Post
Topic
Board Trading Discussion
Re: If you aren't reading you shouldn't be trading
by
Ararbermas
on 14/07/2021, 09:47:05 UTC
It's just as simple as the both goes hand in hand both for technical and fundamental analyst. Trading is one career that requires steady update on how the news could affect the direction of a trade or possibly how an indicator or a candle stick can direct a trader on where the market is heading. If there is no time for a consistent update on your previous knowledge as a trader I guess at some point some level of gambling sets in.

A successful trader isn't a trader who makes consistent profit without any loss but rather a trader who knows why his trade went the opposite direction and also a trader who understand risk management. Most traders makes massive profit in a single trade and blows everything down in the next trade as such there is no professional despite his initial achievements. To maintain clean records of both profit and loss margin reading as a trader is inevitable because despite the level of knowledge you might have acquired there must always be a newer technique you learn each time you seek to update your previous views about how the market behaves.

Only gamblers stay a full month without refreshing their memories on what the already know because in as much as trading is concerned there are multiple ways of predicting market flows and it only takes consistent research to get a hand full of approach to maintain a good profit margin in trading.
absolutely right. Therefore traders must have a lot of efforts and patience to achieve what their goals in trading., because isn't about what knowledge you get from it, wherein it's about being aware of what's happening in the market to protect your money in different situations.. News is more accurate when trading and i agree with that because that's the only main reason why nowadays are so affected..