Newbies loosing money to future

[Abu-Naim]

In short, those influencers only wanted to sell their courses, and at the end of the day, the newbie loses, so if you ask me i will always prefer to trade what i know which is stocks and now that they are even available on crypto exchnage with better opportunity like having a chance to win 10 Tesla shares + share in 300K USDT just for trading stocks, with this you won't see me fall victim of people like that.

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You are right, these influencers are now selling out their knowledge, and that same knowledge is something you can just get online for free, but most newbies will prefer to for such influencers classes just because some of them do have access to some information to give them some signals and make little profits from them.

About all these offers from these exchanges, is just to attract new users to join the contest, but I don’t think most of these rewards are been distributed to the right users because I have participated in one in the past and didn’t get any reward.

Nevertheless, centralized exchanges are now offering new users ways to learn how to trade on demo accounts, therefore, no need to always rely on influencers, you can learn about trading in your own and get experience on your demo account before you start to trade with your money.

[tvplus006]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

[Y3shot]

I have heard of similar stories relating to this, where people want to make money and learn at the same time, although you can handle that in other businesses, but trading is a very Risky Business and it demands a high level of skill to be profitable. So you are not expected to start making money immediately when you start learning. To master skill to be a profitable Trader will take more than a year, so anybody that feels that they can learn and make money at the same time, is just after the money and it will lead them into regrettable decisions. it is better you go for the knowledge and master it first then the money comes later.

Where many people normally miss it is when they make making money their first priority; it is just a distraction that pushes one to go the wrong way in trading. Trading is very risky, and it is essential to gain knowledge and understanding of trading first because this is what is necessary to make a profit from trading. There are no guarantees in trading. If you don't have an understanding of trading, there is nothing you can do about it. It is a big risk to enter trading without learning because you will likely lose all your money trying to make some profit. I think people often allow ignorance to push them into what they should be learning, but they instead choose to pursue it with just ideas.

[salad daging]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

Yeah, with extensive training, a trader will be able to work independently because they have acquired skills over a long period of time.

Trading based solely on theory is not enough practice is still the most important thing. Even if you follow the trainer's advice, without practice it will be useless.

[Odogwu-Blockchain]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

Yeah, with extensive training, a trader will be able to work independently because they have acquired skills over a long period of time.

Trading based solely on theory is not enough practice is still the most important thing. Even if you follow the trainer's advice, without practice it will be useless.

I still wonder why people goes to a trading class and get equipped with knowledge while loosing seriously when about to practice, morever, tutor do not teach and can never teach the emotional aspect of trading but only technical and fundamental knowledge he teaches.

Those students find it difficult to cope with their emotions when trading and end up loosing even with the vast knowledge acquired so far.

What's certain is that, a successful trader passes through all that, kept going and win at the end.

[salad daging]

I still wonder why people goes to a trading class and get equipped with knowledge while loosing seriously when about to practice, morever, tutor do not teach and can never teach the emotional aspect of trading but only technical and fundamental knowledge he teaches.

Those students find it difficult to cope with their emotions when trading and end up loosing even with the vast knowledge acquired so far.

What's certain is that, a successful trader passes through all that, kept going and win at the end.

Why do many people take trading classes? They want to easily make profits by simply executing buy/sell orders at certain prices, but they never know how accurate the trades in those classes are.

Don't be surprised... now there are many trading classes scattered everywhere, continuously promoting themselves through the profits they share, as if those classes are truly profitable when in fact they are terrible.

Because many people want instant results and don't want to learn, they look for shortcuts.

[Mahanton]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

Yeah, with extensive training, a trader will be able to work independently because they have acquired skills over a long period of time.

Trading based solely on theory is not enough practice is still the most important thing. Even if you follow the trainer's advice, without practice it will be useless.

I still wonder why people goes to a trading class and get equipped with knowledge while loosing seriously when about to practice, morever, tutor do not teach and can never teach the emotional aspect of trading but only technical and fundamental knowledge he teaches.

Those students find it difficult to cope with their emotions when trading and end up loosing even with the vast knowledge acquired so far.

What's certain is that, a successful trader passes through all that, kept going and win at the end.

One of the biggest truths about trading learning the charts and the technical setups is only a small part of the process what really separates a consistent trader from the rest is emotional control and the ability to make decisions under pressure most trading courses focus on strategies patterns and risk management but they can’t fully prepare someone for the emotional rollercoaster that comes with real money on the line theory is safe practice is chaos. Many beginners enter the market thinking that mastering technical analysis is enough but when real losses hit emotions like fear greed and impatience take over it’s easy to throw away every lesson learned and start chasing quick recovery trades that’s where discipline becomes the hardest skill to learn and unfortunately no tutor can teach that it only develops through experience making mistakes and slowly learning to control reactions.

A trader who stays long enough learns that losses are part of the process consistency comes from managing risk and sticking to a plan even when the market tempts you to do otherwise every profitable trader has gone through those painful early stages of losing trades self doubt and emotional fatigue but the difference is persistence over time they build the mindset to see the market clearly without letting emotions dictate every move. Trading mastery is not a one year journey it’s a long and repetitive process of learning adapting and staying patient even after years there’s still something new to understand the goal isn’t to win every trade it’s to develop enough control to survive long enough for experience to start working in your favor.

[gunhell16]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

Well, to be honest, it's not easy to become a profitable trader. We truly have to go through a lot before reaching that level, and it seems like there are specific techniques that are used
to put us in that successful state.

However, it's absolutely true that practice makes us more perfect in the future. That's just the way it is: the more mistakes we make, the more we learn from them.
This is always the experience of traders who are serious about learning crypto trading.

[Lannakosa]

There are those who are practitioners, they will always combine training with real trading to understand what they've learned can work for them and what will be useless. I might agree to some extent that it's okay to try things while you're still learning, but only under one condition test it with a small amount of money, and be prepared to lose it, because your trading experience won't be enough to trade profitably. But I'm talking about spot trading, because even after many years of trading I avoid futures.

[Hamza2424]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time. Now it seems it has turned bloody for many of them who wanted to escape learning and enter straight into winnings, as the bearish market has caught up with them.

Even if it's not a bear market they can caught up by market makers, newbies should avoid future trading at first and even if they are doing it they must learn it before doing, they must practice their strategies on demo accounts first and after they find the best token for them.

Like the one they understand better in which they can predict the next move easily, then we should start trading in them. We have to learn few other things as well like risk management and the control on our emotions too.

[rachael9385]

Any beginner who want to succeed in Trading should focus on learning and also understanding the scopes of trading because if you don't have or understand the basic things of trading I don't think that you may succeed in trading, anything that we do today is since that affect us so we need to learn and the understand the basic things in Trading, most of us do not learn very well before they go into trading, I know that trading is all about understanding, but when you force yourself on it without learning you will end up of losing.

The problem most beginner traders have is that they step into that market with high expectations and less experience. Trading on a live account shouldnt be the first thing that should cross your mind as a beginner, it's important to start with demo accounts while you acquire more knowledge and build a trading strategy. The reason why many make a lot of mistakes is because they rush the learning process

[MinMan]

Why do many people take trading classes? They want to easily make profits by simply executing buy/sell orders at certain prices, but they never know how accurate the trades in those classes are.

Don't be surprised... now there are many trading classes scattered everywhere, continuously promoting themselves through the profits they share, as if those classes are truly profitable when in fact they are terrible.

Because many people want instant results and don't want to learn, they look for shortcuts.

It's not a bad idea to join these trading classes but our main motto in these classes should be to learn how to analyse and understand the markets instead of just learning some strategy which can make us earn money quickly. Most of the people will join a class expecting the mentor to reveal any such strategy where they can make thousands of dollars overnight. This will force them to pay hefty fees for those classes but at the end all they will learn will be how to lose money in the markets.

Trading is not a rocket science. Anyone can learn trading and pretend to be an expert and start teaching others. This is why we have thousands of such trading classes available online as well as offline. People should instead prefer learning on their own instead of spending that much time and money in these classes.

[mobilestrike]

I still wonder why people goes to a trading class and get equipped with knowledge while loosing seriously when about to practice, morever, tutor do not teach and can never teach the emotional aspect of trading but only technical and fundamental knowledge he teaches.

Those students find it difficult to cope with their emotions when trading and end up loosing even with the vast knowledge acquired so far.

What's certain is that, a successful trader passes through all that, kept going and win at the end.

I have never really like this "Classes" concept. I am more like a self learner and that is what I would recommend everyone. Knowledge is available for free, all thanks to the internet. You just should make up your mind to invest a decent amount of time in learning various trading techniques and how to analyse the markets. The same thing will be taught to you in any online class but the only difference will be that there will be a live person reading everything is already available on the internet. It will make you gain confidence and for some, this might be really motivating but for me, I think this is waste of time and money.

[Baki202]

...To master skill to be a profitable Trader will take more than a year

Moreover, there is no guarantee that after such training, which lasts for several years, a trader will be able to trade independently and at the same time make a profit. Because profitable trading requires not only theoretical knowledge, but also practice.

Time does not really matter I think one of the things that matters is consistency because even if you are trying to learn and you are not prepared enough to trade and it is good that they have demo accounts that can help you become a better trader. So I feel consistency matters a lot so you will be better at it. And when you are learning you need to take practicals important because you learn faster with what you see because you be able to take note of mistakes. But when you are dedicated and you putting a lot of effort into learning, which is knowledge, because that is the foundation which can determine the shape which the structure will take because the foundation matters a lot because the challenges might discourage you so mind preparation because anything worst can happen so it is very important from all this tutor,  but everything still depends on the personality of the person that have interest.

[Oluwa-btc]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

Most newbies would always want to give a try even before listening to your advice neglecting the fact that they ought to be inclined with knowledge about trading because most importantly trading is riskier especially trading futures. So it's better of to get  grounded knowledge before execution, though it may work for some person's ahd at the same time be the reverse to some others and that's why patience is needed .

[AmoreJaz]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

Most newbies would always want to give a try even before listening to your advice neglecting the fact that they ought to be inclined with knowledge about trading because most importantly trading is riskier especially trading futures. So it's better of to get  grounded knowledge before execution, though it may work for some person's ahd at the same time be the reverse to some others and that's why patience is needed .

They will understand that they need to at least listen from the piece of advice that they have been receiving once they start losing their funds in trading. And if you are a newbie, I don't think it is a smart move getting involved in futures. Yes, the profit is quite attractive, but if you are not very familiar yet with how you deal with the market, better start with spot trading first. That I believe is one of the misconceptions in crypto. Most beginners have the aim to gain large profit at a very short period of time. Hence, they are considering the crypto market as same as gambling. However, once they understood the market, they will know that there's more than meets the eyes here. It is no easy task to gain profit from trading. It takes effort and due diligence before you can really profit from this activity.

[cryptomaniac_xxx]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

Most newbies would always want to give a try even before listening to your advice neglecting the fact that they ought to be inclined with knowledge about trading because most importantly trading is riskier especially trading futures. So it's better of to get  grounded knowledge before execution, though it may work for some person's ahd at the same time be the reverse to some others and that's why patience is needed .

I don't think that there is one formula to be a successful trader if you are a newbie. You can go by yourself and try it without knowledge or have a mentor or study it first before getting your hands dirty.

But the result might not be the same for us, as again, we have different discipline, others are fast leaners. There could be individual who wants to learn everything by themselves and willing to lose money just to get that education first hand and they became successful. Yes, patience is the key for everything in our lives, that is the point, but then again, there are personalities that really want to go from point A->point B in a instance without the learning curve and this could separate the boys from men in trading.

[freedomgo]

Even early traders still lose from futures trading, so how much more for these newbies who only have greed but with no sufficient amount of experience and skills development so they can trade with a positive outcome. It pays to prioritize learning first before rushing into futures trading as no trading that involves high risk guarantees a sure win. Instead, newbies should listen to the advices and learn from the experience of early traders so they won’t resort blaming others for their consistent loss.

Futures trading may be risky, and yes it can also lead to bigger profits. But not everyone who trades are capable enough to trade in futures, so it would be safer to just stay away from futures trading and prefer spot trading instead or long term trading.

[Popkon6]

Wasn't it some days ago that I was warning newbies to start by learning instead of trading futures? But I saw some comments saying they can start and also be learning at the same time.

The real result of your idea was last night, those who took up futures trading were basically liquidated and lost all their money. Futures trading is prohibited for beginners because the way you posted it, beginners will never understand futures trading so I say you are trying to confuse beginners. No one understands market manipulation so taking up futures trading without understanding is completely stupid and throwing money away, but I am completely opposite here that no one will go with futures trading.

[tvplus006]

... those who took up futures trading were basically liquidated and lost all their money...

Not everything is so clear, because those who opened short positions received a good profit. Those who ignored risk management and, accordingly, did not use stop loss were liquidated. And considering the total size of the liquidations, we can confidently say that those who had already had sufficient trading experience were liquidated.