Post
Topic
Board Beginners & Help
Re: Dangers of trading
by
Porfirii
on 09/10/2023, 14:09:25 UTC
To navigate these dangers, traders must educate themselves,
If you cannot educate yourself, then seek assistance to be educated. It is not easy to educate yourself sometimes and for some people, you can read through long paghes and watch videos and still not be educated enough. You have to know yourself and understand the kind of person you are whether you are the kind that can learn and educate yourself by yourself, or the kind that will need an educated person in the field they want to learn about to help them get educated. Know your kind.

That's an interesting advice. Nosce te ipsum. We are used here to fit-for-all answers but you are right that self-awareness is crucial. The bad part is that personalities of some kinds are not able to admit their weaknesses, so your piece of advice can be in vain.

I'd say that, in general, a good way to learn is by yourself: you can read about trading and it can be useful, but until you don't see what is it for yourself you'll lack real knowledge on what that practice implies. The best approach, for me, would be to test with very little money for a while, while you read about it or take classes, and most importantly, try to comprehend the reality underneath the TA, FA and whatever pseudoscientific analysis: that trading is, for the majority of users who don't have (illegal) inner knowledge, it is no more than a other way of gambling.