Would agree, lots go in including myself thinking it’s easy money which it’s far from as you can think you have learned everything and then the market goes the opposite way
it can be easy money too with minimal knowledge and experience until the account blown
We live in an instant gratification kind of world. We want results likeyesterday. Twitter,Insta, Snap, Telegram, Discord, Youtube you name it all show us social media traders killing it and it’s soooo easy. It’s raining money! All I have to do is put $5 bucks in some app or website, click a couple buttons and once the line goes up, presto! I just made $1000. EASY! We want some of that, especially if it’s that easy, right?
There you go.
1 Like
I agree. But are there any real institutes/trainers that can teach you well enough so that you can build profit making strategies?
1 Like
No, there are no as such, key is to make trades, if there is profit enjoy and for loss sit back for while, and think what went wrong do not make another trade to compensate the loss as that time you might be in the state of taking kind of revenge (emotions). Don’t trade when you are happy or sad, trade while you have a normal mood.
Building a profitable strategy doesn’t have to be hard… Check out my post I just wrote today… Details how easy it can be…
Hope that helps.
Nathan
I think that’s a personal preference. Do as many as you and see where you start getting overwhelmed.
When you feel overwhelmed, start scaling back until you feel like it’s manageable.
1 Like
There are multiple examples in Pipsology. Try those.
Do the work. Shortcuts will only lead you back to the beginning.
2 Likes
when 80% of people losing money in a game,you know it’s maliciously manipulated.
Or the people drawn into the game treat it just like that - like a game.
Personally I think almost all traders are intelligent people who otherwise work hard and many of whom are well educated. But because they never get the slightest idea what is involved in successful trading they quickly lose all or most of their capital. There really is no need for anyone to manipulate a market to take money from this lot - it would be entirely wasted effort.
1 Like
I believe having no to minimal experience in trading doesn’t really helps in longer run, one should be practical and knowledgeable enough to handle their trades to expect positive results.
Exactly right, traders with minimal or no knowledge in trading often tend to loose money.
80% on first 6 months , the percentage go up to 95% with time , even more , it is very tough thing you may ever know in your life
I agree but it’s even more than that, though. I’ve got many years experience and make a profit, but it’s a constant battle not to lose money. I’ve learned that the difference between winning and losing is razor-thin. I can easily imagine traders making millions then losing it all. My risk of blowing my account is always there. I equate it to the chances of me crashing my car driving to work - an occupational hazard… but that risk never dissapears.
1 Like
Hmm I agree with you. This risk can only be mitigated and not completely finished.
True! Though there are many other reasons too, lack of sufficient knowledge is the most common reason. The other common reasons include lack of risk management and trading psychology.
Yeah!
When trading, you must stick to your trading strategy and avoid overtrading.
Cause the market is not driven by trendlines, resistances, gartley patterns etc. The market is driven by liquidity, where the central bank’s algorithm offers entries for interbank traders (explained in a very simple manner). Thus knowing how to read price as an interbank trader is necessary. Something most of the retailers are unable to do, cause of a lack of understanding and unwillingness to believe and persevere.
Do with it what you want…Just know that the ones who know, trade against what you learn here. That being said…The normal retail trader does not act as liquidity. There are large players in the market that are being ‘‘used’’.
No, I don’t think the same. Losses are part and parcel of every trade and they cannot be predicted.
It’s about accepting the randomness of the markets regardless of knowledge and experience.It take time to fully grasp that.
Simple answer but true