Busting the most popular trading myths,
As rewarding and interesting trading gets, it also comes with its
own set of risks. Most trading risks can be connected to the lack of sufficient
information to make a decision. This leads to miscalculated competency which is
directly proportional to loss of money. Diligent traders are in a perennial
quest to learn trading strategies from experts in order to enhance their
knowledge. Listed below are the popular trading myths busted for you.
It’s a gamble
Trading is most often compared to gambling as both activities
can seem similar for a person with very less insight about trading. Both
involve in placing risks on wagers. However, gamblers place bets whereas traders
place trades. Trading requires education practice and dedication, unlike
gambling. Gambling is filled with uncertainties but trading comes with a
certain amount of control over the probabilities. Whilst the odds are fixed in
gambling, traders have the flexibility to minimize the randomness with information
about the market. Apart from the risk factor, there is no similarity between
gambling and trading. Trading is a legitimate business for a multitude of professionals globally.
It’s not easy to trade by yourself
Entering trading as a novice could be confusing and scary with
risks and volatile markets involved. Many people are always looking for tips to
trade from someone else. They rather rely on other traders and brokers' advice
than confidently trade themselves. Learning a professional trading course like
the 4-day course Ettfos is currently offering, can teach you a comprehensive
and strategic approach to trading from the industry experts.
You need a lot of money to trade
Trading has gained the notoriety of being a rich man’s business.
Though having money at your disposal is advantageous, it is not a valid reason
enough to disregard trading. Most amateurs start off with limited resources.
One can still grow their portfolio with limited trading activity by generating
profits consistently.
Secret strategies
Most people think that in order to become an accomplished traded
one should know the secret strategies. The huge global market cannot be treated
as a code that needs to be cracked. The only strategy that will help you
navigate in the world of trading is the right knowledge and expert guidance. In
order to achieve success in trading, take up a professional trading course to
gain confidence and better insight into the industry.
You can’t trade if you work
This is absolutely untrue. In fact, most people get into trading
while having another job in order to make some extra money and create viable
business opportunities for themselves. Most
people start out as part-time traders with full-time jobs. Having a job is even
better when you venture as a newbie in trading, as you can have a sense of
financial security irrespective of the market trends. Once enough experience
and knowledge are gained you can transition into full-time trading.
Learn trading in Dubai with ETTFOS. We provide classroom-based practical sessions on how to expertly trade in Futures, Stocks, Forex, and Cryptocurrencies and introduce you to the world of trading at various international trading exchanges such as CBOT, NYMEX, COMEX, ICE, NYSE, NASDAQ, CME, LSE and many more.
We will teach you how to trade in commodities such as soybeans, wheat, cotton, coffee, sugar, gold, silver, crude oil, and various currencies and cryptocurrencies.
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