Why people mostly fail in trading

[AYOBA]

A common reason why some newbies traders fail is because they don't know enough about the industry and they refuse to consult experts. One thing is that that, whatever you really want to start or do, you'll probably need to learn more about it in order to understand how the kind of thing you do want to start operates. You won't gain anything by continuing to lose if you don't even want to start. If you are well-versed in trading, it can be a means to become wealthy. Trading is a field that merits sufficient information, therefore anyone who truly wants to succeed in it should educate themselves before pursuing their goals. Since not everyone has patient, and trading requires both mental and physical patience. Additionally, trading carries dangers, which is why people recommended that we only deal with money we can afford to lose.

[Rengga Jati]

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so  as to come out profitable.

This is indeed one of the basic pieces of advice about how someone wants to enter the world of crypto trading that must be truly understood and followed. The mindset of getting more profit when trading is normal and everyone definitely wants that. However, this does not mean that trading is an easy and fast way to get rich. because basically it requires a complicated process and it is not easy to carry out this trading.

Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft..

Unfortunately, many beginners in trading ultimately decide to enter the world of trading because they see how influencers achieve success which is shared on YouTube or on their social media. and in the end these newcomers think that trading is quite easy and can make them suffer the same fate as these influencers. Well, things like this are actually quite dangerous for newcomers to trading because most of them don't equip themselves with sufficient knowledge and knowledge about cryptocurrency trading. Meanwhile, this science and knowledge is very helpful when we trade so that we are not careless in determining every position we take and making decisions to enter and exit.

[batang_bitcoin]

There is no psychological reason why many fail in trading. It's that it's hard to be against the market no matter how good you are, that's why "most" do fail because this market is highly volatile and you can't easily go against them because you just don't know what can happen. Even the greatest traders still have their losing days but they've learned and much better nowadays and no doubt can profit. But if you're just someone who randomly trades, you better change your way and be a holder.

[Distinctin]

Majority of the traders lose because they don't have proper knowledge in trading and most likely because of emotional decision making. When you trade with emotions, your focus on your trade won't be 100% as your emotions will distract your concentration on the goal of your trades. When that happens, you are not trading anymore to achieve your trading goals, but you do trading just to satisfy the hunger of your emotions.

Emotions become your best enemy in trading, hence trading with high emotions is always discouraged.

[Johnyz]

Trading isn't a quick way to get rich because it's tougher than it seems. Success lies in knowing the craft, controlling emotions  and managing risks you can afford. Mistakes often come from thinking it's easy or relying on a couple of YouTube video so we should always verify our facts and do not always be impuslive in making decisions

Many misinterpret trading and they thought on making profit instantly without doing any analysis, well I can say that losing is part of your trading journey and you will only realize this once you already experience the losses. If you are a trader, you should start from the bottom and start learning the fundamentals of trading because if you skip this part, you are bound to failed an that is your choice to make.

[mirakal]

Trading is hard and complicated, that makes it hard to succeed for beginner traders as they don't have the experience needed to win a trade. While trading is for everyone, but not everyone is able to manage and overcome its risks. That's why it's not surprising why majority fail but only few have succeeded. Without valid experience in trading, you can never make it last but will only enjoy first wins and then suddenly lose the rest of the trades.

[Dr.Bitcoin_Strange]

One very important problem for some traders, which I would love to talk about, is greed. I have mentioned it before, and based on the experience I've had lately, I still think it's very necessary to learn how to control one's greed.

It's better to have at least a little profit than to be at a total loss. There are some traders who can enter a position, and after they do, the market will go in their direction, and they will see their profit grow until they have made so much profit, but because they wish to gain more profit, they will not close the trade, and if by chance the market becomes volatile, going against their prediction, they will be at a loss. So, I feel it is very wise for a trader to be determined as to what level of profit they are expecting and can actually set the stop loss and take profit.

If they don't decide a price to stop the trade and take profit, there is a chance that they can get greedy and might want to wait a little longer before closing the trade, and in the process of doing so, they can experience loss because of market volatility.

[Riginac111]

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so  as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.

there is one thing about trading the thing is that if you want to be a successful Trader you must take absolutely precaution of observation during the process of trading so that whatever you thing that you notice as a barrier in trading you will put or take note of them in case of when you come across us or challenge, why some people does not take such instructions or such errors as something by might occur again India next trading, so trading is all about adequate learning and seriousness that is only way that you can make out good thing during the process of trading

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

The mindset of everyone who is in Trading is to make a profit and for you to make a profit you must to learn and understand the protocols of trading that is why trading need more commitment more attention and if you think that the threading will make you Rich without you knowing the beginning of trading you will end up in losing whatever thing you have gathered to establish trading, so trading can make you Rich when you have the comprehensive understanding of trading and you are a consistent person who trade every time

[2Pizza410000BTC]

Trading is not a get rich quick scheme as most newbie think, it's more difficult that we all can imagine, but their is always a way to navigate your way in trading so  as to come out profitable.
The main reason why most trader fail in trading is that they are not trained in the craft, most experience traders as they call their self don't even know how to identify the least support and resistance, talkless of knowing how to react when they see some certain chart pattern or candle stick pattern.
The skills I  believe that are  required to come out profitable in trading are;

* Knowledge: know the craft, know what you are doing, don't trade on assumption.

* Know how to control your emotions: it's very important that you know how to control your emotions like fear and greed in trading.

* Know how to manage your risk: knowledge and emotional control gives you money, but proper risk management skill protect your money and your gains

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

All the words you have made regarding trading are very useful for a new trader. A novice trader always makes mistakes in the words you refer to. Trading platform and a platform where you trade on emotion means losing. A trading platform is a platform where excessive greed means you will suffer. So every trader should remember that one cannot be overly greedy while trading and one cannot trade with emotion while trading. If a trader can follow these things carefully then he can survive on the trading platform. One thing to remember is that trading platforms are never a get-rich-quick scheme.

[Richbased]

A common reason why some newbies traders fail is because they don't know enough about the industry and they refuse to consult experts. One thing is that that, whatever you really want to start or do, you'll probably need to learn more about it in order to understand how the kind of thing you do want to start operates. You won't gain anything by continuing to lose if you don't even want to start. If you are well-versed in trading, it can be a means to become wealthy. Trading is a field that merits sufficient information, therefore anyone who truly wants to succeed in it should educate themselves before pursuing their goals. Since not everyone has patient, and trading requires both mental and physical patience. Additionally, trading carries dangers, which is why people recommended that we only deal with money we can afford to lose.

In trading, as we trade in other to make profits, we also run into losses because when we incur some losses it also gives us an edge on how to trade next time in other not to run into consequential losses in the future so it really isn't necessary for one to consult an expert because there are times when the market might change it's dimension thereby making it complex for traders to understand the activities of the market so sometimes, it's good to make some thorough researches and monitor the activities of the market perfectly before one can start trading. If the right concepts are being applied in trading even if one loses, it isn't gonna be that much as compared to when one has little or no understanding about the market settings.

[Jegileman]

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

All this are valid points and it doesn’t make one become a better trader if this are the steps that the people want to leverage on to become a good trader. Trading is not easy and it is better for all to stop viewing it as that. The worst type of feeling people get mostly about this is how they think it can make them rich overnight. It is like a craft that needs to be practiced and mastered before you can earn greatly from it. If you’re trying to by-pass and skip the necessary skill you need to have about it, you’re even at a more risk of losing all your money you’ll put into it. Due to the high risk involved in crypto trading, it is advisable not to trade if you don’t have sufficient knowledge about it.

[boyptc]

Emotions become your best enemy in trading, hence trading with high emotions is always discouraged.

And that is why you have to control yourself as well because if you don't, then you are going to learn it the hard way.

If you like losing money, you will definitely see it if you are careless and emotional type of trader.

Those that listens to advise of other about being careful and taking care of their emotions might skip the suffering of huge losses.

But those who don't then you know it already.

[rodskee]

most mistakes of traders are;

* Thinking it's a get rich quick scheme or thinking that it's easy.

* Having no proper training in the craft to attain knowledge about it.

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

This is mostly those who does not know what the are entering ot they are being lured with wrong perceptions ,
they don't even know how this market works and does not have complete Idea of what they can gather or lose entering this market.
maybe people are too lazy in  understanding what lies in the other side but they only care is how much they are gathering when they invested.

[boty]

A common reason why some newbies traders fail is because they don't know enough about the industry and they refuse to consult experts. One thing is that that, whatever you really want to start or do, you'll probably need to learn more about it in order to understand how the kind of thing you do want to start operates. You won't gain anything by continuing to lose if you don't even want to start. If you are well-versed in trading, it can be a means to become wealthy. Trading is a field that merits sufficient information, therefore anyone who truly wants to succeed in it should educate themselves before pursuing their goals. Since not everyone has patient, and trading requires both mental and physical patience. Additionally, trading carries dangers, which is why people recommended that we only deal with money we can afford to lose.

Of course, it is very important to be able to learn first if we are going to trade and it would be better if we consulted with those who already understand well about the trade we are going to do, because if we don't study it and also don't find out from them If we have a good understanding of the trading we are going to do, of course we will make the wrong decisions in trading which will result in losing the money we have.

Yes, when we are going to trade, of course we have to really have a good understanding of the trade we are going to do and we also have to be patient with every process we have to go through to be able to achieve success in the trading we do and also we have to use capital as much as possible. that we can afford so that we don't experience financial problems if we fail from the trade.

[Kelvinid]

A wrong understanding of trading makes traders lose as they think that they can dictate the market and underestimate the volatility. There is pressure in trading which means not all can carry with it and give up. Many had failed and only a few became successful and whatever the reason could be.

 - lack of knowledge
 - wrong market approach
 - ineffective strategies
 - losing control of emotions

A lot of factors to consider and it all lies on the trader itself as they know what really happened to them. I can't call myself a successful one but I know that I can make my trade more profitable in the future --I'm still in the learning stage.

[arwin100]

A wrong understanding of trading makes traders lose as they think that they can dictate the market and underestimate the volatility. There is pressure in trading which means not all can carry with it and give up. Many had failed and only a few became successful and whatever the reason could be.

 - lack of knowledge
 - wrong market approach
 - ineffective strategies
 - losing control of emotions

A lot of factors to consider and it all lies on the trader itself as they know what really happened to them. I can't call myself a successful one but I know that I can make my trade more profitable in the future --I'm still in the learning stage.

This is more clearest answer regarding on why many people fail on trading and they need to enhance or became more knowledge so they can manage all those things that needed to consider since if.

They are lack of knowledge for sure they cannot figure put what's best for them and certain bad things that need to avoid while doing some trades.

If they also do wrong market approach for sure it could lead into something that they would regret since losing their money is most likely to happen so they need to learn more further about doing technical analysis since this could really help them.

Still believing on those strategies even if this is ineffective to them. So they need to explore other more and what's perfect for them so they can grow or improve the way how they trade.

Last losing control of their emotion and this is common enemy of the trader so if they really want to trade they must prepared theirselves regarding on many possibilities so they can  strengthen up their emotions and they can deal on any condition happen in the market.

[Sim_card]

OP, you are right on this topic, what I want to add is that, as a newbie or someone new to the market  should only trade with the money that he can afford to lose, this will help him control his emotions. Not also knowing when to enter the market is also another one. A trader that do not understand the market should avoid trading so that he will not run at big loss. Trading is very risky due to the volatile nature of cryptocurrency, whoever wants to trade should start by practicing in order for him to get the experience,, and don't wait or depend on any trading signal because it is like you are gambling.

[Awaklara]

* Watching one two or three video's on YouTube by one YouTube influencer and think they are ready for it or thinking they have known the craft.

* Having no experience traders that is good in the craft to guide them.

people are sometimes embarrassed to admit they are beginners. and they want to learn independently through videos or learning from other sources.
None of that will be a problem when traders get positive input for the development of their trading skills. Sometimes you also need to watch professional traders in determining trading positions. or even in selecting assets. that is the most basic thing that traders must master.

those who are unable to progress in their trading, ultimately decide to quit trading because it is difficult to learn. Some end up following trading channels so they follow the signals given. whether it works or not is the trader who can judge its effectiveness. I think when traders experience several mistakes and losses they will finally realize their own mistakes.

[kojektea]

self-control will have a big impact on trading, a tempered spirit will not be suitable if you trade regularly, the impact is very big if self-control cannot be conditioned, for example when the coins/tokens we buy suddenly drop suddenly when opening an order, there we think about selling it immediately before the price falls further without understanding what caused the decline, usually it will recover and stabilize in 1-2 days

[deathcode]

OP, you are right on this topic, what I want to add is that, as a newbie or someone new to the market  should only trade with the money that he can afford to lose, this will help him control his emotions.

yes, it should be done. using the money within limits they can afford to lose. so the allocation for trading is of course no need to force ourselves to put all our salary into trading. Even in the beginning, our chances of losing are quite large. So always start with caution. Don't expect too much or easy profits in trading.
and one more thing, never make trading your career. or a job for you to make money. what happens may be the opposite, we will spend money on trading.

people are sometimes embarrassed to admit they are beginners. and they want to learn independently through videos or learning from other sources.
None of that will be a problem when traders get positive input for the development of their trading skills. Sometimes you also need to watch professional traders in determining trading positions. or even in selecting assets. that is the most basic thing that traders must master.

those who are unable to progress in their trading, ultimately decide to quit trading because it is difficult to learn. Some end up following trading channels so they follow the signals given. whether it works or not is the trader who can judge its effectiveness. I think when traders experience several mistakes and losses they will finally realize their own mistakes.

Maybe the experience you describe did happen to me and several other traders. When I first started trading spots, it looked easy. but the hardest part is choosing assets. what happens is that we are interested in the top profit and top loss coins on the exchange. and only rely on feelings to determine assets. it's a hard start to get off the ground if there's no one to direct. Therefore, more people will run to platforms that can provide information and of course, ways and strategies for us to trade.

and for those who are beginners, trying a demo account is quite important. even though the results will not match reality when using a real account. We can try many things related to trading, as well as getting to know the exchange interface.