Do not be discouraged while learning to trade.
Do not be discouraged while learning to trade.
Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
Great advice. Only the persistent one will have a story to tell in the end. As a new trader drop any sweet and beautiful expectations you may have developed because of watching other successful trades on the internet. If you don’t want to be disappointed drop it. Have an open mind and in fact expect the worse to happen, expect that it is not going to be. If you do so, your mind will be getting prepared to handle these challenges when they eventually come.
Even talents needs to be worked upon to make them presentable enough to earn from them. Giving up at any time because you encountered some failures learning to trade will only make you never get to the point of success. Every successful trader once suffered some losses which at some point felt like failure to them but t he beauty of the whole process is the lesson in the failures, when well learnt, they become a stepping stone to greater success trading, giving up shouldn’t be an option at any point, always remember why you started and stay motivated but trading isn’t a get rich quick scheme, it’s a skill that need to be learned and applied properly to get the best of results off it.