Some of us doesn't make proper research before they establish trading, and that's the reason why some of us continue to experience loss in any attempt they made in trading...I have some things to outline for we to consider first before we go into trading so that when we experience loss we can be able to know why we loss, neither big or small..many people has lost their funds because of trading, and they joined trading because of side news they had from people that with trading you can become a billionaire, so news is what triggers people who doesn't know basic ways of trading to join trading with hope that they will make it in trading without understanding the scopes of trading first.
This is what we are to understand first before we go into trading
• We need to learn and understand the key roles of trading before we go into trading
• To know that trading have advantages and disadvantages
• The risk in trading can lead you to lose whatever you have
• We are to know the market analysis of trading before we join trading
• Most important, to understand the Risk management
• The final, To know when to buy and when to sell
I think most of the newbies doesn't make inquiries before they go into trading, and that has been the reason why they continued to experience losses, making research and understanding the concepts of trading will make people who is new in trading to at least not to loss too much...
Like you said some people don't make proper research before trading the financial market, trading isn't something that anyone can just do without accurate knowledge, this actually takes time to master. Most beginners are desperate to make money so they lose consistently because their strategy hasn't been well developed. One point that you mentioned is of utmost importance but it's overlooked, that's risk management, application of this principle is what is going to help you mitigate losses as a trader, those are disciplined enough to do this Don't lose carelessly.