Trading is not very easy; it took my friend a long time to understand.

[Sanitough]

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

[el kaka22]

It has taken me 10 years and I am still having trouble, it doesn't get easier, it just gets more accustomed to what you "should" do but the situation doesn't change, you could always do what you should and the market could do what it shouldn't and you would lose money, that is still a valid situation and should be considered as a big deal.

I understand that it may take some people longer time to figure this out, but unfortunately that's the reality and we need to just accept that. I get that it is also quite possible that a newbie doesn't know what they should do, and that means we are talking about something that would be wrong of them to keep trading, and they should stop and learn how they should trade, but also after they are no longer a newbie and they learn what they should, that doesn't mean that it is going to be just profit after profit all the time. Accepting loss is a major part of bitcoin trading, it is going to happen sometimes and you will just accept it that way.

[Kasabus]

It would be more appropriate to learn trading the hard way and will took long time to fully understand it, than trying to imply that you have learned it easily and end up seeing your trades failing and losing. That would mean bigger losses and frustrations on your part, believing that trading is easy, when in reality it's not. It takes even years for successful traders to reach their current position and live their lives the way they imagine living it.

However, there are also really fast learners that will learn trading easily. I have no issues with them as one can easily fail in trading, while others can be good and excellent on their trading skills and strategies. But still, consistent exposure and trading in the market is the best strategy to be an expert in the trading market.

[BitcoinTurk]

With trading, you need many things like fundamental knowledge, technical analytic knowledge, discipline and patience. If you are lack of those things or only one  of them, you will fail with trading in a long run.

With investment, it is more easily to manage and you will need to have good fundamental knowledge and patience. Good fundamental knowledge will help you to pick good assets for your investment portfolio. Patience to stick with your investment plan and get profit.

One of best weapons in trading

I definitely support that a person must have all these factors in order to trade and if any of them are missing it will lead to failure in the long term. I would especially like to emphasize again; If even one of these factors is not met there is a high probability of failure in the long term.

As you stated, investing requires the ability to make fundamental analysis and patience. When making a long-term investment, choosing the right financial asset with a good fundamental analysis ability and patiently waiting for this investment to reach the targeted value may be sufficient to be successful.

In other words, the biggest difference between trading and long-term investing is that in trading technical analysis knowledge, fundamental analysis knowledge, patience and discipline requirements must be met completely while in long-term investments only patience and fundamental analysis knowledge are sufficient.

[Dzwaafu11]

If you don't have knowledge about trading you will never make a good profit in trading greed is one of the bad attitudes in trading unless you just buy and hold it for a long time.

Greed is never a good thing to practice when it comes to investment, whether trading or cryptocurrency investment. It's even worse because you can’t do it without knowledge, and if the things that cause greed are when the investor or trader doesn’t have knowledge of where he or she is putting their money, they think it will go as they think. So therefore, if someone is patient and has control over their emotions, it will reduce the chance of greed. Therefore, we should always try as much as we can to avoid greed, when entering the market it will help us. We just need to be aware of what we are doing in detail, to avoid unnecessary story, the fact that trading have high risk than any other thing someone will do  in the crypto space.

[kingvirtus09]

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

[Qiubell5]

In crypto trading, knowledge is paramount, as is controlling emotions. Because if it's not like that, crypto trading will be chaotic and not good. Because from the experience I went through when trading crypto, the most dangerous thing was my own emotions and greed. Therefore, emotions must be truly controlled in order to be optimal when trading crypto.

[traderethereum]

If you don't have knowledge about trading you will never make a good profit in trading greed is one of the bad attitudes in trading unless you just buy and hold it for a long time.

Greed is never a good thing to practice when it comes to investment, whether trading or cryptocurrency investment. It's even worse because you can’t do it without knowledge, and if the things that cause greed are when the investor or trader doesn’t have knowledge of where he or she is putting their money, they think it will go as they think. So therefore, if someone is patient and has control over their emotions, it will reduce the chance of greed. Therefore, we should always try as much as we can to avoid greed, when entering the market it will help us. We just need to be aware of what we are doing in detail, to avoid unnecessary story, the fact that trading have high risk than any other thing someone will do  in the crypto space.

We often get greedy in trading, especially when the price increases high and almost reaches our target price.
We have set a selling price on the market and there is only a little time we will see our order will be filled but we are canceling the order and moving it to a higher price.
We think that the price can still rise higher, but we often find that the price returns to a low price, which prevents us from taking advantage.
That is an example of greed that we often experience. Therefore, we should avoid greed so that we can take advantage of it on time.

[stadus]

Who says trading is not hard but easy? I bet every trader knows it that's why until now they are still struggling to win their trades despite of the market volatility and uncertainty. Except for those experts in trading, as they can still find means to make profits even if the market is not favorable to trade.

But one thing is certain, learning about trading takes a lot of time and even money. Of course, if you don't have the money to finance your trades, learning trading would be impossible. While trading with demo account is still possible without risking real funds, but it does not guarantee that what is happening with your demo account is exactly what's going to happen when you are in live trading.

[jeraldskie11]

In trading, the first thing you have to check is your self if you have patience and a disciplined person. Trading is a waiting game, so if you don't have patience then it's not for you. I'm so glad that you're not the same with your friend and even he hurt you, you show patience and understand him, and because of that, your friend learned from you about trading. Honestly, having no patience is one the reason why trader loss a trade, it's because they don't have patience. Your criteria that you are looking in the chart is not always visible and you should not force a trade. Unfortunately, there are traders even if they know that this setup didn't meet their criteria still doing a trade which decrease the chance of winning.

[gabbie2010]

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

Honestly it would take a very long period of time to understand and master chart patterns in trading bearing in mind that price pattern repeat itself and to master all these technical analysis takes a lot of effort, perseverance and patience, trading is not a profession that every Tom Dick and Harry would jump into and start earning profit, according to statistics that is why 95% of traders are losers, presently I am studying charts  patterns with in a bid to setup my trading strategy though without a mentor and it has obviously taken too much of time, however I am not bothered because in the long run all my effort would be fruitful.

[I_Anime]

Normally trading not easy almost all traders knows  that, Besides something good can't just come around that easy  will take alot of time to learn and master it eventually. Trading not something that you will just learn just like that. to me trading doesn't have a point that you will just stop learning aslong you're trading  you  are eventually still learning. Most traders issue is trading with emotions and all that because ones you are accumulating too much losses your goal at that moment will be covering those losses and when you are doing so more losses will eventually  come. Because that moment you're no longer thinking right.

So just focus more in learning and reducing loss than making bigger profit. As long you are controlling your losses profit will eventually come arround might be small at that moment but when  it's constant those profit will eventually turn to something big.

[Hamphser]

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

Honestly it would take a very long period of time to understand and master chart patterns in trading bearing in mind that price pattern repeat itself and to master all these technical analysis takes a lot of effort, perseverance and patience, trading is not a profession that every Tom Dick and Harry would jump into and start earning profit, according to statistics that is why 95% of traders are losers, presently I am studying charts  patterns with in a bid to setup my trading strategy though without a mentor and it has obviously taken too much of time, however I am not bothered because in the long run all my effort would be fruitful.

Being efficient and profitable in trading would really be taking a long of time and a lot of effort for a certain individual who do have plans on trying out to engage with it and we do know that it isnt something
that would really be easy on which you would really be needing up to learn up from those terminologies and even just with those trading terms on which it is really that correlated to it.
From learning technicals to fundamentals and trying out to figure on what kind of trading is really that would fit out on your own preference.

You are the ones who would really be able to find out on what kind of trading you would be liking into, this is why it would be taking up some time for you to have
a good grasps at least on the things that you've been dealing with and of course you shouldn't really be taking things so easily.

[Issa56]

That is the truth: learning trading is not easy. It takes time to research it. Moreover, the student of trading must have an interest and be ready for everything he has to face here.

There is no easy way to make money. If you really want to make money from trading, you have to work for it. You should be ready to read, you won't get tired of reading. And when trying to trade, make sure you start with just a small amount of money because you might end up losing the money, which is normal. Don't trade with any amount you know will affect you after losing. When trading, you can start with a small amount, the more you understand trading, the more you keep increasing the amount you are trading with, but if you decide to start with a large amount, you might end up losing interest after losing the money.

There is a lot to consider here when learning crypto trading. Maybe everyone who studied trading here in the crypto space experienced it a long time before they really understood it somehow because it was not easy to understand.

Trading was never easy and will never be easy. When trading, the best thing to do if you don't really want to lose much when learning how to trade is to get someone who's a professional trader to guide you. You have to be very careful because not everyone who claims to be a professional trader is really a trader, some of them are just deceiving people and know nothing about trading, so make sure you get someone authentic.

[mvdheuvel1983]

Well, no one actually sees trading very easy to learn. Everyone starts with a scratch and seen struggling learning in it's first weeks, months and year. And that is normal in trading. The important thing is, you learned trading even if the process is not smooth but tough. The fact that you learned it the hard way, the sweeter the profits you will soon to bear.

Good to hear your friend has learned the basics now with the help of this forum. You know, one who desires to invest or trade, there's always high rate of success if they start learning from the experiences of the old members in the forum. At least, they're legit and not just ready made stories and experiences.

Learning a new skill cannot be easy. If it is easy then the person isn't learning anything. Trading is hard if you have no background in working in investment banks or the big 4 or other financial institutions. It usually starts hard and then get easy as you climb up and add more knowledge.

This forum is a value tool and good to know that the OP's friend was able to make the best of it. It doesn't just stop there though after learning the basics he has to go further and learn how be emotionally resilient. A trader must be in control of his emotions and not allow his emotions lord over him.

[lienfaye]

I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.

There's no shortcut in trading, one should take time to gain knowledge because that's crucial. If he can't follow the basic rules, then he will likely fail especially for being impatient.

But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.

Well, that's good to know. Maybe he already realized what he's lacking. Sometimes committing mistakes are not that bad since that's how we will become aware of we should do next time. Trading without knowledge is like gambling therefore we need to exert an effort to learn first before deciding to trade.

[MFahad]

Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.

learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader.

At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions.

[wxa7115]

I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
  Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.

Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.

But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.

Your friend was probably influenced by all the people out there that are spreading misinformation about the markets, which try to make it seem as if trading is the easiest thing in the world and the only thing you need to do to earn a fortune is to buy whatever coin it crosses your way and enjoy huge benefits thanks to it.

But this is completely false, if anyone wants to obtain profits while trading they need to invest a great deal of time to learn how to do this, and at the earliest it could take someone a few months to be ready to become a trader, with one year being a more realistic goal.

[Xampeuu]

Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.

learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader.

At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions.

Eliminating emotions may be difficult, but we can control them to act according to logic and of course put aside greed, learning trading in one year may still be lacking in terms of experience, but each person will have a different level of learning, in fact the main thing is to bring in appropriate profits. with our portfolio clear and logical, and only ourselves can judge it. Therefore, enjoying the process will be fun to continue to hone your trading skills

[Lanatsa]

Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.

learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader.

At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions.

Eliminating emotions may be difficult, but we can control them to act according to logic and of course put aside greed, learning trading in one year may still be lacking in terms of experience, but each person will have a different level of learning, in fact the main thing is to bring in appropriate profits. with our portfolio clear and logical, and only ourselves can judge it. Therefore, enjoying the process will be fun to continue to hone your trading skills

Eliminating it completely or lets say 100% is never been that possible because even if you are really that veteran or professional you would really be still that having the emotion. This is why trying out to get rid of emotion it cant be possible but with due experience and enough knowledge then you do really know on how to control yourself but if you are just that someone who had just recently able to know on to trade
then you would really be finding out to be so hard on controlling your emotion. Just like on what everybody is saying that trading and learning it would really be taking up some time.
It isnt something that you could really be able to learn in just one day.

Just tell your friend that he should really be needing to learn up all the things that he would really be able to encounter specially on how volatile this market is.
You would really be definitely be able to encounter tons of situations on which you would really be able to freak out and you would be telling to yourself
that this wont really be an eay market to handle on.