Why do many people fail in trade?

[Hamza2424]

Haha, OP a straightforward answer because people take trading a world to fulfill their fantasies and luxuries and they fall into the wrong path of journey so they destroy themselves = fail.

Agreed, the frame of mind of some cryptocurrency traders is the reason why they failed but I think some of the social media influencers especially on Twitter have a role to play in the reason why this happened to some traders based on what the Tweeted which was seen as financial advise by some traders.
Meanwhile, I am glad that you make it through when you're on the same road.

Hmm, Social media influencers haha they ruin the whole trading career of the early traders (New ones), just for the sake of a few bucks and selling their course and their premium membership of shity signals. I don't know if people always get interested in the profits after only viewing a couple of edited screenshots of the gains.

i used to say most of them run their own groups with trained strategy, usually posting a signal in 2 groups based on contradictory analysis, and one wins and 2nd loses and then they share the gains SS to the free group to attack new users and post the motivation quotes in the losing side to make them prepare for the next payment haha. it all sucks hehe just my point of view not meant to offend any signal seller at the same time I don't care if the signal provider gets offended by what I've said so. I completely stand by it.

[1714821173]

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[1714821173]

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[Ricardo11]

I am also a small trader, I don't trade all the time, I trade occasionally. I have lost a lot of money in trading every time, I lost money because something went wrong. The mistakes that I have lost money on, I have always paid more attention to that mistake and then corrected the mistake and traded. We will never give up. We should move forward with courage in our hearts. I am now got to earn more than what I lost in trading. But I don't trade all the time, I mostly hold long term and trade occasionally.

[crwth]

I think it's not just patience but being able to utilize the full potential of your capital with the right strategy. The most important thing for me is making sure that the management of my money would be able to really succeed. You can't really master it right away. There would be times that it would rise and it would fall but in total, you would still want to be positive in earnings.

For newbies, it's important to understand the reason why you are trading and find the tools that you might be interested in. Gunbot can be one of those tools.

[Lakai01]

[...]
For newbies, it's important to understand the reason why you are trading and find the tools that you might be interested in. Gunbot can be one of those tools.

Bots like Gunbot are not for newbies. A bot is there to automatically execute your own, very well-tested strategy. However, I have to work out the strategy and, above all, put it through its paces.

A newcomer to the market thinks that a bot is a money-printing machine and that all he has to do is buy/rent/install it and the profits will start flowing. This is definitely not the case.

[crwth]

[...]
For newbies, it's important to understand the reason why you are trading and find the tools that you might be interested in. Gunbot can be one of those tools.

Bots like Gunbot are not for newbies. A bot is there to automatically execute your own, very well-tested strategy. However, I have to work out the strategy and, above all, put it through its paces.

A newcomer to the market thinks that a bot is a money-printing machine and that all he has to do is buy/rent/install it and the profits will start flowing. This is definitely not the case.

There is a learning curve for sure but it's important that after you set it, it's somehow a set-and-forget type of thing. There are supports that would really accommodate helping you set up or something. There's education as well.

That would depend on the seller or something. Someone who promotes a bot that "promises" gains can be a scam. That's not what Gunbot is doing.

[Dr.Osh]

Well, many beginner traders have high expectations from trading. They hope that, when they trade, they can immediately see profits. However, when the price of the assets they purchased fell greatly, they couldn't bear it and sold their assets as soon as possible. or, when they hold without research, the price of the coin drops continuously, and they are reluctant to sell the coin and they hope the price returns to normal. These things are usually one of the reasons people fail in trading. Therefore, I also think that consistency and patience are necessary. However, we also need to know what we are trading and look for information about it.

[Nrcewker]

People fail in a particular task or job due to the lack of knowledge. If you don’t have knowledge on a particular task, then how can you expect that you will do the task perfectly? Moreover I have also seen people coming into trading in order to become rich overnight. Hence I would say for them greed is the main reason for the fail in trading. If you ask me then I would suggest you to gain as many knowledge as you can before actually dive into trading. Then at last do trading on demo account to get experience. Once you are confident then only trade with real money.

[Volimack]

The main reason most people lose when they come to trading is because people come to trade because of word of mouth and they lose. If they don't just listen to people and try and practice the training I believe they will trade better and not lose as much as before. One of the reasons for losing is that they open trades when they see that others are making profits which is why they cannot make profits and lose. Along with practice it is possible to reduce the number of losses.

[Dunamisx]

There's this common thing that makes people fall while on trade, which is fear, you cannot exercise fear while dealing with a digital currency that involves high volatility, the moment you're impatient enough and sell them you discovered that the market is rising and while you're  yet waiting to see it falling before you can take a position, the market may keep rising, this is unpredictable of them, we have to understand this and also know that we cannot accurately assume what to happen except we are just been lucky to fall on the right spot of the trading we are doing.

[yudi09]

-snip-
Focus, be consistent, learn from your mistakes and think that building an empire takes time.

This is already good to have for traders who are just starting out. Dare to experiment again.

The focus points encountered during the learning process to be applied in trading practice must be consistent. Slight differences between theories when carrying out trading practices must be known to be carried out.
If the price is in a downward position, then what is needed is to understand what the next price chart will be because the price drop could be a trap to thwart the take profit.

Trading that makes things easier according to my trading experience is the spot trading type.
For other types of trading it is too complicated for me to control for myself.

[BITCOIN4X]

~Snip

This is already good to have for traders who are just starting out. Dare to experiment again.

The focus points encountered during the learning process to be applied in trading practice must be consistent. Slight differences between theories when carrying out trading practices must be known to be carried out.
If the price is in a downward position, then what is needed is to understand what the next price chart will be because the price drop could be a trap to thwart the take profit.

Trading that makes things easier according to my trading experience is the spot trading type.
For other types of trading it is too complicated for me to control for myself.

Theory and practice do not have to be the same, most traders are able to experiment on their own and develop their trading strategies based on experience and needs. However, every trader needs to avoid greed and stay focused on the target they want to achieve and exit on time. Not all failures are caused by a trader's inability to understand how the market works, but are caused by greed and high expectations of the price that will be achieved.

Spot trading, Futures, Binary are just a few options that you can try. However, spot trading is certainly safer so as not to lose all your budget if the price is corrected. Trading future is too risky, especially when traders place high leverage. Binary option is the same, it is too risky to lose all your budget.

[milewilda]

-snip-
Focus, be consistent, learn from your mistakes and think that building an empire takes time.

This is already good to have for traders who are just starting out. Dare to experiment again.

The focus points encountered during the learning process to be applied in trading practice must be consistent. Slight differences between theories when carrying out trading practices must be known to be carried out.
If the price is in a downward position, then what is needed is to understand what the next price chart will be because the price drop could be a trap to thwart the take profit.

Trading that makes things easier according to my trading experience is the spot trading type.
For other types of trading it is too complicated for me to control for myself.

When you are really that aiming on something then you should really be that someone whose really that totally be having the passion and dedication at least specially into something which does require that having long
patience plus the determination on which you would really be needing up for you to learn up along the way. If you are really just that someone whose really that been here on this market just for the sake of
making money then tendency on having that kind of rushed up feeling would really be there and this is where things becomes messy on the time that you wont really be doing the basic stuff.
Its not simple but it doesnt mean that it would be impossible. Failure would be only that considered if you have given up along the process but if you dont able to do so along the way
on which you are still that learning then proceed and continue on what you are doing. Things could be learnt but not on a fast pace method or situation.

[South Park]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading.
Many who have just learned one month to one semester they give up and no longer want to trade, please note that naturally fruitful trees are trees that grow with a long period of time so that they can bear heavy fruit and can provide benefits for both the owner or others.

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

I will add that many people that want to trade do not really understand the nature of the markets, when you are trading you are competing against all the other people that are just like you and that want to obtain profits, so someone that just knows the very basics and tries to trade is like an amateur trying to beat a professional boxer, and I am sure that if I were to propose such a match they will refuse on the spot, and yet when trading this is a match they take willingly, causing them long term damage to their finances from which they may never recover.

[Jegileman]

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Trading was not suppose to be an easy thing to do, you have to learn and practice to become perfect in trading. If it was that easy, every trader would have been successful and not many people will want to invest for long term to earn profit but will just go directly into trading because of the instant profits it will give. Making a worthwhile money in this space requires you to be diligent, disciplined and patient throughout your time of learning. Developing yourself through making yourself a better learner through practicing is the best for you as an upcoming trader looking to build yourself in trading.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

Don’t see the market of trading as an easy one that can make you rich within a short time joining the market. Every good thing takes time and requires a lot of sacrifice before making it big time through it. The process is cumbersome, tedious and only the patient ones usually succeed. Trying to outsmart the market by claiming to be wise without having thorough knowledge about it makes you vulnerable to lose a lot of money. Practice will surely make you perfect with time.

[terrific]

The main reason most people lose when they come to trading is because people come to trade because of word of mouth and they lose.

We have to stop it there and that's true, when everyone is just doing it because of the word of mouth, that makes them crave to trade because they think that it's easy.

If they don't just listen to people and try and practice the training I believe they will trade better and not lose as much as before.

It's going to be long before they practice and have the better results when they trade. So, if someone is starting out the expectation is going to be negatives and losing more money until they can decide whether to use these failures to continue or to just stop.

[Russlenat]

I think the very main reason why people fail in trading is because they are not actually prepared to trade. Their knowledge and skills may not be sufficient enough, but because a lot are making profits in trading, they also decide to see trading as gambling and try their luck. With that, trading like gambling will never work at all.

However, another reason might be their inability to manage the risks in trading. Since they are not skillful and strategic enough, their risk tolerance is still not good and sufficient enough to successfully overcome the risks in trading.

[bayu7adi]

The main thing that matters is about each person's expectations when trading. Many people think trading is an easy thing to do and make a lot of profit, because I'm sure most of them see their friends who don't work in companies and share screenshots of their fairly large trading earnings.

Ohhh man... not everything that seems easy for the unemployed will be easy for you too.

I am very sure, there are people who use large amounts of initial money in their initial trading and then hope for +50% profits in 1 month or less without doing any market analysis. They think that unemployed people who have earned a lot of money from trading do not use their brains to think. So here, the expectations of people who have just entered the world of trading usually underestimate the trading activity itself.

When they find out that the market is so cruel, they realize that and choose to escape from reality, rather than lose more.

[Ben Barubal]

I see a lot of traders who fail in this field, because they do not have patience and consistency in learning, that they are successful traders who study for more than a year or even two years so that they can have the ability to analyze the market and can have their own methods in making profits from trading.
Many who have just learned one month to one semester they give up and no longer want to trade, please note that naturally fruitful trees are trees that grow with a long period of time so that they can bear heavy fruit and can provide benefits for both the owner or others.

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

   First of all, I don't believe that in just 1 month they learned trading 100%, I really doubt that. But I like what you said that we must learn to our mistakes, that's true because of the mistakes we made we realized what we did wrong.

   That's why I do when I trade only a small amount first, then I will train first or try to trade and apply what I learned in learning about trading, when I see that something is missing I will find out what it is until I know that. As important as trading, our understanding of trading should be broad.

[synchronym]

op I agree with you, trading can't do very well if not skilled enough. Trading needs to acquire enough knowledge to analyze the market and wait patiently. If we are too hasty in the trade field, if we can't make a decision at the right time, then our trade goes wrong, so it is very important to acquire the skill of trading. A skilled experienced person can be successful. So all of us should analyze the market carefully before trading and patiently plan long term so that we can succeed through future trades.

[Rockstarguy]

Don't give up quickly in trading, there are many mistakes that you have to take lessons from, walk slowly and with principles in trading with risk management that you can control and not overdo it so that you can take advantage for yourself.

Focus, be consistent, learn from your mistakes and think that building an empire takes time.

What are your additions to understanding the learning time for someone who is learning to trade? I think sharing here will benefit those who may be close to giving up in this field.

Failing starts I trading when people stop to learn, I think some people feels they can do without learning in trading and they will still make a good trade. The lack of patience people exhibit is also the reason why they have problems in trading. Trading is not just an easy task that can be done just like that without understanding it. Trading is all about learning and having patienc, and this is something people can't do without in trading.  The problem that people do have when it comes to trading is that they get too lazy to learn about trading and expecting to get a better result from trading.

Some people thinks that the little knowledge they have gotten is enough to make profits from trading not knowing that learning trading is consistent because one strategy of trading can't be used forever.  Their are new strategy that one needs to know to have a profitable trade . Learning in trading is consistent,  this is the secrete to gain profit in trading .