Post
Topic
Board Trading Discussion
Re: Focus on the trading process not the money
by
Sled
on 04/05/2017, 02:35:03 UTC
In trading our target will always be money, but to get profit we need to understand and learn the trading process and all the factor that can affect the price, by learning the trading process we will easier to get profit, so it is really important for beginners and even the professional to keep on learning the trading process
Nothing is wrong with learning more and more, only our skills get developed in the particular sector as well have a better ideas to implement on times of unexpected market changes. As quoted learning the trading process is a must, because every user believe it's just buy low and sell high. This is not possible with bitcoin all the time, so we need to know in such situation how profit margin need to be placed and profited.
That is the complexity of the trade and that for this you need to have a lot of knowledge and this is not the last condition. This knowledge still needs to be able to apply in practice. If the whole thing was only in the process of trading, long no one would be interested.
Yes knowledge is one of the must have thing when doing trading because if the trader is lacking of knowledge then he is more prone or vulnerable for losses. In the process of trading that is where we get knowledge because in the process of trading we can't avoid or prevent losses and when we encounter losses then we will learn to be more careful and do better decisions.