No matter what people say, trading is complicated. There is no magic pill that can turn a newcomer into a trading guru in a blink of an eye. And there is no single best strategy that suits everyone. In order to become a trader, people spend years and dedicate a lot of time and effort to their pursuit. And still, many of them fail. Why is trading so complicated and how to get over complexities? Read the article to find the answers.
Changing markets
Markets are never the same. They are ever-changing and ever evolving, it is a part of their nature. Chances are, you will never witness identical market conditions twice. The reason for this is the sheer number of factors that influence the performance of the assets you trade. The price of an asset is influenced by hundreds if not thousands of different factors. Every time you look at the price chart the conditions are likely to be different. International markets are complex financial systems — hence, the complexity of interacting with them.
How does one address this issue? Despite all the complexities, there are certain techniques that may assist with estimating the future performance of a particular asset. As mentioned previously, markets are not static and market conditions are rarely identical. Yet, there are certain patterns that repeat themselves. Said patterns can be spotted and used in trading. The former might be used as signals that you receive and act upon but, of course, should be double checked for a confirmation.
Human factor
Human nature plays an important role in trading. No matter whether you consider it to be a drawback or a source of additional opportunities, this is something that simply cannot be denied. After all, it is we, humans, that open and close deals, buy and sell assets from and to each other.
How to cope with the human factor when trading any asset on any time frame? There are several ways to do so. As a retail investor, you cannot influence the behavior of other investors, but you can change your own attitude. This is something you have probably already heard (and heard more than once). All you have to do is eliminate, or rather minimize the human factor in your own trading. For this exact purpose, try to get rid of emotions, both positive and negative, as they can negatively affect your trading performance. Trading according to your trading strategy, not the gut feeling, and you will manage the unnecessary risks associated with human fallacies.
Abundance of information
We have to admit that at this point the amount of information that tries to explain how markets work has itself become a problem. Oftentimes, it is impossible for a novice trader to navigate himself in the sea of trading-related knowledge. Hence, another degree of complexity.
There is so much you can learn about trading and financial markets that it is sometimes easy to get lost. Books, articles, guides — you have to learn a lot before you even grasp the basics of trading. When you move on to a more advanced level, knowledge itself is not enough, as you will require extensive first-hand experience. As if that wasn’t enough, there are countless ways to analyze the market and predict the future price of the asset. All of them require a thorough understanding of a particular technical analysis tool.
What is the possible solution to this problem? Focus. Focus on one asset type, one timeframe and one trading strategy at a time. It is much easier to get lost when you do not have a clear picture of what you are doing. Different assets are traded differently and require different strategies. Different timeframes utilize different types of analysis. Different analysis tools provide different signals. In trading, all these things matter. Therefore, you might want to choose one in each category and master them first before jumping to something else.
Conclusion
As you can see, overall complex nature of the financial markets is a result of its constituent parts being complex. Today we have covered three of them. It is easier to work with complex systems when you break them down into bite-sized and easily digestible pieces. In this case, it is easier to fight different hurdles one-on-one, and not the system at large.
To the platform
This article is just one of the many best I have lay my hands on. The composer of this article, I thank you for a good well dine job. Stay focus and keep more of this positive information coming.
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
I have not yet received my withdrawal that I withdrew since 01/11/2019. how long does it take? withdrawal has become an issue to you but deposit is not an issue please look upon this matter it makes someone feels unsecured with you I even wanted to deposit more and trade most of the time but now I fear, are you for real? please address my matter as quickly as possible, ave waited for long just testing waters. you had promise me it may take upto 14/11/2019 but those were empty promises please look upon this problem and settle it.
Hey hi! Withdrawals to bank card may take up to 9 working days maximum. If you have issues with it, please write to support@iqoption.com and they will be glad to assist you with it 🙂
We wish you a good day!
Chào hi! Rút tiền vào thẻ ngân hàng có thể mất tối đa 9 ngày làm việc. Nếu bạn gặp vấn đề với nó, xin vui lòng viết thư cho support@iqoption.com và họ sẽ rất vui lòng hỗ trợ bạn với nó
Chúng tôi chúc bạn một ngày tốt lành!
Hello again! We replied to your message dear. Please get in touch with our support team and they will help you with your issue 🙂
tôi cũng rút tiền từ ngày 04/11/2019 đến hôm nay vẫn không có tiền về tài khoản chưa có sàn nào rút tiền lâu như sàn này
Chào hi! Rút tiền vào thẻ ngân hàng có thể mất tối đa 9 ngày làm việc. Nếu bạn gặp vấn đề với nó, xin vui lòng viết thư cho support@iqoption.com và họ sẽ rất vui lòng hỗ trợ bạn với nó
Chúng tôi chúc bạn một ngày tốt lành!
Thank you for your insightful explanation, I am sure we all have a lot to gain from it. I’m going to keep it safe in my archives.
Please can you help with an article on consistent profit in trading? How can I be consistent whenever I trade?
Kindly write an article on that for us all.
Thank you for your time, your cooperation and stay with us, Yemite! There is no ideal strategy for everything. Trading involves a high level of risk, which is why you can use our free demo balance to understand the platform better. Be fully conscious while investing your funds.
I also yet to be gey my withdrawal amount on august last week.
Hey Arun! Withdrawals to bank card may take up to 9 working days maximum. If you have issues with it, please write to support@iqoption.com and they will be glad to assist you with it 🙂
We wish you a good day!
Yeah of course this article is best way for peoples who scared from trading or try to scared other peoples
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
really it is high level risk when we use practice account we recieve many benefits but in real there are too many losses what to do please share your idea
Hello Imtiaz! How are you? Thank you for the observation however it is more psychological than real.
In demo account you have unlimited funds so you do not care for the loss, but in real you feel even the smallest loss.
Please note that both accounts are the same. In case of issues, you can contact us anytime
Hi there! why i cannot deposit with my account. i’ve already check my bank status and the bank said that there is no issue with my account and i can use it to do online transactions. what will be the reason/s behind why i cant deposit into my account? thank you
Hello Isaiah, how are you doing?
Can you please contact our support at support@iqoption.com as we can not check the problem here on social media.
We thank you for your cooperation.