In this day and age, we have tools for virtually anything. We are used to having gadgets and automated processes all around us. It is hard to imagine that we should live without our smartphones and without all of the alerts that we have right now.
But even with everything that the progress has given us, we hesitate, and we are scared of trading. And that is a wonder to me – it seems that all we have to do is make the decision and the machines are going to do everything for us. But still, we are scared of trading.
But why?
1. We trade without trading signals.
2. We learn about trading through movies.
3. We invest too much at once.
4. We think trading and gambling are similar.
5. We fail to study.
1. We trade without trading signals.
Trading signals, like the ones at toolstrades.com, for example, were invented for a reason – to make your trading easier and fear free, but still, thousands of traders rely on their own knowledge of the markets rather than trading signals, generated by analyzing dozens of conditions and making a perdition for a particular situation.
Trading without trading signals is for sure is scary. That is why I recommend you get you trading signals right here and never be scared ever again.
2. We learn about trading through movies.
Movies do not exactly portray trading for what it is – an interesting and extraordinary way of earning extra money. It is just another way of making your living. But how do movies portray it? As something speculative, difficult and filled with complicated ad difficult words. And that is not entirely true, is it?
Of course, learning about trading through the eyes of film makers is going to bring to all the wrong conclusions. But in reality trading is entirely something else. And we have to understand that.
3. We invest too much at once.
The more money at stake, the more scared we are going to be. And how can it come to a lot of money being at stake? If you invest too much of it at once. Surely, it seems that the more you invest, the more you can win in the end, and while that is true, you are also risking it all.
Losing all of your money or at least a large amount of it all in one trade is for sure is going to make you fear trading. How does one deal with it? Just do not invest too much at once – it is pretty simple.
4. We think trading and gambling are similar.
You have to understand that those, comparing trading and gambling are wrong. Your success in gambling is based solely on luck. Your success in trading, however is based on your knowledge and on your skill. Gambling is risk only, trading is just risk high. And that is the core distinction between them.
Comparing these two is totally wrong. And while a lot of people are making the mistake of comparing the two, we know that it is wrong and quite far away from the truth.
5. We fail to study.
When we graduate from university or college, we think that studying is over. But when we start trading, we understand that it is far from the truth. And often, our laziness is getting the best of us. We fail to learn and study and, as a result, we are getting scared of trading just because we know so little about it. But the more we learn, the better it becomes.
Failing to learn more about trading is going to make trading a mystery, and we are always scared of mysterious things. It is lifting the air of mystery from trading that is going to help you in the end.
