How you learnt trading?
I am good with equity investing would like learn trading. There are a lot of resources and scam shops to teach. I don't want to fall for any con so asking you expert to share their firsthand experience. Thanks in advance.
If you are asking this question, then maybe you shouldn't trade 🤔
Why do you feel the need to trade in the 1st place?
Because ....
1) I have time to learn new things.
2) I am young I have risk appetite, can bare losses.
3)It took 3 Years to get 43%return. That doesn't mean I will leave investing.
Why not invest the whole amount and in your free time, try something which is scalable like a business or a startup?
Here are a few things you might want to consider:
1. In Wolf of Wall Street, they earned money from commissions. So do the fund managers and brokers.
2. Even if you are able to consistently make money by trading, will you be able to scale it up? Let's say if you are comfortable risking and losing a couple of thousands in a month, will you be comfortable in risking and losing a couple of lakhs a month? Similarly, would you be comfortable losing a couple of tens of lakhs a month?
3. There will be lots of people claiming to be gurus and try to teach you in youtube/masterclasses/seminars etc etc. If their strategies were so successful, why not make lots of money and become fund managers etc? Why bother teaching on youtube? Coz their primary earnings are from youtube and such courses.
Eithet it is trading or equity investment, you must be active trader/investor. In trading your risk amount should be max 10% to 15% of your principal/equity. Malkanaview is quite genuine and applicable in both share market or forex trading because his focus is on technicals of charts which applies to all tradable products.
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