Quote from: palle11 on Today at 08:47:31 PM

Quote from: mirakal on August 02, 2023, 03:38:01 PM

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

Some traders are only interested to make profit but they don't bother about the other aspect of trade and that is true. A newbie trader need to understand the market before increasing there risk appetite and most don't understand the ratio of risk required for their account size but they just want to increase the profit level without proportional understanding of the risk to their account. In fact to build your small account gradually help to grow the courage, expertise and confidence level.

We've all been beginners and most of us have also had the wrong mindset in the beginning with the wrong thought that trading could help us make lots of money without considering the risks.
We've all learned from our mistakes and same thing could happen to new beginners these days but they're actually luckier as they could find a lot of good resources to learn and warnings and advices from trading professionals as well.
Newbies only need to be skeptical and wise and not just risk takers without even knowing what they're really doing. They have to be mindful of their actions before deciding what to trade.