If you continue to lose, continue to trade with the amount of money that you can afford to lose. It can be $10 or $20. Trade like you are expecting the least but with little amount of money from the total trading capital. If you have $20, trade with just $2 and continue to look for a better strategy that will help you.
It can take 2 or 3 years. You need to be patient. If you are not patient, it can result to losses of money. Do not think trading can be a source of income. It will only be a source of losses for such a person.
Do not borrow money from your friend because of trading. Use low amount of money to continue to continue to trade until you see something positive about it.
You have said it all sir, use what you can afford to lose, don't be in a haste to get it all at once , trading is a process you fall you rise till you can know longer fall hard again.
Constant practice and seeking for knowledge on your particular trade is key to success in that trade,when you now combine this with hard work, patience and discipline, the rate of success in that trade is now increased by a big percentage.
Start small, improve your understanding and general knowledge and the sky is just your starting point, while it's still very important to have a source of income while trading, because the market is not always favourable and you are not always assured of a win.
Its always the main first rule on which you should be that investing into the amount that you cant afford to lose, but the main problem on here is that what if you dont have that source of income? What would be your ways on making up some trading without having that enough capital on making use of?
Is it okay to trade without having a source of income? that would surely be hard but if you can be able to do so then thats great but most of the time you would be having that hard time for you to be able to sustain able in trading you wont be directly making up money with trading and you would be needing up some funding to have that capital on which of course profitability will be basing up on how well you do make out some trading entries and exits on which of course not all would be that good when it comes into this aspect. Dealing up with trading or any investment out there would be needing up that capital for you to start on on which this is just that common sense. You wont be able to sustain yourself if you dont have the money for you to make use of capital. You cant be able to start up without money of course because you do need up money for you to make money on which isnt that possible that you can be able to start up if you dont have the funds. Never ever take that kind of option that you would be getting up some loan for you to be able to start up on trading. If you do have plans on making yourself dealing up with trading then better to find some income source first and trying out to save per month to allocate for your trading capital. This should be your main priority because if you do tend to make out some trading just because you do want to make income from it, then it wont be having any guarantee when it comes into this aspect. Always be wise on taking up actions and be sensible on whatever the things that you would be getting involved into. There are just that those times that you do become that too positive about making money but with this industry on doing up some trades then this doesnt give out any assurance that you would be able to make it through or be able to get it directly on being consistent. This specific skills cant be learn in a short time period.