Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.
People need to understand that trading is not something they can just venture into unless if they are ready to lose their money. Even trading experts will not advise people to begin trading without knowing about it and even while having some knowledge about it that doesn’t guarantee 100 percent success rate, is their even a thing like 100% success rate in trading? I don’t think so, having knowledge will just simply minimize the risk and chances of losing money.
Trading should be first studied properly as a course because of it’s complexity and many terminologies that needs understanding and also understanding the the tips and guidance provided is also as necessary if a person wants to increase his chances of becoming a successful trader but most new traders would want to skip the learning process not knowing how risky it would become for them ahead, trading needs to be approached with utmost caution because people lose more money than they actually make profits.