Newbie's Corner - Part 2 Can everybody trade?
Every expert trader was once a newbie trader. Every Pro trader was once losing money consistently. And everybody starts trading with zero experience. Why very few only become a successful trader? How a person approach trading decides it. If you want to swim, you know very well theory knowledge wont help, only experience helps you to swim.
Someone will instruct you and wearing a life jacket you will be learning. Also in the first day itself you wont learn to swim in sea. You will start with a pond or small river. Similarly in trading, technical knowledge is your life jacket. So many study materials are available in internet about trading to improve your basic knowledge and to paper trade. Learning from an expert trader saves your time and increases your trading/learning curve. Using small position size is like swimming in pond. Its not like you can learn if you have big amount as capital. Big capital increases your fear & greed drastically and as a newbie it will be tough to handle.
Someone will instruct you and wearing a life jacket you will be learning. Also in the first day itself you wont learn to swim in sea. You will start with a pond or small river. Similarly in trading, technical knowledge is your life jacket. So many study materials are available in internet about trading to improve your basic knowledge and to paper trade. Learning from an expert trader saves your time and increases your trading/learning curve. Using small position size is like swimming in pond. Its not like you can learn if you have big amount as capital. Big capital increases your fear & greed drastically and as a newbie it will be tough to handle.
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