Why Don't More People Learn to Trade?

[edgararakelyan 10]

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.

[BlueHorseshoe 10]

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

[EXPERTMARS 10]

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.

[SIUYA 11]

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.

[Predictor 11]

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

 

 

  edgararakelyan said:

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.

[samuel23 10]

  edgararakelyan said:

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!

[csayantan 10]

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

[CrazyCzarina 17]

Trading is hard because it is the ultimate case of a competitive market. If there was an easy way to trade and be profitable, everyone would start doing that, and prices would move accordingly so that's no longer the case.

[zdo 20]

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 March 4, 2021 by zdo

[CrazyCzarina 17]

Because some people want to earn money but don't wish to work hard. Short-cut in sucess to earn money is not possible in Forex trading.

[fxeconomist 11]

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. 

[CrazyCzarina 17]

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