Trading is like more like gambling if...

[BALIK]

you understand first learn than earn most people don't understand but continue losing it's gambling trading is
a skill so first learn and work in demo minimum 2 years than earn it's trading.

That's too long to learn for the demo for 2 years as the minimum of it.

But I respect if that's how long you've learn and that likely assures that you've learn before you get into trading.

Others are thinking they can master it within weeks and a couple of months but it's not that easy.

With that period of how convenient it is for one to learn how to trade, it's best to use real money that they can afford to lose because that pushes them to actually learn how it works.

Frankly, practicing on a demo account for at least 2 year is too long and a waste of time.

You will not learn much from it because it is completely different from real trading. With a demo account, you will not have to face psychological pressure, fear, or greed. This means that when you switch to real trading, you will almost have to relearn everything from scratch.

The demo account should only be used for a short period and only to get familiar with trading execution. This is not the place to learn analysis, risk management or emotional control because it is not real money and everything you experience is simulated. 

If that's what worked for him and realistic, I'm giving him the benefit of the doubt because it's really possible.

But you're right that it's a long time and probably a waste of time after all. The demo modes can be good for someone who wants to learn but taking that for 2 years.

You might have no plans at all to do that with real money and all you want is to keep on testing.

Besides, to be honest, I do not believe anyone can stay patient trading with a demo account for such a long time.

The only goal for most of us is profit. I do not think anyone can keep doing that without getting bored or losing patience after a while. In fact, many people will be eager to enter the real market as soon as they make a few profitable demo trades. Maintaining trading on a demo account for 2 year is not really realistic.

[Awaklara]

Besides, to be honest, I do not believe anyone can stay patient trading with a demo account for such a long time.

The only goal for most of us is profit. I do not think anyone can keep doing that without getting bored or losing patience after a while. In fact, many people will be eager to enter the real market as soon as they make a few profitable demo trades. Maintaining trading on a demo account for 2 year is not really realistic.

That's clearly not a realistic option for someone learning to trade. Even those who are self-taught might not stick with it for long. 
Enter the market with your own money, learn, and manage your experience well. What we get from real trading is definitely different from demo accounts. 
Gamblers also wouldn't play demo games unless they had no money.

[Mame89]

Besides, to be honest, I do not believe anyone can stay patient trading with a demo account for such a long time.

The only goal for most of us is profit. I do not think anyone can keep doing that without getting bored or losing patience after a while. In fact, many people will be eager to enter the real market as soon as they make a few profitable demo trades. Maintaining trading on a demo account for 2 year is not really realistic.

That's clearly not a realistic option for someone learning to trade. Even those who are self-taught might not stick with it for long. 
Enter the market with your own money, learn, and manage your experience well. What we get from real trading is definitely different from demo accounts. 
Gamblers also wouldn't play demo games unless they had no money.

It's unrealistic to stick with demo trading especially for a long time. Most people will eventually get bored. It's more sensible to learn with demo trading for at least one month to learn and master strategy, psychology and risk management. After that enter the real market with a small amount of capital you can afford to lose, as demo trading is very different from real trading especially in terms of emotions and pressure.

The point of demo trading is to learn. Once you understand the rules, practice immediately with a small amount of money you can afford to lose. Trading without knowledge, especially going all-in, is the same as gambling. Become a good trader by learning first then taking calculated risks to achieve balance. In trading practice and action are the keys to success.

[Rubuchi]

Achieving success through trading is not easy or quickly of course, it is very important for a person to have knowledge about trading. Most people start trading with the hope of making quick money but there are very few people who can trading correctly by using the right knowledge or strategy and survive till the end. However, a persons right knowledge strategy and patience can play a big role in achieving success through trading. It is better for us to leave greed or emotion and start trading with the right knowledge or strategy, as a result of which big losses can be avoided.

I feel like trading itself have been becoming more difficult every now and then and many traders do not have big wins like they usually do in the past making trading less luckrative. That's first. Second, many people prefer to make quick money and it is with such intentions they approach trading from the start making it more difficult for them to take their time and learn the core aspect of trading which could be painstaking but highly beneficial in the long term. Lastly, most those people who are finding trading to be highly demanding ends up becoming content creators and making money through selling of signals and other trends. This is because they have acquired the knowledge and some have the experience but are not disciplined and consistent enough to keep up with its demands.

[WilliamCarter]

fair point. diving in without doing the homework is basically just lighting your cash on fire. but here's the kicker—u can study all the fa/ta u want, but fear and greed r useless in a demo account cuz u never feel the sting of actual loss. after grinding in this game for years, i realized that wasting 2 years on a demo is just cope. u're way better off putting a small amount of real capital on the line to actually feel the market move—that's the only real education. knowledge is cool, but risk management and killing off your emotions are what stop u from becoming exit liquidity for the big boys. at the end of the day, trading's just a mental war against yourself. if u're still letting your gut run the show, no amount of theory's gonna save u from being a gambler.

[Iranus]

I feel like trading itself have been becoming more difficult every now and then and many traders do not have big wins like they usually do in the past making trading less luckrative. That's first. Second, many people prefer to make quick money and it is with such intentions they approach trading from the start making it more difficult for them to take their time and learn the core aspect of trading which could be painstaking but highly beneficial in the long term. Lastly, most those people who are finding trading to be highly demanding ends up becoming content creators and making money through selling of signals and other trends. This is because they have acquired the knowledge and some have the experience but are not disciplined and consistent enough to keep up with its demands.

Trading is inherently difficult and is considered one of the most stressful way to make money in the financial market. Before the advent of crypto, not many traders were able to make money from the forex and stock markets.

The desire to make quick profit is one of the main reasons why many people end up losing money. But trust me, even if you take trading seriously, spend more time learning, gain experience and develop your skill, there is still no guarantee that you will succeed. Because, as I mentioned in the first point, trading is inherently difficult.

[Wind_FURY]

There's merely 10% of traders that actually make enough of money THAT WILL MATTER. The rest of them are where the top 10% of traders take their money from.

 

DON'T be a part of "the rest of them". Buy the Bitcoin DIP, and HODL. They'll never take anything from you.

Yes, that's very true, 10% or less than that are the traders/investors who make good enough money from the crypto market while the rest of the traders/investors are those who'll lose money in this market. The ones who buy at the right time and hold their investment for sometime are the ones who actually make something from this market, those who buy when the market is at its peak and sell when market dumps badly are the ones who keep losing money again and again in the market.

Tell our fellow PLEBS, and spread the message that because we're mere PLEBS, we should merely Buy the DIP, and HODL, and the current phase of the Bear Cycle is another Golden Opportunity for us.

I'll never stop spreading this message until everyone of US PLEBS in BitcoinTalk are HODLing only Bitcoin, and ignoring ALL shitcoins.

[CryptoBuds]

How do you know it? I know there is small number of traders who are really success in trading, but I have no idea about how percentage they are. They can be 5%, 10%, or more.

We do not have concrete evidence to prove that. However, many surveys conducted over the years have consistently shown that the majority of trader lose money. Most surveys show that 90%-97% of traders experience losses.

Yep, we shouldn't be a part of failed traders. However, there is no problem to try trading if we really assume we have proper ability or skills.
If we have no proper skills in trading, I agree that we should focus on investing in Bitcoin. We just need to buy during the bearish season, then we sell the Bitcoin when the bullish season comes. But this also still requires the analysis skills, at least we understand how to determine the right entry and exit..

With less than 10% of traders making a profit in the market, is trying to become a trader really a wise decision? Anyone can give it a try, but I do not think you should invest too much time, money, or expectation into it.

[cxtreenal]

I feel like trading itself have been becoming more difficult every now and then and many traders do not have big wins like they usually do in the past making trading less luckrative. That's first. Second, many people prefer to make quick money and it is with such intentions they approach trading from the start making it more difficult for them to take their time and learn the core aspect of trading which could be painstaking but highly beneficial in the long term. Lastly, most those people who are finding trading to be highly demanding ends up becoming content creators and making money through selling of signals and other trends. This is because they have acquired the knowledge and some have the experience but are not disciplined and consistent enough to keep up with its demands.

Trading is inherently difficult and is considered one of the most stressful way to make money in the financial market. Before the advent of crypto, not many traders were able to make money from the forex and stock markets.

The desire to make quick profit is one of the main reasons why many people end up losing money. But trust me, even if you take trading seriously, spend more time learning, gain experience and develop your skill, there is still no guarantee that you will succeed. Because, as I mentioned in the first point, trading is inherently difficult.

I completely agree with you. However, some people tend to trade for short-term and high profits. Most of the time, the various strategies they take are not fruitful because in terms of risk, trading is not much different from gambling. The more you analysis the market, the market moves at its own pace and in cycles. Even if you are an experienced trader, you will not be able to predict the future price perfectly.

As you mentioned, among the reasons for the losses of gamblers is the attempt to make quick profits. There are many other reasons such as not being patient or panicking when the price drops. Trading should not be just a short term plan. You may sometimes need to take a long-term strategy in accordance with the market situation because the market may go through a long-term correction period and at that time you need to be patient and continue to buy.