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

crazyCza and crazyZdo always love a fresh new thread ... from 2013 :) 

 

78% losers, 19% survivors, 3% thrivers - the cusps ...

Generally speaking, most people who begin to “learn” to trade quickly experience that losses and mistakes seem to have a nasty tendency to be disproportionately way more costly than wins and being right are beneficial. There are so many other endeavors where that does not seem to be the case... so they move on.  Few persist in their “learning”  to pass the cusp where they can turn that (accurate for some systems, inaccurate for others) enigmatic impression and their performance to neutral / surviving ... and then even fewer persist ‘again’ even more assiduously to  turn wins and being right to being disproportionately more profitable than the losses and mistakes are costly... 

Furthermore, most people don’t believe or see the necessity to ”learn” just as much about themselves as they do about objective trading methods, etc.  Most never realize that doing a ‘dual major’ in Self and Methods is required to get a good trading education and "learn" to trade. ... and, many who do realize the need still flunk out of one of the majors and never “learn” to trade.  Only a few persist in and complete both ‘majors’ ...

Edited by zdo

Share this post


Link to post
Share on other sites

Great advice. I would also try to try different broker platforms, because comparing conditions you understand what matters for you. More information about which trading conditions are possible - more ideas how to construct some strategy that will have an edge over market. 

Share this post


Link to post
Share on other sites

Since it's troublesome and takes a great deal of responsibility, and on the grounds that (retail) brokers need to assume liability for their own learning cycle and the vast majority are dreadfully used to having another person control this for them

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

    • Here’s something few are talking about: The Chinese are printing money like it's going out of style. Not that you'd hear about it in the mainstream news. But Bitcoin knows.   Bitcoin always knows.   Here’s the thing…   When the Chinese government prints money to paper over the cracks, their smart money doesn't sit around waiting to get devalued.   It usually flows into three things: Bitcoin, gold, and dollars.   After years of being beaten down, gold's having one of its best years in decades. But here's the secret -- whatever gold does, Bitcoin's going to do it bigger.   Much bigger.   Since last November, when China started their printing spree, Bitcoin's been moving in near-perfect correlation with the People's Bank of China's balance sheet. Over 80% correlation, maybe even 90%.   Again, few are talking about it.   But here's why this matters right now: This could be the beginning of a huge breakout in the crypto markets.   Bitcoin broke above its July high, and historically, that's led to new all-time highs over 90% of the time. The only times it failed? COVID and the 2022 bear market.   That's it.” – Chris Campbell   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • Originally Answered: How can I compete with people who are better than me in every way?   So you want to outcompete people who are smarter, better looking and more experienced than you?   No problem!   All you have to do is outwork them.   Will Smith said, "if we both get on a treadmill either you're going to get off first or I'm going to die trying."     Most people just aren't willing to work that hard. Sure, they'll show up for the job interview and maybe practice in front of the mirror for a few minutes, but they won't do hours and hours of research and prepare for weeks. They won't wake up early and stay up late working on their dreams.   So while all those smart, good-looking, experienced people are waiting around for the next opportunity to come their way, you can outwork them and create your own opportunities.   In a few years, you'll be that "smart" person everyone looks up to. But you'll be different. You'll know it was your hard work, your inner strength and your commitment to living a great life that made you successful and brilliant - not luck or good genes.” – Tom Corson-Knowles, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
×
×
  • Create New...

Important Information

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