Recklessness isn't that suitable for trading. Tight risk management is key. Good education, an mentor, big capital (at least 150k) and the right trading tools (fast and real time data feed, level 2 or total view etc etc).
first don't sink in to one thing to dip, not every method or tool will fit you, try to find what area you like and good at- price action, TA, volume ec. I recommend on Bookmap, because it fits my trading and upgraded it a lot, it helps me understand price movement and big hand activity. so, you need to find your tools, it's easy to get lost in all the info out there.
%% Sounds like a better than average library; some have little or no TA...………………………………………………………………………………………………...
Late to the party in this thread...But my same advice. Read the first few chapters of "The Millionaire Next Door". It has been a New York Times best seller and still holds it weight...The numbers are different, because the book is older. But the concepts are still correct!! The book is much better...But if you do not have time you can watch this. I would watch the first 3 or 4 points two or three times. THEY ARE IMPORTANT!! https://www.google.com/url?sa=t&rct...=Hxi2JzI3dJc&usg=AOvVaw299q2qT8zWLtHLKBh8xXpw
amen to that. Recent research in Europe concludes that the lower incomes relatively spend more money on lotteries and for examples horse races compared with higher incomes. It is simple statistics.... Trading on the other hand is (within the right risk management framework and a proper trading strategy) not gambling at all.
%% Amen to that, Sander1987/1999. You know a lot of inVestors made/make millions with regular inVesting in good mutual funds + stuff like SPY, over 40 years or more .Just like William O Neil + Dave Ramsey says. Many market makers haVe done well [daytrading], but anyone can inVest.,
The best advice for a beginner is to LEARN and take it seriously! The best place I’ve found is Babypips school. Don’t want to take this long to learn? Cool! Just know you will never have success in this market if you can’t be bothered to do the base minimum to learn how to do it. Get used to failure.