Trading is a Journey: How to Start Trading

 

When considering how to start trading stocks, indices, foreign exchange or even precious metals and commodities, it is important to remember: trading is a journey.It is not just a question of how to start trading, but how to start trading in such a way that you can learn the most important lessons as safely as possible. There are a few basic but important concepts that you should understand to get you started on your trading journey with CFI.Millions of people try their hand at trading the financial markets every year. Some never master it and end up walking away poorer than they initially started out. Those who fall flat have one thing in common – they do not take the time to master the basic skills required to navigate and thrive in the global markets.So, what are the basic skills that you must master before investing your resources into the markets?

Understand your personality in relation to money

 

The most important thing you need to know before you get started on your trading journey is – yourself. To set yourself up for success in trading, carry out an honest examination of yourself in relation to money. Do you fear losing money? Do you have a history of diligence and success in your other pursuits? Do you believe that you can make your fortune in the financ