How to begin trading without allowing fear to control you

[Texac]

But I would still disagree on this point few days is not enough to learn  technical basics of trading. If in just 3 days you go with real money worth of $10, you haven't learned, let just say you are just gambling with small money and calling it psychology training….

There's no way you can learn trading in a few days, that is not realistic. Trading isn't like investment where you only need to invest and hold. Trading is far more complicated and complex to understand within a few days. This might be what those fake traders sell to people and they buy it, if trading is that easy to learn in a short time,  many people would have been traders today.

The minimum time to master trading is 4-6 months but if you are someone who learn fast, then it might take you 4 months but learning it in just a few days is  just unrealistic.

Actually, 3 days is enough for anyone to learn the basic mechanics of trading, like placing buy and sell orders, setting stoploss and takeprofit, and getting familiar with the trading platform. That's all, nothing more

As for the minimum time to master trading, that depends on how fast you pick things up, your background knowledge and a bunch of other factors..You can't slap a fixed 4-6 months on everyone cause we're not all the same.
And knowing how to trade doesn't mean you can trade profitably.

[Promocodeudo]

There's no way you can learn trading in a few days, that is not realistic. Trading isn't like investment where you only need to invest and hold. Trading is far more complicated and complex to understand within a few days. This might be what those fake traders sell to people and they buy it, if trading is that easy to learn in a short time,  many people would have been traders today.

The minimum time to master trading is 4-6 months but if you are someone who learn fast, then it might take you 4 months but learning it in just a few days is  just unrealistic.

Learning itself is not that easy, although how determined and interested someone is in what he wants to achieve can make it easy and faster for the person to learn, but I doubt if there's anyone that can learn trading in some days, how is that possible, there are technicals in trading, yea i'm not a trader, but I have heard many things about trading, the skill stuff, so is someone telling me that in 3days a potential trader can learn all of it, maybe such person can come up with feasible fact to back up such claim, for now I'm still skeptical on how possible such could be.

[nara1892]

But I would still disagree on this point few days is not enough to learn  technical basics of trading. If in just 3 days you go with real money worth of $10, you haven't learned, let just say you are just gambling with small money and calling it psychology training….

There's no way you can learn trading in a few days, that is not realistic. Trading isn't like investment where you only need to invest and hold. Trading is far more complicated and complex to understand within a few days. This might be what those fake traders sell to people and they buy it, if trading is that easy to learn in a short time,  many people would have been traders today.

The minimum time to master trading is 4-6 months but if you are someone who learn fast, then it might take you 4 months but learning it in just a few days is  just unrealistic.

It took me personally more than a year to finally start making consistent profits from trading and even then, only small amounts. This means you’re right that trading is far more complicated than people imagine, it’s not comparable to investing. Trading requires managing many different factors, balanced, and maintained such as determination, patience, precision, consistency, responsibility, and mental and psychological resilience. You must be able to balance all of these under any circumstances. Many traders end up going bankrupt because they can’t maintain this balance and let their emotions get the better of them. In short, I agree that trading is far more difficult than one might imagine.

[Mr Reporter]

Actually, 3 days is enough for anyone to learn the basic mechanics of trading, like placing buy and sell orders, setting stoploss and takeprofit, and getting familiar with the trading platform. That's all, nothing more

As for the minimum time to master trading, that depends on how fast you pick things up, your background knowledge and a bunch of other factors..You can't slap a fixed 4-6 months on everyone cause we're not all the same.
And knowing how to trade doesn't mean you can trade profitably.

I might just say 3 days is enough to click buttons and that all, and not to learn any mechanics of trading my friend I just hope you know what you just said because talk about the mechanics of trading it took me some years to master that class by then….In fact I even spent close to 1k$ while learning back then, like it so impossible for that to even happen…..

Yes you have rightfully said that 3 days is enough to learn how to drive a car at same time learning how to press gasoline….

Now let me Break it down a little bit when we talk about the trading mechanism which is involved in trading such as spread, lot of sizes calculations, margin call level, swap fees, slippage, different orders types limit, stop trade, stop limit, now so tell me how is a newbie who just started be able to finish this in a short period of 3 days how is it even possible?

When you see a news spike, a weekend gap, a margin warning to really understand the platform what comes to your mind as a newbie…things like this are to be expected and learned…..

[Bright0515]

Actually, 3 days is enough for anyone to learn the basic mechanics of trading, like placing buy and sell orders, setting stoploss and takeprofit, and getting familiar with the trading platform. That's all, nothing more

As for the minimum time to master trading, that depends on how fast you pick things up, your background knowledge and a bunch of other factors..You can't slap a fixed 4-6 months on everyone cause we're not all the same.
And knowing how to trade doesn't mean you can trade profitably.

It is easier said than done, remember that everyone doesn't really have the same mental capacity, to some they are going to need more than 3 days for them to understand these basics concepts of trading that you are actually talking about. And as for the specific period to master trading there isn't a rule of thumb for this.

[@nn@_pen9]

As far as I have realised from my own trading experience, no matter how much experience you have in trading, it is not possible to control the fear of loss 100%. If you can make the budget allocation affordable, it is possible to reduce losses and fear a little. Most new traders fail to control their fear and lose everything in the trade due to overconfidence.

Fake money trading in a demo account before starting trading isn't that important to me, because no one trades seriously in a demo account, and there is a big difference between demo and real money trading. So new traders should trade with real money, even with a small amount.

For beginners, a demo account serves as a learning resource it allows those interested in trading to gain an understanding of the process and draw their own conclusions as they learn before starting the actual, real thing. It is only right for those who want to start, to use very little money or money that they can afford to lose while trading so as not to disturb your other finances,

Those with experience or a history of trading have naturally grown accustomed to it; the fear they once felt gradually fades over time as they continue to trade. It is this experience that causes that fear to slowly dissipate, as they learn to effectively manage their trading positions and strategies.

[YOSHIE]

Everyone likes trading, but because of the risk involved it makes others feel discouraged about it. I’ve noticed some don’t look for knowledge first before they start trading. They just focus on profit.

You may use various strategies when carrying out trading activities in the crypto market to overcome your fear. For me, the fear that haunts me the most in trading is losing money, nothing else.

But I can overcome this fear in one way, namely by using cold money in trading, when I don't feel burdened and feel afraid of losing the main money, in that situation I remain calm in carrying out crypto trading activities, creating a demo account in trading for me is no guarantee to overcome my fear, because after trading on a demo account, of course I am required to make real trades, of course the fear will come again.

With the cold money that I use, of course I am ready to lose, like point 5 you mentioned, there is no guarantee to overcome my fear when using Stop Loss positions, Take Profit targets and so on, with cold money it is enough to overcome my fear.

[Achalugo BTC]

For beginners, a demo account serves as a learning resource it allows those interested in trading to gain an understanding of the process and draw their own conclusions as they learn before starting the actual, real thing. It is only right for those who want to start, to use very little money or money that they can afford to lose while trading so as not to disturb your other finances,

Those with experience or a history of trading have naturally grown accustomed to it; the fear they once felt gradually fades over time as they continue to trade. It is this experience that causes that fear to slowly dissipate, as they learn to effectively manage their trading positions and strategies.

Perfectly said. But as for me, I don't really like the idea of demo because I believe it doesn't make much difference, as one will still experience pressure. Though everyone is different, some people who learn how to overcome fear through demo accounts. However, whether one uses a demo account or not, it is necessary for one to first acquire the basic knowledge and understanding before taking any step towards it. One should also invest only money they can afford to lose, as that will help them gain experience.

[Su-asa]

Open a Demo account[/b]:It’s better to practice trading with fake money first, learn different strategies, and gain confidence before you start using real funds. I can say you should try it for about 2 to 3 weeks, then later switch to real funds. Start with the little money you can afford to use. Don’t let anyone confuse you. Always follow your rules and only put in funds you can afford to lose 100%.

This is very important because it builds your confidence and when this is built gradually fear would not longer be a factor when you start trading on the live market. Making use of a demo account is very crucial for strategy development, the reason why a lot of traders that are beginners end up incurring lots of losses that makes them want to quit trading but the main problem here is that they try to develop a strategy while trading with a live account.

[Pandorak]

For beginners, a demo account serves as a learning resource it allows those interested in trading to gain an understanding of the process and draw their own conclusions as they learn before starting the actual, real thing. It is only right for those who want to start, to use very little money or money that they can afford to lose while trading so as not to disturb your other finances,

Those with experience or a history of trading have naturally grown accustomed to it; the fear they once felt gradually fades over time as they continue to trade. It is this experience that causes that fear to slowly dissipate, as they learn to effectively manage their trading positions and strategies.

Essentially, demo accounts do have many benefits, one of which is to practice the strategies we’ll apply when trading with real money. This is very useful for conducting various backtests with virtual funds, so that when you incur a loss, you won’t lose anything. However, based on my own experience, trading with real money and trading on a demo account feel very different. No matter how many positions you open on a demo account or how strong your mental resilience becomes, when you make your first deposit and open a position, your heart will still race and your hands will break out in a cold sweat, at that moment, the fear of loss will haunt you.

Therefore, one way to overcome that fear is to have confidence and this comes from having the right strategy. Even if your position eventually hits a SL, you can evaluate what went wrong and correct it. And sure enough, over time you get used to it and that fear will fade, replaced by confidence.

[Cossyblack]

Perfectly said. But as for me, I don't really like the idea of demo because I believe it doesn't make much difference, as one will still experience pressure. Though everyone is different, some people who learn how to overcome fear through demo accounts. However, whether one uses a demo account or not, it is necessary for one to first acquire the basic knowledge and understanding before taking any step towards it. One should also invest only money they can afford to lose, as that will help them gain experience.

I think one of the reason why some people prefer demo is so that, they can acquire the basic knowledge without experiencing any real losses.  Trading require more of practicing that theory. If you are just reading to acquire the basic knowledge about trading without mixing it up with practicals, you may not get the experience you needed to build up your confidence.

Demo and real life trading may not be the same experience but it's necessary to learn with a demo account so you can practice consistently without any emotion and develop your strategy that will help you in the real trading.

[Achalugo BTC]

I think one of the reason why some people prefer demo is so that, they can acquire the basic knowledge without experiencing any real losses.  Trading require more of practicing that theory. If you are just reading to acquire the basic knowledge about trading without mixing it up with practicals, you may not get the experience you needed to build up your confidence.

Demo and real life trading may not be the same experience but it's necessary to learn with a demo account so you can practice consistently without any emotion and develop your strategy that will help you in the real trading.

Right, but it depends on  individuals, as people have different ways of learning. Some people learn and understand how the market moves better when they are using a real account. Nonetheless, whether one uses demo account or not, it is important understand how the market is being operated, and for one to learn how to manage their emotions, as that will help them to make informed decisions and also helps to build up their confidence.

[Junii]

I think for beginners they have to treat trading professionally because it is a financial market they do not have to treat it like a gambling like they will bring 100$ to the market and double it in a few days. Also you mentioned important points in your post but some points i will add from my side first of all knowing emotions he/she has to understand on which basis they are opening a trade sometime there is not a good opportunity for entry but a person think like i haven't took a trade today now i do not have to waste time and he/she opens a trade actually at that time our brain craves for emotions rush that is why a person did this so knowing emotions and the reason behind a  trade is very necessary if someone want to be a profitable trader also journaling is very necessary as well that he/she has to learn from there mistakes plus following there own strategy and never break the rules they made for a trade.

[Freeveto]

Actually, 3 days is enough for anyone to learn the basic mechanics of trading, like placing buy and sell orders, setting stoploss and takeprofit, and getting familiar with the trading platform. That's all, nothing more

As for the minimum time to master trading, that depends on how fast you pick things up, your background knowledge and a bunch of other factors..You can't slap a fixed 4-6 months on everyone cause we're not all the same.
And knowing how to trade doesn't mean you can trade profitably.

I might just say 3 days is enough to click buttons and that all, and not to learn any mechanics of trading my friend I just hope you know what you just said because talk about the mechanics of trading it took me some years to master that class by then….In fact I even spent close to 1k$ while learning back then, like it so impossible for that to even happen…..

Yes you have rightfully said that 3 days is enough to learn how to drive a car at same time learning how to press gasoline….

Now let me Break it down a little bit when we talk about the trading mechanism which is involved in trading such as spread, lot of sizes calculations, margin call level, swap fees, slippage, different orders types limit, stop trade, stop limit, now so tell me how is a newbie who just started be able to finish this in a short period of 3 days how is it even possible?

When you see a news spike, a weekend gap, a margin warning to really understand the platform what comes to your mind as a newbie…things like this are to be expected and learned…..

I am glad you are letting him know that it is not as easy as he thinks trading can be. Three days is never enough to learn about trading no matter how good and smart you can be, but if you have somewhere to be expecting signals from, you can actually learn how to place an order by obeying your signals to make entry, set stop loss and take profit, and also set leverage.
This is not the trading you are supposed to learn; the main trading includes market analysis, fundamental analysis, and technical analysis. Understanding them properly means you knows how to study the market and get the right entry for your trade. If you get that right, you can be reffered to as a trader, but it is not easy at all.