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.
Noted: This photo is taken from a group. Avoid copyright issue.
Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,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.
Noted: This photo is taken from a group. Avoid copyright issue.
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.