The idea of making money is a lot harder than it sounds, this is why less than 2% of the world’s population is rich. So I guess my advice would be one I followed myself. At first I traded and bought stocks, sold forex etc. And let me tell you, being in the business of losing money sure didn’t feel too good. So after you’ve tried everything, and believe me you will. Let someone else either trade for you through a managed account or just invest elsewhere.
I’lll be sure to post some info on some good places to start. Don’t remember the urls of two places I have in mind now but I’ll post at a later date. (google helps my brain) In the mean time you all can post other firms or groups which take the pressure of making money. Thanks for reading.
Really depends on how bad you lose.
Personally, I'd just take a break.lol
i think first of all one should take a break fom market. close all your communications with market, dont watch market quotes at all.
once you let your mind rest it will automatically tell you the mistakes you had done. but dont just jump into markets after that, try and read as many books as you can about markets . My advice would be to learn as much about technical analysis as you can because we loose money only when we trade, fundamental analysis believing people would never accept loss coz. they will keep holding their stocks whether they turn into profit or loss as legendary WARREN BUFFET says that his time for holding stocks is forever.
once you have learnt technical analysis start with very small capital, suppose you have Rs. 100,000 then start with just 10000 and keep a stop loss of 10% on your every transaction, dont think about profits. artists are never intrested in wealth they make out of their art, they are just passionate about their work similarly traders should be just passionate about trying to be on the right side of market, wealth will follow.
and yes one more thing. once you have a pofitable tade, apply the principle of buy & hold, dont sell until the trend really changes.
i am telling you all this because i had aso lost to the market but later found out that it was my mistake that i had not understood the rules of market and since then i am making money
BEST OF LUCK