Post
Topic
Board Trading Discussion
Re: Beginners mentally about trading
by
Adams0001
on 25/02/2025, 13:58:57 UTC
My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?
There is nothing impossible but the possibility of making money from trading in such short period of time is very little and less than 0.000001%. Beginners are always losing in trading. That is the reason we do tell them to trade with the amount of money that they can afford to lose. They can even trade below the amount of money that they can afford to lose as a beginner. Experience is important in trading and it can take months or years before a trader may understand how to make money from trading. Also trading is not for everyone as some people may continue to lose.

Anything is possible, but it takes time and patience. Trading is not an easy procedure, and you must devote a significant amount of time to it before becoming proficient. Any newbie in trading will undoubtedly lose because it is not an easy task, which is why it is usually recommended to invest just what you can afford to lose. Because this is not a bitcoin investment, it may lower your risk. If you lose money when trading, you will not be able to receive a refund or recover your capital. That is why they stated risk what you can afford to lose in trading so that if the market doesn't go well and you lose, you won't feel it like someone who invests huge amount and he lost it all. the pain will be different.

When I see inexperienced traders lose money, some say they would never risk it again, believing they have no future in trading. What I understand is that if you do not lose money when trading, you will not get expertise in dealing with the market and making gains. That is why it is beneficial to have a mentor who will guide and motivate you so that you do not give up on your goals. Beginners believe they can get rich quickly in trading, because some traders are already wealthy, but they fail to consider how hefirst trade aggressively and lose money before becoming wealthy. Because everybody who makes a lot of money in trading will lose a lot before reaching their goals nothing always come easily you need to face the challenges first.