Causes of Difficult Profits When Trading
In the trading business, it is actually not much different from other businesses, there must be times for traders to gain and lose. Especially when a businessman or trader is still a beginner, he will often make fatal mistakes that are difficult to overcome if the trader does not know how to avoid them. These fatal mistakes make traders often experience losses and find it very difficult to make profits or profits when following.
Has the Trader received enough education?
In business and work knowledge is very important to have and understand. Doing business in the trading world without knowledge is the same as a trader having a cellphone without understanding how to use it. So it's only natural that your trades will often lose because traders don't have enough knowledge and are just desperate to jump into trading by relying on instinct. Traders may make profits, but it is certain that these profits do not last long or are inconsistent. This is not recommended because it can affect trading psychology in the future. Traders can increase their trading knowledge by using the internet to get free trading education such as content on blogs, YouTube, social media, webinars and much more.
Has the Trader used a trading system?
The system is very important to use in doing anything including trading, so that trading runs effectively and efficiently. Without using the system, traders might be able to make a profit, but can the profit be consistent? Because the opportunity to lose at the beginning or go bankrupt will be very large without a trading system. To implement a trading system, traders can imitate a trading system that already exists and is made by successful traders out there. Or traders can make their own according to the trader's version by opening a demo account and taking advantage of the virtual balance to do various kinds of trial and error until the trading system is formed. This will take a long time because it takes a series of trials and revisions. It would be nice if the trader learns from the existing trading system while continuing to do trial and error on the demo account until the trader can create his own trading system.
Has the Trader implemented an ideal risk management?
Basically, the principles of the trading business are the same as other businesses, all require good management so that the continuity of the trading business can be maintained, including managing various risks in trading. By applying mature risk management, traders will know how to manage risk ideally so that traders will be more confident and comfortable when trading because traders already know how much loss the trader will experience if the trader loses or loses.
Have traders been disciplined in applying it?
No matter how good and sophisticated a system or tool is, and no matter how expensive the fees that traders spend to pay for trading education, all will be in vain if traders are not disciplined in implementing them. So, keep doing all the plans with discipline so that the efforts that traders spend are not in vain.
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