Post
Topic
Board Trading Discussion
Re: Why are people getting scared to Trade
by
Dewi Aries
on 28/04/2024, 06:00:41 UTC
There's nothing wrong to be careful or avoid trading if you aren't ready for it. A trader needs lot of things like knowledge, analysis skill, experience, Money, patient, emotional or mental control and many more. And honestly, it isn't that much easy to make profit from trade. Even spot is okey but sometimes people use future trading as gambling and i saw. Many good traders got liquided even they have everything that  makes them good trader. But loss and profits are common in Trading, Any shouldn't afraid of trading if he maintain discipline and can control himself

True, everyone has a choice and they are free to choose which means that if they are not ready for everything that they will face in trading especially the possibility of risk then it is better to postpone the intention and then dedicate themselves to first learning everything that is needed in preparation for starting trading and you have mentioned some correct points above such as knowledge, skills in terms of analyzing, planning, risk management, along with financial management, emotional, mental and psychological which some of these points will be very useful to make it easier for you to find profits along with avoiding yourself from the possibility of too significant losses. The question is why do we need so much to prepare to start trading? Obviously as you said that however trading is a difficult activity, someone who says that making a profit in trading is easy is those who come without having the right understanding of what the world of trading really is.

Because it is not uncommon for us to also find traders who end up failing with a concerning situation where they lose large amounts of money and usually these are typical traders who are too focused on their intentions and goals of making profits but instantly while however no success is produced without a process of struggle and hard work, the point is that nothing is instant and you never know about the process of what difficulties have been passed by traders who have now managed to achieve consistent profits.