Quote from: LogitechMouse on Today at 03:47:16 AM

As a person who's involved into trading (although I lost), experience really is a big help to those traders because from there, they will make better decisions in the future based on what they've experienced.

Except you are a very genius newbie trader, you can win and get profit with your first experienced months in this market or longer in a first year. Other than that, you will get loss, like you actually had, because the market is volatile and it never moves up continuously. With market corrections, news, FUDs, newbie traders will have loss in this market.

Even senior traders have losses too so it's unrealistic for newbie traders to believe that they will get profit. This truth reminds newbie traders that they must manage their capital, includes trading capital that must be small part of their capital, very well. This good management of capital in general and trading capital in particular, will help newbies protecting their capital and avoiding loss of all capital after several months in this market.

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Experience will go a long way when it comes to trading, but experience alone will not help you become a successful trader. Of course, you need more in order to succeed.

If newbies start in a risky way like using all capital for trading, and losing it all after first couple of months, the journey will be very short and painful.