and use a strong coin then you can win but if you select any coin blindly like that of bet in gambling then you cannot save your money any more.

If we don't trade in the proper direction or we are too slow to enter the market, we can make a lot of mistake that can cause us loses if we are not that careful enough. Trading need lots of understanding about the market so we don't have to see it like the way we gamble in the market. We can always gamble and keep having lucks that make us to be having consistent profits but in trading, the reverse is the opposite that is why we keep seeing people losing big amount of there Capital in trading due to slightly mistakes we might have done with having proper consideration.

[Timmzzy]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading doesn't respect anyone oh, NEWBIES or NOT it ruins everyone mentally and psychologically, at the moment as am writing this am ruined mentally on a trade i missed a huge profit and now am still hanging on if peradventure it will go my way. its not easy to trade... but when you know how to trade you will be grateful to yourself for having the knowledge.

[Mahanton]

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Trading is always profitable only if one is able to analyze market strategies. Moreover, many times when market volatility occurs, successful traders also face great challenges and risk losing their money. Of course one should never trade without acquiring knowledge about trading but surely all money will be lost like gambling. Just like many people lose their money in gambling, trading without understanding is the fear of losing money and getting into huge challenges.

Even if you are a successful trader, you still need to trade with sufficient amount of caution. Many times successful traders get caught while trading and their money is at risk, so everyone should trade with caution. Newbies are very raw in this matter for which many times they face huge challenges, so they need to acquire knowledge and skills about trading well before participating in trading. But if the new traders buy from the low market and sell in the high market, they will gradually gain experience and profit from it. Moreover, if trading is done according to the advice of experienced people, the chances of facing losses are less, yet many times newbies face terrible markets. Moreover, I have seen many experienced traders face terrible challenges at times, so all small and big traders need to trade carefully. But I think sport trading is best for beginners as they will easily lose their money if they go for futures trading.

Always profitable? No its not! because even if you do call yourself that an experienced trader but still it wont really be making out guarantees that you would really be able to make money and this is something that you should really be needing to realize on because if you do anticipate that much on having that profitable trades most of the time but the market had opposed on what you had anticipated then for sure it would really be bringing out with that big frustration and this is something that you must avoid. Why? It would really be making out that kind of impulsive kind of reaction on which it is really that something that will come out since we are really just that human beings on which reactions would be made would really be just that typical. Dont make yourself that too optimistic because if you do find yourself that too much expecting with those positive
results then when the time that markets volatility did goes to the opposite way then disappointement would be there and the worst on which on the time that you do become impulsive then
alterations of earlier analysis might be made out.

[Crypto Library]

Trading can make people prosper as much as it can destroy them.  Many people say that trading is dependent on luck but no, trading is not dependent on luck.  Trading depends on skill- like technical analysis, Fundamentals analysis.  It is very important to improve your trading skills.  If one can understand these tricks when to hold and when to sell, then that person will gain profit very quickly. And I would say that beginners should get proper knowledge about how to analysis first and start trading through spot trading.
Risk is less in spot trading.  The amount of damage is less.  Future trading is very complicated.  Even experienced people are afraid of futures trading because of the possibility of losing everything.  And trading means ruining life, not so much loss. By saying that trading can ruin our life, we are creating fear in the minds of beginners.  We should say that by knowing the right rules and gaining skills, trading can be very profitable.