Post
Topic
Board Trading Discussion
Re: What every new trader should be focused on
by
Ryker1
on 23/09/2021, 21:58:19 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.
That you are absolutely right mate. It was not the capital that saves us from losing but it was the knowledge and strategies. Instead of focusing on increasing the capital, it should be first to learn about trading and gain more experience. In fact, we can find a way to increase our funds and it will grow once we are in profit but that seems impossible if we are lack of knowledge. And these people must have to change their mindset otherwise, there will find it hard to succeed.
Well that is not a bad idea, --but how much time mostly they do invest before joining in trading?
In my part, it was almost a year before I joined in trading and gaining some profit, there is a point that I made losses but I quickly recover and learn from it. Perhaps because I was aware that trading needs more references like technical and fundamental analysis, most especially right now mostly the market price depended on the news around.