Quote from: Bushdark on November 29, 2023, 06:17:28 PM

Quote from: Negotiation on November 29, 2023, 01:28:20 PM

Trading means risk so you have to trade with risk and if you can control your emotions between profit and loss high risk often brings good things. Trading requires a lot of discipline and can be risky if inexperienced combined with competent decisions. A person needs to have a lot of trading knowledge to make the market trading journey less risky. Failure is a part of any type of investment and trading is no exception. If you follow the strategies of successful traders keep more money than you want to use in trading, the chances of winning will be lower and the risk will be lower.

Trading could have some level of high risks depending on how long we intend to stay in the market and the amount we are using to trade in the market. Trading is more of preparation and not just entering the market to make profits for ourselves when we are not ready to do what will attract more wins for us. What we need to know about trading can be huge or less depending on the kind of trader that we are or the kind of market that we plan to trade. Different market will attract different profits and pattern in which we can use to trade and make profits from the market.

There was a popular saying back then when I started trading, and it says "If you don't think, you sink." I was guilty of that when I started trading because I never "thought", I just traded and my mind was all over the money to be made. When I eventually deposited a huge amount of money in my initial tries and lost them, I then realised that it was a very wise saying that needs to caution any traders who do not believe that trading is risky and could earn money from the beginning. Trading needs a lot of preparation really, but most of those who also prepared did not prepare right, they often believe that once they know how to trade with a very good trading strategy, then they are good to go. But this is not the case in trading, you need to be able to have a plan, a good one at that. This is why learning alone is not what matters, but how practical you are in using what you have learned to create a good system for yourself.

This practical aspect is what builds the real experience into having the right plans that will eventually make you a good trader. Still, many people have the plan but lack good management and balanced psychology which makes the plan faulty. All these have to be known, corrected and perfect before true success can be achieved in trading.