Things you might miss when starting to trade.

[Pandu Geddon]

Trading is more strategical and tactical such that your expectations can't be fulfilled in most cases why we don't need to put all hopes basically because we traded with an amounts and we should expect results in no time. Trading will always burst ur bubbles no doubts why is needed to understand money and risks management so well.

If beginner traders are unable to manage their finances and risks, yet continue trading despite losses, what will happen is financial ruin. Anyone who wishes to trade must first be able to manage their finances. Similarly, for those who want to invest, managing finances will make it easier for us to know the amount we can use for trading and the amount we will use for living expenses.

[Leahized]

Trading is more strategical and tactical such that your expectations can't be fulfilled in most cases why we don't need to put all hopes basically because we traded with an amounts and we should expect results in no time. Trading will always burst ur bubbles no doubts why is needed to understand money and risks management so well.

The technique for trading is very important. Because the market will not always be on its own. That is why you always have to keep yourself ready, what to do. Yes it does not always meet your expectations, but it is important to acquire all knowledge in trade.  You are telling me that the results do not come fast when doing trade. But I think, once the trade is open, the result is to close the trade quickly without extra greed. So that during the profit, the market does not go against itself.

[M47AK16]

If beginner traders are unable to manage their finances and risks, yet continue trading despite losses, what will happen is financial ruin. Anyone who wishes to trade must first be able to manage their finances. Similarly, for those who want to invest, managing finances will make it easier for us to know the amount we can use for trading and the amount we will use for living expenses.

But yet, that is where most will get stuck. Managing finances sounds way easier than it actually is. There always are sudden expenses which will ruin the financial planning. Individual really needs to stay dedicated and stick to their planning in order to do so. When it comes to money, people often become careless until and unless they have money. They start getting serious and tend to start caring about money once they see their wallets starting to be empty.

If we have resources, we enjoy them to the fullest. This is common human mentality. Overcoming this mentality is when you become mature enough to handle your finances. Trading is really tricky and can really make you earn stable profits if you have those skills and proper money management methodology. Risk management is actually the key to success in trading.

[knowngunman]

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.

But he's right by the way 

Learning how to trade is actually not difficult, what is difficult is making profit from trading. Of course, people make profit from trading but if you conduct a research and compare the number of people who makes profits and the ones that lose, the latter will overpower the former with a huge gap.

These ads are sponsored by trading apps, platforms and even exchanges with the aim of winning people over to deposit and trade in their platform. If it's that easy to make millions from trading with a deposit of at least $10,everyone of us would have been a pro trader.

[savetheFORUM]

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.

But he's right by the way 

Learning how to trade is actually not difficult, what is difficult is making profit from trading. Of course, people make profit from trading but if you conduct a research and compare the number of people who makes profits and the ones that lose, the latter will overpower the former with a huge gap.

These ads are sponsored by trading apps, platforms and even exchanges with the aim of winning people over to deposit and trade in their platform. If it's that easy to make millions from trading with a deposit of at least $10,everyone of us would have been a pro trader.

Learning trading can actually be fun and interesting but panic starts once we jump into real trading. Trading will not only give us profits but mostly will wind up in losses. These kind of advertisements make money by every click or just by referring people to start trading on a specific platform. Their revenue stream are these advertisements.

If trading is that profitable or would give us definite profits than why would these advertisement agencies stick to advertisements and not jump into trading. They will assure us definite profits but they themselves will not get into trading but will just lure people to get their hands dirty.

I have seen a lot of new people starting with trading being lured by such ads and they start their first investment immediately after seeing someone win millions in trading within these ads. We don't even know if it is genuine as there is nothing to back these kind of ads. People should be more careful when it comes to money.

[Lanatsa]

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.

But he's right by the way 

Learning how to trade is actually not difficult, what is difficult is making profit from trading. Of course, people make profit from trading but if you conduct a research and compare the number of people who makes profits and the ones that lose, the latter will overpower the former with a huge gap.

These ads are sponsored by trading apps, platforms and even exchanges with the aim of winning people over to deposit and trade in their platform. If it's that easy to make millions from trading with a deposit of at least $10,everyone of us would have been a pro trader.

Learning trading can actually be fun and interesting but panic starts once we jump into real trading. Trading will not only give us profits but mostly will wind up in losses. These kind of advertisements make money by every click or just by referring people to start trading on a specific platform. Their revenue stream are these advertisements.

If trading is that profitable or would give us definite profits than why would these advertisement agencies stick to advertisements and not jump into trading. They will assure us definite profits but they themselves will not get into trading but will just lure people to get their hands dirty.

I have seen a lot of new people starting with trading being lured by such ads and they start their first investment immediately after seeing someone win millions in trading within these ads. We don't even know if it is genuine as there is nothing to back these kind of ads. People should be more careful when it comes to money.

Learning trading looks exciting and fun in the start but reality feels very different once real money is involved profits are not consistent and most beginners face losses more often than gains this is the stage where panic begins and emotions take over and sadly this is exactly what advertisements take advantage of they highlight the good side the fast wins and the few stories of overnight success while hiding the much larger number of failures their business model is not really about helping people trade but about earning from clicks referrals and commissions every view and every sign up makes them money which is why they keep pushing ads instead of showing the actual risks of trading.

If trading was truly easy and guaranteed then these companies and agencies would be trading with their own capital instead of investing in campaigns to pull new people in the truth is they know most beginners will lose and that is why the focus is on marketing not on trading itself many newcomers fall for these illusions they see fake screenshots or staged videos of people making millions and they believe it can happen to them immediately but there is nothing to verify those claims without proper knowledge and risk control rushing in only leads to bigger losses this is why it is important to slow down learn first and treat every decision with care because money once lost is very hard to get back and the emotional damage can last even longer than the financial one.

[justdimin]

Learning trading looks exciting and fun in the start but reality feels very different once real money is involved profits are not consistent and most beginners face losses more often than gains this is the stage where panic begins and emotions take over and sadly this is exactly what advertisements take advantage of they highlight the good side the fast wins and the few stories of overnight success while hiding the much larger number of failures their business model is not really about helping people trade but about earning from clicks referrals and commissions every view and every sign up makes them money which is why they keep pushing ads instead of showing the actual risks of trading.

This is why I suggest people two things when they are starting trading for the first time. You should be learning but you should not be trading right away, and my suggestion is that you should be trading something small at demo accounts and if you could do that then you could end up with a lot better returns, it should not be that hard.

Think about it this way, if you do demo trading first and then small amounts (literally just 50-100 dollars) at start of your real money trading, then after a while you can get better. This way, between a learning period, a demo period, and a small amount period, we have someone not trading huge amounts for over a year. That would make someone a good trader and would definitely prevent them losing a lot at the start.

[Youngrebel]

It is a good advice for newcomers in trading but many f anyone want to trade, he or she should use reserve funds and not the funds meant for the spending in the house. Because if he used off the money meant to pay bills it will affect him so using money meant to use in the house is not advisable.
And beginners should not use big amount to trade but little amount so that they can use it to learn trading and if they lost the fund it would not be painful.

[Hamza2424]

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.

You said yourself that it is not an overnight skill that they can learn, but they know that, and they have learned it the long way too. But they tell their followers that if they do this, they will easily understand the market in a 10-minute video and can follow that strategy to make every trade a winning trade.

They tell a lot of lies, and one of them is “we never told anyone a lie to sell ourselves,” while they are doing that when they say it haha.

We have to use our own sense, and now artificial intelligence has made everything easy to learn. So if we want to learn, we can ask it, and even if those influencers are selling something that we are not sure they are doing, we can ask AI and get some idea when we have more facts and information about that token.

[Oluwa-btc]

For a smooth workflow, certain criteria's are required but oftentimes,many beginners underestimate the influence of risks.Certain goals and initiatives are essential and developing certain discipline is a top tier to succeed.

[HistoLock]

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

I think before trading you must know the things that you must know such as: candlestick patterns, support resistance, indicators, you must have an idea about these things. But you have to keep in mind that trading is always risky so you have to work on the basis of analysis and if you cannot analyze it perfectly then you will lose money. I would say that you have the right knowledge about the king and move forward. If you do not understand the language of candles while trading then you will miss the win you cannot bring you the win even if you want to because you have to know what the function of candles is. If you can understand whether the market will go up or down by looking at the candles then you can become an experienced trader. I trade by analyzing all the things and based on the candles. If you can recognize whether it is Bullish or Bearish by looking at the candles then you will definitely not miss the win you will be ready to win at least to some extent. If you want to trade in the up market then you must know the Bearish candle. So I would say that you gain all the knowledge of trading and ensure success.

[sana54210]

Just because you do technical analysis, doesn't mean that you are not going to miss things. It's just normal human thing to be able to miss some stuff, it is what happens and we just need to be aware of it and that is why I am pretty sure that if we give it enough time then everyone makes mistakes.

I personally believe that the best thing that we can do about trading is to accept that we could make mistakes and move on with that idea. Because if you can accept that then you are going to be ok and then you are going to see what mistakes you made and try to avoid making the same ones again and again. This will allow you to do a lot better job and you are going to get the result that you want eventually and be a lot better.

[puloweh555]

It is a good advice for newcomers in trading but many f anyone want to trade, he or she should use reserve funds and not the funds meant for the spending in the house. Because if he used off the money meant to pay bills it will affect him so using money meant to use in the house is not advisable.
And beginners should not use big amount to trade but little amount so that they can use it to learn trading and if they lost the fund it would not be painful.

In other words before trading, you must be able to manage your finances well because trading is unpredictable. Many traders especially beginners are sometimes tempted by the profits they see from others leading them to try without proper financial management.

Even worse they boldly take out loans to trade. Yet, trading is so complex, requiring mastery of several elements knowledge, financial management, emotions, and constantly learning from mistakes. These essential elements in trading should not be overlooked and should not be taken lightly. In trading even trivial matters can impact your future trading.

[junder]

If beginner traders are unable to manage their finances and risks, yet continue trading despite losses, what will happen is financial ruin. Anyone who wishes to trade must first be able to manage their finances. Similarly, for those who want to invest, managing finances will make it easier for us to know the amount we can use for trading and the amount we will use for living expenses.

Given that trading is inherently risky, if a beginner doesn't know how to manage their money but insists on trading, financial ruin could result. In this regard, we certainly need to be able to manage our finances well, and I believe this is a prerequisite for trading to minimize potential losses. In fact, I believe money management is crucial beyond trading or investing, as it can determine our lives.

[masulum]

Just because you do technical analysis, doesn't mean that you are not going to miss things. It's just normal human thing to be able to miss some stuff, it is what happens and we just need to be aware of it and that is why I am pretty sure that if we give it enough time then everyone makes mistakes.

Technical analysis can be wrong if the market behaves differently than we anticipated. Even when analyzing indicators and candlesticks, fundamental factors influence the outcome, which can also alter the analysis. This misanalysis can happen to anyone, but it's perfectly normal as long as traders can make quick decisions if movements deviate from their analysis. Always setting up stop-loss and take-profit levels is a safe way to prevent losses when the trend reverses and becomes down, or excessive losses when the market plunges.

Analysis is only a prediction, the market will determine its way. If the way doesn't align with your analysis because there's a missing piece you weren't aware of, admitting it is better than regret it. Market activity is beyond our control, and this is the missing piece of analysis that you can never incorporate into any indicator.

[ndutndut]

If beginner traders are unable to manage their finances and risks, yet continue trading despite losses, what will happen is financial ruin. Anyone who wishes to trade must first be able to manage their finances. Similarly, for those who want to invest, managing finances will make it easier for us to know the amount we can use for trading and the amount we will use for living expenses.

Given that trading is inherently risky, if a beginner doesn't know how to manage their money but insists on trading, financial ruin could result. In this regard, we certainly need to be able to manage our finances well, and I believe this is a prerequisite for trading to minimize potential losses. In fact, I believe money management is crucial beyond trading or investing, as it can determine our lives.

In any case financial management is a key pillar for achieving goals and it's fundamental to life. It may seem simple but many people don't practice it. So don't underestimate financial management in trading.

In trading besides money management you also need risk management. Money management means being able to manage your money in trading, at least with money you can afford to lose. Risk management, on the other hand, requires knowing how to avoid risks beyond your control (such as news, black swan events, etc.). Furthermore, you need to have analytical skills when trading, such as understanding market movements and potential trends.

[Skjadoon]

Trading isn't hard to learn; making consistent profits is the real challenge.

[Mame89]

Given that trading is inherently risky, if a beginner doesn't know how to manage their money but insists on trading, financial ruin could result. In this regard, we certainly need to be able to manage our finances well, and I believe this is a prerequisite for trading to minimize potential losses. In fact, I believe money management is crucial beyond trading or investing, as it can determine our lives.

In any case financial management is a key pillar for achieving goals and it's fundamental to life. It may seem simple but many people don't practice it. So don't underestimate financial management in trading.

In trading besides money management you also need risk management. Money management means being able to manage your money in trading, at least with money you can afford to lose. Risk management, on the other hand, requires knowing how to avoid risks beyond your control (such as news, black swan events, etc.). Furthermore, you need to have analytical skills when trading, such as understanding market movements and potential trends.

Everything you said is absolutely true. Financial management is paramount in undertaking any risky activity. Furthermore many beginners often overlook fundamental trading principles, such as not having a trading plan. They enter the market without a plan, simply following trending news, often referred to as FOMO. This leaves them with no clear sense of entry and exit, ultimately leading to significant risk. Planning in trading is in fact essential to financial management as the lack of a plan can lead to haphazard trading decisions and emotional oversight which can lead to losses.

[wiss19]

In any case financial management is a key pillar for achieving goals and it's fundamental to life. It may seem simple but many people don't practice it. So don't underestimate financial management in trading.

In trading besides money management you also need risk management. Money management means being able to manage your money in trading, at least with money you can afford to lose. Risk management, on the other hand, requires knowing how to avoid risks beyond your control (such as news, black swan events, etc.). Furthermore, you need to have analytical skills when trading, such as understanding market movements and potential trends.

Risk management will also involve money management in it's okay. Risk management teaches us how much of our capital should we risk on once specific trade. Risk management according to me is a key factor to really have profits without much losses in trading. Trading will defiantly give us losses as no one has that "perfect" strategy. Everyone will end up in loss atleast a couple of times before starting a winning streak. But how to minimize those losses, how to recover from those and how to end up being profitable even after bearing losses is what risk management teaches us.

For a beginner, learning how to trade and using different indicators as well as a proper understanding of risk management can be a good start. Experience will teach the remaining.

[Mpamaegbu]

~snipped~

Yes, if we want to become a much better trader than before, it does require quite a big sacrifice, both in terms of finances and time. Yes, learning to trade is not as easy as we think or instant, we need to spend time to learn the theory, follow market developments, and practice consistently. Besides learning trading techniques, it is also important to hone our psychological skills, including discipline, patience, and emotional control when trading.

I think it's more of time than finances, if one wanted be a better trader. Nothing beats acquiring the skill set for trading. Once that's achieved, even a $10 funded account is huge investment that can be flipped within days. When I hear traders who are trying to start out complain of capital and sometimes they mark out a certain range of amount they would like to have before starting out, I laugh. I laugh because it simply tells me that they haven't learned.l anything. It's just a matter of time before they're back to square one with blown account. I think the first thing anyone has to bear at the back of their mind is to tell themselves that they aren't in competition with anyone else as a trader. Once that's settled, a certain level of burden is taken off one's shoulders.

Learn by back testing whatever strategy you think you've. Burn the midnight candle doing so. That's how serious minded traders act to up their game.