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Author Topic: What people some people don't know about trading  (Read 705 times)
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April 17, 2024, 09:33:02 PM
 #41

I have seen where people say trading is a quick to get money.

This is a trick by certain people or platforms to trap new people. Or, this is a naive hope for beginners in crypto who only see the results of the success of traders or investors in crypto trading. And in the end, if they can feel for themselves how this phenomenon works, yes, they will definitely feel cheated. because there is nothing instant to achieve success, especially in trading.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
That's the process. because after all, the trading process is very complicated. while we fully understand that trading, on the other hand, is very risky. So, even professional traders certainly don't have an easy time going through the whole process. But what is certain is that it is not easy to produce such large numbers. especially for those of us who are not professional day traders.

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April 17, 2024, 10:05:19 PM
 #42

I have seen where people say trading is a quick to get money.
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

Trading can never be a quick to get money business, nobody makes it immediately they start trading and still be able to sustain their profitability for a long time. Trading is a hard work, discipline and dedication business that pays off only when you have spent months learning how to perfect your trading skills and for some individuals it requires years then you can win more than you're losing before you can say you have become good at trading. Trading can not be learnt fully, you have to learn some things while you're already trading. You need to know the basics things and be willing to learn as you go further into trading. Using a shortcut for trading puts you in a position to lose everything that you have including not being able to have the experience that every trader should have because it helps them when they're making future trades.

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April 17, 2024, 10:08:44 PM
 #43

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
Can be more of the time that they've allotted in trading. Those that are earning a lot with trading, you have to think how much capital they have. Because in trading, the lower capital you have ,the lower expected gain that you'll have as well. Sometimes, someone becomes lucky that their airdrop money becomes a lot and that also contributes to the amount of money that they earn as they need to trade that airdrop reward for actual money for their own gains.



 

 

 

 

 

 


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April 17, 2024, 11:32:16 PM
 #44

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
Can be more of the time that they've allotted in trading. Those that are earning a lot with trading, you have to think how much capital they have. Because in trading, the lower capital you have ,the lower expected gain that you'll have as well. Sometimes, someone becomes lucky that their airdrop money becomes a lot and that also contributes to the amount of money that they earn as they need to trade that airdrop reward for actual money for their own gains.
Well, big capital attracts huge profits as well. But it also matters on how skillful and strategic a trader is, as not all big time traders end up with massive profits. So the length of time a trader dedicates in the market really matters a lot.

However, there are also traders that are actually born passionate with trading and they really are good in predicting market analysis, and with luck in addition, that will be easier for them to gain thousands of profits when trading even with lesser experience than other successful traders.

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April 17, 2024, 11:39:26 PM
 #45

I have seen where people say trading is a quick to get money.


Even in cases of luck, it doesn’t work like that. You must have to have put in some appreciable effort before you can win big in anything you want to do

Quote
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Trading can never be a rich quick scheme, if it was, many would have stopped any other method of making money and will focus more on trading. Just like any other job, you need to learn it consistently before you can become good at it. Depending on individual and varying knowledge of understanding, it takes little or more time for them to be perfected in trading. Trading is not an airdrop scheme where you don’t need to put in anything and get something, here your knowledge is required and time.

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April 17, 2024, 11:53:17 PM
 #46


I have seen where people say trading is a quick to get money.

This is a trick by certain people or platforms to trap new people. Or, this is a naive hope for beginners in crypto who only see the results of the success of traders or investors in crypto trading. And in the end, if they can feel for themselves how this phenomenon works, yes, they will definitely feel cheated. because there is nothing instant to achieve success, especially in trading.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
That's the process. because after all, the trading process is very complicated. while we fully understand that trading, on the other hand, is very risky. So, even professional traders certainly don't have an easy time going through the whole process. But what is certain is that it is not easy to produce such large numbers. especially for those of us who are not professional day traders.
Sometimes what most this professional does is to participate in different events like the BTC halving futures trading that rewards a certain amount of up to 0.5 Btc. The only requirement would be how high your volume is. Now a professional trader or someone who knows what he's doing in trading would see this as using one stone to kill two birds. Hence how easily they earn more than $200 in trading

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April 17, 2024, 11:56:51 PM
 #47

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
Trading is the most risky business. I think those who consider trading platform as a very easy way to earn have no experience in trading. Even after years of trading experience, there are times when the market peaks and falls and loses money. It's not too long ago, just 5-10 days ago, the market dumped a lot of money, people lost millions of dollars. So this trading platform should never be seen as an easy way to earn.  However, by gaining enough experience from the trading platform, one can earn by trading. In this case, some experience is essential. One cannot be too greedy, one cannot lose patience and one cannot trade on the basis of emotions. By adopting these few trading platform strategies, a person can make some money from the trading platform. I will say again that it should always be remembered that trading platforms are not easy means to obtain.

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April 18, 2024, 12:00:46 AM
 #48

I have seen where people say trading is a quick to get money.

Such types of people are assuming that trading is very easy and just buying and selling will make them wealthy in just a short time period but if they examine the reality then there is nothing more than losing their money in trading.

 If one has got knowledge about trading, has full command of his emotions, knows better about when to buy and when to sell, as well as should mentally prepare  that if they enter into the market they will surely see some loss and one cannot get quick earning in trading then they will understand better and will not fall into wrong thoughts like that of a gambler.
Exactly, and the interesting part about crypto trading is that we have other alternatives whereby we can be learning trading while earning. The features in which exchanges like Bitget, bybit and even Binance have presented could help one not to be in a hurry to trade like the Sniper range feature

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April 18, 2024, 12:06:04 AM
 #49

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
Trading is the most risky business. I think those who consider trading platform as a very easy way to earn have no experience in trading. Even after years of trading experience, there are times when the market peaks and falls and loses money. It's not too long ago, just 5-10 days ago, the market dumped a lot of money, people lost millions of dollars. So this trading platform should never be seen as an easy way to earn.  However, by gaining enough experience from the trading platform, one can earn by trading. In this case, some experience is essential. One cannot be too greedy, one cannot lose patience and one cannot trade on the basis of emotions. By adopting these few trading platform strategies, a person can make some money from the trading platform. I will say again that it should always be remembered that trading platforms are not easy means to obtain.

Ah yes! I remembered, how those who long got liquidated in the matter minutes. As of then I didn't bother trading since BTC is my measure asset I trade. I basically stored them in Savings to acquire the high Apr I saw. Still yet, I was monitoring the market and saw how that event happened

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April 18, 2024, 03:31:38 AM
 #50

Exactly, and the interesting part about crypto trading is that we have other alternatives whereby we can be learning trading while earning. The features in which exchanges like Bitget, bybit and even Binance have presented could help one not to be in a hurry to trade like the Sniper range feature
There's a lot of way to become more effective in crypto trading and we should always think that this is not an easy money scheme.
In trading, you have to understand everything and you should not make any action without having your own analysis.

I understand why many prefer to join any trading signal group, but if you really want to succeed, you can continue to learn while you are still part of that group because sooner or later, that group will become useless and at the end of the day you are still the one who can trade on your own.

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April 18, 2024, 06:03:20 AM
 #51

Off-topic:

@OP, you need to edit the title and remove the word "people" after "What" because it's extra.

And, I have seen you making back-to-back posts and that is against the rules. So please refrain from doing that and instead, quote everyone and respond to them in a single post.


On-topic:

There's a lot of way to become more effective in crypto trading and we should always think that this is not an easy money scheme.
In trading, you have to understand everything and you should not make any action without having your own analysis.

You are right, but who would make people learning about the existence of cryptocurrencies understand the actual concept behind them? They hear about stories and stuff that people have earned millions of dollars from cryptocurrencies and now they have that image in their mind about cryptocurrencies.

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April 18, 2024, 08:10:09 AM
 #52

So, how can you earn 50-1000k like them if you didn't put in the work?

You are right, because success does require hard work, including trading and those who consider trading as a quick way to make money are people who enter into trading because they are misinformed, seeing successful traders making a lot of money and thinking it is the result of a fast process when it is not.
Traders who are consistent in continuing to learn will be able to survive and be able to earn, but how much income they earn will of course depend on the capital used, and achieving that takes a long time and often before achieving what is expected they stop because they are not too patient in following the process that must be carried out.

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April 18, 2024, 09:39:28 AM
 #53

Those who think that trading is the main purpose of making money is not correct at all, but it is never a place to make quick money. Rather, when you step into trading, there is always the risk of losing your money. Any time you lose, you can get emotional. Trading is a place where you have to work hard and need the most knowledge and experience, otherwise you will never make money from it. To start trading you first need to take some tips about the volatility of the market and analyze the market if you can observe them well then you can start trading. Moreover, if you go for trading then it will always be risky for you, and you will lose money and never get close to profit. Anyway I think you keep trading with the amount of money you can afford to lose because at any time you can lose, and you can be emotional, so start it with the amount of money you can afford to lose. Only when you can bear the risk of losing your money can you go into trading and have a chance of getting a share of the profits. But you must always remember that it is not possible to make quick money by trading, so you must always be careful about this.

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April 18, 2024, 11:44:11 AM
 #54

I have seen where people say trading is a quick to get money.
An unrealistic mindset never wins. These people will just stay short and quit. Or, that quicker they lose their money.

Quote
[/b]
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
No matter how long you've been trading, you can never find profit consistency. Maybe their chance is high but still, they can't escape from losing. Even though we have already gained deep knowledge and great trading skills, this won't change the fact that this won't ensure profit.

For me, at least earning $1,000 per month is big enough as a minimum. We can push hard to reach high but must remember that greediness always never ends good.

R


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April 18, 2024, 12:50:25 PM
 #55

that's not wrong. Very many people actually see trading like that. In fact, many people think they can turn the $10 they have into hundreds of thousands of dollars in a short period of time. In addition, many new traders think that meme coins can have prices that may reach tens of dollars or even higher. Sometimes what they imagine is different from reality.
Many people realize that, and try to pursue trading the right way, and I think the people who succeed come from people who think like them.


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April 18, 2024, 06:35:08 PM
 #56

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?

Apparently trading is quite easy and possible for anyone to do it and the only skill they need is basic internet knowledge. Theoretically trading is the fastest way to make money in the cryptos but it's different in the real world, having consistent success while doing trading is close to impossible. Another thing you may work hard and build a perfect trading strategy still you may end up in a loss.









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April 18, 2024, 07:22:17 PM
 #57

I have seen where people say trading is a quick to get money.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

So, how can you earn 50-1000k like them if you didn't put in the work?
If I should answer any question concerning quick money mindset and trade then I will agree with this mindset. Comparing trade and hold you'll definitely find out people earn quick with trade than hold, since this is not the point here, trading need a little time to learn the basics skills involved and not just learn but you sacrifice a lot of money during the process. Aside from lose, acquiring trading knowledge requires money, I know a lot of newly traders who spend money on weekly tutorials just to acquire trading knowledge. My advice for people with this mindset is nothing comes so easy, successful traders sacrificed a lot and I'm sure whenever they share stories about their trading experience they will never forget to mention the struggles involved. Definitely trading render benefit like the quick money profit compared to hold but the only discouragement here is the loss but I learnt a principal about earning; you can't earn without giving out so any experience I get right now is just a lesson and correction

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April 18, 2024, 07:51:42 PM
 #58

A fast way to get money, But also a fast way to become poor. People who say that trading is a quick way to get rich are those who only know about trading people who make money easily, but behind it all there are more losses that occur. Don't just look at one side, because that's not fair enough. People with 1-2 years of experience in trading may not necessarily be able to get big profits, this just depends on how they learn and how to carry out good and correct strategies, because there will be no guarantee of profit. Losses will definitely happen to anyone, it's just how they can manage them well.
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April 18, 2024, 07:58:08 PM
 #59

I have seen where people say trading is a quick to get money.

For skillful people and knowledgeable about their trades, this is correct but obviously, it does not end there, it is also quick to lose money.

Quote
But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.

Those who earn massively in trading are those who have dedicated 1-2 years of their time to learning a particular skill to perfection.

Aside from working hard, trading is a place for people who have a knack for telling the future trends of the market.  1 - 2 years of their time is too short to learn the ropes of trading let alone perfecting trading skills.  Trading is continuous learning and researching because of the many variable factors that can affect the market.  These too many variable factors are the reason why even TA experts make a lot of errors in their price predictions.  This is also why there is a 1% rule[1] in trading where traders do not risk more than 1% of their holdings in a single trade.



[1] https://www.investopedia.com/articles/trading/09/risk-management.asp

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April 18, 2024, 08:19:43 PM
 #60

I have seen where people say trading is a quick to get money.

Don't be easily lulled into believing words like this. Don't even trust anyone saying to be rich quickly overnight by following or depositing ........  bla and bla bla.. They have high possibilities to trick you.

But I see it differently. Rather, trading is a place that shows those who work hard, put in consistency and are ready to learn and those who think they can outsmart their way in.
Yes, there must be a good combination and very thorough preparation to be successful in trading. What this means is getting more profits than losses every day. And this is actually quite possible, as long as there are several things that need to be prepared. Yes, you are right, work hard, consistency, lean smart way, are very important things. Undertaking in trading is also very important because it involves the strategy that is applied and also the decision making that will be made at a certain moment or position.

R


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