Quote from: darewaller on Today at 11:42:19 AM

Quote from: Claymore2 on May 25, 2023, 05:29:07 AM

Trading requires a good understanding of its fundamentals. Many people struggle financially in trading because they expect quick and easy profits. However, trading involves both risks and opportunities. It's important to know the market conditions, timing, and be aware of the potential drawbacks. While some may make it sound easy, trading requires knowledge and effort. It's crucial to approach trading with realistic expectations and be willing to learn and adapt.

A proper understanding on how a thing work is needed if we are new to them. There are people who are already struggling financially. This is the reason why they want to learn trading because they see those videos online about trading where a trader can make huge profits. Trading is not easy but once we grasp it, it is now possible to make quick profits on it. A lot of things in the world has a concept of risk and reward.

It's only up to us if what earning sources we will choose. Knowing the market conditions is one of the recipes to get successful in trading. Of course there is timing too. It's also important to be realistic and act only according to our own capacity. Drawbacks are already there and bound to happen but we must not be afraid with them.

For sure, man! Trading is like a lock for which you need a master key, an elaborate grasp of its secrets. But hold up - it's beyond just predicting the dance of market figures, it's about wrestling with your own demons and your piggy bank. The knack for flowing with the currents of market changes, paramount, like solving a whodunit. But the bravery to stick with your stratagem, especially when the market turns into a roaring roller coaster, that's a different chapter. Are we syncing?

Consider this - even the best in the trading biz occasionally slip on banana peels. The secret lies in coping with these speed bumps. The emotional IQ of trading often goes unnoticed, but it's as instrumental as the last piece in the Tetris of lucrative trading. Kind of like driving - knowing your vehicle's nuts and bolts is essential, but reading the hieroglyphics of the road and your rapid reactions are equally important.

So rather than treating trading as a magic potion to mend your financial turmoil, it might be more sensible to treat it as a craft, requiring both cognitive agility and emotional backbone.