Most people, new traders and old are mostly talking about how difficult trading can be, the emphasis on the difficulty has discouraged some people from wanting to even consider becoming a trader.
Do you think non traders exaggerate about the difficulties in trading or it is hyped too much by people who are already traders? Or do you think it is not a hype, that trading is actually something very difficult?
Trading is difficult because is there any way to predict the price of the coin? I think that there isn't, there isn't a formula that tells you how to predict the price. I think that trading is mostly based on luck and not on skill. If it was a skill, then a simple math formulas would help. Chess is a skill based game and computer can always beat you because it can calculate all the possible moves and outcomes. If trading was a skill based game, then bots would bring the profit but that doesn't happen. I don't want to say that trading is purely based on luck, no, you really need some skill but mostly, it's based on luck. To my mind, becoming a successful trader is similar to becoming a successful gambler.