Hey there! Well, you must have heard many people talking a lot about trading, is it not so? Perhaps you have someone close to you who always comes home saying, “I made so much of money trading today” or “I will be a millionaire from my trades”. But does trading actually operate as such? Is it actually possible to earn big money through buying goods such as stocks, forex or various cryptocurrencies? So let’s get into it and I’ll explain what I have learned in very basic terms.
What Is Trading?
Let’s start with the basics. Trading is a process of buying and selling something it could be shares, bonds or even digital currencies such as Bitcoin. The concept is that you purchase something when it is less costly and sell when is more costly to make a profit. Sounds pretty easy, right? However, wait a minute, it is not always what it looks like.
Trading demands patience, knowledge, and a disciplined attitude to succeed, as it is not a get-rich-quick plan, but rather a path of learning and development. Angel One is an excellent companion for your journey, providing beginner-friendly tools, instructional resources, and a streamlined trading platform with expert insights to help you trade smarter and make more informed choices. Open an account with Angel One– Click here
Journey Into Trading
Thus, a few months ago, I saw a video with the words, ‘You can earn thousands of dollars trading!’ That got me super excited. I thought, “Wow! This can make me earn the equivalent of a millionaire within the space of a few months.
To begin with, I began with capital of about Rs. 8,000 which I had saved initially and when buying shares I normally used a quarter of the amount required for the purchase of the share as the money requirement of the share was very high at that time. I told to myself, “If I can trade well, I can get Rs. 10,00,000 out of Rs. 8,000”. But, guess what happened? I lost a lot of money. And not a little bit – I ended up losing it all.
My first feeling was disappointment and confusion. I asked myself, “Why didn’t it work?” What anxiety issues might someone have – “Why didn’t I make a lot of money?” But then I found out that trading does not make you a millionaire overnight. It is not easy and it calls for a process, a lot of understanding, even more time and practice.
If you think you will be getting a lot of cash within the year or even within a month it will not come easily right? Maybe someone you know is always saying, “I made ton of money from trading today!” or “I’m going to make millions with my trades!” But does trading really work like that? Can you really make a lot of money by just buying and selling things like stocks, forex, or crypto? Let’s dive into it, and I’ll tell you what I’ve learned in simple words!
The Big Mistake I Made
Many people believe they can easily earn big profits with minimal risks and obtain sufficient knowledge in week. But that’s not how it works. At the beginning, it is for this reason that you must expect to be making some losses in some of the investments. It’s totally normal. It’s like riding a bicycle – you’re going to find yourself falling down a few times before you get it right.
Why Does Trading Take Time?
It is in this context that many traders find themselves surrounded with the questionably asking, ‘If trading is so awesome, why does it take forever to make money?’ Well, the answer is simple – the market is unpredictable. Stocks or any other market that people engage in has to be dynamic all the time. All of a sudden there are price increases or decreases and you don’t know what to expect from the next day.
Some traders even make good profits trading after three to five years. Oh no, you read it correct – five years! However, that doesn’t mean that you cannot make money without it taking ages. Yes, some do, but it’s random and doesn’t happen for everybody. Some of the best traders who achieved excellent results on the trading terminal test also have negative numbers in their accounts. It’s really all about trying not to repeat the same mistakes over and over again and to improve day by day.
How to Start Trading Right Way
Okay, so now that you understand, and have made up your mind that trading is not the way to make quick, fast bucks. But if you still want to give it a try, here’s what you need to do:
Start Small:
This is a very important piece of advice, which doesn’t allow to invest all the money in trading at once. Because this is a speculating game, you should begin with capital you can afford to lose and is not heavily invested in. This way if things do go wrong, you at least know that you’re not completely wiped out.
Learn First:
Hear this, before engaging in trading, ensure that you master in all you need to know about it. As for such information, there are many videos, books, and online courses that can help to start with the basics. It’s definitely an advantage if you are knowledgeable about stuff but you don’t really have to be an expert.
Be Ready to Lose:
That’s why you should be prepared to initially invest some and even potentially lose money. In fact, it is quite natural if one has to lose some money right in the initial phase of the process. The important thing to stay here and not be with hopelessness. That is always important and have always been well implemented; do not ever stop learning from your mistakes and keep making adjustment even though they may not necessarily be very significant.
Don’t Be Greedy:
It is always tempting to look for the biggest profit in a short space of time but then again trading is a long-term affair. Do not over push it, this is a sure way of making things difficult for yourself. Do not rush into it and use your profits to compound.
Create Another Income Stream:
Hence one should not completely depend on trading for his means hence take time. When you are learning and practicing, there should be something else to earn money, for instance, a minimum wage job. This will help you remain as least anxious as possible and continue on without over-thinking about trading anymore.
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Conclusion
So, does trading actually work? The answer is yes—but only if you approach it correctly. If you go in expecting to make a fortune in a few months, you may be disappointed. However, if you treat it as a business, learn from your mistakes, and practise patience, trading can surely benefit you.
Remember, it’s not about getting rich immediately. It’s about learning, growing, and making wise choices over time.
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