Quote from: uswa56 on November 15, 2023, 04:22:01 AM

Quote from: Out of mind on November 15, 2023, 02:24:46 AM

Quote from: Obari on January 19, 2023, 06:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

If a person plans trading for a get rich quick scheme, then I would say it is totally wrong. Because trading will never get you rich quick, making money requires a long period of time, which is not possible with trading. Investing is the best, and profitable as compared to trading which can give you good profits. Trading is risky when the market starts to be volatile, and you are more likely to lose your money. That's why stay away from trading business don't lose your money rather you invest for long term it will give you profit and less risk.

I agree with your opinion, it is important for those of us who trade to be able to learn well and it is impossible by trading that we will get rich quickly and if we understand like that, of course we will experience many failures in trading. Choosing to trade will indeed be better than trading because it has less risk than trading. If we invest consistently then we will get profits from the investments we make.

Point of correction, investing consistently in trading will never guarantee our success, the only thing that can guarantee our success is the right approach to the investment, which is where the right learning and training come in. Once a trader is well-experienced in the market, there is no way success will not be made, but this will not be an easy task, it would take time and much effort, and the resources of the trader must be included in the requirement as well. This is why I believe it's often said easily than it is in real life, some people might be trading and training at the same time for over 10 years and still not have anything reasonable to show for it. Now tell me, are they not consistent enough? But you might see other people training and doing the right thing and start making consistent money within just 2 years, so approach matters.

The truth is that many traders are just deceiving themselves with their kind of approach to trading and they would have wasted a whole lot of time before they realize it. This takes us to the source of learning, some people are not just learning correctly or do not know the right thing to learn, and this is a serious problem. However, learning is easy and makes trading better if one luckily meets the right person to guide them. That explains the two situations I narrated earlier, it's definitely easier for one than the other.