Post
Topic
Board Nigeria (Naija)
Re: Lack of full knowledge could lead to lost of Assets in trading
by
Josefjix
on 12/08/2025, 23:45:17 UTC
OP is having problems with quoting, you should take time and learn it brother.

A friend of mine embarked on trading without a proper mentorship and lost all his assets.

So I want to ask? What are the criteria’s to become a good trader?

Trading is technical and this isn't gambling that you can just apply guess work to make profit. If you don't understand what you are doing then you must be prepared to lose a lot of money. The ctiterias to become a good trader are discipline, patience, acquiring proper knowledge. Discipline is very important without it trading might be frustrating and challenging. Discipline here simply means self control, not being greedy and learning how to follow the rules. Knowledge is another important thing you need. Without doing proper research don't invest in any token. Lastly patience, this is actually very important, you can end up not achieving anything in trading if you are not patient enough
Trading needs consistency too as well, your mentor's consistent experience is quite different from students consistent experience when trying trading, sure you'll graduate and then your trading journey starts from that day, you'll discover more from what mentor didn't even teach you, the rise and fall, ups and downs in trading will begin to show itself to you, so it's better to be consistent and enjoy the process while learning everyday because learning has never ended in trading.