Post
Topic
Board Trading Discussion
Re: Trading futures without knowledge of chart patterns, is gambling not trading
by
wahyu wida
on 08/05/2021, 05:59:50 UTC
I made a conclusion for myself that I will no longer trade futures until I have studied the trading models by 100%.
I am afraid that you will get chances to master all the aspects of futures trading 100% because I heard even professional traders are not learning 100% but they are profitable because of their practical knowledge. I am not urging you to get into trading right away but you should practice more in demo accounts so that you will get more knowledge rather than depending on learning from other materials in 100%.

Moreover, instead of looking for opportunities in futures trading, you must get into spot trading for safer yet profitable trading. Spot trading is good for slow and steady profits.
As a trader future trading is a no area for me because of the high risk involved, even with the  knowledge of charting techniques and candlestick pattern few losses can lead to rekting of the whole portfolio, I only trade cross margin and spot trading which I believed is less risky and I can control  my emotions trading it.
Future trading has a huge leverage and  only experienced traders with huge portfolio are  recommended for that type of trading, newbies should keep off from it
actually even with the leverage system trading we can still trade safely. but indeed we have to learn about analytical techniques, monetary management, and psychology. with discipline to the plans that have been made beforehand, I think it is safe