Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

edgararakelyan

Why Don't More People Learn to Trade?

Recommended Posts

The money to be made in trading is phenomenal. With enough practice and enough money you can become a profitable millionaire working at home. I wonder why more don't learn and practice trading instead of going down the path of education.

Share this post


Link to post
Share on other sites

Because it's difficult and takes a lot of commitment, and because (retail) traders have to take responsibility for their own learning process and most people are far too used to having someone else control this for them (usually an employer).

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

Hi ,

 

Trading is extremely competitive .You have to devote a lot of time to learning and practice . Further you can also lose some money until you get your strategies and money management right . Trading on demo is vastly different from trading live . You have to trade live in order to get things right , to learn not to get carried away by your instincts ,emotions . Learning to trade according to plan is the most difficult part , markets are dynamics ,your plans do go haywire often. I think becoming a successful and consistent trader is one of the most difficult tasks in the world .

 

It is said that you have to devote 10,000 hours to trading and practice and learning before you can become a successful trader . Many do not have that kind of patience.

 

Ninad.

Share this post


Link to post
Share on other sites

because the money to be lost in trading is also phenomenal.

you had better have an education to fall back on

you need enough capital to learn to trade sucessfully enough

most people are simply either not capable or dont want to persist or are even simply not honest enough for trading.

Share this post


Link to post
Share on other sites

Trading involves a lot of difficulties that people have inherent problems with.

 

1. Uncertainty. People don't like uncertainty. Trader's are always risking money under varying conditions of uncertainty.

 

2. Significant capital required. You can run stats as many ways as you want to run them but there is still a rather significant amount of capital required to trade. Most people don't have this level of capital. If you do 100% return and want to make the average 55k per year income then that means you'll need a 55k account. Very few people have this sort of money and many can't even entertain it... Compare that to an education which could very possible land one a job making 55k+.

 

3. Big returns are only seen on the long time horizon regardless of whether one is "short term trader" or "long term trader". Even if you make 400% on 20k then you've made 80k -- about what an average professional makes and spends per year. In order to ever get ahead, you're going to need to do big returns over several years. Though surprisingly, much less then many dream of making.

 

4. Easier To Obtain Capital For Education. It is relatively easier to get money to get an education then to start a trading business. As most students don't have any money and can't get a job, there is no real risk in default either.

 

5. Working Provides Faster and More Money. Up to a certain level, just going to work will produce one the fastest money possible. A student with debt and no money may take a job out of college for 40k-90k. They may have 1k in savings to their name. That's a 40x-90x return the first year with no capital risk.

 

---

Curtis

Home - OrderFlowDashPro

 

 

The money to be made in trading is phenomenal. With enough practice and enough money you can become a profitable millionaire working at home. I wonder why more don't learn and practice trading instead of going down the path of education.

Share this post


Link to post
Share on other sites
The money to be made in trading is phenomenal. With enough practice and enough money you can become a profitable millionaire working at home. I wonder why more don't learn and practice trading instead of going down the path of education.

 

Well looking at the stats you can see how many failures there are in Forex. It is hard to think that only 5% are successful and others lose money. If we look closer the reason behind is that many just trade for fun and think that they are gambling. Forex is well more complicated to be considered as a game. This is why many loses in this market!

Share this post


Link to post
Share on other sites

hi

 

1.it is simply most unstructured business and way of earning.

2.The traders who are earning money they do not want to help other one because they learnt it paying or loosing money.

 

many more ...

 

 

thx

CS

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • #forex #forexnews #Brexit #GBPUSD is trading at 1.2867, having breached key support on Tuesday, courtesy of Brexit delay. The pound fell below the 50-hour moving average, confirming a bearish reversal on short duration charts. The key MA had consistently reversed pullbacks throughout the rally from 1.22 to 1.30 and may work as stiff resistance henceforth.  The GBP was offered as #PrimeMinister #Johnson's #BrexitBill won parliamentary support, but the government’s timetable of just 3 days debate on the bill was rejected.  With the parliamentary defeat, the probability of Britain leaving the European Union (#EU) before the Oct. 31 deadline has dropped sharply.  Further, a source in Prime Minister Boris Johnson’s office said on Tuesday that a new election would be the only way to move on from Britain’s Brexit crisis if the European Union agrees to a delay until January.  On a daily chart, the uptrend in GBP/USD appears to have stalled. Signs of indecision loom as a #Bearish Harami candlestick pattern risks paving the way for a reversal. Prices are eyeing near-term support which is a range between 1.2773 and 1.2798. A close under this barrier could open the door to testing former highs from September. Otherwise, clearing resistance at 1.3001 prolongs the uptrend. Expectation for GBP to “retest the 1.3010/15 level” was incorrect as GBP rose briefly to 1.3000 before plummeting to 1.2862 during NY hours. Upward pressure has dissipated and the short-term risk is for a deeper pullback. That said, any weakness is viewed as a lower trading range of 1.2810/1.2920 and a sustained decline below 1.2810 appears unlikely for now. Next 1-3 weeks:  #GBP tried to break clearly above 1.3000 for the second straight day yesterday (22 Oct) but slumped after touching 1.3000. For now, there is no change to our view from Monday (21 Oct, spot at 1.2880) wherein “GBP has to ‘punch’ above 1.3000 and register a NY closing above this level in order to indicate that the current rally has enough ‘ammunitions’ to extend to 1.3050, possibly as high as 1.3150”. While there is no change to our view, severely overbought conditions suggest GBP could ill afford to dither below 1.3000 or the risk of a short-term top would increase rapidly. From here, unless GBP cracks and stays above 1.3000 within these 1 to 2 days, a break of 1.2770 (no change in ‘strong support’ level) would indicate that the positive phase that started more than a week ago (see annotations in the chart below) has run its course. Looking ahead, a breach of 1.2770 would suggest that GBP is ready to ‘take a breather’ after the steep rally over the past couple of weeks.  
    • good news indeed, recognized in latin america as well. good job
    • CWM FX was a foreign exchange trading firm located at the Heron Tower at 110 Bishopsgate, otherwise known as Salesforce Tower. Dealing at the firm was suspended in March 2015 following a police raid on the firm and 13 arrests. There have been no convictions relating to these arrests as of 15 June 2015. CEO Anthony Constantinou was convicted in 2016 of sexual assault and sentenced to serve 12 months in jail.[1] London Police later revealed that most of the company's revenue came from a £50m alleged Ponzi scheme which promised returns of 5% per month Real charmer this conman..no? Now sit back and watch how he either fx off or trys to play the victim. Adults don't need moderators.
    • I know a parrott that has a higher IQ than you.
    • Feel free to copy and paste every time mr constipation posts. Do not be deterred by anything he says because he's a lying conning crook who can sue me for slander anytime
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.