Post
Topic
Board Trading Discussion
Re: What every new trader should be focused on
by
Shenzou
on 22/09/2021, 21:52:29 UTC
I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.
I mean the capital actually plays a big role into how you start trading and how you get yours skills, i mean if you have a low capital you will be forced into trading altcoins and small currencies which could lead you into making a lot of trades in order to make profit which comes at a greater loss, but if you have some good capital you could be trading the big boys like bitcoin and Ethereum where you could make hundreds of dollars is just a few trades, never the less in both cases you should always be trying demo accounts before starting with your money.