Bloodseekers
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July 05, 2024, 03:45:53 AM |
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Sooner or later, you will understand that it is not easy to earn profits from this market.
I believe in few days new traders understand that it's not possible to earn profits without learning trading and the market at first place. Even I have faced some good losses when I started crypto trading. Most of those losses were because of bad coin choices and that's why I always suggest new traders to choose only reputable altcoins or stick to Bitcoin only. After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
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pusaka
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July 05, 2024, 09:28:03 AM |
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Sooner or later, you will understand that it is not easy to earn profits from this market.
I believe in few days new traders understand that it's not possible to earn profits without learning trading and the market at first place. Even I have faced some good losses when I started crypto trading. Most of those losses were because of bad coin choices and that's why I always suggest new traders to choose only reputable altcoins or stick to Bitcoin only. The longer a trader is in this space, the more their knowledge about the market, trading and so on increases, that is what should happen. But will they be willing to learn to become better? that's the question. The reason is that there are still people who still repeat the same mistakes, which means they never learn from the mistakes they made in the past. Trading or investing, not just making a purchase or entry then waiting for profits and taking it, is more complex than what I said. That's why we have to have sufficient knowledge before we do something like this, whether in trading or investing. The more knowledge we have, the easier it will be for us to trade and invest.
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knowngunman
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July 05, 2024, 01:36:23 PM |
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After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
Well, you have spoken well but the last part of your post I emboldened is not a good practice for a trader that wants to go far. Irrespective of knowledge that one possess about trading should not push them to trade with a large capital just because they are aiming to gain higher profits. I know the larger the capital, the higher the profit but only if you succeed. It’s advisable to trade with little capital that you can afford because market can not be predicted. This is one of the reasons why new traders find it difficult to make it in trading and their dream is usually cut short. Trading is a gradual process that has not end, the more you stay in the industry the more you gain much knowledge. For this, patience is very vital in trading.
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Gaza13
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July 06, 2024, 04:36:19 PM |
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(....) Moreover,so many persons are scared away because of the pressure and fear that accompanies trading,but they need to go back and rethink,make up their mind,and come back to trading because with time,they will get to know the modus Operandi of trading,and how it works.
Experience is the best teacher here. Because everything you will learn along the roads. Practice and experience and proper education and knowledge. Every successful trader started where you are now. With time, persistence, and continuous learning, you can develop your trading skills and confidence, just trust the process. What you said above is true, at least if we go through a tortuous and very long process, the results will definitely not lie. Feelings of fear or pressure or lack of confidence in our analysis when trading are normal, of course all traders feel this way. If you want to start, you can do it with very minimal capital or budget. With this step you can slowly find out whether your analysis is going well or not. If not, you can go back to studying or study again with another analysis. There is no single indicator that is truly perfect or precise in analyzing the market.
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Baki202
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July 06, 2024, 06:28:38 PM |
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The longer a trader is in this space, the more their knowledge about the market, trading and so on increases, that is what should happen. But will they be willing to learn to become better? that's the question. The reason is that there are still people who still repeat the same mistakes, which means they never learn from the mistakes they made in the past. Trading or investing, not just making a purchase or entry then waiting for profits and taking it, is more complex than what I said. That's why we have to have sufficient knowledge before we do something like this, whether in trading or investing. The more knowledge we have, the easier it will be for us to trade and invest.
The more longer you still and also the mistakes you make you will able to learn from it and that can only when you will be able to learn from those mistakes, and that is why consistency matters a lot that is the only way you can continue to get better. Not the the way you will trade small and you will want to rest, it does not work that way because you won’t make any profit. Trading is something you need to want to always get better at so that you will become a professional and not only that you will also make money. Anybody that repeats the same mistakes and don’t learn from it is not ready to learn the best thing is for them to just quit they don’t look like people that will make any money. People don’t want to sarcrife but they want to make money and I don’t know how that is possible because they failed all the steps and not have patience is another thing. Like I said they should just quite and use their money for something else.
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dunfida
Legendary
Offline
Activity: 3276
Merit: 1159
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July 06, 2024, 06:38:03 PM |
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The longer a trader is in this space, the more their knowledge about the market, trading and so on increases, that is what should happen. But will they be willing to learn to become better? that's the question. The reason is that there are still people who still repeat the same mistakes, which means they never learn from the mistakes they made in the past. Trading or investing, not just making a purchase or entry then waiting for profits and taking it, is more complex than what I said. That's why we have to have sufficient knowledge before we do something like this, whether in trading or investing. The more knowledge we have, the easier it will be for us to trade and invest.
The more longer you still and also the mistakes you make you will able to learn from it and that can only when you will be able to learn from those mistakes, and that is why consistency matters a lot that is the only way you can continue to get better. Not the the way you will trade small and you will want to rest, it does not work that way because you won’t make any profit. Trading is something you need to want to always get better at so that you will become a professional and not only that you will also make money. Anybody that repeats the same mistakes and don’t learn from it is not ready to learn the best thing is for them to just quit they don’t look like people that will make any money. People don’t want to sarcrife but they want to make money and I don’t know how that is possible because they failed all the steps and not have patience is another thing. Like I said they should just quite and use their money for something else. The important on here is on how you do make yourself sustain and on how long your patience you could really be able to make yourself that having on because we do know that dealing up with unpredictable space would really be definitely be having that kind of impulsive approach on the moment that you would really be encountering a volatile space. You would really be able to feel up all sorts of potential feelings and reactions on which it would really be just that normal since we are just humans. There's no way that you wouldnt really be able to make yourself having that kind of being relaxed even lets say that you are veteran but still you would really be that still subject or prone into those kind of reactions since we humans doesnt really like on losing money. This is why it would really be that important that you should know on how to bare up that stress and pressure on the moment that you do encounter these things because on the moment that you do find yourself having that impulsive reactions then it would really be that hard to sustain on.
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bitgolden
Legendary
Offline
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
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July 06, 2024, 08:31:52 PM |
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I believe in few days new traders understand that it's not possible to earn profits without learning trading and the market at first place. Even I have faced some good losses when I started crypto trading. Most of those losses were because of bad coin choices and that's why I always suggest new traders to choose only reputable altcoins or stick to Bitcoin only.
After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want. Even though they already/finally realized it, it can't help that much anymore because they must have learned a lot already but they can use it and gave someone a tip before they start their journey here. With that being said, several failures can actually make you learn it well and you will eventually make money on trading. This is why like you said, patience is also important and as well as having a good amount of capital. There are still demo trading that we can use first, if our capital is only limited. If we want to do trading, obviously we must try it but we may need to equip our selves with good knowledge first and then we need to start with demo trading first.
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SamReomo
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July 07, 2024, 01:17:58 PM |
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There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes. Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all.
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Mahanton
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July 07, 2024, 01:45:54 PM |
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There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes. Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all. Demo trading is really just that good when it comes to familiarization but not something that would really be enhancing yourself when it comes to emotional aspect on which we know that when it comes to this then it would really be that entirely different when dealing up with demo and with live trading on which it would really be giving out that different feeling and emotion on the moment that you do make up trades. You would really be able to find for yourself on their main differences on which we know that live trading could give out that thrill/fear/indecisiveness/hesitance and other similar feeling or emotion on which it would really be just that normal since we are just humans and we dont really like on losing money and this is why we would really be having this kind of reaction on which it would be normal. On the moment that you do decide with doing trading then you should be that prepared on what are the things that you might encounter. Dont make yourself that hopeful because if you do then you are just that basically putting up yourself on such great or huge trouble.
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Silberman
Legendary
Offline
Activity: 2702
Merit: 1374
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July 10, 2024, 11:17:48 PM |
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There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes. Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all. Demo trading has a serious drawback in the sense that if you were to lose all the capital you had in your demo account, you can get it back with a single click, so a newbie trader can try as many times as they want until they get the positive results they want, so once they do they believe they are ready to trade for real, when in fact things just went their way during a small series of trades, and if this does not happen when they are trading for real, by far the most likely outcome, they will get desperate as they begin to realize that trading with their own money on the line is very different than trading with their demo account.
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synchronym
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July 11, 2024, 03:13:37 AM |
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When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
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Bloodseekers
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After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
Even though they already/finally realized it, it can't help that much anymore because they must have learned a lot already but they can use it and gave someone a tip before they start their journey here. With that being said, several failures can actually make you learn it well and you will eventually make money on trading. This is why like you said, patience is also important and as well as having a good amount of capital. There are still demo trading that we can use first, if our capital is only limited. If we want to do trading, obviously we must try it but we may need to equip our selves with good knowledge first and then we need to start with demo trading first. Failure experienced by a trader will of course provide experience and learning that they must remember so as not to repeat mistakes like that when they return to trading because without learning about the mistakes we have made, of course it will not be possible to make a profit in trading. Trying trading on a demo account will certainly make it easier for us to learn about trading so that we will be able to understand trading well before trying it with the capital we have, but when using the funds we have of course this must be done carefully because it is very It's different when we trade with the funds we have.
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barisbilgili
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July 11, 2024, 05:49:30 AM |
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Failure experienced by a trader will of course provide experience and learning that they must remember so as not to repeat mistakes like that when they return to trading because without learning about the mistakes we have made, of course it will not be possible to make a profit in trading.
Trying trading on a demo account will certainly make it easier for us to learn about trading so that we will be able to understand trading well before trying it with the capital we have, but when using the funds we have of course this must be done carefully because it is very It's different when we trade with the funds we have.
It's true that valuable learning comes from experience, especially from the bad experiences we get when trading, of course there will be a feeling of wanting to do more to correct these mistakes so that we will get much better learning. I think we will not develop without experience and mistakes in trading. . There are many things or places to learn in trading as long as there is a great desire for it, I think the time and process that we continue to follow will not betray the results. Of course there are negative things, but we can turn them all into positive energy.
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Essential10
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July 11, 2024, 10:55:39 AM |
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When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading.
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DaMut
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July 11, 2024, 05:04:32 PM |
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Thats why a trader needs to keep learning and always learn and practise as much as you can, thats what will eradicate the fears and pressure. as soon as you make your analysis and place your trade then you dont have a power over the market to make it go your way. all you can do is to cut your losses if you are concerned. thats why you need to test your strategy over and over, this builds confidence and helps you know how to adjust it.
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justdimin
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July 11, 2024, 06:12:24 PM |
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When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading. Studying, learning, and practicing is the key to make profit without getting any issues at all. I personally believe that we can't make it work any other way, we just need to keep it going as much as we can with whatever we have. I know that it will take a while, and I know that it is not going to make a lot of sense, but we just need to keep it going as much as we possibly could, that is how we gain a lot of profit from it. Experience is very important too, while learning and practicing, you will get a good start, but after that start you need to keep grinding and doing more so that you gain a lot of experience, if you do that then eventually you are going to make a lot of money from this as well, you should be careful about that.
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SamReomo
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July 11, 2024, 09:01:04 PM |
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Demo trading has a serious drawback in the sense that if you were to lose all the capital you had in your demo account, you can get it back with a single click, so a newbie trader can try as many times as they want until they get the positive results they want
That's a valid point, a newbie trader who's using a demo accounts gets the feeling that he/she can trade as many times as possible without losing anything because he/she can get his/her account refilled once it's emptied because of wrong trades. Another thing to note is that with demo trading no liquidity is needed as it's done in a virtual way and that's why a demo trader's $1M market sell order may not dump the value of a coin while in actual trading $1m market sell order can dump value of a coin to huge extent. I believe newbie traders should learn about those simple things and should only use demo accounts to learn trading interface so in future they can easily do trades by having the same interface. I even recommend traders to use trading view charts as those can be quite useful.
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irhact
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July 11, 2024, 09:43:43 PM |
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After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
Using little capital when you start trading can't be emphasize on more as the losses that traders get starts when they began trading. If you use a small capital, you would no lose so much money when you start trading that you'll be behind and trading to makeup for your losses. All your trades should be for gains, you shouldn't be getting pulled back by how much you have lost. Always manage your capital with precautions so you don't lose too much. As a trader you'll always be faced with different obstacles in the market but you have to be strong against everything so you won't be a loser. Being a trader should make you not to be scared but courageous and attack the market with all the strategies that you have to come out on top.
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Lanatsa
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July 11, 2024, 11:40:02 PM |
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When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading. Studying, learning, and practicing is the key to make profit without getting any issues at all. I personally believe that we can't make it work any other way, we just need to keep it going as much as we can with whatever we have. I know that it will take a while, and I know that it is not going to make a lot of sense, but we just need to keep it going as much as we possibly could, that is how we gain a lot of profit from it. Experience is very important too, while learning and practicing, you will get a good start, but after that start you need to keep grinding and doing more so that you gain a lot of experience, if you do that then eventually you are going to make a lot of money from this as well, you should be careful about that. You do really need to sustain and survive if you are really want to learn up trading.We do know that there's no such thing about easy stuff and earning easy money.Everthing would really be that a challenge and this is something that you do really need to realize because if you do make yourself that being too hopeful then you do really just that make yourself thay delusional and this is something that you do really need. Trading is hard but doesn't mean that you would really be that rushing or pushing up yourself desperately on the moment that you do make trading decisions neither entry or exits. This is why making some realistic goals and approach would really be the key on this one.
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ndutndut
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July 12, 2024, 09:25:38 AM |
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Experience is the best teacher here. Because everything you will learn along the roads. Practice and experience and proper education and knowledge. Every successful trader started where you are now. With time, persistence, and continuous learning, you can develop your trading skills and confidence, just trust the process. I thought that was wise advice for him, GreatArkansas. We all know that it is impossible to become big on the first day, of course we need to study, observe and analyze until we gain knowledge and experience. Trading cannot always be expected to provide profits for every trader, so they also need to try anticipatory strategies so as not to lose all their money. How long or quickly a trader learns depends on his interest and consistency, but sometimes it is also influenced by his fragile mentality. Yes that's right. In trading, nothing is instant, everything requires a process. All successful traders must have experienced bitter experiences in trading such as strategy errors, wrong decision making and so on which resulted in losses. However, they made this an experience for the future, not something to regret. However, it is through failure that they can learn a lot and be more careful in making trading decisions. From experience we can also form a stronger mentality when the market is not going well. In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
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