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Author Topic: Why do many people fail in trade?  (Read 1902 times)
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August 17, 2024, 05:50:52 AM
 #321

Quote from: Aanuoluwatofunmi
Some people will fail in trading because they are not doing it the right way, this is what we should have learnt and know how to engaged on doing it before starting, and the other common mistake many make is that they start big, thinking its by such that they will have to earn big, but instead they see reverse on the case, because we cannot predict on the outcome for trades, but the little knowledge we have in it could also help.
If they connected  their minds to so many things in the society, it will be very hard for them to get the trading right because they don't believe that they can earn something big from trading like what they are earning from other activities that is taking them time.

 That is the problem behind many traders failure these days, because they lack the knowledge of trading before investing money and it will be very hard for such person to come out with good result that will encourage others people to join the trading because they will ask you to show them what you have achieved from trading so far, before they can show interest in trading. If you don't want to fail in trading, do what other people are doing to learn trading before investing because you will buy coins from the market before you can choose when to trade to take profit.
When someone wants to make a profit from the trading they do, they must focus on what they are doing and do not need to think about what people who do not understand this well and they only need to listen to those who have understood this well who can certainly support the trading they do.

Lack of knowledge in trading will certainly result in many failures, so it is important for someone to be able to learn first before deciding to trade and do not let them see other people succeed in their trading and this is a motivation for them, of course they must have good knowledge in trading first so as not to make mistakes when trying to trade and for beginners it would be better for them to practice with a small capital first and after they understand it well then they can try it with a larger capital than before.

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August 17, 2024, 06:22:43 AM
 #322

When someone wants to make a profit from the trading they do, they must focus on what they are doing and do not need to think about what people who do not understand this well and they only need to listen to those who have understood this well who can certainly support the trading they do.

Lack of knowledge in trading will certainly result in many failures, so it is important for someone to be able to learn first before deciding to trade and do not let them see other people succeed in their trading and this is a motivation for them, of course they must have good knowledge in trading first so as not to make mistakes when trying to trade and for beginners it would be better for them to practice with a small capital first and after they understand it well then they can try it with a larger capital than before.
Not always, listening to some opinions becomes deeper in running a trade.
And I think joining a community or trading with some friends makes many new lessons that can be obtained and get much more information so there will indeed be many positive sides that are obtained.

In trading there will be many lessons that we get in the trading journey and even experiencing failure or making mistakes can be the most valuable lesson so I think if someone has decided to want to trade then he can do it while learning about the success or failure of the trade we do I think time will be the answer and certainly if we do it properly and correctly success will come.

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CageMabok
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August 17, 2024, 10:47:06 AM
 #323

In trading there will be many lessons that we get in the trading journey and even experiencing failure or making mistakes can be the most valuable lesson so I think if someone has decided to want to trade then he can do it while learning about the success or failure of the trade we do I think time will be the answer and certainly if we do it properly and correctly success will come.
A job like trading is not a difficult job as long as everyone is still willing to learn and become better in the market, because not every time can be suitable for trading and this must be understood correctly by all traders. Because when there is a moment that is not suitable for trading, of course what we have to do is add more knowledge while finding out why at certain times it is not suitable for trading so that we know that trading capital should not be used carelessly. Because it would be better not to get profit at a certain moment than to have to spend more capital at a less appropriate moment.

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