Beginners mentally about trading

[alastantiger]

The repercussions of ignoring key elements in trading is upfront and will haunt down these beginner's especially those that have decided to ignored the basis of the system.

Ignoring the key things beginners are supposed to know before beginning to trade ends with the beginners having experience that they aren't supposed to have. Once your mentality about trading is to make fast money, you're going to be a trader that doesn't take corrections and improve on their trading skills because they think that trading can be done without having to learn some of the basic things that all traders should know.

Our mentality about trading is supposed to be that when we give trading time and dedication, we're going to become good at trading that we can begin to make some profits when we trade and not having the mentality that we're suppose to be making money immediate we started to trade. Trading requires you to have the experience and you'll get that experience when you have dedicated some time to learning and improving in your trading abilities.

[Wind_FURY]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days?

If he/she bought the asset during the right time, yes.

If he/she bought the asset during the wrong time, no.

 ¯\_(ツ)_/¯

Have you played a casino game before? It's going to be the same. You play a game with a house edge. You're a long term loser, but sometimes you could get lucky.

[Perfectbaby]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days?

If he/she bought the asset during the right time, yes.

If he/she bought the asset during the wrong time, no.

 ¯\_(ツ)_/¯

Have you played a casino game before? It's going to be the same. You play a game with a house edge. You're a long term loser, but sometimes you could get lucky.

You are right but I think you are directly referring to investments, and of course anyone who bought the asset at the right time should be on profit and doesn't counts whether you are newbies or professional. As a newbie whenever they cease the opportunity at the right time you would see that there are all chances to be on profits when the market starts rising at the appropriate time, but for trading it's not that possible to make profits even though we presumed to be beginners luck while trading most times it doesn't works that way.

[khiholangkang]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

The possibility exists but for a period of 2 weeks in learning then getting a profit is very difficult, unless it really gets good luck when we choose Long or buy a coin that in a few days gets a large increase it could have happened, it's just that the possibility is small here.

Except the expectant people in the field of mathematics or analysts in the field of calculation so that reading opportunities in a candle are easy to learn by him, maybe the buyer in one week or two weeks can be maximized to become a trader to get the profit only such a genius is very rare in This world.

[Perfectbaby]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

The possibility exists but for a period of 2 weeks in learning then getting a profit is very difficult, unless it really gets good luck when we choose Long or buy a coin that in a few days gets a large increase it could have happened, it's just that the possibility is small here.

Except the expectant people in the field of mathematics or analysts in the field of calculation so that reading opportunities in a candle are easy to learn by him, maybe the buyer in one week or two weeks can be maximized to become a trader to get the profit only such a genius is very rare in This world.

Of course that is very rare to see when a beginner just stepped in their foot and burst into profits within 7-14 days time looks so suspicious and luring to the normal and regular traders which we know, trading isn't that easy for someone to make profits. Although those who are already into trading could possible experience this within that period to be making profits or someone who was once a trader and decided to distance the market may revive themselves and starts making profits within that period of days.

[Freepips]

Why does beginners always think trading is that easier for them to make profits?
Never wanted to relates this over here but i feels it's extremely important for us to discuss this and also make the beginners knows that trading is actually profitable but they must know the basics of trading, possibly spend some time doing their research to gain the right knowledge towards trading before they could start making profits.

It's all happened last week (thereabouts) when someone around a place I went to drink came up with this issues, we all sat in same table. You know as a free person and whom they also knows around that area, they were talking about how he was introduced to trading and promised him about making profits within 7 days of him joining trading. I actually never had interest to listen to him but what made me put it up was when he said he heard it on radio station where they talking about the trading and they both picked interest to start the training but after 7 days as they promised them to start making profits they began to witnessed several losses and it was like they have lose what they don't expect anymore and they decided to quit and asked if trading was that simple for those who are trading.

Well, I was actually perplexed and lacking of words to say towards their experience but I what I noticed is that they don't go for the knowledge rather both went for profits and as they said there were some consultation fees they paid and few fees to start up their class but it was on the knowledge that they would start making profits within 7-14 days.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

I may say is possible for a newbie or beginner to start making profit from trading within 7-14 days? but data has it that beginners lose money in their first to two years in trading. It take 10000 hours to master a skill proficiently. My journey was not an exception I was still losing money even in my 2  and half years in trading until I started journalling all my trading activities, do proper back testing. Developing myself both emotional, physchologically and metally, with consistency, patience and perseverance.

[Zanab247]

Why does beginners always think trading is that easier for them to make profits?
Never wanted to relates this over here but i feels it's extremely important for us to discuss this and also make the beginners knows that trading is actually profitable but they must know the basics of trading, possibly spend some time doing their research to gain the right knowledge towards trading before they could start making profits.

It's all happened last week (thereabouts) when someone around a place I went to drink came up with this issues, we all sat in same table. You know as a free person and whom they also knows around that area, they were talking about how he was introduced to trading and promised him about making profits within 7 days of him joining trading. I actually never had interest to listen to him but what made me put it up was when he said he heard it on radio station where they talking about the trading and they both picked interest to start the training but after 7 days as they promised them to start making profits they began to witnessed several losses and it was like they have lose what they don't expect anymore and they decided to quit and asked if trading was that simple for those who are trading.

Well, I was actually perplexed and lacking of words to say towards their experience but I what I noticed is that they don't go for the knowledge rather both went for profits and as they said there were some consultation fees they paid and few fees to start up their class but it was on the knowledge that they would start making profits within 7-14 days.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

I may say is possible for a newbie or beginner to start making profit from trading within 7-14 days? but data has it that beginners lose money in their first to two years in trading. It take 10000 hours to master a skill proficiently. My journey was not an exception I was still losing money even in my 2  and half years in trading until I started journalling all my trading activities, do proper back testing. Developing myself both emotional, physchologically and metally, with consistency, patience and perseverance.

It depend how faster you are in learning trading as a newbies because there are some newbies that will take like 6 months or 1 year to learn crypto trading before they will begin to trade to make profits from crypto market because they have seen the way old traders are trading their coins to earn profits.

My mentor nearly give up on me when I newly joined crypto trading because I was telling her that I can trade without anyone assistance in the trading because I seen crypto trading as an easy trade I can do easily until I nearly lost everything before my mentor show up to assisted me to recover my losses and impact me more.  Today I can trade coins without anybody assistance and it hard for me to lose profits from crypto trading because i don't trade anyhow.

[_BlackStar]

-snip-

You are right but I think you are directly referring to investments, and of course anyone who bought the asset at the right time should be on profit and doesn't counts whether you are newbies or professional. As a newbie whenever they cease the opportunity at the right time you would see that there are all chances to be on profits when the market starts rising at the appropriate time, but for trading it's not that possible to make profits even though we presumed to be beginners luck while trading most times it doesn't works that way.

Simply put - there is no need to force yourself to trade all the time if you believe there is some right time to start. I can give an example of the best time to trade and that is when the price of the asset you want to buy has corrected between 5% to 10%. You only need to buy the asset when the decline reaches 5% with a maximum of 50% of your total budget - meanwhile the other 50% is reserved, so you can buy again later if the price dump to 10%. If you do it like this - then you just need to wait for price recovery for some time, I'm sure your psychological pressure during trading can be minimized while waiting for the time to take profit.

So what's the problem - some traders are too eager to make profits all the time. They insist on trading every day - then they hope to make a profit. This is very unlikely to be achieved by every trader - even if there are some traders who manage to hold a consistent record for profits over time.

[Japinat]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

It is possible in these conditions;
- IF the market trend is bullish-
- IF they choose the right coins, like bitcoin

This means that not everyone will be able to earn money. Unless they trade at the right time and make a good choice of trading pairs. Since they are newbies, they mostly rely on luck, not on their knowledge and skills. That is also a reason why they shouldn't assume they will become profitable. That is also the reason why they should work hard exploring the market and finding effective strategies, as this will be the ticket to success.

[AYOBA]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

They said that impossibility can never be possible there’s that a beginner can make a profits within 7-14 days in trading, because has a beginner he/she needs to acquire much knowledge and get enough experience about the before it can begin benefits from it; if to said a trading is easy I think by now a lot of people’s have become reach in trading.

But base on how it hard hard anyone who introduces hisself into it most knows the fundamentals and techniques analysis before he/she can be able to trade smoothly without having issues, and that’s what most of the beginner don’t understand that’s why a moment they introduce them into trading they will expected to get profits.

[Floxynice]

I am not a trader myself but I have learnt a few things from my friends who are traders even before joining these forum. With the knowledge I have gathered so far since joining this forum, I believe I can also make some inputs on these discussion.

Every person who intends to start trading is actually joining because he/she believes that trading is very profitable. Just like the op's story, that's how most traders behave. They are always hyping and overhyping what they do (trading) to the extent anyone who is tasty of money would want to try it out.

It is very possible for anyone to make such an amount of money within a very short while, especially if the market is bullish,  infact i believe him. However, if anyone is going to tell newbies how trading has changed their lives, they should also not fail to talk about the days their trades weren't favourable and they had to lose money, so newbies would prepare to expect any outcome.

[Lida93]

~

I mean in their eyes its a guy looking at screens, at graphs, clicking something. Then waiting. Then another click maybe. Two more an hour later. Sounds easy enough for me lol. Kidding aside, probably possible? I mean skill is a pretty vague factor to describe especially in trading. In cases where some type of hype happens and a newbie happens to enter and buy in, it's easy profit! Personally I got zilch when I started. Heck, I bought high and sold low instead! Dips after a day scared the shit out of me and peaks after a few hours made me FOMO.

It is said that "it's easier to see when you are in flight", and that's the mentality newbies use in approaching trading as though it's simple as they have been seeing others embark on it. Sometimes when you listen to how these so-called trade experts talk about trading on YouTube and on the radio you will be convinced to believe that trading is just about jumping into the market buying low and sell high, very simple.

They omit the aspect of risk management, trading psychology TA and FA which should be what any newbie interested trader should spend as much time as necessary to learn about. Without a good level of knowledge it's very possible for newbies to trade wrongly and lose money just as you had yourself in the shoes

[Barikui1]

Well, I was actually perplexed and lacking of words to say towards their experience but I what I noticed is that they don't go for the knowledge rather both went for profits and as they said there were some consultation fees they paid and few fees to start up their class but it was on the knowledge that they would start making profits within 7-14 days.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

I think I have said this before and am going to say this again, in this crypto space we find ourselves you will only get what you deserves, and that applies to trading too, you can't just from nowhere and jump into trading without no knowledge and nothing at all and be expecting to be successful, no things doesn't works that way, you need to go for knowledge first so as to be able to navigate your way easily in the market, because you can't just enter a trade blindly and start praying think that your prayers will be answered, no,  knowledge is very much key in what ever thing we planned on doing if you really want to be successful.
Then as for your question, if it's possible for a beginner to start making profit in his first 7-14 days, yes it's possible, but it can't be main maintained, he might be lucky enough to make a few box of dollar in a week, and use a single day and lose everything including his initial margin, , because in my own perspective, what separate a successful trader and the unsuccessful ones is consistency, the successful one takes few trades but they are consistent on getting the desired result, while the unsuccessful ones take many trades as possible, they will win some and they lose some, but the end point is them blowing their account, so what am trying to say is that success can't be maintained by a beginner, if he even makes a few dollars in the first place.

[stomachgrowls]

~

I mean in their eyes its a guy looking at screens, at graphs, clicking something. Then waiting. Then another click maybe. Two more an hour later. Sounds easy enough for me lol. Kidding aside, probably possible? I mean skill is a pretty vague factor to describe especially in trading. In cases where some type of hype happens and a newbie happens to enter and buy in, it's easy profit! Personally I got zilch when I started. Heck, I bought high and sold low instead! Dips after a day scared the shit out of me and peaks after a few hours made me FOMO.

It is said that "it's easier to see when you are in flight", and that's the mentality newbies use in approaching trading as though it's simple as they have been seeing others embark on it. Sometimes when you listen to how these so-called trade experts talk about trading on YouTube and on the radio you will be convinced to believe that trading is just about jumping into the market buying low and sell high, very simple.

They omit the aspect of risk management, trading psychology TA and FA which should be what any newbie interested trader should spend as much time as necessary to learn about. Without a good level of knowledge it's very possible for newbies to trade wrongly and lose money just as you had yourself in the shoes

One of the main reason on why they do get easily being hooked up with trading is on the moment or time that they've seen huge profits or gains that they've seen online and having those direct thoughts that trading could simply make them rich. Yes, its possible but we do know that this isnt a skill that you can be able to learn in a short period of time on which it is really just that right that you do really know on how to deal with it accordingly. Beginners mentality does have that lots of holes on which its normal due to lack of knowledge on which it will eventually leading into carelessness that leads into tons of mistakes or errors. On the time that they will be facing up some issues then this is the moment that they will really be trying out to make out some adjustments basing up on what they have learnt along the way.

Trading isnt simple and it does take up some time and engagement before you can be able to learn from it and experience along the way will really be the stepping stones for you to become a good trader. It does takes up some time and the duration will really be basing up on how fast you do able to catch up. Learning FA + TA will be that recommended on which sooner or later you will be able to get along with these stuffs because this is indeed the only way that you will be able to make yourself that survive this volatile market.

[knowngunman]

Well, I was actually perplexed and lacking of words to say towards their experience but I what I noticed is that they don't go for the knowledge rather both went for profits and as they said there were some consultation fees they paid and few fees to start up their class but it was on the knowledge that they would start making profits within 7-14 days.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

Something is actually fishy here from the beginning since they heard the announcement from the Radio, that alone should send them a message that these people are purely after their money in the name of registration or consultation fees. Having guaranteed them profit to be made within the first week to second week is a red flag. Moreover, who use real assets to learn trading as a beginner? What is the essence of the Demo account? Greedy people will always learn the hard way just like the ones in your story. These self aclaim expert traders make use of newbies consultation fees to enrich themselves and nothing more. Making profit from trading is actually possible within a short period for some people but it is not advisable for a beginner to approach trading with that mentality because it would cause distraction and make them lose focus especially when they experience some lose from the beginning.

[Cryptmuster]

Simply put - there is no need to force yourself to trade all the time if you believe there is some right time to start. I can give an example of the best time to trade and that is when the price of the asset you want to buy has corrected between 5% to 10%. You only need to buy the asset when the decline reaches 5% with a maximum of 50% of your total budget - meanwhile the other 50% is reserved, so you can buy again later if the price dump to 10%. If you do it like this - then you just need to wait for price recovery for some time, I'm sure your psychological pressure during trading can be minimized while waiting for the time to take profit.

So what's the problem - some traders are too eager to make profits all the time. They insist on trading every day - then they hope to make a profit. This is very unlikely to be achieved by every trader - even if there are some traders who manage to hold a consistent record for profits over time.

Day trading is very difficult, it requires constant attention and the trader gets emotionally tired, for beginners these are not obvious things, but at first it all happens on positive emotions because beginners believe that trading will start bringing them big money and it will change their life. But later they understand that trading is difficult and here you can lose more than earn if you do not have the knowledge for trading. Everything comes with experience, later they will be able to assess their strengths more realistically.

[john_egbert]

It is possible in these conditions;
- IF the market trend is bullish-
- IF they choose the right coins, like bitcoin

This means that not everyone will be able to earn money. Unless they trade at the right time and make a good choice of trading pairs. Since they are newbies, they mostly rely on luck, not on their knowledge and skills. That is also a reason why they shouldn't assume they will become profitable. That is also the reason why they should work hard exploring the market and finding effective strategies, as this will be the ticket to success.

Anyone should rely on knowledge, first and foremost.
It's hard to understand for a newbie, maybe, but it's essential to get this concept inside the head. And keep it there.

[Adams0001]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

There is nothing impossible but the possibility of making money from trading in such short period of time is very little and less than 0.000001%. Beginners are always losing in trading. That is the reason we do tell them to trade with the amount of money that they can afford to lose. They can even trade below the amount of money that they can afford to lose as a beginner. Experience is important in trading and it can take months or years before a trader may understand how to make money from trading. Also trading is not for everyone as some people may continue to lose.

Anything is possible, but it takes time and patience. Trading is not an easy procedure, and you must devote a significant amount of time to it before becoming proficient. Any newbie in trading will undoubtedly lose because it is not an easy task, which is why it is usually recommended to invest just what you can afford to lose. Because this is not a bitcoin investment, it may lower your risk. If you lose money when trading, you will not be able to receive a refund or recover your capital. That is why they stated risk what you can afford to lose in trading so that if the market doesn't go well and you lose, you won't feel it like someone who invests huge amount and he lost it all. the pain will be different.

When I see inexperienced traders lose money, some say they would never risk it again, believing they have no future in trading. What I understand is that if you do not lose money when trading, you will not get expertise in dealing with the market and making gains. That is why it is beneficial to have a mentor who will guide and motivate you so that you do not give up on your goals. Beginners believe they can get rich quickly in trading, because some traders are already wealthy, but they fail to consider how hefirst trade aggressively and lose money before becoming wealthy. Because everybody who makes a lot of money in trading will lose a lot before reaching their goals nothing always come easily you need to face the challenges first.

[EarnOnVictor]

Why does beginners always think trading is that easier for them to make profits?

Well, I conclude by saying no one is foolish and would deliberately want to lose his hard-earned money just like that, it's the way all these influencers and even the brokers/exchanges market it to them, they will paint it as if it's a workover whereas it's a trap where the beginners lose into the brokers/exchanges pocket in some cases. Also, the trading products and programs sellers are not even helping the situation, they will make it look easy as if you are in control to make free money easily. The beginners, unfortunately, experience it before they know the truth.

[bitgolden]

People having hard time with these results isn't really new, when you are a beginner you should be getting bad results and people are used to it by now as well. I know that it is going to be tough, but we can't make it work some other way, we need to just accept it as it is.

But when you gain experience, and start to learn more about it, you start to get better results as well. Of course this isn't a simple task, but if we can do what we want to achieve to do, then we are going to get a lot better results. Many people end up with bad results because they can't approach it with steady mind and calm emotions, too many people are frantic with their moves and that is the number one reason newbies end up losing money.