Post
Topic
Board Trading Discussion
Re: Trading is risky, be conscious
by
Zigabel
on 13/01/2024, 16:14:24 UTC
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?
Going into trading with such mentality is a sign already that you shouldn't be trading because you will definitely not become successful and profitable enough as you should be. Trading isn't a get rich quick scheme rather its a Skill that when you become proficient at it you can make a living out of it by trading but if you are more focused on getting rich first than learning the skill then there's all probability that profitability on that skill will be far away from you because those who got rich trading had to learn first because they started trading profitably and became rich.

No skill gets anyone rich almost immediately but with continuous practice and maintaining a good level of proficiency your skill automatically makes you money and if you have got a good money management skills then getting rich wouldn't be a problem.