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Author Topic: Do not be discouraged while learning to trade.  (Read 153 times)
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July 12, 2024, 09:02:49 PM
 #21

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.

Why do you have to be discouraged when you are learning something that can put food on your table for the rest of your life. As you are done learning how to trade, you can use that skill for the rest of your life because all you need is just to be updated with what the new trends but you do not have to learn what you already know. Being discouraged would mean you have other plans in mind and do not want to learn trading very well. Do not be distracted for others making money while you are not making money yet. You have to be very serious about becoming a good trader before you can start earning from your trades. You would not regret learning how to trade when you start making money then everything would be worth the time you scarified to learn. You can take a break if everything is overwhelming you but do not quite or you will be missing an opportunity to learn one good money making skill.

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July 12, 2024, 09:58:27 PM
 #22

I don't think there's any professional that starts off easy and continues being easy of the course of time. Anybody that has succeeded in any high demand profession like trading would've mostly started off very rough and then get smoothen up over time. For trading, it takes a while to understand how to use the tools available, best pairs for each trader and of course, the actual skin and a strong psychology. It's going to be a long ride but showing up everyday and revisiting drawing boards to reflect and improve goes a long way.

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July 12, 2024, 11:26:40 PM
 #23

Reality is, people only get discouraged from trading once they start to endure some losses because they get used to thinking that trading will offer them faster and bigger profits compared to long term hodling. Losing would not be in their vocabulary without thinking that trading is more on losses than gains most particularly for those inexperienced traders.

Discouragement should not be a barrier in trading since every trader has been with that, but instead have more courage to improve your trading performance so you won't have to endure losses more often that creates discouragement on your part.

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July 12, 2024, 11:31:52 PM
 #24

In all every learning process is always discouraging but to see those that are passionate about what they are doing is those who stood to succeed in their learning processes, on a norm we knows that learning comes with difficulties and anything that has no difficulties while learning has no potential value in them. For instance take a look at those who has to undergo 4-7 years course to graduate from the university after studying all things before you could start up and this is dependant of if you are qualify to have the certificate to operate and if you aren't qualify then you have no cert and operational powers after haven gone through years in their studies.

A good trader or self determined trader could sight an example through academic processes then quitting could be too hard for them because when they all remembered the process in tertiary institution you would know that it's better to remain stable while learning, and of course those who made it through trading didn't just start it overnight because they were doing series of studies to get themselves approved and continuously they don't stop neither lose hope but focused on their results.

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July 13, 2024, 04:31:40 AM
 #25

A beginner trader must be able to focus on what they are doing and not be influenced by what other people achieve. Because in trading there are no instant results, everything requires a process, and it is also not a race where whoever is the fastest wins. It could be that people who have only started trading for 1 year can earn more than people who have traded for 3 years, or vice versa, people who have traded for 1 year but have not been able to get maximum results. Don't let this make a trader become unenthusiastic and jealous of other people's achievements - use it as motivation, learn from experience, and just do what needs to be done based on the strategies you have learned.

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July 13, 2024, 05:59:05 AM
 #26

A beginner trader must be able to focus on what they are doing and not be influenced by what other people achieve. Because in trading there are no instant results, everything requires a process, and it is also not a race where whoever is the fastest wins. It could be that people who have only started trading for 1 year can earn more than people who have traded for 3 years, or vice versa, people who have traded for 1 year but have not been able to get maximum results. Don't let this make a trader become unenthusiastic and jealous of other people's achievements - use it as motivation, learn from experience, and just do what needs to be done based on the strategies you have learned.
As beginners, of course they have to focus on the learning they are doing and not have to think about the results that have been obtained by those who already have good skills and experience in this field and when they first try trading they have certainly studied well so that they can get good results in trading and as beginners of course we also have to study well and also have to be patient in the learning process that we do to be able to achieve what they have achieved and failure at the beginning of trying is of course this is very normal for everyone to experience. Those who start trading and those who can correct mistakes will of course one day be able to get satisfactory results from trading, but for those who cannot correct their mistakes, they will certainly choose not to continue anymore so they have failed in trading.

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July 13, 2024, 06:48:44 AM
 #27

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
The beginning is the hardest and most frustrating. Someone who's trading and not able to make a profit as soon as he's started will no doubt gonna hate himself for that.

It's okay be discouraged and you have to understand that all starters are going through the process and failure is normal to be seen at that part.

What's normal is when you don't know what you're doing and you're blowing punches in the air. Well, that's kinda deep but you gotta know your strengths about your trades and its challenges.

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July 13, 2024, 02:22:23 PM
 #28

Many traders discouraged when they can not make a profit and makes them lose much money. But that situation can be prevents if they wants to learn trading and have a skill to trade. They have a chance to posses the skill and can improve that skills if they wants to continue learning trading.

A trader needs to have courage learn and practice the lesson so they will know what next they needs to learn and improve their skills. If they don't wants to learn more about trading, they will not have a good skills and difficult to trade. They will become more discourage if they lose their money more and more without having a chance to make a profit. That will makes them quit trading without finds the solution and will only say that trading is not for them.

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July 13, 2024, 02:52:13 PM
 #29

A trader needs to have courage learn and practice the lesson so they will know what next they needs to learn and improve their skills. If they don't wants to learn more about trading, they will not have a good skills and difficult to trade. They will become more discourage if they lose their money more and more without having a chance to make a profit. That will makes them quit trading without finds the solution and will only say that trading is not for them.
Consistency is a necessary part of learning trading apart from what I have said above. Indeed, when studying, we must have sentences that provide encouragement when experiencing boredom and other negative conditions that make the desire to give up turn into positive action.
Of course we are not reliable advisors who are preaching to other people who are learning trading because we have also experienced situations that are not true.

R


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July 13, 2024, 02:52:25 PM
 #30

A beginner trader must be able to focus on what they are doing and not be influenced by what other people achieve. Because in trading there are no instant results, everything requires a process, and it is also not a race where whoever is the fastest wins. It could be that people who have only started trading for 1 year can earn more than people who have traded for 3 years, or vice versa, people who have traded for 1 year but have not been able to get maximum results. Don't let this make a trader become unenthusiastic and jealous of other people's achievements - use it as motivation, learn from experience, and just do what needs to be done based on the strategies you have learned.

Beginners with limited experience will naturally want to compare themselves to more experienced individuals; however, doing so will not lead to financial gain. Additionally, the majority of influencers tend to oversimplify things, with what they present on social media frequently deviating from reality.Beginners with limited experience will naturally want to compare themselves to more experienced individuals; however, doing so will not lead to financial gain. majority of influencers tend to oversimplify things, with what they present on social media frequently deviating from reality. The greatest course of action is to pursue knowledge and put what you have learned into practice. If you follow influencers, you will only end up losing money. The fact is that you won't always turn a profit, both before and after you learn. And it is better to believe in your self when trading, a lot of people don’t believe in their self while trading.

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July 13, 2024, 05:18:43 PM
 #31

The beginning is the hardest and most frustrating.

It's okay be discouraged and you have to understand that all starters are going through the process and failure is normal to be seen at that part.
Yes; but there are still difficulties and frustrations that we can experience as we move forward. It's either we are new to them or we are now get bored to the usual thing that we are doing. To be discouraged, especially right at the start is not okay because it is a negative trait. It can only be the root cause of doing other negative things like quitting.

If we are only getting started, we must only feel excited and happy about the process of learning or venturing a new journey of our life. That sounds serious but trading must be treated like that because it is risky and requires a decent capital in order for one to get started.

Someone who's trading and not able to make a profit as soon as he's started will no doubt gonna hate himself for that.
Only non-knowledgeable or non open-minded person will think of this. Impatient person can also be included to this.

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July 13, 2024, 05:49:00 PM
 #32

It's normal to feel discouraged or perhaps even take a break for a while, then get back to it after realizing that you can do it. During my early days in trading, sometimes I will have a huge loss, then I will just take a break for some weeks or even months with trading, but after that period of being cold, I will still go back. Learning how to trade is not easy, but it's possible to become better if the person is consistently learning how to trade. Learning how to trade is even simpler now that we have the feature of a demo account where new traders can practice any strategy they have in their heads. Some years ago, there were no demo features in trading. 

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July 13, 2024, 07:05:35 PM
 #33

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.


It is indeed part of the learning process on which it would be that understandable that you do know on how to handle yourself specially on an unpredictable space on which it would be a just that right that perseverance and seriousness to learn will really be that key for you to sustain.No one starts on being a pro on things that they are firstime on dealing on which on the moment you do find yourself having those mistakes then you should be that analyzing those things do that on next trades then you do have at least the idea on what you are doing.

Some people do that able to make themselves sustain and survive but there are one who do easily give up and quit just because they can't be able to bare up or handle the risks.Thisis why it would be that recommended that you should really know on how to handle situations so that you would really be able to survive.There would really those times or moments that you do feel up on quitting just because you do see that that there's no chance for you to become profitable, but you should be stopping on thinking of that because on the moment  you find yourself having this pressure then you won't really be able to survive.

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July 13, 2024, 07:45:57 PM
 #34

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
Ups and downs are normal before you achieve great success, but you must have a strong mentality and strong determination to get up after you fall. You don't need to fall to be successful in trading, meaning you can prevent it by learning a lot and honing your skills from day to day. Over time you will get what you want, especially once you master a skill that you can use to make a profit.

However, sometimes I feel like saying this kind of thing is easier than most traders do, of course. It takes a long time to gain expertise and it takes a process to achieve great desires, this is never instant so loss is part of it.

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July 13, 2024, 08:18:24 PM
 #35

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.

Any newbie trader that gets discouraged from trading because he sees others having a good profit is not ready to trade because I see no reason why you will be discouraged. This is even something that is supposed to make you feel encouraged because at least you know others that do it and have a good profit, so instead of getting discouraged, you will just feel like you can also do the same or even more, so instead of being discouraged, you are supposed to be encouraged. 
 
Although those that are not ready for loss might probably feel discouraged if they see they are not able to get anything tangible in some time, if they could have some time, they will know that it is not also bad if they can research and change a strategy that will make them get more profit like others. 

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July 13, 2024, 09:24:26 PM
 #36

Getting discouraged from trading is a part of the learning cycle.
I don’t really discourage people from trading, because even professional traders started as newbies, but I just tell them the basic things that they are supposed to know before getting into trading. Some people might see it as a discouragement, but it’s just a fact. I do make sure I emphasize their losses from trading. If you want to learn how to trade, then you need to keep in mind that you are definitely going to lose.

Trading is not really easy the way it’s been said by people. If you watch some videos on social media, they will make you feel trading is so easy, and when trading you will never lose any amount of money, but it’s just totally wrong. As a trader, I expect the person to lose most of the money that he or she decides to start trading with, but with time things will start getting better, and the loss is going to reduce.

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July 13, 2024, 09:38:41 PM
 #37


A beginner trader must be able to focus on what they are doing and not be influenced by what other people achieve. Because in trading there are no instant results, everything requires a process, and it is also not a race where whoever is the fastest wins. It could be that people who have only started trading for 1 year can earn more than people who have traded for 3 years, or vice versa, people who have traded for 1 year but have not been able to get maximum results. Don't let this make a trader become unenthusiastic and jealous of other people's achievements - use it as motivation, learn from experience, and just do what needs to be done based on the strategies you have learned.

A lot of beginners don't know that trading is all about step-by-step progression. There is a stage where someone only needs to focus fully on learning how to trade, not thinking of making profits like other traders. There is also a stage that someone will reach where they will focus on trading to make money. As a beginner, if you want to achieve what other traders are achieving, you need to learn and gain a lot of trading knowledge first before starting to think about making profits. Trading is not where someone can just come and expect to make quick money. Someone needs the knowledge before they can become successful.Despite trading being hard to make money from, if someone has the proper knowledge, they will definitely start making some good profits from trading. Having proper knowledge about trading is the secret to making money in trading, fully luck.

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July 13, 2024, 10:27:23 PM
 #38

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.


Something ought to trigger the discouragement and for most new traders, I think its the act of constant failure maybe, I don't know much in the trading field as I would class myself as a gambling trader and those type of traders are the worst because they practically don't have the patience to learn about the skills as they trade as if they are gambling and hope that luck shine on them to be successful .

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July 13, 2024, 10:57:19 PM
 #39

Traders do not trade and end up more often still very motivated and eager to trade more, as there are also inevitable times that you will feel down and discouraged. And with that, knowing the causes could be fatigue, frustration, fear and failure, you just need to take a slight break and then trade again.

You don't have to force yourself and keep trading if ever you're not in your best self, but learn to relax and release all the negativity so that whenever you're ready, you'll be trading again with more confidence and motivation in order to trade more successfully.

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Today at 02:59:51 AM
 #40

A trader needs to have courage learn and practice the lesson so they will know what next they needs to learn and improve their skills. If they don't wants to learn more about trading, they will not have a good skills and difficult to trade. They will become more discourage if they lose their money more and more without having a chance to make a profit. That will makes them quit trading without finds the solution and will only say that trading is not for them.
Consistency is a necessary part of learning trading apart from what I have said above. Indeed, when studying, we must have sentences that provide encouragement when experiencing boredom and other negative conditions that make the desire to give up turn into positive action.
Of course we are not reliable advisors who are preaching to other people who are learning trading because we have also experienced situations that are not true.
Having consistency is difficult but with more practices, we can have that thing so that will helps us to learn more and have a good skills in trading. We don't have to feels difficult while we learn more about trading because all people who trade feels that too but they are not stops from trying to learn. They knows that that is the thing they must do if they wants to have good skills in trading.

They can asks to other people if they have a difficulty in analyzing the market but they don't have to believe 100% of what other people tells. They must search for more info so they will know how to apply the information. We must not stops from learning trading if we wants to becomes a pro trader because that is the way that we must pass.

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