This is an important aspect of trading that people especially newbies that are practicing risk management do neglect. It is better to earn gradually than trying to earn big and losing all of your money. In trading, the more you risk, the more you lose and vice versa. Rome was not built in a day, so you have to be patience to see yourself grow gradually as your earn little by little until you have gotten enough capital to risk more of your initial investment at hand that time.
Trading is risky and having enough knowledge about it is not enough. Knowing how the market operates, its history, its cycle and different phases within a cycle, as well as vital order types to avoid, reduce your loss, are important firstly to defend your trading capital. If you can not protect your trading capital, you will not be able to get profit from trading.
I don't know much about it but I will talk to you as much as I can. There is no doubt that it is risky because money has to come or go and that is why it is risky. There are many things to look at in trading, in which you have said exactly what you said because you have to take a step by looking at everything forward and backward in the market which is quite a difficult and risky step. Obviously when the money will not accumulate how will work in the market. Because sometimes there is a loss in the market there should be money in the next step to cover it.
As long as money is involved in an investment, there is definitely risk, it cannot be without risk, unless you have not spent any money, it will be considered as if there is no risk. That's why since we are talking about trading, there is definitely risk.
And when there is risk, you can lose and you can also win or get a profit. That's the reality of the concept of trading, that's why there is Buy and Sell, between here it depends on whether we can get a profit in the future or not, it's that simple for others to understand.