Quote from: SOKO-DEKE on June 08, 2024, 09:21:17 PM

Quote from: Ojima-ojo on May 14, 2024, 06:57:38 PM

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.

Well said My dear Friend, trading entails a lot of risk And should be Handled with Care, newbies are not advised To jump into trading without taking their time To understand deeply the strategies that are involved in trading And the possible measures To ameliorate the adverse effects of risk.however, as newbies we should sincerely understand the importance of risk in trading so we can know the best approach or strategies to tackle them. Risk is a chance of loss and in trading risk is inevitable because loss is certain to occur in trading so it is of utmost importance that we know the necessary risks that are associated with trading before we can engage in it.