Being an institution in the trading journey

[DiMarxist]

 As a forex trader you need to under the processes for being a fulfilled forex trader. There are things that makes you a successful trader, if not you will be called a trader that gave up the journey because of tiredness of the market.
 As a forex trader you need to understand that there are Three levels to your trading journey, which are
The learning stage:
The learning stage is the beginning or the starting stage of a trader, in this stage the trader is trying to understand the dos and the don'ts of the market, he finds a trading strategy, he fails learn from his mistakes and relearn form his mistakes and some times blow his account , build his emotions and lot more. The next stage is
The stable trader:
In this stage the trader is now  a balanced trader, he has mastered his emotions, he has a working strategy that he keeps to, he is not carried away by the market, he is diciplined and he is a profitable trader, he now makes money out of the market.
The trader as an institution:
This last stage is very important in a traders life because, when you fail to raise up younger ones who will carry on what you have started, you are as good as a failure. That's why most people give up on trading, because at their old age they cannot keep up with the emotional stress of the market. But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

[gunhell16]

Trading is a very broad topic, there is no shortcut that can be taken here so that we can immediately achieve what is called passive income. Because the majority of traders in the crypto space are really well experienced in trading. It is not possible here that you can always get a profit from trading by chance, there is no such thing.

As a trader, we really need to be disciplined, have proper control over our emotions, and we also do not need to use many strategies,
even if only one is fine as long as it gives us a profit.

[Findingnemo]

But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

You mean the fund managers? Or the people who claim we will do the trading for you because it is illegal to trade on behalf of someone else, so make sure the one you are trusting is licensed under the SEC or the respective regulatory bodies of the country. We can see tons of advertisements all over the internet that they are teaching how to make profits or we assist you in trading by what to do, etc but mostly they are just scams.

[mirakal]

There’s no perfect trading journey. While most of traders want to earn and make passive income, but that is not as easy as it is. Experience matters a lot, that most successful traders have ruined their savings account first before they began to gain serious profits from trading. This is how trading should be seen, not just all for greed and money-making, but it comes with determination and perseverance to endure the losses first prior to achieving success.

It’s good being an institution in the trading journey, but unfortunately, not all who trade end up as legends. Some are just good when starting, but decide to quit and leave the market when they can no longer endure the risks in trading. That’s why only few have reached the peak success in trading.

[sheenshane]

The stable trader:
In this stage the trader is now  a balanced trader, he has mastered his emotions, he has a working strategy that he keeps to, he is not carried away by the market, he is diciplined and he is a profitable trader, he now makes money out of the market.

I don't think it will happen in real life, trading isn't as easy as that.
No matter how expert you are, you still experience losses in trading because price sentiment is always unpredictable. This unpredictability is why we sometimes make mistakes when placing our positions.  In short, there are no exemptions when it comes to losses in trading.

The fact is, trading isn't for everyone.
If one person loses, another is in a winning situation.
That's how trading works, and there's no guarantee of consistent wins.

But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

That's not a wise decision, just do trading on your own.
On that kind of trading, most likely will end up as a scam.

[OcTradism]

As a forex trader you need to under the processes for being a fulfilled forex trader. There are things that makes you a successful trader, if not you will be called a trader that gave up the journey because of tiredness of the market.
 As a forex trader you need to understand that there are Three levels to your trading journey, which are

I feel strange that why did you discuss about Forex trading in Bitcoin forum and at this Trading board?

Let's discuss about Trading Bitcoin on cryptocurrency exchanges which are either Centralized Exchanges or Decentralized Exchanges. I really dislike to discuss about Forex trading that is not too appropriate here.

Through trading in the market, your biggest concern is safety of your trading fund, and whether you can defend it safely without loss. A next concern is whether you get profit with trading from your initial trading capital.

I don't see tiredness has any big role here but sure, don't over trade and feel tired with trading.

Don't forget using this order.
One of best weapons in trading.

[traderethereum]

I am not a forex trader but the learning of trading can be done for crypto traders. The learning stage will determine someone become a pro trader or leave trading shortly. It is because that person will learn so many things about trading and not many people stay to learn.

If they can learn better than others, he will become a good trader where he can analyze the market and enter to the market in the right time. He know what he will do if the market is unstable and difficult to analyze. He will not in rush to trade to make a profit because he will analyze first before decide.

If he can have many things needed in trading, he will become a pro trader so he can make a profit. But it need time before he can be a pro trader so he must learning more.

[MArsland]

As a trader, we really need to be disciplined, have proper control over our emotions, and we also do not need to use many strategies,
even if only one is fine as long as it gives us a profit.

You are right not to use many strategies, but it does not hurt to understand all trading strategies well, because a volatile market will provide uncertain movements. Therefore there are various types of strategies to adjust positions to their movements.

[TheUltraElite]

Well for Forex, I have seen that people cant stay for long. But in any speculative market, the ability to identify when to buy or sell is what differentiates a trader making consistent profits from others who are not.

But trading is indeed a journey, it is not a get-rich-quick scheme. There will be bad days and good trading and they are all part of the entire process. Understand what you did wrong in the bad days and learn from them.

However trading is not for everyone, for them it is better to stay away from it.

[Jaksonhard]

Trading is not so easy that someone will come and start trading in a new situation. There is no such option here through which he will trade to earn money in a shortcut and will be profitable. If he wants to earn money in this trading, he must be very experienced. He has to know about the strategy and he will constantly create new strategies from which it is much easier for him to analyze the market. Yes, it is true that he will not be able to get profit from here constantly or in every trading, but if he trades with his knowledge, then he will definitely get more profit than loss.

So if we want to be a great trader then we must avoid greed. We must be on top of what we are doing and control our emotions and never do more than the amount. So we should know the market, know the strategies and analyze the currency. We must be fully knowledgeable in them properly.

[justinlamode]

But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

You mean the fund managers? Or the people who claim we will do the trading for you because it is illegal to trade on behalf of someone else, so make sure the one you are trusting is licensed under the SEC or the respective regulatory bodies of the country. We can see tons of advertisements all over the internet that they are teaching how to make profits or we assist you in trading by what to do, etc but mostly they are just scams.

I wanted to ask these questions too because what I understand as institution in trading is different from the definition the OP gave. Institution that I know in trading are like the market makers who have huge capital that they move the market when they execute their trades. They are also regarded as Smart Money and there are several technical analysis strategies that claim to be trading inline with them. The aspect of teaching others our trading strategy does not make trading institutionalized rather it could just be a way of sustaining the family legacy if trading is the major occupation of the family.

[Findingnemo]

I wanted to ask these questions too because what I understand as institution in trading is different from the definition the OP gave. Institution that I know in trading are like the market makers who have huge capital that they move the market when they execute their trades. They are also regarded as Smart Money and there are several technical analysis strategies that claim to be trading inline with them. The aspect of teaching others our trading strategy does not make trading institutionalized rather it could just be a way of sustaining the family legacy if trading is the major occupation of the family.

People who are fucking rich won't even dare to say that I only rely on trading for my income because they know it will be a lie and what we see are minions who just pretends to be rich just only to make money from others. Whereas brokers are licensed who don't really approach the customers, but the users will approach them to manage their savings and take a cut as well as commissions for each trade and in overall profits.

[harapan]

It's not an easy task to venture into trading and starting a trading journey requires a lot of understanding though we may have different perspective on why we decide to go into trading but nevertheless there's no smooth trading journey and it's so tiring how some traders hold up the chances of wanting profits knowing how the trading space is. Trading is an institution that we learn alot due to experience and we tend to make the difference with it.

[Wakate]

I hope you know that we don't forex trade here, and having such an experience in the forex market will give you an edge to making money faster in the crypto market because you must have learned so many things with couples of experiences. There are few things that makes the forex market difference from crypto and that is what many crypto traders might not be aware about.

Just like in the forex market, people don't trade during the weekend but in crypto, it's doing the week that market mostly tend to move, when everyone is relaxed. We can trade as much as we kike in crypto and their are thousands of coins you can choose to trade in their pairs. You are only trading different currencies in trading and most time, you will be forced to trade the popular ones because they tend to be very volatile.

[DaNNy001]

As a forex trader you need to under the processes for being a fulfilled forex trader. There are things that makes you a successful trader, if not you will be called a trader that gave up the journey because of tiredness of the market.
 As a forex trader you need to understand that there are Three levels to your trading journey, which are
The learning stage:
The learning stage is the beginning or the starting stage of a trader, in this stage the trader is trying to understand the dos and the don'ts of the market, he finds a trading strategy, he fails learn from his mistakes and relearn form his mistakes and some times blow his account , build his emotions and lot more. The next stage is
The stable trader:
In this stage the trader is now  a balanced trader, he has mastered his emotions, he has a working strategy that he keeps to, he is not carried away by the market, he is diciplined and he is a profitable trader, he now makes money out of the market.
The trader as an institution:
This last stage is very important in a traders life because, when you fail to raise up younger ones who will carry on what you have started, you are as good as a failure. That's why most people give up on trading, because at their old age they cannot keep up with the emotional stress of the market. But those who are wise makes institution like an academy were people trade for them while they go to sleep, In  that  way they are giving back to society and making profit for themselves.

When you are learning from a mentor don't just learn from his or her success also learn from the person's failures as well... Trading isn't a quick rich scheme, it's not something that you can just learn within a space of few months...you must be disciplined and determined to be a successful trader..one last thing you need is patience without this you are going to make some irrational decisions that would affect you

[Rruchi man]

This last stage is very important in a traders life because, when you fail to raise up younger ones who will carry on what you have started, you are as good as a failure. That's why most people give up on trading, because at their old age they cannot keep up with the emotional stress of the market. But those who are wise makes institution like an academy were people trade for them while they go to sleep, In that way, they are giving back to society and making profit for themselves.

The longer you learn to trade and the longer you trade the market, the better you become.

If you are very old in the market, it is very unlikely that the market will begin to give you the same emotional stress just as it used to do some years ago when you were early in trading.

Also, trusting your profits to the hands of people you've raised that do not have as much experience as you do may be risky for you because you cannot always vouch for their emotional balance, which is important, even though you can claim that they have enough knowledge to trade for you.

You can help educate other traders but never build people up with the intention of depending on them.

[TheUltraElite]

When you are learning from a mentor don't just learn from his or her success also learn from the person's failures as well

Well the ones who are out there to make profit which is like 100% of the mentors, dont really want to tell you about their failures. Because by doing so they would be showing how bad they are at trading - the teacher needs to be a 100% goody-goody person like a hollywood movie style if you are American, or Messiah style if you Christian.

So they will not tell or you have to be cunning enough to know that this information is being withheld on purpose.

But most long term traders are the ones who run for the long, this implies that those who have made trading a good source of income have mostly done it though long term and not short term gains. Those might be better people to listen to, not self-proclaimed teachers.

[Mastercon]

There are tons of examples of jesus talking smack about cash. I think it's perfectly reasonable to say that jesus would have been opposed to bitcoin simply because it's money. Bitcoin is just better money, if it doesn't pan out then maybe it's not better money after all. Honestly, I would read the resources, rewrite them myself, cut out anything not related to Bitcoin, and link the  shitcoin sources below. Use logic. If you were a successful bitcoin day trader, would you be posting about courses to sell to other people? You are young and naive, influencers prey on people like you, unfortunately. We already have agents transacting in bitcoin that's what nostr DVM's are, in essence very primitive agents. Actually mostly like her take on it more than i like bukele's, as she's not going with the legal tender approach (due to not wanting it to be mandatory). she also is behind daedalus, and has pioneered bitcoin backed self-paying mortgages. We need an insurance organization that is nonprofit, consumer run, and holds its premiums in Bitcoin. All this doesnt affect us bitcoiners in terms of our purchasing power, but what can we buy? progress is fed up up by those people, there would be much cooler and better stuff to buy but its prevented. Due to technology forever enabling more production and less consumption, the natural drive of progress should result in a deflationary currency. You get more for less. You work less tedious jobs, but you produce more for society. This is all backward in fiatland.

[Dr.Bitcoin_Strange]

So, when the person is old and can not trade again, what happens to his profit that was made over the years? Or are you telling me that the trader would just be making profit and spending it until they grow old? A trader that has learned everything necessary and is making profit consistently should cultivate the habit of investing in other asset of passive income and should also save their retirement funds or buy more Bitcoin. By so doing, when they grow old, they will not even need to trade for them to survive, they can leave on their investments.

[justdimin]

when you fail to raise up younger ones who will carry on what you have started, you are as good as a failure. That's why most people give up on trading, because at their old age they cannot keep up with the emotional stress of the market.

You sound like that trading as a family business hence it will be taken care by the next generation. But, I am sure, trading is not that kind of. Because, you cannot inherit your trading knowledge to your next generation to take care of yours. Trading is very high risky one hence if you are able to do it profitable then you must focus on developing other business which can be your family business but not exactly the trading itself.

A trader that has learned everything necessary and is making profit consistently should cultivate the habit of investing in other asset of passive income and should also save their retirement funds or buy more Bitcoin.

I agree. Trading is not profitable for all of us. If you are profitable, you must focus on securing your future from the profits of trading. Investing into bitcoin for retirement plan must be a great idea for any trader, in such case, no one is needed to take care of a trader for sure.