Post
Topic
Board Beginners & Help
Re: As newbies we should know the significant risk in trading
by
SOKO-DEKE
on 08/06/2024, 21:21:17 UTC

One approach I adopted as a newbie is to stay away from trading at all means because i already know that the risk in trading is equivalent to the risk in gambling, and most of those that ever make profits from trading also recorded alot of loses that could possibly outweigh the profits amount.

Honestly, trading involves a lot of risk, but the truth is that people are still making money from it. So, I don't think it's bad if newbies want to learn about trading. Everyone you see making it from trading also started as a newbie. However, newbies should not just jump into trading without learning much about it.

For instance, in the crypto industry, I don't expect any newbie to start trading immediately they get to cryptocurrency industry. If they do, they may not stay long in the cryptocurrency industry and might become discouraged because they could possibly lose all their funds. This is because trading is not for those who lack knowledge.