Post
Topic
Board Trading Discussion
Re: Why newbies lose huge money in trading
by
South Park
on 10/08/2021, 18:00:38 UTC
My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
While investing should be in theory way easier than trading at the same time it can still produce huge losses for newbies that do not really know what they're doing, and the reason for this is that while in trading you need great technical skill in order to become profitable when it comes to investing you need great emotional maturity, you cannot get scared just because the price of bitcoin is crashing and unfortunately that is not a characteristic that many newbies have, so they can still lose a fortune in the process even if they are just investing their money.