Trading can be profitable but it carries a very high level of risk and can lead to loss of funds if you don't get your prerequisites right (trading fundamentals), which also involves studying the market, participants among others. The use of the demo account should be maximized with constant practice before committing real money.

 

Read or listen to the trading books compiled to help you have an overview and a better understanding of what trading is as well as the psychology behind it. It is also advisable for beginners to learn from other traders experience. 

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Trading psychology is a huge factor in trading as well as a traders mindset. You must be willing to put in the hardwork in order to achieve success. Some individuals get their degree in 4 years (more or less), building yourself to attain consistent profit that outweighs looses, takes time! Trading isn't any different as you have to learn before you earn, the practice account is one of your best bet!

 

You should also never trade with money you are not willing to loose. The first thing to keep in mind is to get the right trading prerequisites, which can be the 3M'S of trading (Method, Money management skill and Mindset) as they all go hand in hand.

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