Post
Topic
Board Trading Discussion
Re: If you aren't reading you shouldn't be trading
by
ven7net
on 14/07/2021, 18:29:36 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.

Unfortunately, traders do not always get what they want from trading, and this is primarily due to the fact that some traders ignore information about changes in the markets. But this is not the biggest problem, for successful trading you need to do more than just study the news and follow the charts, which is very well shown in the movie "Billions". Although this is a film, I think its information was taken just from the mother-in-law situation in the markets. In simple words, the market is also very often not fair games and you can easily become a victim if you are not aware of them. In general, it all comes down to a game and very often this game goes without rules.