How do I learn to trade?
@DavidTraderSignalsHow do I learn to trade?
You can only learn how to trade by trading. Moreover, by trading only live money. There is a theory that you need to learn how to trade on a demo, but you need to earn money on your own. But this is completely absurd.
After trading for free on a demo account and having developed a "successful" system, as it seemed to you, you will start all over again with real money: you will learn again and significantly adjust, or even completely recycle the system. Because they did not work on themselves, but only learned how to operate with numbers. And knowing yourself as a trader happens only when the market takes your money. The money you have earned. The demo is suitable for testing and just to understand how to buy and sell, how transactions are technically carried out, to understand the risks in numbers, and so on. Explore the trading platform.
You can create a basic strategy in advance, but you can test whether it will make a profit only with real money. How can people not understand that it is impossible to develop a really working system on a demo account?! Each trader's system is based on his psychology, and it can only be understood by trading with real money. And even if the system showed thousands of percent profits on the demo, you will never get these figures on real money. Because you are a living person and you will not be able to follow the system in real trading as coolly as on a demo account. But, unfortunately, many still dispute this and try to prove that the demo is the way out. No way out!
We have proved everything to ourselves a long time ago.
They will check everything on their deposits — this is the best practice and the only true lesson.
Further technical analysis. If technical analysis in reality worked exactly as in theory, then trading would be a way to gain wealth for the whole planet. And since this is not the case at all, therefore not everything is so simple. The analysis does not take into account the psychology of a particular person, and there is no such accurate technical analysis that will reveal all the secrets of the market.
No one has figured out how the market works yet, otherwise there would be no market as such. Using only other people's best practices, you deprive yourself of the most important thing — the opportunity to acquire your own vision of the market, and in the future you will not be able to remove from your head the dregs that you lay for yourself as a foundation. If the foundation is so—so, then it doesn't matter how the house is finished, it still won't last long. Reading someone else's resource on the advice of someone there about how to do something like this - you will get valuable knowledge, but not a personal foundation for the house if you do not practice theory!
To get a solid foundation, you need to try to understand the market yourself. This requires practice, without other people's opinions about the magic of patterns. We do not write in the channel about what can cripple the brain and make the foundation fragile. But we have practiced a lot and continue to do so, so as not to be held hostage only by theoretical knowledge.
Each of us is gripped by a common weakness of wanting to get the pot, and we certainly would like to play every round in bridge. It is this human weakness, which we all possess to a certain extent, that becomes the greatest enemy of the investor and speculator and, if not curbed, ultimately causes his downfall. Hoping and being afraid to the same extent is a human trait, but when you allow hope and fear into the business of speculation, you face great danger because you get these two emotions mixed and in reverse proportions.
Well, it is very important to remember one golden rule:
Don't go into the market with a naked ass..., otherwise sooner or later he will use it.
