Quote from: Issa56 on Today at 09:36:54 AM

Quote from: Stepstowealth on November 27, 2023, 09:44:13 PM

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.

Trading doesn’t give us instant big profits. In fact, even if you trade with big capital, that will never guarantee a big profit as well. You might even suffer losses at firs, but that is only normal for beginner traders. Eventually when you developed your skills and working strategies, regardless of your amount of capital, you will surely make a positive trade.