Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Emma Glory on August 13, 2021, 01:00:41 PM
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Still not profitable with your trading
expecting advice from expert advisor
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The reasons for the trading to be not profitable are numerous and actually, you can do the analysis on your own. There are a couple of things that you should pay attention to, i.e. your trading strategy, psychological factor and the broker's trading conditions. The most widespread mistake lies in trading strategy. If the process of decision making is wrong, then you'll have bad results. Analyse which indicators or factors trigger your decision to whether open a trade or close. I'd advise you to make a trading journal, where you should write your decisions and factors that made you make this decision. The next thing is psychology. It is an open secret that emotional trading cannot be profitable. Some traders define such feelings as greed and fear. Greed comes when you had a couple of successful deals and you want to continue this lucky streak. In such a situation a trader usually forget about risk management and any kind of common sense and does stupid mistakes. You should definetely avoid it. The problem may be with your broker which charges you crazy commissions or spreads so there is nothing left for you. Anyway, if you really want the community to solve your problem, you'd better give more information about your current trading strategy.
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Find the exact reasons for your trading failures. That is the only way you can improve your trading results. As for experts, you didn't share enough information about your current trading strategy, so it is impossible to say the best ways for you to be a success.
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You should analyse your decision making process and find the reasons for the lack of success. The best way to do it is to split your trading strategies into small steps and see which ones bring the losses.
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Trading can be unprofitable for many reasons, but you can analyze and improve on your own. Focus on your trading strategy, psychological factors, and broker's trading conditions. Often, the biggest issue is a flawed strategy. Track what indicators or factors influence your decisions. Keeping a trading journal can help. Emotions like greed and fear can also harm your results. After a few successful trades, it's easy to ignore risk management. Lastly, your broker might be charging high commissions or spreads. If you want more specific advice, share details about your current strategy.
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I get your frustration with not being profitable in trading. It can be super tough, especially when it feels like you're doing everything right but still not seeing the results you want.
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I get your frustration with not being profitable in trading. It can be super tough, especially when it feels like you're doing everything right but still not seeing the results you want.
If it feels like you're doing everything right and you're still not getting results from your trading, then it means you're not doing everything right, no matter how you feel about it. Settle down and do not get disturbed by plenty of emotions so that you can spot the problems that you are still facing in your trading and address them because if you don't, you will not progress from a stage of losing steadily from trading to the position where losses are rare.
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The name implies simple but content analysis can be difficult but anyway a forex expert trader is a person who has a lot of knowledge and skills in forex trading. They usually have a great understanding of the forex markets and influence them at the right time. What is going to happen in the future of the market and the sentiment of the investors are in their thoughts. Moreover if you want to become strong traders, you have to experience various things like Conduct a Self-Assessment, comfort capital, understand the market situation, risk factor and Set up a Trading Strategy.
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Trading can be unprofitable for many reasons, but you can analyze and improve on your own. Focus on your trading strategy, psychological factors, and broker's trading conditions. Often, the biggest issue is a flawed strategy. Track what indicators or factors influence your decisions. Keeping a trading journal can help. Emotions like greed and fear can also harm your results. After a few successful trades, it's easy to ignore risk management. Lastly, your broker might be charging high commissions or spreads. If you want more specific advice, share details about your current strategy.
That is why it's essential to know or have the basic knowledge and understanding of crypto before one can go into trading or investing because crypto is not something one can just jump into and start expecting success when you don't have the idea or information from experience investor, this can make us know when and how we can trade or invest, when we know what we are doing or what we involved ourselves in, then I don't think we won't be profitable with our trading, although sometimes the market fluctuates which can lead us to loss but when we have the knowledge and the understanding, we won't be loss that much.
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Still not profitable with your trading
expecting advice from expert advisor
You should not jump into something that you don't fully understand mate , best way to learn is to Hire at least a Mentor ,
because they are the one who will teach you how to be good in trading and also best to learn that this is risky and you must
lose first before finally understand the trading world .
also this is not as easy as you may find because Trading is not for everyone , there are even half of those who tries that
gain and half fails or sometimes even more from it.
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Still not profitable with your trading
expecting advice from expert advisor
If you are an expert trader and still not profitable with your trades you might want to consider changing your approach or strategies but if you are at an intermediate level you should focus more on learning First, trading is not just something you dive into and expect to understand overnight, a lot of newbie traders think after watching a few random tutorials on the internet can make them know everything there is to know. Having a demo account would also give you an idea on how to navigate your way around the market, but before going into any of that take your time and study
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They are numerous reasons why one may not be profitable in forex but firstly you should know that forex trading requires patience lots and lots of patience you may trade for months or years even and still not see results
Now that aside make sure you are using a good strategy there are different strategies out there try searching for the best and also make sure to discipline your psychology and your self, don't just rush into trades make sure your analysis is correct that aside you can help yourself by setting Dailly limits like a target profit for a day or maximum amount of trade you should take a day and as well a limit to your loss you decide to set up a particular amount you are willing to loose a day and after that amount is exceeded don't trade again
Also know that it is not compulsory that you trade everyday if you notice that the market is moving in an irregular way avoid trading that day this may help you avoid some unnecessary loses
Lastly always learn from your loses try to understand why you it didn't go your way
I hope this helps
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There is profitability in trading, nit not everyone doing it make profits, trading is what we should do with the aim of taking the risk and making the use of what are available for us on ground to aid the perfect trading experience we wanted to have, when we know what we are doing and how to go about every other trading activities and requirements, but when all these is done and we are not still getting it, then many things would have been left undone.
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There is profitability in trading, nit not everyone doing it make profits, trading is what we should do with the aim of taking the risk and making the use of what are available for us on ground to aid the perfect trading experience we wanted to have, when we know what we are doing and how to go about every other trading activities and requirements, but when all these is done and we are not still getting it, then many things would have been left undone.
You are right, not everyone makes Profit from trading, the financial market has a lot of complexities and you can be on the losing side if you don't take notes and acquire enough knowledge needed. I wouldn't say we should trade with the aim of taking a risk instead take calculated and responsible risks this is what differentiates trading and gambling. With the application of risk management your losses wouldn't be more than your profits Because. A lot of traders lose sth the beginning of their journey and give up without pressing forward and learning from their mistakes.
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Still not profitable with your trading
expecting advice from expert advisor
Trading can be complex, and if you're not profitable, reassess your market approach. Consider adjusting your strategy if it's not yielding desired results. Developing emotional resilience and courage is crucial for effective trading.
A solid foundation in trading knowledge is essential for achieving your goals. Additionally, being an expert in learning from mistakes, adapting, and applying new insights is vital for continuous improvement. By focusing on these areas, you'll be better equipped to navigate the markets and achieve your trading objectives.
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Still not profitable with your trading
expecting advice from expert advisor
An expert advisor can only do his part to encourage you not to give up and if he’s kind enough, he’ll want to check to correct you in where you’ve made mistakes in your trading that you’re still not profitable. But an expert advisor requires you that you also play your part well in making sure that you’re not relenting in your learning process. Trading is a self development skill and if you’re not ready to develop yourself and always depend on an advisor, it’ll become hard for you to make it through trading because you’ll always see yourself failing and been discouraged instead of being profitable and be encouraged more to keep the consistency going.
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I used to struggle with staying profitable too—it’s super frustrating, I get it. One thing that really helped me was trying out a Trading Robot (https://forexflexea.com). It basically runs trades automatically based on set rules, so I didn’t have to overthink or let emotions mess me up. I used to get caught up in the highs and lows, and this made everything feel way more steady.
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An expert advisor can only do his part to encourage you not to give up and if he’s kind enough, he’ll want to check to correct you in where you’ve made mistakes in your trading that you’re still not profitable. But an expert advisor requires you that you also play your part well in making sure that you’re not relenting in your learning process. Trading is a self development skill and if you’re not ready to develop yourself and always depend on an advisor, it’ll become hard for you to make it through trading because you’ll always see yourself failing and been discouraged instead of being profitable and be encouraged more to keep the consistency going.
Day traders should have good knowledge in technical analysis besides getting additional guidance from expert advisors. With a limited range, prices are difficult to predict. And if we do not understand intraday support and resistance levels, we will be trapped in the wrong position. Intraday or swing trading may have lower risks and wide ranges so it is safe for us. Sometimes our mind has not reached that point, this is where the importance of people who know and are proficient.
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It take time, courage, patience and consistency. Remember we learn from our failures in the market. That give us experience and understanding.
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It take time, courage, patience and consistency. Remember we learn from our failures in the market. That give us experience and understanding.
Yes, I think those who have the time, courage and patience can bring the market into their own hands and thus gain a lot of experience about the market. Those who have these are 100% successful.
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It is fine if you are able to find an expert and does all the advises because it's hard to get along with these real experts that share their trading knowledge. But most of the ones that we'll see are telling us to pay for their service but they are not real experts. They are only gurus that teaches the basics of trading and they have no real trading experiences compared to the lowkey ones that don't even want to be seen in the public discussing all the knowledges that they have learned on their own and, with all the backtesting that they have done.
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It is fine if you are able to find an expert and does all the advises because it's hard to get along with these real experts that share their trading knowledge. But most of the ones that we'll see are telling us to pay for their service but they are not real experts. They are only gurus that teaches the basics of trading and they have no real trading experiences compared to the lowkey ones that don't even want to be seen in the public discussing all the knowledges that they have learned on their own and, with all the backtesting that they have done.
We see that most of the people who are coming to this trading in the world of crypto currency follow different trading groups, so they follow the signals given by the group without pasting any knowledge. We can see from the discussion that they are all always on the verge of loss, never using their knowledge and their skills to move forward. What I mean is that if we cannot use our own knowledge to move up, then we have no value, we have no need to follow the words of others. We will always try to do something ourselves and show others by doing it ourselves.
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It is fine if you are able to find an expert and does all the advises because it's hard to get along with these real experts that share their trading knowledge. But most of the ones that we'll see are telling us to pay for their service but they are not real experts. They are only gurus that teaches the basics of trading and they have no real trading experiences compared to the lowkey ones that don't even want to be seen in the public discussing all the knowledges that they have learned on their own and, with all the backtesting that they have done.
There are many scammers online who claims to be experts meanwhile they are not experts in trading, they are making money from the trading courses that they are selling to newbies and some of them also claim to have a trading groups that they published signals but all the signals that they published is just usually 40% successful while the rest 60% are losses. Anyone that is looking to learn how to trade can actually learn from watching some tutorials online but it is going to take them a long time to master the process but if they have a physical mentor that will always guid them all the time, they will do better.