Quote from: goaldigger on Today at 09:55:28 PM

Quote from: GreatArkansas on February 09, 2024, 01:01:38 AM

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This is something that we cannot avoid when we are pursuing a career in trading and yes, it’s not all about profit.
Trading is very risky, one wrong trade can lose more money so make sure you do analyze and you know how to be more safe when placing your trade. Taking profit and cutting losses should always be your priority, know how to timing the market and be more patience with your trades, it will take time before you become a good trader but its worth it.

Yes - becoming a trader is not easy, especially for assets that have very fluctuating prices. There are different types of traders - but they all have to consider their own risks. The amount of risk they take depends on what assets they trade and what trading strategy - but they can only minimize risk, not eliminate risk.

To become a successful trader is not easy - sometimes they even have to lose money after starting. Wrong strategies and greed allow traders to lose money instead of making a profit - so traders need to avoid and learn what they must have to be a successful trader. Trading without risk is impossible - so set your risks and learn how to minimize them.