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.
I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.
Psychologically disturbed when a beginner gets involved in trading and ends up losing a lot of money when they want to trade. Controlling risk is not as easy as it sounds because when it comes to losing money there are many problems that can affect a person's psychology. Trading is not easy to carry out if someone does not have good knowledge and most beginners are involved in trading because their habits are influenced by the desire to make money quickly. That's when their psychology is disturbed because they think too much about how to make big profits from the trading activities they do.
Trading can be learned in a relaxed manner and one can engage in it responsibly by using small amounts of money as an effort to practice experience. If people gain experience, they can add a slightly larger budget for the trading activities they carry out. Control risks so that we can maintain psychological safety to lose a lot of money in trading.