What is your advised for being a trader?

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What is your advised for being a trader?

Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn’t recommend to trade if you don’t know anything. But I don’t support the idea “Doing trades with small fund and keep learning”. Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?

Shabira Shafeek Answered question July 4, 2024
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Prepare yourself; trading is not an easy thing. If a weak-hearted person is trading, he or she will not survive. A trader should always be ready to lose money and, of course, have the mindset of recovering it next time he trades. Don’t chase losses; it could be ugly if you keep on aiming to earn quickly. The most important thing is “knowledge.” Even if you are already earning, trading is a very unpredictable thing, so the movement of the market is undefined. There will always be a new pattern, so your mind should always be ready for adoption, and you should be ready to learn new things in order to earn money next time you trade. Remember, even an experienced trader still faces losses, and so do you. There is no perfect trade in trading, so you should build your own. Trading will never be easy, and if it is, maybe you will attain a state wherein you can trade efficiently and profitably, but there’s a long way to that.

Shabira Shafeek Answered question July 4, 2024
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first I will look at positive news, if I have small money I will choose to trade with popular coins such as bitcoin, eth, and others, not like you said I will lose all my funds in a matter of seconds, it is very impossible in my opinion, unless you trade with the token that has just been launched, memetoken will be very possible, condition your finances first, if you are ready to lose or double your money in an instant, meme token is the best solution

Lakshitha Kumara Answered question July 4, 2024
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