If you want to engage yourself in a particular thing, it's very crucial and advisable to do a proper research about that particular thing if you want to be successful in it. The same method is applied to trading. An individual must acquire a significant knowledge and understanding on trading before he or she jumped into the world of trading. Loss can not be eliminate totally in trading but it can be managed and minimize. It is only a knowledgeable trader that can minimise loss. When a knowledgeable trader makes mistake in trading he will have the ability to correct the mistake, learn from it and gain more experience and skills. But someone that doesn't know anything about it, will commit several mistakes from one mistake, which will cause him a lot of losses. It's really crucial to take the necessary steps before starting to trader to avoid making necessary mistakes. And acquiring knowledge is the best thing to do.


Exactly, we need to learn, understand and know the key roles and the basic concepts of trading. Because it will serve as a guideline for you throughout your life as a trader. An individual can not acquire all these knowledge and understanding in few months, it takes two or more years for individual to acquire quality knowledge and understanding on trading before he or she can be qualified as a trader. and he/she will continue learning in the process of trading. Some people can't patiently wait for some years to acquire knowledge about trading, and that's the reason for their losses and failure. And most importantly, trading requires patience, hard work, contentment and dedication.