I see that many traders today still have the wrong mindset, thinking that trading is a way to make money or even get rich in a relatively short time, easier than having to work for decades at a company just to achieve financial freedom.
Trading is one of the hardest jobs in the world, not everyone is cut out to be a trader, but anyone can certainly become an investor. To achieve consistent profits, you need more than just an understanding of trading strategies and risk management, which you can easily learn through social media thanks to today’s easy access, but, more importantly, you need experience, this is what will shape you into a profitable trader.
Experience is still the best teacher. And those who have no experience at all will most likely fall on the get-rich-quick scheme with trading. So the fact that everyday there are newbies in the trading market, that goes to show that that there is no end to this kind of belief. Newbies in trading will mostly expect for unrealistic gains, and the more they lose, the more they become consistent to trade more and get rich eventually.
Yes, trading is definitely risky and a very hard job. But some traders do not see it that way, and only realized those risks in trading the moment when losses are no longer bearable.