Knowing how to protect your funds while trading is part of what you will have to learn as a trader, it is called the risk management side of things, but that isn’t the only thing you have to learn to become a trader. There are lot of things that one would have to learn before they can even start to give it a try. It’s not like you have said that other knowledge will come with experience.
Indeed, there are some of the knowledge that you would gain from having the experience, but before that you have to learn about it first. It’s just like learning the theory of a subject before you go into the practical side of things to experiment with what you have taught and prove that the theory is indeed accurate.
Becoming a successful trader, of course, requires a lot of knowledge and a lot of trading experience. Because trading is very complex and not just buying and selling, there will be many problems in it, about how to do risk management, psychological management and the use of trading tools and strategies.Indeed, there are some of the knowledge that you would gain from having the experience, but before that you have to learn about it first. It’s just like learning the theory of a subject before you go into the practical side of things to experiment with what you have taught and prove that the theory is indeed accurate.
Studying theory and then putting it into practice is something that must be done and done in a balanced way.
those who say that I don't think they really understand fully about trading,
knowledge and skills are very important to start trading on the other hand mentally preparing must also be considered
if someone will say that - making profits quickly in trading, then i guess, he just got lucky at his first attempt or he has not really experienced the actual trading himself. but more then likely, it is the latter. those who are boasting about such feat may not be traders at all but just basing their opinion from what they read.
because once you got in in crypto, you will understand that trading requires patience, skills, knowledge and more experience to truly achieve success. this is not an overnight path to success.
to be successful in trading we need to continue to learn many things and all of that takes a process,
so don't be lulled by someone's words that are not basic
. Indeed why would you stop when you are continuously reaping benefits? A wealth can easily go down though so we need to be sure that we are earning sufficient enough before we retire. Not just in success but to also in failure, it is not a reason to give up because you wont never learn it but failure supposed to motivate us to try harder.