Things you might miss when starting to trade.

[bangjoe]

Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading. Before looking too far ahead, you must first understand yourself and your situation as a beginner to start learning about trading.

Let’s say you’re starting something new for your economic growth. There are several things that need to be prepared, which are often overlooked by most people:

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally. (I think this is a given.)

If you are an employee or a businessperson who is considering transitioning into trading, it is essential to ensure you have sufficient funds to cover your expenses for the next few months, whether you are married or single. The amount required depends on your living costs; for example, calculations for 6 to 12 months ahead. This is necessary so that if you encounter the worst-case scenario in your trading activities, you will have a more peaceful life because you already have a contingency fund to support your family for several months. This is often overlooked by beginners.

The purpose of this is to ensure your life remains secure, as trading is not easy. It is not something you can master in a month or two to quickly generate income like those who have already succeeded in this field. In this industry, there are numerous adjustments to make, such as processing information, managing emotions, and adapting to the fluctuating emotions within oneself—all of which are extremely challenging to discipline. Therefore, it is essential to create multiple plans to ensure you can sustain your learning and achieve success in this field over the long term.

Active income is essential, whether it comes from your job or from someone supporting you so you can continue learning continuously, because trading is necessary for learning materials, and sometimes you may get carried away by emotions and lose the trading funds you’ve prepared, so you’ll need more and more money as a reserve.

The process will undoubtedly take some time, depending on how you learn from each mistake and what you need to have in order to generate income through trading. You may need to spend one or two years learning the ropes until you feel confident and your trades result in fewer losses, meaning your profits from trading outweigh the losses incurred.

What needs to be considered is expectations in trading. If you have relatively little capital, don't expect to get rich quickly because that will be destructive, such as expecting 50% - 100% more from each of your trades so that you use high leverage to accelerate it. On the one hand, you have a large margin, but your liquidation funds cannot accommodate it when a reversal occurs. This is what often causes people to lose money, commonly referred to as a “margin call.” They fail to account for the possibility of a decline, which must also be considered. Therefore, I believe it is better to use small leverage, such as 10x or below, for someone who is just starting to learn about the risks of trading positions, develop the right mindset, and test strategies.

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital without preparing for the worst-case scenario or how to anticipate it. The worst part was that I stopped and went back to working like before, forgetting about trading. Eventually, things improved, and I started learning again slowly. This is just a little story I can share. Thank you for reading.

July, getting a little sweetener

[Mrbluntzy]

If you are an employee or a businessperson who is considering transitioning into trading, it is essential to ensure you have sufficient funds to cover your expenses for the next few months, whether you are married or single. The amount required depends on your living costs; for example, calculations for 6 to 12 months ahead. This is necessary so that if you encounter the worst-case scenario in your trading activities, you will have a more peaceful life because you already have a contingency fund to support your family for several months. This is often overlooked by beginners.

In order for the person not to be in any mess or face any financial problem such as being bankrupt, they don't have to trade with with all their salary, you already said that the person could have a job or be running a business which mean that they already have a consistent source of income, therefore they just need to have a specific amount that would be allocated to trading for that month and if they lose the money because of the high risk, they can wait until they have enough money to deposit before they start again. If they want to keep depositing and blowing their account, that's when they will have financial problem and if they don't have any money again, they start to starve since they didn't stack up like your statement explains. With right financial management, there will be no need to fear.

What needs to be considered is expectations in trading. If you have relatively little capital, don't expect to get rich quickly because that will be destructive

An ads interrupted my video yesterday and the ads was from a trading guy that said trading is very simple and that anybody can make millions of deposits with just a minimum $10 deposit, some traders are convinced by those ads that's why they expect such profit from their small capital.

[Joy_learns_crypto]

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital

How did you manage to keep your determination after losses. I have tried my hands on trading but I have lost already in it and my problem is find a new determination after the initial determination I had starting trading has been bashed with an iron rod of losses

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading. Before looking too far ahead, you must first understand yourself and your situation as a beginner to start learning about trading.

Where I come from this trading influencers are the problem, they don’t only show their results of trading but they show luxury lifestyles, they show their lifestyles more than they teach you how to trade and they are accused of being into scams.

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally.

What will recommend to me as a good way to learn trading technically and academically. I have the interest to trade but I have loss now I am afraid to continue. How can I get my determination back and how can I be successful at trading?

[Mahanton]

If you are an employee or a businessperson who is considering transitioning into trading, it is essential to ensure you have sufficient funds to cover your expenses for the next few months, whether you are married or single. The amount required depends on your living costs; for example, calculations for 6 to 12 months ahead. This is necessary so that if you encounter the worst-case scenario in your trading activities, you will have a more peaceful life because you already have a contingency fund to support your family for several months. This is often overlooked by beginners.

If you are an employee and wanting to deal up with trading, then you wont be needing up to quit up your job directly and thats a suicide thing. The main idea on here is that you should be learning up trading on sideways or into your vacant time and considering that getting full time doesnt have any sense specially when you are living your job just because of it, then that would be a very problematic thing once you have lost your job and you would be losing up money. Even if you do have that 6-12 months money to support your needs because those amounts could be potentially be used along the way specially when you are having those losing trades on which the primary thing that would be coming up into your mind is that you are near on learning it overall on which this is a very common mentality just because you've been rushing things up. As much possible you shouldnt quit your job, you would be only doing this at the time that you've been earning twice the amount on what you do gain from your day job then this is the best time to go full time.

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital without preparing for the worst-case scenario or how to anticipate it. The worst part was that I stopped and went back to working like before, forgetting about trading. Eventually, things improved, and I started learning again slowly. This is just a little story I can share. Thank you for reading.

July, getting a little sweetener

Most of the time on which people would be making out some realization from their mistake and this is where they would be having those adjustments on which this is actually common but you can eventually be able to avoid those potential problems if you are just that being mindful about on others real time experiences on which you would be that applying into your trading. This isnt something a skill that you would be able to learn in a short time period on which means that it will be taking up some time and tons of efforts before you would be having a good grasps into it. Always be that mindful about into those probabilities ahead and never become that too positive or optimistic when it comes to results or outcomes because there's no way that we can tell whether we would be that profitabel and sustainable or simply that failed up and losing money in the end.

[moneystery]

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading.

that's basically BS, because trading isn't as easy as those influencers make it sound. trading requires a comfortable and quiet environment so you can make better trading decisions. you also need the right tools, such as a pc, a comfortable monitor, trading tools, etc. you also need to prepare before trading, usually by reading the news or conducting technical analysis, and other preparations. so, in essence, trading is quite difficult.. and if beginners believe they can trade from anywhere and achieve financial freedom by following the influencers' words, it's clear they've been deceived by those influencers' claims, because they did not convey the actual facts.

[AmoreJaz]

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading.

that's basically BS, because trading isn't as easy as those influencers make it sound. trading requires a comfortable and quiet environment so you can make better trading decisions. you also need the right tools, such as a pc, a comfortable monitor, trading tools, etc. you also need to prepare before trading, usually by reading the news or conducting technical analysis, and other preparations. so, in essence, trading is quite difficult.. and if beginners believe they can trade from anywhere and achieve financial freedom by following the influencers' words, it's clear they've been deceived by those influencers' claims, because they did not convey the actual facts.

They are so-called influencers for some reasons and that their job is to entice their viewers what they are doing. And some are not really showing the actual happenings behind the camera. Trading in actuality requires time and resources to learn the skills before you can profit from this activity. It is not an overnight task that you can learn the tricks of the trade right away.
So you might want to educate yourself in trading before believing those influencers. As a new trader, you have a lot of basic skills that you need to acquire as well as information such as - the developments of the project, where they are heading at, their trading liquidity, their position in the market, the trading platforms, their future plans and much more.

[happybitcoinph]

Without looking much deeper into the post content, from my own point of view, I'd rather see people who will enter the world of trading for the first time missing "those things" during their early days of doing trades. Mistakes are inevitable, and experiencing several mistakes is one of the biggest foundations that most newbie traders before went through and now reached the status of being a professional trader.

Experience matters.

[uchegod-21]

Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

It is true that traders come from different backgrounds, so how they react to their trades would differ from others. Some people from afar who don't understand this often admire traders then begin to have second thoughts when they are not living the life they admired before starting to trade.

Newbies especially need to know that it takes alot to become a successful trader. Good effort should be put into learning all about trading. Mentorship from a reliable mentor would go a long way. Trading is not the ideal career  those who want to get rich quick should take up.

[shinratensei_]

Basically just use 2% of your entire portfolio for trading and you're safe, on top of that you don't use all of that 2% but just few percent of it if you future trades.
It's simple and basic money management that people often overlook but can save them from losing in the long run.

Too bad though most of people will ignore such advice and just going into trading thinking they're the chosen one and gonna become the best trader in the entire world.

[harapan]

Newbies especially need to know that it takes alot to become a successful trader. Good effort should be put into learning all about trading. Mentorship from a reliable mentor would go a long way. Trading is not the ideal career  those who want to get rich quick should take up.

Coming from different backgrounds is a natural entity but we have to prepare ourselves for what we want. You can't use the mindset that you're coming from a  situation whereby you've always belittle yourself for certain things but rather embracing a positivity mindset we'll duly help. And therefore going through the process matters with little patience.

[Webetcoins]

The requirement of trading is a very long list, which means almost all beginners might be missing out one or two. But, there are alternatives for coping up temporarily.

If you miss out learning and expertizing in technical analysis, you may buy signals but no guarantee for accuracy.

If you cannot give your 100% focus for trading, you may employ bots still results may not match manual trading.

If you do not have enough capital, you can avail margin but getting liquidated is a common problem in negative market.

Overall, I mean to say, you do not need to be all-perfect to begin with trading because there are substitutes and results also not guaranteed. This way, we have concluded that trading is kind of betting but with reasoning hence expected results may happen or may not just depends on your luck factor at the end of the day even after you are 200% not missing out any requirement like fully prepared and equipped.

[tvplus006]

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally.

What will recommend to me as a good way to learn trading technically and academically. I have the interest to trade but I have loss now I am afraid to continue. How can I get my determination back and how can I be successful at trading?

For profitable trading, knowledge of technical and fundamental analysis alone will not be enough. You need to start by studying risk management, which will allow you to save your deposit and reduce losses.

[happybitcoinph]

You need to start by studying risk management, which will allow you to save your deposit and reduce losses.

I doubt these newbie traders will fully understand the meaning of risk management if they don't actually experience the real risk situation in doing trades. For them to fully understand the risk management, these newbie traders should experience losses or anything worse while in progress.

Even if they read all the basics, dos and don'ts, must thing to do checklist, and prepared everything before an actual trade, they won't understand the meaning of those if they have never suffered something bad and things they didn't expect to go wrong.

Only after experiencing several bad trades will they become serious about minimizing it in the future.

[Joy_learns_crypto]

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally.

What will recommend to me as a good way to learn trading technically and academically. I have the interest to trade but I have loss now I am afraid to continue. How can I get my determination back and how can I be successful at trading?

For profitable trading, knowledge of technical and fundamental analysis alone will not be enough. You need to start by studying risk management, which will allow you to save your deposit and reduce losses.

Do you mean I should study risk management under trading or just the regular risk management? And if I want to study the technical, academical and you added fundamental analysis of trading then how to manage my deposit and reduce my risk should be part of it.

I actually needed and advice on how to go about it and if you tell me to do something please can you add a direction on what you have used to learn what you already know about trading.

[tbct_mt2]

Do you mean I should study risk management under trading or just the regular risk management? And if I want to study the technical, academical and you added fundamental analysis of trading then how to manage my deposit and reduce my risk should be part of it.

You must learn about risk management in general before learning about risk management in trading. You can see that if you want to trade, you must have trading capital and to have it, you must have risk management on your life, finance in order to have good capital for trading. If you can not manage risk good in general, your trading capital is very unstable and it increases risk of your trading activities later.

If your finance is good, you can have discretionary trading fund and your trading begining is more solid with no pressure of earning anything from it or suddenly close your trading position by needing money for emergency. It does not mean you can take higher risk with trading, as defending your capital is most important in trading.

[Frankolala]

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital

How did you manage to keep your determination after losses. I have tried my hands on trading but I have lost already in it and my problem is find a new determination after the initial determination I had starting trading has been bashed with an iron rod of losses

Trading isn't as easy as people think it is and that's the main reason why people are rushing into trading thinking that you can make profits easily. The opposite is always the case and still some people will continue trading and making big losses. It's good that anyone trading and losing all the time should quit trading and focus more on investing.

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading. Before looking too far ahead, you must first understand yourself and your situation as a beginner to start learning about trading.

Where I come from this trading influencers are the problem, they don’t only show their results of trading but they show luxury lifestyles, they show their lifestyles more than they teach you how to trade and they are accused of being into scams.

They are not making money from trading and don't know anything about trading which is why they can't teach you how to trade. Did I hear you say their results, they will only show you the result of one profit trade after so many losses.

Of course, learning trading technically and academically is very important and must be done because it is essential as your capital to analyze the market, both technically and fundamentally.

What will recommend to me as a good way to learn trading technically and academically. I have the interest to trade but I have loss now I am afraid to continue. How can I get my determination back and how can I be successful at trading?

Trading is for everyone but not everyone can be a good trader, and you should ask yourself if you can be a good trader or not from the little experience that you have gotten from trading. I prefer investing and sleep like a baby instead of sleeping with one eye open.

[ScamViruS]

Without looking much deeper into the post content, from my own point of view, I'd rather see people who will enter the world of trading for the first time missing "those things" during their early days of doing trades. Mistakes are inevitable, and experiencing several mistakes is one of the biggest foundations that most newbie traders before went through and now reached the status of being a professional trader.

When a trader starts his journey, he has to face many bad situations, and he has to overcome all those bad situations to gain trading knowledge. Newbie traders who try to learn and change themselves with time actually do well eventually. Professional traders were once newbies, and over time, they acquired trading knowledge and eventually became successful by dealing with bad situations. That's why traders should spend time learning real things instead of being attracted to any shortcuts, and only those who have this kind of thinking can become professional traders.

[Zigabel]

Most often i don't blame people who come into trading with out a second or actual source of income or plans for contingencies because they come inmost often with the mindset that they are going to make a quick rich life from trading so they go all in at once and worse is for those who gets to get beginners luck at their first trial so they get fooled into thinking it is actually that easy only for them to later discover they needed to do even more for them to be bale to consistently reproduce such results which they had at their first set of attempts.

it is very important you have a source of income as a beginner trader from which you are going to fund your trading dreams before the trading will later fund the life for you after you must have mastered the act of trading and you are now a master at it. Trading i always tell people is not a get rich quick scheme so stop looking at the influencers who are showing off results of years of hard work, they will only tell you the best they can tell you but can not give you the actual experience, you may have to get it by yourself, it takes time and nothing good comes easy, you will need time to build it. Trading takes time to master and become profitable but you can master it if you put your mind to it and put in the work.

[Rockstarguy]

Without looking much deeper into the post content, from my own point of view, I'd rather see people who will enter the world of trading for the first time missing "those things" during their early days of doing trades. Mistakes are inevitable, and experiencing several mistakes is one of the biggest foundations that most newbie traders before went through and now reached the status of being a professional trader.

Experience matters.

For sure, you can't do it without mistakes, and one will definitely make mistakes because it is impossible to know it all. However, I think it is very wrong for people to just go in without having any understanding, just because they want to learn from their mistakes and also learn from experience. Getting the basic knowledge of trading reduces mistakes and risks in trading. Going into trading without having knowledge of trading will even cause one more losses. Having basic knowledge in trading doesn't mean one will not encounter mistakes, but at least it will reduce mistakes and losses.

[Wakate]

Without looking much deeper into the post content, from my own point of view, I'd rather see people who will enter the world of trading for the first time missing "those things" during their early days of doing trades. Mistakes are inevitable, and experiencing several mistakes is one of the biggest foundations that most newbie traders before went through and now reached the status of being a professional trader.

Experience matters.

Trading to perfection is a stage and we shouldn't expect a trader that just learn about trading maybe for about few weeks to starts making consistent profits from the market when experience has not been acquired. Trading is stages and we should always be prepared to learn and follow rules that will help us to make money from the market without going to far.

Trading is not for the weak but for those that are ready to acquire the knowledge that is needed without being too desperate to make fast profits from the crypto market. Crypto trading should be a dedicated activity not activity that encompasses greed and manipulation.