Quote from: virasog on Today at 11:36:22 AM

Quote from: schuriken on May 16, 2020, 02:55:20 PM

Quote from: Gafman on April 21, 2020, 09:49:26 PM

I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.

I write this article today to explain some few reasons why i think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so called (money multipler groups).

2. No Risk Management
I am a victim of "No Risk Mangement". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have a proper risk management regardless of your analysis of the market. I personally enter a position with 3 -- 5% risk of my total equity.

3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as i mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you changing the pairs you trade.

Additional information and advices would be appreciated. Thank You, Stay Home, Stay Safe.

well ,being good in anything need knowledge and experience think who ever join trading world must give time to learn it and to loss and get experience after time maybe 2/3 years repeating that he will grow and start to see clearly how to make profit.IT TAKES TIME.

People come in trading with a hope that they will make big money easily. When they start trading, they experience the loss and therefore they become disappointed and leave trading. The reason is that they did not learn the trading properly. If you come in any field to make money, you should first fully learn it if you want to be successful.

I admit that it is indeed difficult to trade when volatile prices are high, and crypto currencies are famous for that reason,
when trading our enemy is lust, if you can't hold it then you lose