Hi there I'm Nkosinathi I'm newcomer so I want to understand this thing of traiding because I need to make money
Madodathusi50:
Hi there I'm Nkosinathi I'm newcomer so I want to understand this thing of traiding because I need to make money
That question is as broad as it is deep, Nkosinathi. But first, throw out any notion of learning (forget mastering) this space quickly.Hi there I'm Nkosinathi I'm newcomer so I want to understand this thing of traiding because I need to make money
Personally I've been learning and testing for almost 2 years now and I still consider myself a beginner.
If you can accept that this is a long road, that's the first step. If not, it may be too dangerous for you.
Your next step, IMHO, is to start digging in to videos on YouTube and discussions here. Find a term or a concept that you don't know? Stop, write it down, research it. Investopedia is your friend, squeeze it for everything it has.
When you think you have a handle on how things work... Don't touch your wallet. Open a demo account and start testing and playing around with the terminal. You'll need a good broker, but that discussion is not allowed here.
IMHO if you can keep a demo account profitable over a few months, only then should you be even thinking of opening a live account. Don't be lulled into thinking chance is skill, as beginners luck exists here as well. The road to success is littered with those who succumb to hubris.
In short. Stop, make a plan, learn, reproduce, and find what works for you. It's a long road, but Rome wasn't built in a day.
Hope my rambling helps.
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