Before getting into trading - page 7.

john_nautica

full member

Activity: 966

Merit: 102

Quote from: palle11 on September 23, 2021, 07:58:27 AM

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.

Quote from: Wind_FURY on September 23, 2021, 06:46:21 AM

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL Cool

This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

Indeed. I think that for a trader to be sharpened and be equipped enough to capable in succeeding in trading, a learner must experience all of the triumphs and failures. After all it is worth it to go through it all because a leaner will value more what is to come.

palle11

sr. member

Activity: 2366

Merit: 332

A learner who wants to learn more should be patient and not to be in the haste to start real trading. Make all your mistakes with demo , build your passion for it and don't run away from mistakes. A learner should take low risk, identify what is working then stick to it, with time you will be a professional growing from the mistakes made.

Quote from: Wind_FURY on September 23, 2021, 06:46:21 AM

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL Cool

This is another type of trading but called hodling. However talking about hodling, longtime can be boring. A real trader don't want to hodl but to exchange for immediate profit..

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: amirahmed on September 23, 2021, 06:23:15 AM

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

Since many experience from massive losing on their trades you better seek the reason on why they lose their money and what mistake they do before that incident happen so that you can learn from others mistake and avoid losing huge for yourself and also the suggestion given above is good about using small capital since from that you may know the complexity of trading and the volatility of the market since for sure once you lose the capital you put you can gain experience which can help you do better trades next time around.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

As above, but understand not everyone is profitible or designed for handling trading. You're best off trying but with small capital once you think you've found something that works. If you don't have much capital to start with, you can try paper trading instead (where you trade without money to see how well you do - but that has less risk so is quite a bit different from trading).

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, 1. NEVER join a paid group.

2. NEVER buy a “secret strategy” from someone who claims that the “strategy” is very profitable

3. Learn from open source information

4. Learn from all perspectives from different traders, and different trading strategies, STUDY/WORK HARD

5. START WITH SMALL CAPITAL

6. If after everything you still are not profitable, save money and Buy the Bitcoin Dip, and HODL Cool

amirahmed

newbie

Activity: 7

Merit: 1

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?

Topic: Before getting into trading - page 7. (Read 668 times)