Usually my First trades don't always pan out profitable. But my equity grows after the subsequent trades as a result of profits and if it were a small account it would have been blown.
Definitely not, what I meant was those that are without funding should give it a shot. But even those with the funding could try it so that they master discipline.
If you know what you are doing in this market you can actually earn a decent amount of money but in the contrary if you don't have the knowledge you'll end up being a loser.
the only way to know what you are doing is by having the good knowledge, if you have good knowledge you can actually earn a good amount of money trading the market.
These are the very essential things to know about trading, especially those that intends to launch into a live account very soon.
Large capital cannot be overemphasized.
Yeah, you are right. Once you enter the markets with flipping mentality, you would definitely not incorporate risk management and without risk management , loss is inevitable.
Trading with a small amount of money is not a good idea,you have a thin chance of succeeding, that's why trading a prop firm account is very important, I suggest you try it out.
You are right, but it is still possible to make some money by doing the small accounts thought, it requires alot of practice, discipline experience though .
You are right, If you have the good knowledge I believe you can use it to earn a tangible amount of money, having knowledge is a good idea, chase knowledge first before any other thing.
That's the minimum I could I as well agree with you, but one should be careful not to switch into that flipping mentality because it cannot be sustainable for a long period of time.
Having a good knowledge and experience on everything is very important, it will help you to earn a good amount of money but if you don't have experience, you'll lose money.
Having a good Experience do helps us in terms of achieving success,if you don't have experience on something you are not expected to start it up,if you do that you will lose money.
If you don't have experience you'll definitely be wasting your time and efforts, you are expected to gain good experience by practicing,if you are practicing you'll gain a good experience.
That's just it, you won't only waste your time, you'll also hurt yourself because you don't have good experience on what you are doing, getting the knowledge is very important.
That's what I don't like about business advisors online. Some say that you can trade with $10 and make it. The loss of a single trade cam blow it. Those who do it and grow the account have the experience for years.
I completely agree with you, I f you take your time and acquire knowledge you can actually earn a considerable amount of money, you have to go for things that won't rewards you.
You are right, if you do the needful you can earn a substantial amount of money, but if you don't have experience on whatever you are doing, you'll definitely waste your time.
