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Author Topic: Does trading belongs to everyone?  (Read 900 times)
lixer
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April 14, 2024, 06:58:22 AM
 #61

It all depends on individual choices on what they needs or not since many people has this mindset that trading is much more lucrative and that is true but they don't make profits from trading since they don't have time to study what it takes them to start making money from trading. They should try focused on what they knows because when they move from what they where doing to trading it shows that they are already devoted and dedicated to trade and of a true when the necessary knowledge is being applied you can surely become a good trader without much lost while trading.
I've noticed that people who lack knowledge often lack patience as well, which is the reason why when they make a few trades, lose some of them, they start blaming the market and cryptocurrencies they were trading for their losses and rage quit the industry instead of accepting their mistakes, evaluating the points where they made those mistakes, and then working to improve those areas so that they don't make the same mistakes next time they are trading.

That is what successful people do, whether it's about trading or anything else, as long as you are learning and growing, there is nothing that can become a hurdle in your way of achieving success, but as soon as you start complaining instead of learning and accepting your mistakes, you will face failure.

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April 14, 2024, 07:05:42 AM
 #62

Even though trading will be able to bring profits quickly, trading also has a big risk of losing money quickly too, so we must be able to consider whether we are ready for that risk or not, if not then it is better to prepare ourselves first rather than force ourselves.
Trading is not that easy, there are many things we have to learn and master, if we don't have the knowledge then we should learn it first. Don't let us trade because we see other people, or in other words, we just follow along. Because it is very unwise if we do that just because we are joining in, in trading the risk is losing money, and that is not easy if we do not prepare as well as possible, especially in preparing our finances.

Risk in trading is a directly linked to how how long you are going to invest your capital. If one is referring to trading where he invest some money and want to sell on same day or week then risk is very high. This risk decreases as the duration of your investment increases.
As far as OP question that trading is for everyone then IMO it's not for everyone specially if you are new to crypto. There is experienced traders who got loses while doing short term trading. Unless you are not ready to face the risk better stay away from it. There is other techniques which have less risk and more chances of profit.

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April 14, 2024, 08:43:33 AM
 #63

Keep in mind that trading in financial markets carries a high level of risk and may not be suitable for all investors. It is important to thoroughly research and understand the market before placing a trade and do not invest more than you can afford to risk. Also, it's important to use proper risk management strategies and monitor your trades regularly to ensure your positions are within your risk tolerance.

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April 14, 2024, 09:20:23 AM
 #64

Trading needs some important things like it needs knowledge, experience, money, patience, and selection of ideal coins. Everyone can become trader but a successful traders are few because you have to spend years for learning about trading and to become an expert.

Traders have pressure to decide about selling because he select short term coins which rapidly go up and down so a knowledge less person can take entery in trading but success for him will be very difficult if he does not have any experience.
That's why not many people can become pro traders. They have to learn a lot before becoming traders, which requires a process. That makes many people not want to take the time to learn about trading.

Those with trading skills can determine when to trade, find the right coins that can provide profits, and trade Bitcoin if they feel they can make bigger profits from it.

If a trader cannot decide when to start trading, determine when to buy and sell, and simply follow signals from others, he may have difficulty making a profit. So everything should start with learning to trade, and the more he can learn to trade, the greater his chances of making a profit will be.

It is technically true that anyone can become a trader, but the reality is that the evidence shows the majority of those that try fail, now there are many reasons for this, with the most common being that the majority of those that try to trade, make no legitimate effort to learn how to trade at all, but even then this proves they did not had the necessary skills to become traders, as if you are not willing to improve yourself and your strategy every single day then you might as well give up on becoming a trader.
Traders who try to trade without skills will find it difficult to make a profit. This is what traders most often encounter, especially if they only rely on signals from other people. They should try to learn a lot about trading to trade well.

Many people still wait for signals from other people because they don't want to learn, which causes them to miss the opportunity to make a profit. If they are not willing to learn trading, they will not be able to become traders, and it will be difficult to make a profit.

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April 14, 2024, 10:21:49 AM
 #65

I will just go direct to your question in the OP,  trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.

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April 14, 2024, 06:56:52 PM
 #66

Even though trading will be able to bring profits quickly, trading also has a big risk of losing money quickly too, so we must be able to consider whether we are ready for that risk or not, if not then it is better to prepare ourselves first rather than force ourselves.
Trading is not that easy, there are many things we have to learn and master, if we don't have the knowledge then we should learn it first. Don't let us trade because we see other people, or in other words, we just follow along. Because it is very unwise if we do that just because we are joining in, in trading the risk is losing money, and that is not easy if we do not prepare as well as possible, especially in preparing our finances.

Risk in trading is a directly linked to how how long you are going to invest your capital. If one is referring to trading where he invest some money and want to sell on same day or week then risk is very high. This risk decreases as the duration of your investment increases.
As far as OP question that trading is for everyone then IMO it's not for everyone specially if you are new to crypto. There is experienced traders who got loses while doing short term trading. Unless you are not ready to face the risk better stay away from it. There is other techniques which have less risk and more chances of profit.
If we want to minimize risk, we should just invest, because our investment can be said to be safer, especially if we invest in bitcoin.
However, trading is very different from investing, because trading time is very short and we are even required to always watch price movements to anticipate unexpected reversals.
It is recommended for traders to apply stop loss and take profit, this is one way to minimize losses, and when we are profitable we can immediately stop when we touch the price we have previously set.
A very big mentality is also really needed in trading and that is something that is not easy for us to master, there needs to be a long process to be able to master it.

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April 14, 2024, 07:10:06 PM
 #67

I will just go direct to your question in the OP,  trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.

But everyone has the same opportunity and time, meaning that it is not intended for those who do not have knowledge but for those who do not want to learn about everything in the world of trading because maybe they do not have strong intentions and determination from the beginning of their arrival so of course they will most likely think that trading is difficult even though they actually have plenty of time to learn to minimize these difficulties when they manage to gain knowledge and insight in return for their dedication to learning.

Everything always starts with being a beginner before you can finally become a successful person in that field, and don't you never know something if you never try it? of course, and all the traders who are now successful started from someone who had absolutely no idea about how to trade properly and correctly, but with strong intentions and determination along with always being consistent and working hard then difficulties and failures will lead them to success, everyone has the same opportunity but not everyone is really willing to fight for it.

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April 14, 2024, 10:56:11 PM
 #68

Trading is just there; it's up to us if we recognize it positively or negatively. That means, since "Trading" cannot speak, anyone can try it or enter it to do trading activity. You have an interest in learning about trading; of course, you will study it and learn it 100%.

And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
Trading offers opportunities to everyone who sees it as a profitable side hustle. But that does not mean that every traders gets the same profitable outcome from trading. Of course, not all traders are knowledgeable and skillful on trading in the market, some are just trading and end up like gambling, so expect that they will definitely won’t be able to achieve their goals in trading. However, for those who have been in great preparation before going into a real trade, mostly they end up trading with positive and profitable results.
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April 14, 2024, 11:06:14 PM
 #69

I will just go direct to your question in the OP,  trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.
Knowledge and skills are a factor but doesn't mean this would make you succeed. No, trading is not as easy as we think because many traders have huge knowledge of the market but still end up losing due to uncontrollable emotions. So if we think that we are not really capable of doing this, we'd rather not force ourselves because, in the end, we are still one to suffer. Even though we are spending a lot of time studying market behavior, it is too different in actual situations and this is a huge problem by most.

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April 15, 2024, 12:30:33 AM
 #70

I will just go direct to your question in the OP,  trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.
But whether it's suitable for everyone is a different question.
There are a lot of things to consider before we can say it is for everyone.
For example, risk tolerance, technical knowledge, financial, stability, and many more.

These are just examples of things that we must consider before we can say trading belongs to everyone. Potential traders should consider their personal circumstances and the potential risks before getting involved.

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April 15, 2024, 07:31:56 AM
 #71

Knowledge and skills are a factor but doesn't mean this would make you succeed. No, trading is not as easy as we think because many traders have huge knowledge of the market but still end up losing due to uncontrollable emotions. So if we think that we are not really capable of doing this, we'd rather not force ourselves because, in the end, we are still one to suffer. Even though we are spending a lot of time studying market behavior, it is too different in actual situations and this is a huge problem by most.
Having knowledge and skills does not necessarily guarantee that someone can be successful in the trading they do because there are many things that a person must consider in order to be successful in trading and it would be better for us to measure our abilities before deciding to trade because if we continue to force ourselves without good knowledge and skills, we cannot trade so as not to experience losses in the trading we do, but if we already have the knowledge and can control our emotions when trading, of course we can trade to make a profit from trading.

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April 15, 2024, 12:15:46 PM
 #72

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading. But have we also considered or remember that most of the compliant here is about trading scam or exchange scam. Since is as a cause of trying to fund their account to trade or either trying to withdraw funds from the exchange.
Most people want to go into trading because they feel money can be made from trading quick unlike investing that you need to hodl for sometime, I think they are in-love with trading because they can gain quick profits and the mistake which people make in trading is that they are so fast in beginning to trade without having knowledge about trading. People have made trading as something that seems as if it is so difficult to go into but people fail to learn trading first but their concern is to make money from trading.

Trading is not for everyone but it is for those who are ready to learn first because trading is all about knowledge. Without knowledge it is impossible to make profit at from trading. People actually can be a  trader and also earn money from trading, but the problem is that some people are not willing to take their time to earn knowledge that can earn them profits.


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April 15, 2024, 01:04:40 PM
 #73

I will just go direct to your question in the OP,  trading is not for everyone because if you trade without necessary knowledge required to know the right signals to follow and how to understand the market very well, you can run into so many losses, so it is for people that have gotten comprehensive knowledge of how trading works that is expected to trade although there is no expert in trading but there are experienced people that knows how to trade. I know how many times I tried learning how to trade but every thing was just looking so scanty in my brain like I couldn't comprehend anything so I stopped developing interest for trading.
trading is actually require extensive knowledge of the market, some random people can't just try trading and suddenly know everything about trading, we need to have thorough understanding of how the market usually behaves, the basic principle of determining whether a coin deserves to be used for trading and investment, judging based on reputation, knowing several tiers of investors that might affect the price of a coin in the long run and so on there are still many more knowledge required for successful trading that haven't been mentioned yet.

I think sometime people just outright belittling how difficult it is with trading because they've seen so much bullshit running around in youtube and so on about how easy it is to turn into millionaire by trading just within a night the reality can't be farther from that.

even if you see some signal provider out there usually also miss its like their prediction is 50:50, even with all that information they just can't be sure, this also holds truth to many of the expert trader out there.
definitely its not for everyone to succeed in this field.

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April 15, 2024, 01:28:54 PM
 #74

Trading is just there; it's up to us if we recognize it positively or negatively. That means, since "Trading" cannot speak, anyone can try it or enter it to do trading activity. You have an interest in learning about trading; of course, you will study it and learn it 100%.

And if you just take a look at trading and realize that you don't really have an interest in learning this lesson but you want to earn from it, it turns out that you are just gambling, thinking that you might get lucky, which is the wrong way.
Trading offers opportunities to everyone who sees it as a profitable side hustle. But that does not mean that every traders gets the same profitable outcome from trading. Of course, not all traders are knowledgeable and skillful on trading in the market, some are just trading and end up like gambling, so expect that they will definitely won’t be able to achieve their goals in trading. However, for those who have been in great preparation before going into a real trade, mostly they end up trading with positive and profitable results.

It is true that everyone has the same opportunity to make a profit in the world of trading but not everyone can really take advantage of it well and this also depends on how much knowledge and knowledge they have in trading that can lead them to profit, and yes I quite agree with you that it cannot be denied that there are traders who treat trading like gambling, They enter the market without any planning and open trades without any knowledge or analysis where most likely all they have in mind is opening trades and hoping for profits, and of course this is a dangerous action that will only lead them to many losses in each trading session. However, the results of trading will not be achieved if you only rely on feelings and luck, this is not gambling but this is a trading activity that requires skills and knowledge to be the basis of your decision making by conducting analysis before finally opening a trade, so of course this is the reason why every trader is required to have a lot of preparation such as planning, management, strategy, risk management, emotional control, and have a strong mental and psychological which all of this will be able to help you to achieve maximum profit and also to minimize the possibility of too significant losses.

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April 16, 2024, 10:00:47 PM
 #75

Knowledge and skills are a factor but doesn't mean this would make you succeed. No, trading is not as easy as we think because many traders have huge knowledge of the market but still end up losing due to uncontrollable emotions. So if we think that we are not really capable of doing this, we'd rather not force ourselves because, in the end, we are still one to suffer. Even though we are spending a lot of time studying market behavior, it is too different in actual situations and this is a huge problem by most.
Having knowledge and skills does not necessarily guarantee that someone can be successful in the trading they do because there are many things that a person must consider in order to be successful in trading and it would be better for us to measure our abilities before deciding to trade because if we continue to force ourselves without good knowledge and skills, we cannot trade so as not to experience losses in the trading we do, but if we already have the knowledge and can control our emotions when trading, of course we can trade to make a profit from trading.
Add the factor of "luck" yes trading needs knowledge and skills in order to come up with an technical analysis and in order to execute in every possible situation but the thing is if you are not lucky or doesnt have a luck in trading then the market can't be favorable to your predictions, we all know analysis is majority in predictions so if you are a person that doesn't have luck in trading no matter how knowledgeable and skillful you are you will always lose money, if you notice that then don't push it maybe trading is not for you, so in short trading can be done by all people but not all are for trading so don't expect that even you allocated years for experience in trading you can expect that you will be successful in it, I dont intend to discourage its just that I'm stating some facts.

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April 17, 2024, 03:07:04 AM
 #76

But whether it's suitable for everyone is a different question.
There are a lot of things to consider before we can say it is for everyone.
For example, risk tolerance, technical knowledge, financial, stability, and many more.

These are just examples of things that we must consider before we can say trading belongs to everyone. Potential traders should consider their personal circumstances and the potential risks before getting involved.
Trading is like other things in life, can not be suitable for everyone. Different people have different personal characteristics and they will find best things they can do like trading, investment or others.

Trading is only for people who have good capital, risk management, can build up good plans, control their emotion, and can do their plans, strategies with good discipline. Everyone can join the market and trade but to live with it, get profit from it, they need many necessary things, knowledge, experience and discipline.

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April 17, 2024, 05:52:47 AM
 #77

Quote from: Nrcewker
People need to understand the fact that trading gives more profit than holding the coins, but with more profit, more risk also comes. Hence there is equal probability that you might lose the money more quickly. But most of the newbies overlook this thing and hence they fall for the trading trap. Without taking precautions or proper research they start trading, and hence they face losses at the end of the day. According to me, if you are busy and don’t have time for trading, then holding the best option.

I agree with you, trading give more income than holding which I have experienced that many times that made me to settle down with trading, because the moment you want to trade in the market show that you have a target to achieve from the trading but if you are holding that coins in your wallet, it will not bring income to you until you change your mind to trade them. Trading require knowledge and once you have the knowledge of cryptocurrency trading you will not be afraid to take any risks in the market, because you know when to trade to make income and when not to take risks to avoid losses, but newbies will never consider all those things before they will jump into trading. You can make your choice either holding or trading your coins, because trading doesn't belong to everyone because you must create a time to learn so many things that will impact you before going into cryptocurrency trading.

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April 17, 2024, 06:48:15 AM
 #78

Quote
That's why not many people can become pro traders. They have to learn a lot before becoming traders, which requires a process. That makes many people not want to take the time to learn about trading.

This is true; although everyone has the opportunity to become a trader, the only difference is the determination and dedication of those who enter this field of trading, whether it is crypto or forex. But not everyone is for it.

That's why most of those who enter this type of industry think it's easy to get earnings here, but the truth is that it's not really easy; instead, there is a process before we have a wide knowledge of trading. Because if all others think about is luck, for sure they will not really succeed in the end.

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tygeade
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April 18, 2024, 12:59:03 PM
 #79

Knowledge and skills are a factor but doesn't mean this would make you succeed. No, trading is not as easy as we think because many traders have huge knowledge of the market but still end up losing due to uncontrollable emotions. So if we think that we are not really capable of doing this, we'd rather not force ourselves because, in the end, we are still one to suffer. Even though we are spending a lot of time studying market behavior, it is too different in actual situations and this is a huge problem by most.
Having knowledge and skills does not necessarily guarantee that someone can be successful in the trading they do because there are many things that a person must consider in order to be successful in trading and it would be better for us to measure our abilities before deciding to trade because if we continue to force ourselves without good knowledge and skills, we cannot trade so as not to experience losses in the trading we do, but if we already have the knowledge and can control our emotions when trading, of course we can trade to make a profit from trading.
It doesn't guarantee any income, but it also doesn't mean that you are going to lose it neither. We are talking about a situation that is a little bit more personal and I believe that we are going to end up with a situation that's going to be a lot more complicated as well. I personally believe that the best thing to do right now would be a way to move further, and that has to be very sensitive.

If you know what you are doing, then there are moments when you could consider as not ideal, but that doesn't mean that we are not going to profit, we could keep profiting if we know what we are doing. I believe that we are in a situation where it's possible to make as much money as possible if we know how to trade.

Z_MBFM
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April 18, 2024, 02:20:09 PM
 #80

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading.

Sometimes we can be interested on something we have no idea about, but when we are determined to learn through the required process in doing such, we will make an achievement on such, any trader or potential one should go through the due process by acquiring the required skills, knowledge and understanding of how to trade, then start by little before they can grow their investment on trading, if someone finds this difficult, then they had better hodl and avoid trading in other not to lose money, holding over time will earn them income as well when the market surges.
Trading is for everyone if one has a budget for trading. And that money is idle money for him. Trading does not guarantee one constant profit but it is possible to profit from trading if one has long experience and skills to analyze the market. Because in the case of trading, to buy any token or coin, you have to do a good research on that token or coin that there is a possibility of it crashing or not. So everyone must have the ability to do this research to be successful in trading. Trading is for everyone if everyone has analytical skills. otherwise trading is not for everyone

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