CONCEPT 1: TRADING IS A FAST MONEY MAKING JOB

Truth: Trading is about losing money.

This is probably the most common misconception, and most people who enter this market are due to this same thought. High risk, high return, villas, supercars, etc ... The prospect of prosperity always clings to their brains to enter the market before they get a string of losing orders, then they realize the reality.

Trading is a job in which it is impossible to let the lost amount be larger than the amount you earn. To make money in this market, you must know how to manage risk, manage capital. If you want to go far, the more you must know how to protect money by waiting and being patient with the constant temptation of the market.

Entering the market you are entering a war, not just a war with other traders but also a war with yourself. And the war with yourself is the most important one.

CONCEPT 2: YOU MUST BE GRADUATED FROM IVY-LEAGUE SCHOOLS, MAKE WALL STREET BECOME A REAL TRADER

Truth: Being a Trader doesn't have to be smart, Trading is more about skill than math.

Trading is not just for math geniuses who can sit down, code out magical algorithms. In fact, over-analyzing people often lead to overthinking, and over-thinking leads to extreme emotions, which is bad for trading.

The best way is to have a combination of having a good feeling and being able to analyze trading. Having good feelings will help you come up with trading ideas and help you reduce trading execution. Besides, the ability to analyze will have the task of rechecking those ideas, to create a balance in trading. When a trading idea includes a feeling of goodness and logic based on your analysis, you start trading.

Degree, IQ is not a necessary factor to enter the market. Good traders are usually self-control. Even if you read a lot of books, with an IQ above 180, you still lose money as usual.

CONCEPT 3: YOU NEED A LOT OF MONEY TO MAKE MONEY FROM THIS MARKET

Truth: Real traders can make money regardless of the amount of money in their account.

In fact, when entering the market, the more capital, the faster the account burns. Trading plans, skills, and trading psychology are suitable for any amount of capital, big or small. Therefore, it is best to start with small money and hone your skills. Making small money from steady small capital for a year or more, very few people do.

CONCEPT 4: TO MAKE MONEY, YOU HAVE TO KNOW WHERE THE MARKET WILL GO IN THE FUTURE.

Truth: You don't have to know what is going to happen. You just have to accept that nothing is certain.

Probability is the fundamental element of trading. There are thousands, even millions of reasons that affect the market at any given time, so the price can fluctuate up and down arbitrarily even if you are 100% sure.

CONCEPT 5: YOU MUST HAVE A HIGH RATIO TO MAKE MONEY IN THE MARKET

Truth: Instead, you should maximize your profits for each trade.

You've probably heard of R: R risk-to-return. You do not need to win any command or work hard to find a method to win 80, 90%. For example, you just need to find a method with an R: R ratio of 1: 3, lose 10 $ and win $ 30. Thus, you only need a 25% win rate to make your capital even, 27% of your win rate to make a profit (deducted spread and com).

From the rate above, with 100 orders. Only need 30 winning orders. You lose $ 700 but make $ 900. So you can make a profit of $ 200 even if you lose money.

With an R: R ratio of 1: 2, you only need to win 35%. Not having to work hard to find a super high method to win 90%.

CONCEPT 6: YOU CAN MAKE MONEY ONLY WHEN THE MARKET TREND AND TREND

Truth: If you understand price action, whatever the market is, it is a game.

This is my rather subjective judgment. Because when you master Price Action, you can make money when the market is trending, when the market is sideways, when the market is in a range, or when the market creates a huge forest of candles, you can still make money.

CONCEPT 7: TRADING IS THIS POST

Truth: Yes, if you keep up with that

Ultimately, this is the biggest misconception about Trading. It is often equated, like any other financial market, to gambling. It is also true that if you want to play betting then this market is right for you. However, you can still elevate to a more professional level by persistently pursuing, studying seriously.

CONCLUDE

If you really see Trading as a profession for a living, then you need to love it. But love is painful….



▶️Telegram : https://t.me/cryptostationchannel
📚Edu Station : https://t.me/educryptostation
⛑Support Form : https://forms.gle/q6J62HiZmoW8pKwK8