Only 5 % people make money in cash market, 3% in futures and 2% in options. The business "trading" has more risk towards capital than any other business. Yet people come to trade with zero knowledge and dream about becoming millionaire in few days. They think they can make money by simply buying/selling and make easy money. Making money in any field needs knowledge, practice, talent and common sense. When a person has "realistic expectations" towards trading he/she can make money as they wont do any impulsive trades.Trading is a profession. And to make money in trading one should educate, get trained and practice. 5 years study for MBBS, 4 years for engineering and how many days or months you spent in studying about trading? Think about it guys and if you do not have proper technical knowledge in trading, learn, study it first and then trade.
Note : Learning basics about trading is a stepping stone, but to earn money in trading, one should master technical analysis/charting.
Comment
⋅
Pls read this post of mine to know about money management.
Hi It is very good post, can you share your telegram link here..
mklives
⋅
know your risk..be ready for loss..trade your own money..dont give it to others to do the work for u..cos it is your money..
ChanSek
⋅
Well said Mam, your write-up is about 90% of the remaining so called "Traders" who risk their capital. Thank you for helping us to learn some technical details as well as guiding us with your experience.