Post
Topic
Board Trading Discussion
Re: Trading advice for newbies
by
MFahad
on 19/12/2023, 18:43:32 UTC

Many individual still think trading is gambling, this make them to not take trading serious to learn how to trade properly, they just start trading and get lucky then they think they're experts and starts risking more. After sometime, the reality catches up with them and they begin to lose as they didn't understand how the market is moving. Newbies need to learn and take interpreting of chart serious as that shows, you know what you're doing.

Interpreting your own charts make you become a very experienced traders as when you make mistakes you can learn from the mistake and improve on the things you didn't understand while interpreting the other chart that you lost. Interpreting your own charts will make you not to rely on other traders or signals groups or channels for trading signals. Depending on others won't make you a profession or profits all the time and can't take you lessons.

People who don't know anything about trading may consider trading as gambling.Although there is a lot of difference between trading and gambling, a skill and experience for trading helps to give good profits. It is not necessary that a person who does not know anything about trading and considers trading as gambling should start making profits as soon as he starts trading.

I have not seen such fortune of anyone, but such people waste their money from the beginning. Apart from chart interpretation for trading, there are many other things that can be done to make good trading. Different indicators can be used, One should always keep an eye on the projects updates and their news, it can help a lot in earning good profit in trading.