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[Horia_10]

I did trading back in 2015 back when I had $200 and I did picked up some wrong trades and though I followed a mentor but his trades in last felt wrong and made all of followers a 30-40% loss in a month

Most of us were from middle class families and we had to stop trading since we couldn't kept that going despite our tries and that was our experience and mine as well

How you tried and your first experience ?

 

[Ofonime]

You started with $200 that remind me of something back then when I started my trading career the broker I was using accept only $100 as their means of deposit but after some time they reduce it to 50dollar,
not now that anyone can trade with as low as $5 now you can start trading from the micro account.
I think the broker I use back then was liteforex and the means we do deposit back then was through bank wire not now that broker accept payment processor.

Which broker did you use back then?I started since 2012 and my first trade was loss but latar recover it cant just forget that moment

 

[Horia_10]

I already explained that I had stopped trading after that but I gained lots of profit after that in a month of trading and I used mostly Crypto back then and it was enough to earn 1% profit margin in a day and that was used to be my daily target , I did my trading on 2-3 platforms daily actually .

 

[Potuse]

Sorry to hear about that ; I too had discovered and learned trading the same way actually and not all people make a loss some start making profits directly

It depends upon the person , his mentors and his selected assets as well

Only those succeed that tale long term action and don't care about short term action actually .

I've not seen anyone who started a new business that do not record some losses. It is ver very normal because it is what will make you learn more about the business. Such mistakes will allow you to learn more about the risk involved in the business and be able to manage risk properly the next time a present itself.

 

[Horia_10]

Can't say that I have seen one person which didn't faced challenges especially the businesses that faced issues in the starting phase of their approach are Much successful today and these days people who are doing trading have become sensible so chance for loss for them Is less and profot higher in general so this is how each trader wins over time to be a better trader actually .

 

[Emmanuel24]

Trading really requires mentor because it helps to become successful ones in trading. I remembered I didn't have mentor before I got into trading. Along the line my knowledge failed and I was disappointed. I did the trading for two years before I knew I needed a mentor. Now, I'm currently going through the course of how to trade in some sites; I believe it's going to be success at the end.

 

[Josemendez]

I started trading with Binance wallet and my first experience was a nice one. It motivated me to trade more due to the profit but as time goes one, I began to learn the reality of trading which wasn't an all-through smooth experience but I was never discouraged. I kept pushing and somehow I am better than when I started.

 

[Potuse]

For newbie like me trading is a big task and no matter how hard you try the chance to making money is always 50-50. I consider trading as a game of luck, if you are lucky you make money if not you keep on loosing, and I don't have more than enough to lose. Maybe I will give it try once I have gained some knowledge and understanding about trading and have enough money to lose.

As a rookie trader, it will be very difficult for you to analyse the price movement using the technical and fundamental analysis.

it is very important to note that, learning forex is not thing that you will learn very quickly, it will take a while before you would master the market sentiment.

Trading is not also a game of lucky, it depends on your level of expertise, because knowledge is what is basically needed.

 

[MayorKayz]

My first trade was not that bad. Because before I started trading forex, I had already learnt what forex trading is and I also learned from a expert with strategy to trade forex. So for that, I was able to make profit in my first trades. But along the way, I became greedy and I lost parts of my investment.

 

[Ridorz]

I started trading earlier in 2020 when I was introduced to crypto by my friend, the first amount of money I used was $35, luckily the market rise the following day, and I gain $5. But later in the following week, I lost almost $10 of my money which makes me gain more experience in how to be dealing with trading.

 

[Wisdom01]

My first trade was not that bad. Because before I started trading forex, I had already learnt what forex trading is and I also learned from a expert with strategy to trade forex. So for that, I was able to make profit in my first trades. But along the way, I became greedy and I lost parts of my investment.

oh I guess since your first trade was bad ,you would need to work on your trade and try to make it sucessful ,also you need to work on how you take profit from trades ,at times you shouldn't take in excess ,but stick to your trading strategies so you dont accumulate more loss in the process of trading

 

[MayorKayz]

oh I guess since your first trade was bad ,you would need to work on your trade and try to make it sucessful ,also you need to work on how you take profit from trades ,at times you shouldn't take in excess ,but stick to your trading strategies so you dont accumulate more loss in the process of trading

Like I said that my first trade was not bad but fair. I was able to have a fair trade on my first trade because I learnt for an expert.
One thing is that we need to always upgrade our strategies because things change daily.
I have a strategy that no longer work well because it had become outdated as there are new changes in the market.

 

[Wisdom01]

Like I said that my first trade was not bad but fair. I was able to have a fair trade on my first trade because I learnt for an expert.
One thing is that we need to always upgrade our strategies because things change daily.
I have a strategy that no longer work well because it had become outdated as there are new changes in the market.

I think trends do change and this is the reason why your strategies might not always work for you ,you need to be aware of the new trend in the market ,and work on trading with it , because without proper understanding and planning ,the trades might be less profitable for the person

 

[MayorKayz]

I think trends do change and this is the reason why your strategies might not always work for you ,you need to be aware of the new trend in the market ,and work on trading with it , because without proper understanding and planning ,the trades might be less profitable for the person

Yes that is what I meant but forgot the word to use. Trend in market is one of the key factors that most traders use there strategies on. And if a strategy is used based on a trend that has passed. Then it will not work on current one. So we need to always upgrade ourselves

 

[Marcelino1]

I only trade in the cryptocurrency market and I have actually had my ups and downs. trading is not easy because it requires you to have proper knowledge of technical and fundamental analysis in order to maximize profit.

A good thing I like cryptocurrency over forex is that if you are very much calculative, you can make money in the Forex market without knowing much about the charts.

I know a good number of people who makes money on crypto without having proper knowledge of technical analysis. They simply invest in bear seasons and take profit in bull seasons.

 

[Wisdom01]

I only trade in the cryptocurrency market and I have actually had my ups and downs. trading is not easy because it requires you to have proper knowledge of technical and fundamental analysis in order to maximize profit.

A good thing I like cryptocurrency over forex is that if you are very much calculative, you can make money in the Forex market without knowing much about the charts.

I know a good number of people who makes money on crypto without having proper knowledge of technical analysis. They simply invest in bear seasons and take profit in bull seasons.

although most times that link doesn't work always , because at times the bear seasons might do dipper ,we can't be too sure of when the bearish run would be over and others ,we just invest in hope that the bearish run would be over very soon ,well let's see how things would play out

 

[Marcelino1]

although most times that link doesn't work always , because at times the bear seasons might do dipper ,we can't be too sure of when the bearish run would be over and others ,we just invest in hope that the bearish run would be over very soon ,well let's see how things would play out

In the cryptocurrency market nothing is certain because anything can happen at any time.

I remember last December when bitcoin fell from the region of 60000 dollars to 50,000 dollars, a lot of people thought that it was just a normal dip.

So many people started investing around January and February thinking that by this time there will be a massive bull market.

 

[Wisdom01]

In the cryptocurrency market nothing is certain because anything can happen at any time.

I remember last December when bitcoin fell from the region of 60000 dollars to 50,000 dollars, a lot of people thought that it was just a normal dip.

So many people started investing around January and February thinking that by this time there will be a massive bull market.

yeah I believe quite well that nothing is certain ,I think there was a time that many predicted that Bitcoin price would actually reach $100k ,but looking at the price as of today ,it haven't been able to get there , the price have been flunctuating badly and others ,we just hope things gets back to normal

 

[Ofonime]

If it is the forex market that you are talking about someone like me I beleive that its going to be very difficult for any newbie to start and be making money through forex if you dont just have the knowledge and skills to do just that.

I started trading in the forex market because I have alot of experience in that feild.

I also start with liteforex broker I beleive that was my broker thou my first trade wasnt good enough.

But latar I decide to hire someone who teaches me how to trade from comfort of my home.that was when I started making some good amount of profit accordingly

 

[Marcelino1]

yeah I believe quite well that nothing is certain ,I think there was a time that many predicted that Bitcoin price would actually reach $100k ,but looking at the price as of today ,it haven't been able to get there , the price have been flunctuating badly and others ,we just hope things gets back to normal

That is actually the truth. Nothing is very certain in this crypto market, that is why you must try as much as possible to take your profit whenever you will.

Investing in this current bear market is the best thing to do if you find a very good entry, then when bitcoin rises to a certain level you have to take your profit.

Fluctuations will always be happening to cryptocurrencies.

 

[Wisdom01]

That is actually the truth. Nothing is very certain in this crypto market, that is why you must try as much as possible to take your profit whenever you will.

Investing in this current bear market is the best thing to do if you find a very good entry, then when bitcoin rises to a certain level you have to take your profit.

Fluctuations will always be happening to cryptocurrencies.

yeah flunctuation is really inevitable ,that's why at times we see Bitcoin dropping and rising ,most times the risk level isn't certain , there are really some things that we need to note regarding cryptocurrency , we need to know the best possible ways to trade it and others , so that we won't panic if there are huge falls incoming