Quote from: lixer on Today at 02:51:46 PM

Quote from: Fredomago on February 17, 2022, 08:09:33 AM

Trial and error in your first 100 trades, if you focus with that you'll be able to materialize good trading practices that will let you have good winning chances, never to quickly judge according to how you think the market will proceed, there are many sideways this volatile nature of this industry will keep you lose your money if you just quickly judge your entry and exit position.

Make a good use of all those information that you'll be able to gather online, practice and never stop trying to enhance
your strategy, it will help to increase your confidence.

Trading doesn’t require being in a hurry, it is something that you have to take your time to do. You have to master the strategies that are involved, and as time goes on you also try to switch up the strategies that you use and see which one would better work for you. Being cool headed anytime you want to trade is really important, so that you’ll be able to be very calculative of whatever action you are trying to take.

Some people end up losing their money trading in the market, because they don’t understand that trading is a process, and it is not something that you try to hurry up about and it’s not a way for making quick money like some people would think. There are risks involved and if you try to rush everything you might end up losing your money. And it’s good to also try to avoid greed, because that’s what would make you to make decisions that will ruin your trade.

You said it right, traders who quickly judge the condition of the market mostly led to losing their money, while for those who
knows that there are many factors that includes when you are into this business are sorting all the possible grounds, they
are collecting facts that they can use to base their decision making.

It's lesser in committing mistake and if you established your strategy the right way,

The hance of success is better compared to those who are just leaning with luck and just trying to ride with the hypes.