Quote from: MIner1448 on January 22, 2024, 06:23:41 PM

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?

Trading requires a balance between learning, practice and risk management. It is important to start with the funds you are willing to lose and gradually increase your experience and capital. Trading is far from being the destiny of the rich; rich people always started somewhere, mostly they started from 0 with trading.

Whether it is at the starting time or the continued trading time, it is better for traders to invest the money they can afford to lose. It is sweet in this regard because the probability that the person will lose the money is so high, it only gets better when huge profits have been made initially, and that is when the mind of the trader will be at rest, but to still preserve this, the expertise of the trader must be put into action. You can't just believe that because you had won big, that's how the market is, No. You need consistency before you can conclude on that, and you must know that it is possible you had luck on the first day, week or month, it is not a big deal, but consistency will prove it.

Nonetheless, it takes the consistency of several months for traders to be sure that they are worthy to be called a trader. And this must put your strategy, management, plans and psychology to the test before this is possible. All these are the important points to note by traders, and no matter how you practice, if you can't replicate what you know practically, they will always be futile and the end will be losses. I hear people always talking about learning, it is good, but that is just the beginning of the learning, even training as it is, I regard it as better than learning, though many do not differentiate the two, yet they are not the same. Regardless, what you learned in training still does not suggest your success in trading, it is only the outcome that will prove you worthy as a trader after blending what you know rightly.