Experience indeed makes traders more confident in making analyses and placing trading positions. Trying more and learning from experience can develop a trader's skills. Of course, it will take time to become a trader who consistently makes profits in the long term.
In the process, we often see some traders eventually give up and seek other ways to succeed. Those who can make consistent profits can be said to have a better life from trading.
Before you try to make trading your main source of income, think about the fact that no more than 3% of traders trade with profit, in some sources I managed to find the figure of 5%, but this is still very little for the total number of traders. And this means that trading can be unprofitable if you do not have the necessary knowledge for this. The market is designed so that someone loses and someone earns, if one trader earned, then another lost, that's how it works.
Therefore, becoming a trader is one of the most difficult skills in the long run. The survey results prove that this job is indeed very difficult to do, but it is not impossible for you to pursue it. It just requires more dedication in understanding many market concepts and global life, because the world can change quickly. Something that happens in the world will affect market movements, and in the market world, those who have faster information are the ones who can seize greater profit opportunities.
Honestly, the market mechanism works that way—it’s not exempt from losses and profits, which are inherent risks. Even if you’re not trading cryptocurrency, but instead trading vegetables, minerals, or other commodities, the risk of profit and loss still exists.
In many cases, when you search or find something online by writing trading, you will notice that by trading, they mean a better life and a more expensive life. They mention it, but in reality, it is quite difficult to make a profit by trading, if someone does not actually follow trading for a long time, it is not possible for him to make a profit. So in this case, a message goes to the newbies that maybe they will be able to enjoy that kind of better life by trading. So many people think that starting trading means that they will only make a profit. But they do not think that they can lose, which is why most people face losses when they come to trading.
The image of trading that is packaged online for most people who are newbies to trading to invest their money in them either to learn or for signals is that trading means a better life, some even go as far as to even sell the message of quick profits to those interested in trading. The bitter lesson is that these newbies to trading often gets to discover on their own that it is not so, that even their so called mentors are not as successful as they think without the regular training fees and fees for their signal groups. Many traders who look successful online are not actually successful in real life.
For beginners, it’s understandable to pay for signal groups like these; after all, it’s a learning process that must be gone through. At the beginning, it’s important not to become overly reliant on the signals they share. Before joining such a group, it’s essential to research the background of the people behind it, as this will help filter out scammers in the trading world, which are prevalent everywhere. Even regarding trading books, much of the knowledge within them can be found online without having to purchase expensive books.