Lack of capital or knowledge, which one is holding traders back from profits?

[Mahanton]

What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.

Deciding to take the wrong action is one of the causes of hampered profits for traders.   This is due to a lack of knowledge so that there is concern that prices will experience a sharper decline.   Without further knowledge or research, A trader can get trapped because he chose the wrong coin to trade, this is because trading on a type of coin that is trending because many people are talking about it can generate profits quickly in a short time.  It is not a good reason that a lack of capital can hinder you from making a profit. If you continue to be consistent, even if you have little capital, your value will certainly increase if you have knowledge of the coins you are trading.

Mistakes and errors are really just that a common thing since we arent that all knowing beings on which there are really things on which we dont really know and this is why on the moment or time that we would really be tending to make up such engagement then we would really be making ourselves that be having that kind of hindrance due to lack of knowledge and experience but since there's no way that we could be able to learn from it then we would really be tending to experience it out. Therefore, the only key on here on having such progress is to learn up from your mistakes and this is something that you should really be needing up to consider.
We are all loving on having that income source or making profits on various things and trading could really be able to give that opportunity. It is really just that it wont really be that easy.

Lack of capital? Its something that you could be able to look or provide on.
Lack of knowledge? Experience would be the key.

It is really just that a matter of choice and perseverance whether you would really be prepared or ready on dealing up with
an unpredictable market.

[laubeaud]

Knowledge. Once you have knowledge, capital is not a problem. When you have skills and experience, you will easily get a job. The same thing applies to trading.

[justdimin]

every beginner can make a mistake when they started trading without any guidance and I was also making that same mistake but as I got a mentor everything changed. Every trader needs a mentor so they do not make mistake that can discourage them from going further in trading. They might think that the mistake would not mean much but when it happens it can lead them to giving up on trading. Knowledge is what we need to have before we start trading, without knowledge no trader is going to becomes a successful trader. Most upcoming traders think that they can learn how to trade when they start trading without the knowledge of trading but it becomes difficult as you will be chasing the money and not the knowledge if you start trading without learning how to do it properly.

I feel like that "mentor" position isn't a simple one, you do not know how great or how terrible a mentor could be. You could find a great mentor and then they will teach you all the ropes, and they will help you make money, and even if you make a loss, they will figure out what was the mistake and show you the mistake and tell you how to avoid it when you do it again, even if you ever repeat it , they will go back and show you how the fixing would have been.

This is of course something that would be very hard to find, because good mentors usually do not come in dozens, they are very rare. What about bad ones? They are everywhere, and I believe that we should probably avoid making some sort of big decisions based on this, it is not that easy at all.

[Abu-Naim]

What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.

The two problems are problems that can have solution.

If you are having financial issues, then you should look for way to work physically or online to earn money so that you can continue or start your trading journey since you have the knowledge and have some experience on how to manage your wealth and succeed in trading to make profit form it.
While if you have capital and lack knowledge on how to make it through trading, it is simple; just quit trading for a while and focus on learning, you should learn about trading from different sources first and if possible have a demo account, practices and make sure you are good to go before you continue, so as not to keep losing your money due to lack of knowledge.

You can never achieve success in anything not just in trading without knowledge, that is why it is good to learn first before starting your journey.

[Dewi Aries]

I think it is clear that the answer is a lack of knowledge that can make a trader experience a lot of delays in terms of making a profit, because for capital problems you can do it from the smallest capital according to you but when you have knowledge and knowledge or a very good strategy then you will be able to turn the small capital into large over time. This is trading and not gambling where knowledge and skills are one of the keys to profit.

In fact, without knowledge you will not be able to get the maximum profit and most likely what will happen is that you will suffer a lot of losses in each of your trading sessions. This means that knowledge or knowledge is the most important, and it is a fact that by having knowledge or knowledge, you will be able to make a lot of money more easily, so this knowledge should be prioritized to maximize.

[AnonBitCoiner]

Knowledge. Once you have knowledge, capital is not a problem. When you have skills and experience, you will easily get a job. The same thing applies to trading.

In my opinion both are important because if you have knowledge but have no capital then how will you arrange capital for it? Will you take loans from others for  investment? I think this is not a good idea because investment is risky and if someone takes a loan for it then it becomes more risky therefore we should think completely and should not avoid any of these necessities because without any one we cannot manage our investment.

In case of a job if you have skills then you can utilize these skills to make money but in investment you should first utilize your money and then with using skills  you can increase your wealth. It is possible to first use your skills in something else to earn and then use that earned amount with your knowledge into a good project.

[Lanatsa]

Knowledge. Once you have knowledge, capital is not a problem. When you have skills and experience, you will easily get a job. The same thing applies to trading.

In my opinion both are important because if you have knowledge but have no capital then how will you arrange capital for it? Will you take loans from others for  investment? I think this is not a good idea because investment is risky and if someone takes a loan for it then it becomes more risky therefore we should think completely and should not avoid any of these necessities because without any one we cannot manage our investment.

In case of a job if you have skills then you can utilize these skills to make money but in investment you should first utilize your money and then with using skills  you can increase your wealth. It is possible to first use your skills in something else to earn and then use that earned amount with your knowledge into a good project.

It would really be that mutually be needed to each other on which its true that when it comes to knowledge and to make it work then you would be needing up that capital, and so as with having that capital without knowledge wouldnt really be that effective as such.This is why at the moment that you would really be dealing up with something that pertains about investing or trading then it would really be needing up both things for you to be able to thrive and survive. This isnt something that you could be easily handled well without having that hard work and of course it would really be just that normal that you will really be that considering different factors on which it could affect overall profitability. As a trader then dealing up with a volatile market is really that challenging. We might not be able to directly be profitable due to lack of knowledge and experience but at the moment that you do have a good grasps into it on a particular moment on which it would be changing up everything.

It all matters on how you do sustain yourself and would really be able to adapt on whatever condition that you might be able to experience ahead. The thing here is that adaptation on different
market conditions would really be the key.

[Franctoshi]

I think it is clear that the answer is a lack of knowledge that can make a trader experience a lot of delays in terms of making a profit, because for capital problems you can do it from the smallest capital according to you but when you have knowledge and knowledge or a very good strategy then you will be able to turn the small capital into large over time. This is trading and not gambling where knowledge and skills are one of the keys to profit.

In fact, without knowledge you will not be able to get the maximum profit and most likely what will happen is that you will suffer a lot of losses in each of your trading sessions. This means that knowledge or knowledge is the most important, and it is a fact that by having knowledge or knowledge, you will be able to make a lot of money more easily, so this knowledge should be prioritized to maximize.

Exactly Knowledge is the game here, if you have the knowledge you can in one way or the other raise funds to trade to make profits but when it comes to knowledge it becomes a big challenge because trading isn’t something that for majority of people they find it easy to grasp, it also involves experience to be able to profitable in trading, get the knowledge first and wait for the funds and let's see how you won't profit, knowledge is therefore the major challenge that most traders face to become that profitable trader they wish to be.

[Lantind]

Exactly Knowledge is the game here, if you have the knowledge you can in one way or the other raise funds to trade to make profits but when it comes to knowledge it becomes a big challenge because trading isn’t something that for majority of people they find it easy to grasp, it also involves experience to be able to profitable in trading, get the knowledge first and wait for the funds and let's see how you won't profit, knowledge is therefore the major challenge that most traders face to become that profitable trader they wish to be.

Knowledge is of course very important for those who try to make a profit from the trading they do because without knowledge it will certainly be difficult to make a profit from trading, what you say is very true, it is not easy to understand trading, so it is important for us to be patient. when studying it and it would be better when trying to trade we can do it by focusing on analyzing the market so that we can make the right decisions so that we can make a profit from the trading and regarding funds of course you can use a little capital first and after understanding and having experience in the trading that we do, of course we will be able to try with larger capital to be able to get profits according to what we want.

[Ben Barubal]

     If you are going to do trading, you must have fuel in the car to run it. Because the car will not run without fuel. The same goes when you enter the trading industry. In order to progress here, you need to have another source of income. Because, for sure, it will be difficult for you to last long.

     The number one thing is that you should study this to expand your knowledge of trading, because this will be your key to making a profit. You may not be able to get another source of income if you are not strategic, and the same should be the case with being an individual. traders.

[Fredomago]

     If you are going to do trading, you must have fuel in the car to run it. Because the car will not run without fuel. The same goes when you enter the trading industry. In order to progress here, you need to have another source of income. Because, for sure, it will be difficult for you to last long.

     The number one thing is that you should study this to expand your knowledge of trading, because this will be your key to making a profit. You may not be able to get another source of income if you are not strategic, and the same should be the case with being an individual. traders.

Good point and same with your argument you can't also run a car if you don't know how to drive, even there's fuel on it if you don't know how to drive then for sure you'll not going to push forward, it's both important but most affects the knowledge those who don't have time will not go ahead and invest to this industry even they've got money they will not risk on it, so it's important to have that knowledge and understanding as you can developed it after, especially if you have decent amount of money to use.

[Gaza13]

Deciding to take the wrong action is one of the causes of hampered profits for traders.   This is due to a lack of knowledge so that there is concern that prices will experience a sharper decline.   Without further knowledge or research, A trader can get trapped because he chose the wrong coin to trade, this is because trading on a type of coin that is trending because many people are talking about it can generate profits quickly in a short time.  It is not a good reason that a lack of capital can hinder you from making a profit. If you continue to be consistent, even if you have little capital, your value will certainly increase if you have knowledge of the coins you are trading.

At least if we make a decision to determine our trading options, of course what we need is knowledge in this matter. Indeed, sometimes capital really determines how we play in the trading market, with sufficient capital we can play for quite a long time compared to small capital. Agree with what you said above, if we are equipped with knowledge but we have minimal capital, this does not make the person afraid to make a profit there. In my opinion, the first point is knowledge, without knowledge we will lose our way of playing and most likely will lose a lot of money there, and in my opinion number two is money.

[Dewi Aries]

I think it is clear that the answer is a lack of knowledge that can make a trader experience a lot of delays in terms of making a profit, because for capital problems you can do it from the smallest capital according to you but when you have knowledge and knowledge or a very good strategy then you will be able to turn the small capital into large over time. This is trading and not gambling where knowledge and skills are one of the keys to profit.

In fact, without knowledge you will not be able to get the maximum profit and most likely what will happen is that you will suffer a lot of losses in each of your trading sessions. This means that knowledge or knowledge is the most important, and it is a fact that by having knowledge or knowledge, you will be able to make a lot of money more easily, so this knowledge should be prioritized to maximize.

Exactly Knowledge is the game here, if you have the knowledge you can in one way or the other raise funds to trade to make profits but when it comes to knowledge it becomes a big challenge because trading isn’t something that for majority of people they find it easy to grasp, it also involves experience to be able to profitable in trading, get the knowledge first and wait for the funds and let's see how you won't profit, knowledge is therefore the major challenge that most traders face to become that profitable trader they wish to be.

One of the reasons why some people fail in trading is because they come without adequate knowledge about trading so that in the end instead of making a profit, what happens is the opposite, they actually experience a lot of losses. I understand that to gain knowledge, someone has to get involved. first to gain experience which will later be used as a basis for knowledge, but some people who fail usually trade recklessly, or that means they have traded with real money while they are not ready to trade using real money because their knowledge is still low, and I am sure They are typical traders who come because they are too focused on profits but their various actions are not based on knowledge.

Knowledge is one of the things that is difficult to obtain because it requires a trader to learn various complicated things and also requires them to walk first to look for experience that will be used as knowledge, but that is what all novice traders have to go through if at all. want to get consistent profits in trading, there are no significant results with little effort, meaning they have to fight first to get something they want because only knowledge and experience can lead them to profits.