Quote from: GiftedMAN on Today at 09:26:48 PM

Quote from: wmaurik on March 06, 2025, 05:09:09 PM

Quote from: bangjoe on March 06, 2025, 02:01:23 PM

If someone trades without having knowledge, skills or even without doing analysis I think they are not traders but rather people like that are gamblers, because trading is not just guessing up and down but must have logical analysis both technically and fundamentally which are very important elements in trading.

Money management, emotional management, strategy is one of the elements that must always be present in trading, it really doesn't make sense if you don't have that and keep forcing trading, the defeat will be much greater than the victory in trading, those like that will only give alms to the market. LOL

You are right, when someone trades without having knowledge of course they only hope to get lucky from their trade and if luck is not on their side then they must accept the loss due to their own actions and first take the time to learn trading before deciding to trade is the right decision for anyone who wants to start because some people who already have experience still experience failure, let alone those who do not understand anything but choose to enter trading of course this is very wrong there will be many losses experienced if they force themselves to trade without having any knowledge about it.

I still wonder why some one will go into trading hoping to make profit without having any knowledge that's gambling if you ask me cause that's the only thing that requires zero knowledge to begin and you gamble and hope to be lucky before you can make profit. Experience traders also lose in trading but you can't compare a trader with experience and a total newbie in trading. The losses will be too much and the treader will not withstand the amount that he will be losing everyday unless he is willing to stop trading till he gets knowledge.

Going to the trading field without having adequate knowledge is by no means something that can be looked at or done superficially. There is no certainty in the market and such a person will have a challenge managing the decisions made. Others, who get used to it, perform improvement that is not always proper to the expectations; however, they have learned how to overcome it. It is unlike a person who is still new and has no well laid down structure to counter the forces that exert pressure to change the prices. If not well prepared than the challenges faced may be much higher than one is capable of handling.