Only 5 % people make money in cash market, 3% in futures and 2% in options. The business "trading" has more risk towards capital than any other business. Yet people come to trade with zero knowledge and dream about becoming millionaire in few days. They think they can make money by simply buying/selling and make easy money. Making money in any field needs knowledge, practice, talent and common sense.
When a person has "realistic expectations" towards trading he/she can make money as they wont do any impulsive trades.Trading is a profession. And to make money in trading one should educate, get trained and practice. 5 years study for MBBS, 4 years for engineering and how many days or months you spent in studying about trading?
Think about it guys and if you do not have proper technical knowledge in trading, learn, study it first and then trade.
Note : Learning basics about trading is a stepping stone, but to earn money in trading, one should master technical analysis/charting.
When a person has "realistic expectations" towards trading he/she can make money as they wont do any impulsive trades.Trading is a profession. And to make money in trading one should educate, get trained and practice. 5 years study for MBBS, 4 years for engineering and how many days or months you spent in studying about trading?
Think about it guys and if you do not have proper technical knowledge in trading, learn, study it first and then trade.
Note : Learning basics about trading is a stepping stone, but to earn money in trading, one should master technical analysis/charting.
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Pls read this post of mine to know about money management.
