Quote from: Mpamaegbu on Today at 11:25:50 AM

Quote from: bangjoe on July 26, 2025, 04:47:51 AM

Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

Your background doesn't matter when it comes to trading. What matters is acquiring the set skills for it. Even if you're from a family that's into trading but you haven't taken time to study the charts and acquire what's necessary to be profitable on it, you will still flop at it.

Just to add, start up capital for trading is secondary to acquiring (not just learning) the skills. It doesn't matter what a huge fund one has to start trading, if one hasn't acquired the set skills; one will sooner than later get one's account burnt.

The background referred to is not only about family; perhaps I am too taboo in writing about it. That background can mean knowledge, character, social circle, experience, achievements, work, or other things. Every human being has a different journey in life, and that can be called background.

What I mean is that a person must first understand their position in all aspects before entering the trade, to assess themselves before actually doing it. We must realize that only a small percentage of people can succeed in this field, which means that this profession is not easy and cannot be achieved quickly. Therefore, self-assessment is necessary to create a truly mature plan.