Post
Topic
Board Trading Discussion
Re: Essentials for Traders
by
harizen
on 22/03/2018, 18:16:02 UTC
Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:

1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.

2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.

3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.


This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.

Basic trading knowledge is enough at first.

Do you think patience can be learned prior on the actual start of the trade? Let those newbies experienced loss so that they will know how to counter it and enhanced their future trading trades.

Amount or Capital that willing to lose? No. Changed that behaviour to "they might not loss it"! If the involved amount will always be willing to lose then how come this newbies will stick up to the goal that they must win since losing will be ok.

Experience will teach them how to deal on that losses. It's the best foundation when doing trades. All losses that they will encountered will be served as good reference for much successful trade in the future.