Post
Topic
Board Trading Discussion
Re: What every new trader should be focused on
by
Strongkored
on 24/09/2021, 07:31:30 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 understand why many newbie traders more focus on capital, because without capital they can't start trading or there are also those who think the bigger the capital used the bigger the profit they gain and can do alot than small capital, but unfortunately they also forget that without trading skills, the risk of loss is even greater, trading skills and capital should be equally important to be successful in the world of trading.