hyudien
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May 13, 2024, 03:37:00 PM |
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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?.
Supporting capital and knowledge that continues to be explored is the main basis for truly surviving in any trading industry, including crypto trading. Because these 2 elements are related to each other, if one of them is not balanced it will not produce optimal profits. For example, if you have capital but don't want to learn how to trade, being lazy about experimenting with analytical techniques will only make you lose. On the other hand, if you have sufficient knowledge and are willing to learn new things but if you have capital constraints, you will also have difficulty making a profit. However the second option is still better even if the capital is not sufficient, but if you have knowledge in trading, in theory it can still be attempted. Because with this knowledge, little by little you can find ways to utilize your skills.
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Gaza13
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May 13, 2024, 03:41:50 PM Last edit: May 13, 2024, 04:28:12 PM by Gaza13 |
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In the beginning of your trading probably our first 1 year, you don't need a large amount of capital to learn how to trade, how to read price action, and to manage risk. You can even learn without any money because paper trading accounts are available right now. So there is no problem with that. You are only worrying about the money because you want to make money right away which is not the case in trading. On your first year, you will absolutely lose a lot of times. And instead you should focus on the process and building good habits. Discipline and commitment is the common problems among traders that holds them back from being profitable.
Agree with what you say, to learn trading things is not easy, we have to take quite a long time to master this knowledge. Indeed, the two cannot be separated, on the other hand, those who already have skills but don't have the capital to trade, don't push too hard if they don't have the money to trade. If your financial condition is stable, you can trade. Trading doesn't have to involve a lot of capital. If a beginner has a fairly better financial condition, in my opinion they should learn first, don't just think about getting instant profits if they don't want to fall deeper into their finances. Learn from the closest people or friends who played it much earlier.
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tygeade
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May 13, 2024, 07:44:01 PM |
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If everything were so simple—to accumulate some capital and follow the ready-made path of trading, which necessarily implies profit—would there be stories about unsuccessful traders? However, we often see the opposite. There are a lot of people with money who lose it due to insufficient preparation, too many emotional transactions, etc. However, of course, having a lot of money comes with the great privilege of learning from mistakes and creating your strategy step by step. Compared to those who do not have many chances for additional attempts due to a lack of funds.
Lack of capital usually suggests a small starting capital, if you have 1 million dollars then yeah you would learn how to be a trader with time and by the time you learn it you would still have a lot of money, although there are people who lost a million dollars on leverage because they are idiots who risk way too much, more than they should. In reality, I agree that it is about trading and how to do it, because there isn't any ready made path, it takes a lot of work and a lot of studying to become a trader who would be dynamic enough to know what they should at what moment. Trading isn't something we can just give a paper and tell someone to follow it, this isn't some food recipe, it is something you need to learn with time.
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milewilda
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May 13, 2024, 08:13:58 PM |
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If everything were so simple—to accumulate some capital and follow the ready-made path of trading, which necessarily implies profit—would there be stories about unsuccessful traders? However, we often see the opposite. There are a lot of people with money who lose it due to insufficient preparation, too many emotional transactions, etc. However, of course, having a lot of money comes with the great privilege of learning from mistakes and creating your strategy step by step. Compared to those who do not have many chances for additional attempts due to a lack of funds.
Lack of capital usually suggests a small starting capital, if you have 1 million dollars then yeah you would learn how to be a trader with time and by the time you learn it you would still have a lot of money, although there are people who lost a million dollars on leverage because they are idiots who risk way too much, more than they should. In reality, I agree that it is about trading and how to do it, because there isn't any ready made path, it takes a lot of work and a lot of studying to become a trader who would be dynamic enough to know what they should at what moment. Trading isn't something we can just give a paper and tell someone to follow it, this isn't some food recipe, it is something you need to learn with time. Huge money doesnt mean that you would really be having that advantage at all on which we know that when you do lack that experience and knowledge then you would eventually be ending up on having that probability that you would be able to lose money and this is something that do means that money isnt everything.Although you would really be having that advantage over into those people who doesnt have that much money but just like on what you had mentioned is on the time that you do have less money then you could start off with small capital on which you could eventually be able to compound those profits until you do make it big but of course this isnt something that would be an assured thing to happen because success would really be that depending on how well a certain person wowuld really be doing trading on which we know that this isnt a skill that you could learn up so easily. This is why on the time that you are still that starting up then it would be better that you should really know on what you are doing and despite on having less capital then you could still make trades out of it. The key on here is that you dont make yourself that in a rush because this is where mistakes do usually happen.
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rhodelmabanal
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May 13, 2024, 08:41:53 PM |
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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
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?.
both capital and knowledge on trading is a big problem, as a trader you need to have a knowledge on how to do trading on a perfect way to make a huge profit and at the same time you also need a big capital to earn big, so we really need the two important thing which is knowledge and money as capital and this ks really a serious problem to small time trader we can really feel the pressure of not having enough capital and knowledge this is a sad reality.
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Bravut
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May 13, 2024, 10:28:09 PM |
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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
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?.
both capital and knowledge on trading is a big problem, as a trader you need to have a knowledge on how to do trading on a perfect way to make a huge profit and at the same time you also need a big capital to earn big, so we really need the two important thing which is knowledge and money as capital and this ks really a serious problem to small time trader we can really feel the pressure of not having enough capital and knowledge this is a sad reality. On a scale of preference, Knowledge comes first. I believe why traders loss is because of lack of knowledge and this is the major problem not really about capital of course before you get into trading you are already have a source of income. And any trader who has the right knowledge can flip or grow whatever account size and scale up, there are proper firms. You don't need to have huge capital to earn big, that's trash mentality.
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BitMaxz
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May 13, 2024, 10:48:32 PM |
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both capital and knowledge on trading is a big problem, as a trader you need to have a knowledge on how to do trading on a perfect way to make a huge profit and at the same time you also need a big capital to earn big, so we really need the two important thing which is knowledge and money as capital and this ks really a serious problem to small time trader we can really feel the pressure of not having enough capital and knowledge this is a sad reality.
I don't think you really need a huge capital to start trading the only advantage of having a big capital on trading is to make a profit in small fluctuates and the advantage of using small leverage. That's the disadvantage for small accounts but you can still able to trade and another thing is if you are not confident yet in your own trading skills it's always better to practice in paper money some exchanges offer such services as demo trading like in OKX or use tradingview. Trading is honestly pretty risky on small traders if you trade in a smaller view or time frame you will experience some big spikes that is why I do recommend the higher time frame as it gives you a better view and prediction its just not good for intraday but the result is better than trading lower time frames 1m, 5m, and 15m I tried that I lose fast and you need to react right away because there are lots of manipulation in lower time frame than on higher time frame.
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tottong
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May 14, 2024, 02:40:04 AM |
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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?.
We always have a solution when we want to try to achieve a better life, but sometimes we are too lazy to try harder to get it. In terms of trading, both of them do have quite an important role, where money is the first step to reach the stage of being able to make a profit, but without good trading knowledge, money is also unable to provide profits in trading because people don't know how to do it. Lack of capital can be increased over time and if our trading knowledge is good then it will provide a way to start trading consistently. Although sometimes trading does not always produce profits, if the trading knowledge we have is good then people can trade with small capital and continue to increase it consistently.
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retreat
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May 14, 2024, 04:56:51 AM |
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Even though there are actually several other factors that make trading successful, such as self-confidence, risk management, and experience in the market, if you ask me which is more important, capital or knowledge, then I will answer knowledge. Because no matter how big your capital is, if you lack knowledge then what will happen is that you will make the wrong decisions in your trading and that will result in losses. However, when you have knowledge, no matter how much capital you have, then when you utilize that knowledge you can turn it into something that brings profit to you.
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Hamphser
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May 14, 2024, 06:59:31 PM |
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Even though there are actually several other factors that make trading successful, such as self-confidence, risk management, and experience in the market, if you ask me which is more important, capital or knowledge, then I will answer knowledge. Because no matter how big your capital is, if you lack knowledge then what will happen is that you will make the wrong decisions in your trading and that will result in losses. However, when you have knowledge, no matter how much capital you have, then when you utilize that knowledge you can turn it into something that brings profit to you.
Knowledge or lacking of it will surely be the thing that makes you do hold up your thing or being skeptical on the things that you are dealing with since you do know that when it comes to this matter on which its impossible that you cant be able to notice it out on the time that you would be tending to engage on. You would really be that skeptical due to lack of awareness or simply having that kind of knowledge which you would really be mainly be needed.If we do speak about less capital then this is something that could be easily be find out or would be solution. This is why on the time that you would be able to engage with it then you would be able to obtain that experience and this is something that gets that sufficient knowledge but of course it would really be a never ending thing since learning within this market will really be having no end point and would be continous.
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KeenanEl19
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May 15, 2024, 05:16:14 PM |
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Even though there are actually several other factors that make trading successful, such as self-confidence, risk management, and experience in the market, if you ask me which is more important, capital or knowledge, then I will answer knowledge. Because no matter how big your capital is, if you lack knowledge then what will happen is that you will make the wrong decisions in your trading and that will result in losses. However, when you have knowledge, no matter how much capital you have, then when you utilize that knowledge you can turn it into something that brings profit to you.
I agree with your thoughts, if I had to choose then I would also choose knowledge. Of course trading must be done with sufficient knowledge, if we don't have sufficient knowledge then it is very unlikely that we will be able to make a profit, or will we only rely on profits and miracles? it's not recommended. What you say is correct, no matter how much capital is used, if we lack knowledge then it will be meaningless, it will only be a waste of time and money. but on the contrary, with good knowledge or understanding, no matter how small the capital, it can be utilized as well as possible. in the sense that small capital is a reasonable limit for being able to trade.
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Vinaa77
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SecureShift.io | Crypto-Exchange
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May 17, 2024, 08:19:21 AM |
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Even though there are actually several other factors that make trading successful, such as self-confidence, risk management, and experience in the market, if you ask me which is more important, capital or knowledge, then I will answer knowledge. Because no matter how big your capital is, if you lack knowledge then what will happen is that you will make the wrong decisions in your trading and that will result in losses. However, when you have knowledge, no matter how much capital you have, then when you utilize that knowledge you can turn it into something that brings profit to you.
Everything you say is really needed by someone who wants to get good results from the trading they will do and having knowledge is of course the most important thing before deciding to trade because without knowledge of course it will be very impossible for us to start trading and If indeed we force ourselves to keep trading, of course this will make us lose the money we have on the trades we make. It is true that whatever capital we have, with good knowledge about trading, of course we will be able to make the money we have. These can increase and we will be able to make the right decisions on the trades we make.
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Cryptomultiplier
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May 17, 2024, 05:19:38 PM |
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Even though there are actually several other factors that make trading successful, such as self-confidence, risk management, and experience in the market, if you ask me which is more important, capital or knowledge, then I will answer knowledge. Because no matter how big your capital is, if you lack knowledge then what will happen is that you will make the wrong decisions in your trading and that will result in losses. However, when you have knowledge, no matter how much capital you have, then when you utilize that knowledge you can turn it into something that brings profit to you.
You are very on point, as it is knowledge for me that makes a trader have more profits, rather than capital. I also think that character in addition to knowledge is more profitable because a trader might have the right knowledge and even the capital, but lack the right character needed to remain in the market for long and be more valuable and profitable. A trader whose ego is over the roof would have to struggle to remain knowledgeable because no one would like such character to get close enough and despite their capital, they may have to sacrifice much to gain or become successful in trading.
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AnonBitCoiner
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May 17, 2024, 06:38:27 PM |
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Everything you say is really needed by someone who wants to get good results from the trading they will do and having knowledge is of course the most important thing before deciding to trade because without knowledge of course it will be very impossible for us to start trading and If indeed we force ourselves to keep trading, of course this will make us lose the money we have on the trades we make. It is true that whatever capital we have, with good knowledge about trading, of course we will be able to make the money we have. These can increase and we will be able to make the right decisions on the trades we make.
The first thing to earn from trading is to be familiar with the strategies of trading, knowledge about the market fluctuations, have the ability to choose good coins and have the patience to bear any loss because trading does not give you continuous profit or success. If you have chosen a good coin then you can make a good profit from a small amount but if you choose the wrong coin then this small amount will also becomes a cause of distress for you. Trading should not be considered as a piece of work that will give you non stop salary for prolonged timing but it should be a side job and don't forget that you will not only earn money through trading but you can also face loss either big or small.
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Viscore
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May 17, 2024, 09:21:49 PM |
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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?.
We always have a solution when we want to try to achieve a better life, but sometimes we are too lazy to try harder to get it. In terms of trading, both of them do have quite an important role, where money is the first step to reach the stage of being able to make a profit, but without good trading knowledge, money is also unable to provide profits in trading because people don't know how to do it. Lack of capital can be increased over time and if our trading knowledge is good then it will provide a way to start trading consistently. Although sometimes trading does not always produce profits, if the trading knowledge we have is good then people can trade with small capital and continue to increase it consistently. Right, both are crucial in trading but I really think it all boils down to lack of knowledge from the start. If you don’t have sufficient amount of knowledge, you won’t have insights on how to enhance your skills and develop your strategies which I think the most vital in trading. Money can always be seen but it will never guarantee a successful trading outcome, but if you have even the basic knowledge and skills in trading, you know for sure that you are doing the right thing in trading which may lead to achieve profits.
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3la9l_kolbaCa
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May 17, 2024, 11:59:17 PM |
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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
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?.
Lack of capital shouldn't be a problem, we can start by smaller amount as part of learning process. Trading should be done carefully not in a rush ways, because knowledge will eventually follow through once you gain experience. Skills will be developed, traders should learn to have patience first before complaining on matters that isn't having sense because we need common sense actually.
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Stepstowealth
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May 18, 2024, 10:08:18 AM |
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Money can always be seen but it will never guarantee a successful trading outcome, but if you have even the basic knowledge and skills in trading, you know for sure that you are doing the right thing in trading which may lead to achieve profits.
Some people are not limited by either knowledge or money, they are just victims of fear that has successfully limited them from trying to make profit from the market. They have the knowledge to make them some profits, and they also have the capital to start trading, but they are just afraid of starting to trade in the live market. Fear is a strong factor and can reduce the confidence a trader has on his knowledge. This fear can be built up when a trader keeps hearing negative news about the market from the trader around him. All these negative news will build up fear.
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boyptc
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May 18, 2024, 02:06:21 PM |
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Lack of capital shouldn't be a problem, we can start by smaller amount as part of learning process.
No problem if you are starting out and you want to start with small amount for learning and understand the market. But as time goes by when you've fully understood the concept of trading and the market, you need to increase your budget. There are traders that they leverage a small amount and goes to the futures and tries to multiply it there. Some are successful when they get used to it. But this strategy isn't for everybody because risk in futures is far from the typical spot trading that has lesser risk.
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wxa7115
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May 20, 2024, 02:14:22 AM |
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This question came to my FYP on X and I could relate because at a time in my life it was the lack of knowledge of not knowing how to trade that was holding me back from making profit until I started learning how to trade from my mentor and I can make some profits when I get my reading of the market right. I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently. Other traders are having difficulties in trading because they do not have the right information that they need to become good traders or because they lack the capitals.
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?.
It is difficult to know as I think both problems are very common, after all, most traders want to become one because they think this is the opportunity they have been looking for to change their lives, but this often means they have little money available to trade. However, the lack of knowledge is extremely common as well, just take a look at the altcoin section on the forum and you can often find newbies asking if investing in a meme coin in particular is a good idea, a question that someone that really knew what they were doing will not bother to ask, as they will know that all meme coins are scams.
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tottong
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May 20, 2024, 04:33:02 AM |
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Right, both are crucial in trading but I really think it all boils down to lack of knowledge from the start. If you don’t have sufficient amount of knowledge, you won’t have insights on how to enhance your skills and develop your strategies which I think the most vital in trading.
Basically we have to understand what we want to do because how can we possibly succeed if we don't understand how to do it. The mistakes many people make are not learning to understand and they are influenced by the feelings given by other people, so that when involved they do not have the skills to carry out and experience unnecessary losses. Money can always be seen but it will never guarantee a successful trading outcome, but if you have even the basic knowledge and skills in trading, you know for sure that you are doing the right thing in trading which may lead to achieve profits.
Success in trading is not seen from money but from trading skills, but there is no opportunity to trade when someone does not have the capital to run it. So both are needed to make someone successful, so money and knowledge are important steps to have. There are many people who have money but don't have skills in trading and vice versa, people who have skills don't have much money, so they will experience problems in practice.
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