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

[redsun114]

We have seen a lot of people inherit tons of money and bankrupt, I still think that knowledge is better. Of course capital makes things easier, without capital you can't do anything and you should be aware of the situation and make as much money as you can, if I had a bit more money I could have made so much more, but sometimes I just think that I say this because I know what I am capable of, if I wasn't capable of any of this, then no amount of money would have made it possible for me to profit.

This is why I believe that we are going to end up with something that will take a while. I believe that we are going to just assume that trading is not really all that complicated, we need to figure out how to get better at this instead.

[lalabotax]

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 simple thing is, when you do something that is quite complex and risky, and you don't understand it yet, it's the same as doing it completely blind. In this case, of course the results will not be as successful. especially because here we really understand how high the risk of trading is, so you really have to have a good understanding, not only about crypto, but also our analytical skills, regarding crypto, charts, and also market trends at that time and over a period of time. previous and also future frames.

We have seen a lot of people inherit tons of money and bankrupt, I still think that knowledge is better. Of course capital makes things easier, without capital you can't do anything and you should be aware of the situation and make as much money as you can,

Because if we understand more, we will be much better prepared for all the risks of trading. Because trading is not just buying and selling, but how it must be done as optimally as possible because it is always related to charts and so on. But the point is, first understand whatever you want to do very well and maturely, then, prepare to start trading, with the basics that you already know well enough as well as several other things related to mental preparedness, money management, risk, and so on.

[Rockstarguy]

Knowledge is more important than capital to get good profit by trading. If you don't have knowledge, your capital will be zero soon. And if you have knowledge, you can trade with little capital and earn good profit. As a result, your capital will increase. So there is no substitute for knowledge for trading.

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Knowledge is the principal thing which you can't do without in trading, when you rely so much on the money you have that it can give you the profits you want in trading this is just the beginning to lose money in trading. Having the right knowledge in trading it is possible to get good profit in trading. The knowledge we have is what makes trading to be interesting but Hernandez their is no knowledge trading becomes very difficult and  uninteresting that can make one to quit trading.  Most people thinks the important thing to have to start trading is capital that is why they don't bother much to learn to have knowledge about trading .

[GiftedMAN]

Knowledge is more important than capital to get good profit by trading. If you don't have knowledge, your capital will be zero soon. And if you have knowledge, you can trade with little capital and earn good profit. As a result, your capital will increase. So there is no substitute for knowledge for trading.

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Knowledge is the principal thing which you can't do without in trading, when you rely so much on the money you have that it can give you the profits you want in trading this is just the beginning to lose money in trading. Having the right knowledge in trading it is possible to get good profit in trading. The knowledge we have is what makes trading to be interesting but Hernandez their is no knowledge trading becomes very difficult and  uninteresting that can make one to quit trading.  Most people thinks the important thing to have to start trading is capital that is why they don't bother much to learn to have knowledge about trading .

Is is true that knowledge is power and a trader need to have knowledge about trading before they decided to trade and for themselves. If a trader does not have understanding about trading then they should not go into trading at all because that can be a problem of losses. We all don't want to lose money as a trader and the only thing we want to be seeing is profits but that would never come if we don't have a concrete skill and knowledge about trading. It is the knowledge that we have that would work for us and give us the confidence to trade and make money for ourselves. Knowledge is power and we need to go for it before thinking of making profits.

[pawanjain]

According to me, it's the knowledge that is required to gain profits from trading.
No matter how much capital you have, if you don't have the required knowledge then you will end up losing all your capital.
We should learn to trade with a small capital and then gradually increase our capital when we start making consistent profits.

I second your thoughts because I have seen people having huge capital and losing it all due to lack of knowledge wherein people with knowledge have performed well with little capital and made a fortune out of it. I will take my own example as I had been in both the situation I more than $2000 in future trading without much knowledge on it as I assumed since I have more capital my gains would be higher, also at one point of time started with $5 and made more than $1000 but his time with knowledge and proper strategy wherein I was sticking to my protocols.

I guess you mean you "lost" more than $2000 in futures trading. Uh, that's bad. You must have felt horrible losing that kind of amount.
$2000 is a not a small amount to lose but it's good that you learn your lession and improvised later.
Making more than $1000 just from $5 is really very impressive but at the same time it's hard to belive to be honest.
Anyway, the lesson here is to learn as much as you can and keep improvising and learning from mistakes.

[dunfida]

According to me, it's the knowledge that is required to gain profits from trading.
No matter how much capital you have, if you don't have the required knowledge then you will end up losing all your capital.
We should learn to trade with a small capital and then gradually increase our capital when we start making consistent profits.

I second your thoughts because I have seen people having huge capital and losing it all due to lack of knowledge wherein people with knowledge have performed well with little capital and made a fortune out of it. I will take my own example as I had been in both the situation I more than $2000 in future trading without much knowledge on it as I assumed since I have more capital my gains would be higher, also at one point of time started with $5 and made more than $1000 but his time with knowledge and proper strategy wherein I was sticking to my protocols.

I guess you mean you "lost" more than $2000 in futures trading. Uh, that's bad. You must have felt horrible losing that kind of amount.
$2000 is a not a small amount to lose but it's good that you learn your lession and improvised later.
Making more than $1000 just from $5 is really very impressive but at the same time it's hard to belive to be honest.
Anyway, the lesson here is to learn as much as you can and keep improvising and learning from mistakes.

On the moment that you would really be considering on touching up futures trading then it would really be best that you should really be that making yourself that mastered first when it comes
to spot trading. The bad thing on here is that usually newbies do really wants on dealing up with quick profits and on the moment they've seen those huge gains on social media into those traders who do make
some futures then they would really be having that kind of boost up when it comes to their interest on doing futures trading. Until, they would really be deciding on trying it out directly
without having those considerations that they should really be needing to master up spot trades. Although it wont really be that guarantee that if you do master spot you will succeed on futures.
it would really be still having that huge risks but the good thing here is that you do have that experience.

Making profits is the main target or goal that we do have as a trader or investor on which it is really just that right that we should really be that serious when it comes to this manner.

[Baki202]

We have seen a lot of people inherit tons of money and bankrupt, I still think that knowledge is better. Of course capital makes things easier, without capital you can't do anything and you should be aware of the situation and make as much money as you can, if I had a bit more money I could have made so much more, but sometimes I just think that I say this because I know what I am capable of, if I wasn't capable of any of this, then no amount of money would have made it possible for me to profit.

Nothing is more fascinating than squandering money that wasn't earned through labor. Additionally, those who inherit wealth must exercise caution because it can be alluring. Capital, knowledge, and both are extremely vital since without one, the other is still necessary. Knowledge implies capital, and vice versa. Capital is the most crucial factor because it is terrible to have knowledge without money, but if you do have it, then go for the knowledge. It's like this now: if you have money, you can develop ideas since ideas by themselves are worthless. Additionally, you'll want to increase your income. And also management is very important also.

This is why I believe that we are going to end up with something that will take a while. I believe that we are going to just assume that trading is not really all that complicated, we need to figure out how to get better at this instead.

Trading is complicated and needs a lot of energy in others to enjoy the profits that it comes with. Their two things that are important you have mentioned it before that is capital and knowledge when you have that two then you have nothing to worry about the only thing you need will now be consistency because. You can have knowledge and money but still feel lazy to learn so consistency is also very very important.

[pusaka]

Knowledge is the principal thing which you can't do without in trading, when you rely so much on the money you have that it can give you the profits you want in trading this is just the beginning to lose money in trading. Having the right knowledge in trading it is possible to get good profit in trading. The knowledge we have is what makes trading to be interesting but Hernandez their is no knowledge trading becomes very difficult and  uninteresting that can make one to quit trading.  Most people thinks the important thing to have to start trading is capital that is why they don't bother much to learn to have knowledge about trading .

Yes, of course knowledge is something that is very important and that applies not only when trading, but for every activity we do. Without knowledge we cannot know what to do and maybe we will do something silly, so we must have it before doing any activity.
We must have basic things like this when trading and we cannot trade without having a basic basis for trading and one of them is knowledge. But I see a lot of people out there who do something without any foundation, I mean they trade because they follow other people and that happens to them as beginners. Usually they do this because they see other people making profits from trading and in a flash they conclude trading is something easy to do.

[Fredomago]

Knowledge is the principal thing which you can't do without in trading, when you rely so much on the money you have that it can give you the profits you want in trading this is just the beginning to lose money in trading. Having the right knowledge in trading it is possible to get good profit in trading. The knowledge we have is what makes trading to be interesting but Hernandez their is no knowledge trading becomes very difficult and  uninteresting that can make one to quit trading.  Most people thinks the important thing to have to start trading is capital that is why they don't bother much to learn to have knowledge about trading .

Yes, of course knowledge is something that is very important and that applies not only when trading, but for every activity we do. Without knowledge we cannot know what to do and maybe we will do something silly, so we must have it before doing any activity.
We must have basic things like this when trading and we cannot trade without having a basic basis for trading and one of them is knowledge. But I see a lot of people out there who do something without any foundation, I mean they trade because they follow other people and that happens to them as beginners. Usually they do this because they see other people making profits from trading and in a flash they conclude trading is something easy to do.

With knowledge you can execute your plan and even you only got small amount of capital you can grow it up and make something big becuase of better understanding with the business that you are in, like what OP said, before he don't have that much knowldge into trading that's why it's holding him back but thru time and experienced and that keen mentality to learn you will be able to developed the right sets of knowledge that will help you to succeed.

Both have an impact but more on the side of knowledge as it will also allow you to take that big risk to step your foot inside trading or any type of business or investment that you are planning to venture.

[Asyifiah]

One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.

[Bushdark]

One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.

The two are very important and they work hand in hand because even though we have the knowledge and we don't have eyhe capital, we can still become stranded and we might not have the confidence to complete our investment or dream or making things happens.
Knowledge is very important and capital is also very important because their is no way we can create our own business or buy hold tokens in the market without fund. Fund us important which is the money that is required for us to buy and hold in the market.

[Questat]

One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.

Having a sufficient amount of knowledge prior to investing is certainly a must. One who has not achieved it is not advised to invest, otherwise he will experience the worst in investing. However, having a good amount of capital is also crucial when investing, this is exactly the reason why those who have more knowledge about bitcoin haven’t still decide to invest for good knowing they don’t have a good amount of capital. As much as knowledge is highly vital, getting a good amount of capital is also crucial most especially if you want the best outcome for your investment.

[Cryptoababe]

So far, if one is a trader, I think what can only hold them back is a lack of capital, because being a trader means you already have the knowledge to trade and you already know the risks behind it. So for me, it's the lack of capital.

[YOSHIE]

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

Both must go hand in hand and in line, capital is a real issue that must be determined in trading, trading is not just talk or theory, To practice it you have to have capital, as well as knowledge, if you don't have capital, you don't have crypto trading knowledge, the result is zero.

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?.

One thing you don't have, for example capital, the solution might be to carry out trading activities first with small capital, I think everyone with $100 must have it, maybe with that much money he can start doing it, provided he has knowledge in crypto trading and also understands the market.

If they don't have the knowledge or a lot of capital, of course they can ask for help from crypto trading experts, maybe the experts can guide them a little on the initial steps to start trading, showing which type of crypto is good for trading and so on, that's my advice.

[shanhaigamefi]

Funds are undoubtedly important as they determine the scale at which I can trade in the market. However, if I have ample funds but lack sufficient knowledge and skills, I am likely to incur rapid losses in the market. Understanding market trends, mastering technical and fundamental analysis methods, and being familiar with various trading strategies are the cornerstones of trading success. If I do not know how to analyze the market correctly and cannot identify potential opportunities and risks, then even with abundant funds, I might lose everything due to poor decisions.

On the other hand, if I possess sufficient knowledge, even with initially limited funds, I can gradually accumulate wealth through cautious and wise trading. By continuously learning and practicing, I can improve my trading skills, develop sound risk management strategies, and avoid significant losses, thereby establishing a foothold in the market. Knowledge equips me with the ability to respond flexibly to various situations in the market, allowing me to achieve sustained profitability in the long run.

Therefore, I believe that the accumulation of knowledge is the key to trading success, while funds are the tools needed after acquiring knowledge and skills.

[Kriptogram14]

Funds are undoubtedly important as they determine the scale at which I can trade in the market. However, if I have ample funds but lack sufficient knowledge and skills, I am likely to incur rapid losses in the market. Understanding market trends, mastering technical and fundamental analysis methods, and being familiar with various trading strategies are the cornerstones of trading success. If I do not know how to analyze the market correctly and cannot identify potential opportunities and risks, then even with abundant funds, I might lose everything due to poor decisions.

Yes bro, both are equally important, when we have a lot of capital but minimal understanding and also limping next to each other we will suffer very rapid losses, because it is not based on knowledge only with a lot of capital, that is not enough, there must be capital and also there must be knowledge about trading.

When we have experience but no capital then we also cannot trade therefore both are equally important and go hand in hand, once we have both then we start trading easily we can minimize the losses we receive because it is based on knowledge and knowledge. Enough.

[knowngunman]

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.

Why will you venture into trading in the first place when you don't have knowledge about it? This is a grave mistake that most upcoming trader find convenient committing not knowing they are digging their own grave to end the career they're about to start. You don't trade like someone playing gambling that mainly rely on luck more than skills.

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?.

Knowledge comes first before any other thing, it serves as the foundation of trading that you will likely succeed if you have a good foundation and you will definitely go bankrupt if the foundation is faulty. Capital is a minor issue here because with your knowledge, you can be able to acquire the capital by teaching others with the knowledge you have. From this practice, you could make more than you imagined if you are very good and people benefit from the knowledge they gain from your teaching.

Most traders suffer from inadequate knowledge and not lack of capital. Trading is not just about knowing how to enter market or how to exit market. This is what some people consider as knowledge of trading. It's far more than just knowing how to place and execute order. Don't think of getting anywhere close to trading if you lack the knowledge.

[Fredomago]

One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.

Having a sufficient amount of knowledge prior to investing is certainly a must. One who has not achieved it is not advised to invest, otherwise he will experience the worst in investing. However, having a good amount of capital is also crucial when investing, this is exactly the reason why those who have more knowledge about bitcoin haven’t still decide to invest for good knowing they don’t have a good amount of capital. As much as knowledge is highly vital, getting a good amount of capital is also crucial most especially if you want the best outcome for your investment.

Indeed, if you want to have a best outcome you also need to have that decent amount of capital, as investing to this type of industry needs to have not just knowledge but also decent capital, with how fluctuation add to the factor if how you will place your position, you need to have deep financial capability not being affected of sudden fall, as if you have that good knowledge you'll anticipate and continue to patiently wait if you have decent amount of money to use, in this kind of case where you can't touch your previous investment, then lack of capital holds you back as you will think twice not to sell while anticipating to see good bounce from the market.

[$weetne$$]

Why will you venture into trading in the first place when you don't have knowledge about it? This is a grave mistake that most upcoming trader find convenient committing not knowing they are digging their own grave to end the career they're about to start. You don't trade like someone playing gambling that mainly rely on luck more than skills.

You are not wrong because 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.

[radjie]

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.