Why does beginners always think trading is that easier for them to make profits?
Never wanted to relates this over here but i feels it's extremely important for us to discuss this and also make the beginners knows that trading is actually profitable but they must know the basics of trading, possibly spend some time doing their research to gain the right knowledge towards trading before they could start making profits.
It's all happened last week (thereabouts) when someone around a place I went to drink came up with this issues, we all sat in same table. You know as a free person and whom they also knows around that area, they were talking about how he was introduced to trading and promised him about making profits within 7 days of him joining trading. I actually never had interest to listen to him but what made me put it up was when he said he heard it on radio station where they talking about the trading and they both picked interest to start the training but after 7 days as they promised them to start making profits they began to witnessed several losses and it was like they have lose what they don't expect anymore and they decided to quit and asked if trading was that simple for those who are trading.
Well, I was actually perplexed and lacking of words to say towards their experience but I what I noticed is that they don't go for the knowledge rather both went for profits and as they said there were some consultation fees they paid and few fees to start up their class but it was on the knowledge that they would start making profits within 7-14 days.
My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?
I may say is possible for a newbie or beginner to start making profit from trading within 7-14 days? but data has it that beginners lose money in their first to two years in trading. It take 10000 hours to master a skill proficiently. My journey was not an exception I was still losing money even in my 2 and half years in trading until I started journalling all my trading activities, do proper back testing. Developing myself both emotional, physchologically and metally, with consistency, patience and perseverance.
It depend how faster you are in learning trading as a newbies because there are some newbies that will take like 6 months or 1 year to learn crypto trading before they will begin to trade to make profits from crypto market because they have seen the way old traders are trading their coins to earn profits.
My mentor nearly give up on me when I newly joined crypto trading because I was telling her that I can trade without anyone assistance in the trading because I seen crypto trading as an easy trade I can do easy until I nearly lost everything before my mentor show up to assisted me to recover my losses and impact me more. Today I can trade coins without anybody assistance and it hard for me to lose profits from crypto trading because o don't trade anyhow.