General Educate yourself before starting to trade.

[fxpriest]

Educate yourself before starting to trade.​

If you rely on luck in your trading with no system and random entries and exits eventually your luck will run out. You should never be placing real money at risk in the market until you educate yourself on what works and what doesn’t over the long-term through most market conditions. Traders need to know what their edge is in the markets and how they will be making money. Discretionary traders need a consistent strategy for making money and mechanical traders need a quantified system with an edge.

 

[liaw1990]

Educate yourself before starting to trade.​

If you rely on luck in your trading with no system and random entries and exits eventually your luck will run out. You should never be placing real money at risk in the market until you educate yourself on what works and what doesn’t over the long-term through most market conditions. Traders need to know what their edge is in the markets and how they will be making money. Discretionary traders need a consistent strategy for making money and mechanical traders need a quantified system with an edge.

Exactly.