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Author Topic: Learn and understand before trading.  (Read 1028 times)
liasbaa
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June 05, 2026, 02:04:11 PM
 #121

Even if luck sometimes can help the person.

The moment anyone takes luck as a tool for trading, such person is not far from crumbling his/her trading capital. Trading is way more than luck, except you want to look at it as a form of gambling, which is not in anyway the same. Trading requires time, patience and discipline, whereas knowledge is the fundamental tool that governs trading. Decision making while viewing the market chart is not as easy as we see from different videos on YouTube. Professional trading is not really for everybody, but everyone is allowed to trade.
Anybody that is a trader and hoping to be lucky before becoming profitable can be seen as waste of time.
Trading is not gambling so we don't have to depend on it much to be profitable. There are people that are losing money to trading even when they have the skill and understand how to predict the market accurately. You can not get lucky when you are trading and it's better to stick to good strategy so that it can help to bring profit even if it's gonna be gradually.
Trading cannot be compared to gambling but one thing you can compare is the risk involved. Smart and experienced traders are making profits from trading but you need to invest for the long term to get there. If you trade only for profit, it will mark you as wrong. Nothing is sustainable if you make a lot of profit in a short period of time.

Interestingly there is another similarity between trading and gambling which is in the area of ​​speculation. You cannot predict future prices exactly as you can in gambling. To win in gambling, you need to be lucky and also have experience, especially in sports betting and team analysis skills. Skill and experience are very important in trading because you have to take risks just like in gambling. To reduce risk in trading adopt fund management and trade with discipline.

Thomas scholes
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Today at 09:50:07 AM
 #122

Every art of mastery requires practice. Success isn't achieved overnight in craft or in skills, so all in trading. Learning from top traders gives vast knowledge on what you are about to begin, Understand how trading works helps you minimize loss and increase profits. If you want to be a successful trader, you must learn and understand how trading works.. Some things to understand will trading is
1. High risk determines Higher profits and low risk determines lower profits, but understand risk management.
2. Profits and losses are part of learning
3. Don't predict the market because you have lost so much and you want to recover your losses.
4. Study the market consistently and learn more about market patterns

Don't rush into trading, learn till when it turns to earn.


Y3shot
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Today at 04:24:21 PM
 #123

I’m not a fan of trading, as good as you can be I don’t think you can be absolutely perfect with trading, because trading is like gambling you can’t just predict what is going to happen immediately, it’s more like you’re taking a risk, and I don’t ever think anyone can tell me that they’re perfect with trading, when you’re successful with trading I think it’s just all luck, because you can’t only get lucky with trading, doesn’t me that you’re absolutely perfect with trading even when you feel you have all the knowledge and understanding about trading.
When it comes to trading, anybody can enter the market as long as they are willing to learn. It is impossible to be perfect in trading because the market is unpredictable, but this doesn't mean people don't succeed in trading. People still make good profits from trading because they have chosen to pursue knowledge, and this is what brings good results in trading. Trading can be risky and unpredictable, but it is totally different from gambling. You can still make a profit from trading irrespective of how unpredictable the market is, but in gambling, it totally depends on luck, which you can never predict.

 
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Rockson1
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Today at 05:07:03 PM
 #124

Most people cannot practice the diligence that comes with learning and that is a mentality problem. I have a friend who is into copy trading and has no basic knowledge of how the market works, and he shows no desire to learn.

Definitely, understanding the market price action is important when trading no matter the situation. A popular saying "no knowledge is a waste" is not entirely a fallacy, because digital skills would always remain relevant and important in every sense.
Such friend is just after the money by all means, there many people like that although I don't like talking much about trading but I have listened to some people talk about trading and it seems to that patience is also needed in trading and that is what many of those money mongers needs to know.
I think this also has to tell us that there is no easy way of making money, there concept in everything and such concept has to be followed for those that are interested in such field, trading has skills as I we have been hearing, so why won't some that want to be part of traidng learn the skills, and be patient to know when to go in and when to get off.

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