Quote from: Assface16678 on June 07, 2024, 11:55:11 PM

Quote from: synchronym on June 07, 2024, 07:11:54 PM

Basically you have to wait for the right time to trade. If you are new to trading, you must acquire enough knowledge before trading. When you gain enough knowledge about trading, you will know enough about the trading market that you will understand yourself when it is the right time to trade. But if trading can make us always plan long term and check the market, then surely we can achieve success in trading. There are many newbies who are new to trading they may not understand so much in the first stage they are too hasty and in haste they make bull decisions and because of this wrong decision they have to face losses in trading. Therefore, if we always have a long-term plan in trading and check the market and trade patiently, we will certainly be one of the successful traders in the future.

Well, its true about what you have said but also we need to remember that there is demo account in any trading platform, learning is not enough a beginner should also try to execute their knowledge in trading, in order to do that they need to do trade, so demo account is the best option so that a beginner could familirize with the platform and also can experiment in trading without worrying about losing money, I think its better to have atleast months of practicinf in a demo account so that a trader could be ready in any situation in the market they are trading with. That is the common mistakes of beginner traders they are starting to trade in live account immediately so that they are losing a lot of money at first then they will never trade again because they experience lose of money which is not a good thing.

I think it doesn't make any sense on why they are learning trading and they will never apply what is taught to them. What they are doing here then? Lol. You are right with what you said about demo trading but 1 month can be short or long depending on the person that is using it. There is no definite time but we are the only ones who can figure it out.

Those who are serious is I think will make sure that they are now ready and they won't rush things because they are the only one who is going to suffer. Those who trade live in an instant are either not learning well, or they have an experience before in other financial markets. Losing money is bad but no one wants it to happen. Just like gambling that losers keeps on coming back, it can also happen here in trading.