Post
Topic
Board Trading Discussion
Re: Before getting into trading
by
jostorres
on 21/10/2021, 21:45:23 UTC
Learning via different resources on internet is frustrating since you can't verify if the knowledge or tutorials that you will get from different sources is verified. This is my dilemma too during my newbie days, I tend to browse on internet and watch tutorials on youtube, Some of them has same thought but most of the time they are conflicting to each other because they different style and preference. The data will just mixed and you can't formulate the right strategy suited for you unless you do experiment and try it for yourself. Subscrbing an online course to a verified and pro traders is the best thing to do as newbie before you DYOR because you will need a solid basic knowledge to determine if the data you are reading or watching is a fact or not.
Doing what you are doing based on what people are suggesting is a bad move. You should basically learn from those places and then you should be basically just focusing on testing them as well, either in a demo place or it could be real thing but a tiny amount compared to your general portfolio, if you already have a small portfolio then the demo places are a lot better.

I personally study all these places and then use those places as like a way to "lets' see if this guy is right" and then do it on demo and if it works then I do it with small amount in real trading and then I use it with bigger capital. Basically you have to get that idea confirmed that way, it would make it legit if it works and you could make a profit that way, it would make it a bad one if it doesn't make profit. You should check how the market is doing as well, finding a way to make a profit during these bull periods is easier of course.