Why is it so hard to make money trading?
Trading is easy if you follow these 3 steps :
- Start with the basics – Begin by understanding the foundational concepts of trading, Learn about technical analysis, how the market operates and the basics of buying and selling. Familiarize yourself with key terms.
- Focus on mastering one strategy – As a beginner, it is easy to get lose in all the noise of strategies, unnecessary advanced concepts. Keep it simple and stick to it.
- Practice with a small amount of capital – I have never been a fan of practicing with demo accounts but some people don;t have capital so they have to go with that. They are obviously not same as real capital and will not set you up for the real live markets. Instead, I suggest starting with a bit of real money – money that you are happy losing and get a feel of trading this way.