Trading is a very interesting and intriguing process. It gives us a lot of possibilities and provides us with loads of information. But, sure enough, trading has its own problems and sometimes they can overshadow the good in it.
What are the biggest problems of trading?
1. It is covered in prejudice.
2. It can be too difficult.
3. You need good technology.
4. Progress moves too fast.
5. Losses.
1. It is covered in prejudice.
People seem not to be able to grasp the essence of trading. Lots of them still think that trading is no better than gambling and that all that it requires is pure luck and nothing more. But we know that it is not true. Trading requires skill, knowledge, information and effort. It is so much more than gambling and people need to understand this.
But, alas, people who have never seen a trading platform are still going to try and persuade you that trading and gambling are pretty much the same thing.
2. It can be too difficult.
From time to time we do think about stopping trading altogether. And it is natural – sometimes trading becomes too difficult and too riddled with obstacles for our wins. We have to read the news, watch the chart, open trading signals and listen to our advisors, all of this at the same time as minding the bid and watching every pip of the chart. Of course, this is really far away from ‘easy’, wouldn’t you say?
This much difficulties can bring us a lot of suffering and can make us want to quit trading.
3. You need good technology.
When it comes to trading, a lot of things depend on the kind of technology that you are using. Good computer, fast software and advanced trading signals are the three basic things that you need for fast and smooth execution of the trade, but surely, not everyone will have access to that. A lot of traders just have to use family computer or even their old phone to place the trade.
The better your piece of equipment is, the better your trade can go. And that can be a real obstacle for a lot of traders.
4. Progress moves too fast.
With the previous point comes this thought – progress is moving is a horrific pace. And we need to keep an eye on all of the developments that come out to the markets. Both software and hardware are having a boom of development and, of course, it might be difficult to follow all the new developments in the market.
Progress moves too fast and we cannot afford to fall behind on it. This is just one more thing that we have to follow.
5. Losses.
Losses are essential part of trading. There no trader on Earth that can trade without them, but that doesn’t really mean that traders really like to lose. Some of us can be very bitter about them and losses can even become the reason for us quitting trading, so tired we are of them.
Losses can be a real bummer and one of the most difficult things to overcome in trading. Making your peace with the fact that some of your money will just go away is very difficult, but we still have to do this eventually, otherwise we are just not going to be able to trade at all.
