Post
Topic
Board Trading Discussion
Re: Newbie traders, work on yourself.
by
God bless u
on 03/02/2024, 03:52:44 UTC
Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

There are many mistakes of new traders that give him a lot of loss them into trade, they end up wiping out their wealth. The first is to panic too quickly after trading, which means that a little you don't even wait for it and sell it, that is the first step of you have taken the wrong. The second thing is that the investment is less, the less investment you have, the more you are in tension. If you have a lot of investment, you will be able to travel for what you have and you will not panic easily. These two things are very important.

If who control these two things, then he can become a better professional trader, he can quickly change himself out of new trading and create a name for himself in the world of trading. In addition, if one cannot act on these two things, it is better that he does not step into the world of trading because he will have to bear more losses and the chances of receiving benefits from him are less.