Post
Topic
Board Trading Discussion
Re: Should trading be for the rich?
by
Issa56
on 22/01/2024, 09:36:54 UTC
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
If you have tried a demo account and you abandoned trading because you don’t have money to trade, then I think you are not just ready to trade, because you don’t need much money before you will have to trade. I know if you are trading with little capital, then your profit will be kind of small, but that doesn’t mean you should abandon trading, you can just be trading and be building up your capital, and whenever you have more money, you can increase the amount you are trading with. Trading doesn’t stop you from doing other jobs, you just need a few hours or minutes if you want to trade, and you can go back to your job.
 
Trading is risky, but you just have to manage your risk. When you are trading, one of the first things you should learn is risk management. If you can’t manage your risk, even if you are wealthy, things might not work out well.