From my personal experience, I advise beginners not to trade unless they gain sufficient knowledge and experience. This is not just theoretical talk, but rather through experience on the ground.
At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.
Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.
Like it or not, there will always be newbie who will go against advices like this but let them. Sometimes they are the one who must make their own mistake before they learn. Learning the basics will also give us a basic knowledge. The basic of trading will be the buying low and selling high but this may not be enough.At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.
Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.
We need to learn further so that we will know how to use the indicators and we will know how to do a technical analysis. People only see the profit or the outcome of other successful traders. If only they know how much money and time they allocate before they get there. I think they will think twice if they will still do it.
