Hello Everyone
Can anybody suggest me that how to trade without facing any risk because i don't have much experience so suggest me tips for trading.
Thanks in advance.
Hello Everyone
Can anybody suggest me that how to trade without facing any risk because i don't have much experience so suggest me tips for trading.
Thanks in advance.
Trading involves risk, just like everything else you do. If you go to a local shop you take a risk of not being hit by a bus
When you trade it's vital that you learn to manage risk properly.
It is the right of every trader that he must be get regular small profits. If any trader want to get high profits in one time then he may be goes into high losses due to high risk.
All trade carry risk , and you can reduce that risk by doing good research and analysis .
I totally agree with KIP that there will always be risk in Trading, you can play it really safe but the return would be marginal . it will come down to what you are looking for short term or long term.
A Few site offer trading platform for people to learn, and in ti you are credited with 10-50k mock credit to allow you to trade and test the system.
you can trade with it without losing any money.
Sign up for a few Demo or practice account, which some site is offering . for a very low fee or no fee you can test out your skill and learn from it , without losing any money.
Get yourself one of those Demo account and you can trade for free and not worry about losing money, is fun and you can use it to learn how to trade, but is not the solution as when it come to real money you would most likely act in a very different ways as the conflict of interest factor come in.
You can plot your own graph and paper work with a mock setup yourself. This way you can also understand the market more and you can set any amount of limit that suit yourself.
i suggest you start with maybe what is in your bank account. the problem with demo account is that the amount of money on it is always 50k - 100k which most starter would not even put in anyway.
Risk is what making you money. No risk or low risk = less or no money.