Quote from: Z_MBFM on Today at 02:20:09 PM

Quote from: SmartGold01 on April 12, 2024, 08:46:55 AM

Have read most people topic and comment especially the newbies and have noticed that they are always interested in trading more than holding, and of a true trading gives more profits from my own understanding that is why everyone wants to venture into trading.

Trading is for everyone if one has a budget for trading. And that money is idle money for him. Trading does not guarantee one constant profit but it is possible to profit from trading if one has long experience and skills to analyze the market. Because in the case of trading, to buy any token or coin, you have to do a good research on that token or coin that there is a possibility of it crashing or not. So everyone must have the ability to do this research to be successful in trading. Trading is for everyone if everyone has analytical skills. otherwise trading is not for everyone

Let me refresh something back to you in comparison to how people see trading..
You, during our sec school, we always have this mentality or being deceived by our elderly people about education. When you are in sec school you would see people saying 'I want to become a Doctor, I want to become an Engineer and so on' but without them knowing what is inside. By the time most of them goes into that career you would see that they are finding it difficult to cope why because they listened to their parents saying you will study engineering and you will study Medicine without letting their children decides for themselves, by the time they deep their heads inside that to study the course they would see that is not by saying that Medicine is for everyone. Yes, everyone can go into medicine or any field of study but how many of them are determined to face the difficulty involved (Reading, buying test book, carrying out practical, developing time for personal research ect)

Alternatively, what I am trying to say is that you may say trading is for everyone but how passionate are they to execute their trading exercise? Most people ends up abandoning the trading on their way either due to one or two lost they incur on the process and possibly they may lose their entire savings just to make sure they are traders but at some point they would began to entertained fear since they have lost before, and possibly most of them went ahead borrowing those money to start trading by the time they weren't able to endure for 1 year or 3 years you would find them channeling their efforts towards another thing in life to make money.

So is applicable to choice of career in life, many people has jumped from one business to another just to make sure they succeed in that business without knowing what is involved to make that business stable and growing. Therefore, investigation is needed just like a feasibility study to know things that are involved before they would say I want to become a trader at least when all these are puts in places then they would know how to fight their fear/weakness in trading.