Quote from: Promocodeudo on Today at 04:24:20 PM

Quote from: Oshosondy on January 20, 2023, 09:01:13 AM

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

What would be your advice for those wanting to trade as a newbie?

They should use the amount of money they can afford to lose
They should not trade with emotions. It is not easy while trading, they need to fight emotion and go the professional way
If they become professional, they can increase the money they use to trade and start learning averaging techniques
They should not see trading as a way of getting income
They should not depend on trading for living
They should learn about risk management
Strategy they use is the most important in trading.

I don't think that a trader can trade without emotion unless such trader is using a demo, this account can make him not to be serious or just trying to make fun, with the little I know most traders attach emotion to their trading activity because money is involved, I agree with the risk management that you mentioned every trader should be able to manage his or her risk, know the time to trade and the amount to use in other to avoid loss, of course every one trades to make money unless he or she is a learner that decides to use a small amount that wont affect them much because they are learning.

True, even if you do say that you are an experienced or old timer, there's no way that you could really be able to trade without any emotions or reactions on which we are really just that humans on which it is normal
that on the time that we do lose money then that emotion or reaction will really be coming out. Its true that you cant really be able to experience these things then you do trade on demo considering that there's no risks
on demo trading. The cons of mastering yourself on demo is that you cant really be able to enhance yourself when it comes to this aspect on which means that its better to go with live trading.

Trading is indeed risky and if you dont take it seriously then it could really be causing up that damage into your capital. This is why as much as possible you should really be lessening out the risk
as you do go forward. Somewhat its never been that easy because every movement of the market will really be giving out that kind of hesitance on the decisions that you would be taking.
There's no way that it could really be that so easy because of this volatile market.