Quote from: WatChe on Today at 01:28:20 PM

Quote from: Japinat on July 19, 2025, 09:32:56 PM

Thank you for your good tips OP. But just to remind every newbies out there, knowing all of these is just a small portion when you are in real trading. Skills and experience matter the most, so if you think you certainly have less knowledge and experience on trading, it’s better to study more of it before you decide to risk your hard-earned money into trading.

As much as knowledge and experience are crucial when trading, I should say having patience and emotional control as well will pave way for a better trading performance. So make sure to develop those positive traits first before engaging in real trading.

It's a reality that no matter how much you learn about trading through YouTube or by using techniques like paper trading, you will learn trading only once you start trading with real money. When we are new to anything we do commit mistakes before developing skills in that domain like when we start learning driving, we do mistakes initially when we drive car our self. Likewise in trading, we have to face loss in the start and best why to reduce that loss is to start with a small money or money that you can afford to lose.

A new trader can never truly learn trading before real experience, the amount of knowledge you gain by watching YouTube videos, taking advice, reading books is all general knowledge, but deep and real skill knowledge will come only after real trading. So after gaining general knowledge, when you first start trading, you will lose, but during that loss you have to have a mindset of learning more, when you try to learn more from each loss, you will be able to gain deep knowledge, and only then you will be more experienced. So every trader should understand these things, instead of trying to achieve success first, trade with the ability to lose in the first situation, and try to gain more knowledge from that, patience, experience, and a mindset of regular learning are very important in trading in the first situation.