Quote from: synchronym on November 30, 2023, 03:33:01 PM

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?

There should be enough knowledge about trading otherwise success in trading is not available. Especially I would say new purpose. Newbies should have an idea about trading before they should have an idea about how to trade and how much profit they can make. We all know trading is very risky. There are many newbies who trade too hastily without thinking about this risk. This shows that they often suffer losses. When it comes to trading, we all should be patient and check the market before trading.

That's what is really needed in trading; zero knowledge is not possible here, because if you have zero idea here and you make money, that means you just got lucky and your dealings in trading are just a gamble. And it doesn't mean that if you make money, you're a trader right away and then you know yourself that you don't have an understanding of trading. How can you become a trader if you don't have any knowledge about it? right?

Being a trader takes time and learning, so the context in which you look at it is wrong, as it is just like a gamble and just luck; trading is not like that. Because if that's how we think about it, our capital here will be wasted for sure.