For newbies and plebs who want to self-study to become "traders"

[justdimin]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

[Cling18]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

[Lanatsa]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

It would really be just that right that you should really know and be wary about some information here on the internet wont really be that accurate or trustworthy on which it is really just that right that you should

always make out some verification or indepth review or analysis whether those are real or not. In becoming a trader then learning up with the basics is a must which it isnt only limited on technicals but also in fundamentals as well but we cant really that able to avoid out that this isnt only limited on those things but also there are learnings which could only really be acquired through real experience and this is why
never ever make yourself that get stuck on a single place and always wander around on things that you must learnt up because this market does have lots of variations on which it would really be normal that it
is really needing up that versatility and of course in speaking about learning then it would be a never ending one.

Just dont make yourself in a hurry because this is where usually mistakes and errors do came from on the time that you would be making yourself that too confident on what you are currently dealing with.

[Mauser]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

It's true that many of the so called investment gurus that publish a lot of trading books make most of their money being an author and public speaking, rather than being a successful trader. In my opinion this doesn't have to be a bad thing and just because we buy one book for 20 USD doesn't make us the sucker. It's always helpful to learn more about the author before buying his book, some successful authors worked as traders in their 20s&30s and only turned to writing books later in life. When it comes to financial literature there are three types of books. The first one is about financial history, they teach us how the past worked and what successful traders bought and sold to become rich. This is informative and can help if we see parallels today to the past, but we can't just copy the trades. The second category is technological and knowledge books that teach us how to do research and analysis of current trends. These are the best type of books as in my opinion as we can learn a lot from them and apply the techniques to various. The third type of financial books are investment recommendations that tell us exactly which assets to buy and sell. Here I would be very cautious and trust blindly on other people what to buy, it's better to make our own research and decisions.

[Wind_FURY]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is 100% true and for sure a lot of writers or people who are writing some content about trading are really losing money on trading and they are just making money on these books or some are making money on affiliates like inviting someone to signup under their links on some exchanges and they will earn money via commissions.

There's truly nothing wrong with writing a book, a guide, or any investment material as long as the writer is honest with his/her audience. There's also nothing wrong with shilling referral links as long as the person doesn't "market" himself like he did in this screenshot. Haha.



Twitter is starting to include "for context" information in tweets.

[lixer]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

[Kasabus]

Not only for those who are self-learning but even to those who rely on others to learn trading, at they should still be careful and slowly assess their learning. Otherwise, they will believe in wrong information that was being fed to them, and apply those in their trades that will eventually mess their trades and end up very unprofitable. That’s why be cautious in every trade attempts, especially that it’s hard to predict what’s going to happen in a very changeable market.

[milewilda]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Tug of war on which it would really be survival of the fittest and if you cant find yourself that really that good or not able to make out some good decisions towards your trades then you would really be might be having that lots of losses and this is indeed the reality if you do find yourself get engaging with this market on which it is really that indeed composed of buyers and sellers on which it would really be just that normal that you would really be needing to be wise on every buy or sell decisions you would be making. As a noob, then starting up with the basics of course on which it would really be just that right that you should really know on how to identify between those errors and effective ways on making yourself that sustainable on this very unpredictable field. Never ever make yourself in a hurry on learning up things and just like on what others been mentioning out that if you rush up then you are prone to errors because you would really be that desperate on making up some steps because you are in a hurry on trying to see those profits which its never been right on having
that kind of approach. Study and learn up along the way even if you are using real balance or money and this is why its not ideal if you do make use of huge amounts specially when you are just still starting.

[Wind_FURY]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Tug of war on which it would really be survival of the fittest and if you cant find yourself that really that good or not able to make out some good decisions towards your trades then you would really be might be having that lots of losses and this is indeed the reality if you do find yourself get engaging with this market on which it is really that indeed composed of buyers and sellers on which it would really be just that normal that you would really be needing to be wise on every buy or sell decisions you would be making.

As a noob, then starting up with the basics of course on which it would really be just that right that you should really know on how to identify between those errors and effective ways on making yourself that sustainable on this very unpredictable field.

Never ever make yourself in a hurry on learning up things and just like on what others been mentioning out that if you rush up then you are prone to errors because you would really be that desperate on making up some steps because you are in a hurry on trying to see those profits which its never been right on having that kind of approach. Study and learn up along the way even if you are using real balance or money and this is why its not ideal if you do make use of huge amounts specially when you are just still starting.

OR, why not carry out the most effective strategy for newbies and just Buy the DIP and HODL? Why play the game of "survival of the fittest" when the game could also be played by simply doing a time-based strategy? We should refuse to become the product, the very people being forced to buy high/sell low, the people who are scammed for affiliate fees, ad revenue and TRADING BOOKS we don't actually need.

[Xampeuu]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

by looking at various sources for learning, we will be able to compare one with another, and of course we can objectively assess the concepts we are studying, so that this minimizes misleading knowledge. actually it is more effective if we have friends to serve as mentors, and I'm sure we will understand it more quickly. and after having the basis for that we can develop knowledge according to our own character. Of course this requires a process and we have to enjoy it

[sana54210]

It's true that many of the so called investment gurus that publish a lot of trading books make most of their money being an author and public speaking, rather than being a successful trader. In my opinion this doesn't have to be a bad thing and just because we buy one book for 20 USD doesn't make us the sucker. It's always helpful to learn more about the author before buying his book, some successful authors worked as traders in their 20s&30s and only turned to writing books later in life. When it comes to financial literature there are three types of books. The first one is about financial history, they teach us how the past worked and what successful traders bought and sold to become rich. This is informative and can help if we see parallels today to the past, but we can't just copy the trades.

Yeah true, you should definitely not be upset about any money you spend on learning as long as you are learning. But making you a sucker is the fact that some people buy some stuff from some people and get the most cliche things ever. I believe that you shouldn't do that. If you want to make sure that you are buying something, then make sure that it's actually a good thing in the end. I know that it's not going to be that simple but as long as it exists and it goes well enough then we are going to do well with it.

I personally hope that people will end up with some sort of profit when the time comes and that means we are going to end up with a good chunk of money with the right time, that's how you could end up improving in the end.

[Adbitco]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

by looking at various sources for learning, we will be able to compare one with another, and of course we can objectively assess the concepts we are studying, so that this minimizes misleading knowledge. actually it is more effective if we have friends to serve as mentors, and I'm sure we will understand it more quickly. and after having the basis for that we can develop knowledge according to our own character. Of course this requires a process and we have to enjoy it

I think you got it right, after having to learn from an experience person who will be more like a mentor to them then can apply to source from others knowledgeable users maybe those information can be compared to see if actually they are going off the track, and besides it should be something that you are well prepared for I have seen few people who developed interest to study about trading after many class he wasn't able to focus and was thinking is a thing to just study and start making profits without knowing that as a newbie there are alot to learn and to know.

[Aanuoluwatofunmi]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

That's true, we have to understand that not everyone that teaches know how to teach, also not everything we see online are true the same way the appear online, when we see anything offered to us, we shouldn't hesitate to conduct a research on them to know what others have on them, information should not be centralized or vested on one side, we need to seek for more ways to know how genuine and true they are from a verified source.

[Mahanton]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

That's true, we have to understand that not everyone that teaches know how to teach, also not everything we see online are true the same way the appear online, when we see anything offered to us, we shouldn't hesitate to conduct a research on them to know what others have on them, information should not be centralized or vested on one side, we need to seek for more ways to know how genuine and true they are from a verified source.

All matters on how someone would really be that mindful on the things that they've been dealing with on which there are people who dont really just care about its source or there are people who are really that skeptical
on the time that they would be reading up those informations or things whether online or been suggested by someone. Just like the rest been saying that everything could really be found online and its up to you whether you would really be making some research even more or would just directly believing on what those write up been telling since you do assume that those information are already that legit and valid and made up by some research but its true that not all would really be viable and something realistic when it comes to methods and suggested. There are those points which cant really be possibly be applied and if you arent really that
careful enough on trying out to absorb these things then it would might give out some negative impact towards your trading learning path or career.This is why we should really be having the sense on
assessing on what you are facing on.

[Vaculin]

Perhaps the best advice of all time. Trading is never easy so one should learn it carefully and with high caution knowing its a high risk activity, that anyone can ultimately lose everything he has if he trade instantly without knowledge and honed skills. Also, with the presence of crypto influencers all over online, be careful not to fall for those fake traders impersonators as they can be anyone’s nightmare once a trader easily believe and instantly lose everything all his money.

[GeorgeJohn]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

In the aspect of trading and losing of money its real that you will lose money and losing of money do occur when you have not understand the basics of trading and investment, when you invest and lose you don't need of recovery what you have achieved, what I noticed in trading is that you have learn and understand the future of trading before you runs into trading because pushing the lose you made in order to recover will make you to loss more.

[SharonC]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Ah, I wish I saw this earlier. I used to watch "traders" on YouTube and literally waste all the money I invested. The only thing that helped me was my experience that I gained with time and ability to analyse the market.

[gunhell16]

That's why it is very important to learn crypto trading first before trying to make money from it, this is the important thing that beginners who enter the industry like this should understand. It is not easy to understand. And it's not because you know the basic that there is something to be gained from having an understanding of trading tools is the basis to earn big in trading activity.

We still really need to know how to use trading tools correctly, especially reading the charts of different crypto exchanges in this business.

[rozak]

That's why it is very important to learn crypto trading first before trying to make money from it, this is the important thing that beginners who enter the industry like this should understand. It is not easy to understand. And it's not because you know the basic that there is something to be gained from having an understanding of trading tools is the basis to earn big in trading activity.

We still really need to know how to use trading tools correctly, especially reading the charts of different crypto exchanges in this business.

and it can not be understood in a short time. it takes time and also experience to be able to understand how traders can benefit. it's not as easy as buying cheap and selling expensive.
novice traders at least need some initial capital which can be lost in the process of learning to trade. no problem with that, therefore always use small capital.
what's becoming a lot of trouble nowadays is that many novice traders follow streamers for their trades. to follow understanding in trading, it is not a problem. but when following the given signal, more will not be accurate. or even streamers also suggest copy trading.

[palle11]

It is good to be patient, holding could be better.

Hodling could be better for plebs or newbies who are scared to take in the challenge. A trader doesn't prefer to continue hodling, he wants to go in for the instant multiplier. But like you said for hodling, I believe bitcoin is better for it.

Not only for those who are self-learning but even to those who rely on others to learn trading, at they should still be careful and slowly assess their learning. Otherwise, they will believe in wrong information that was being fed to them, and apply those in their trades that will eventually mess their trades and end up very unprofitable. That’s why be cautious in every trade attempts, especially that it’s hard to predict what’s going to happen in a very changeable market.

A trader need to have their own strategy so that if an information is coming to him from another source, he could analyse it and get to relate it to his own trade pattern. We don't need to accept every trade order or suggestion without tasting with what we know. Don't trade blindly but be wise to be patient and confirm the trend before jumping in. The money in trading never get exhausted, meaning any time you get in rightly, you will be able to make your own profit.