This content is aimed at any investment you want to do, but I won't lie, I have focused it more on investing in the stock market or also called trading. But that does not limit you to read and share this post, as I always try to give maximum value to the content to be helpful to people. And I hope it will help you no matter what sector you want to invest in.

The pursuit of wealth leads us to make many mistakes that are impossible to avoid. Because these mistakes are necessary in every aspect of our lives, they are indispensable mistakes that allow us to learn and gain experience.

There is one unavoidable mistake, avoiding it will lead you to total failure, you just have to make sure you work on it in a constant and disciplined way to overcome it, it is called: UNKNOWLEDGE.

Yes, ignorance is the mistake to avoid. And how do you avoid it? With constant learning.

You've probably searched the internet for investment opportunities to become an extreme millionaire. You found things like: dropshipping, affiliate sales, content creation, real estate and the famous trading or stock market investments, among many others.

Let's clarify some terms, the first being what is investment?

Let us remember that investment is any activity that involves the contribution of a resource X in order to obtain a benefit. Resource X can be time, money, energy, etc., although the raw material for all resources is TIME.

The term investment has been wrongly associated only with money, as it is very common to come across thoughts such as: to invest I need money. Again, investing does not necessarily require money, it is simply a matter of looking beyond one's present possibilities and circumstances.

Whether it has the wrong meaning or not, the activity of "investing" is becoming more popular every day, especially in the field of trading. Attracting new investors in an unscrupulous way, playing with people's dreams and illusions, filling the pockets of a few. Investors who do not have the right tools have only a total lack of knowledge and the illusion of becoming a millionaire.

Never depend on a single source of income, make an investment to create a second source. Warren Buffet.

I will only refer to investing in the stock market and the lack of knowledge that is rapidly growing around this activity and trading. A lack of knowledge that many people refuse to accept in the hope of one day achieving their dreams. A hope that these investment groups, market intermediaries or brokers use for their own benefit.

According to both regulated and 'phantom' brokers, around 90% of people who open an account lose 90% of their money within the first 90 days. This means that the cause of such a large percentage of losses is due to lack of knowledge.

If you want to be a millionaire, don't let ignorance stop you.

People do not know where they are really investing, they live in the fantasy of the markets, they get carried away by how easy the tutorial makes it look. They think they can just read a book, buy a course, open an account, start trading and make money. Or that you can just use the apps that James Rodriguez recommends and make your first million dollars, or maybe you are better off with the app that Ronaldinho recommends.

It is as if a person dreams of owning a house and, by reading a book on architecture, has his house built the next day. Or pretending to be able to perform a heart operation by attending a 4-hour seminar on a weekend is not going to be possible. Professions such as architecture or medicine are extensive careers in practical theoretical knowledge; trading and investing is no different.

To invest in anything, even if you want to invest time in creating a tutorial for a video game, you have to break through all the barriers of ignorance. It's the same with investing, it has the same requirements as any other professional activity. You have to acquire a certain amount of knowledge in order to gain the appropriate skills, put that knowledge into practice and achieve profitability.

Gain knowledge if you want financial freedom

You cannot make money in the investment markets if you do not go through a process of learning and practising, these actions have to be done well. Unfortunately, many people, when they start this activity, do it from the action of hope, despair, illusion and ignorance. And many times they fall into all these bad practices because of the manipulation of their "group leaders", leaders who are only part of a pyramid system.

In markets in general, no one can predict what will happen. Now, if you can manipulate with inside information, that happens in any stock market. But more abuse occurs in unregulated markets such as: binary options, CFD's, synthetic instruments and something in the middle of Forex.

To invest in the financial markets, you need to understand who is involved and how they work. When you invest in the stock market, you have to think directly in terms of probabilities. And in order to identify these probabilities, it is important to have a good understanding of the various tools that make market participation possible. Technical and fundamental analysis help you take advantage of the myriad opportunities that the stock market offers.

Understanding what the market is saying will make trading more consistent. @ElSerMillonario

5 stages most new investors go through

What typically happens to people who start trading financial assets without any knowledge:

1. They buy a book or watch a trading course. They like what they read, see and hear; especially in courses, pictures and benefits are shown to motivate the new investor. But in reality, it's just to increase the economic performance of the brand or the academy or the broker; that's how they hook the new investor.
2. The motivation phase comes, they open an account and lose all their money. But they still like it because they got some positive trades, so they try again, get more money and lose it again.
3. The frustration phase comes and they start to feel the pain of losing money. Money that often comes from savings, so negative emotions become intertwined with the activity of trading, of investing.
4. Many have already given up investing altogether at this stage. If they continue, they start trading out of fear, frustration or irritation. Reaching the final stage of the investment dream. The ability to analyse a market under negative emotions is very difficult, if not impossible.
5. In the end, they desert and hate everything to do with investing. They are left in a state of financial death, with no aspirations. They return to a systematic life, limited to a fixed job.

The wonderful thing about this whole Welcome to Trading process is that if you have that passion for the markets, you will try again, but in the right way. I can tell you this from my own experience.

As the secret is not to predict the future movement exactly, you have to trade according to what is happening, assigning a probability to the price action. No guesswork, if you are going to participate in the market there has to be a reason why you have invested, what analysis tool has given you the opportunity to win. Nothing in the stock market happens by chance, everything has a reason.

3 golden rules a new investor misses out of ignorance

1. Lack of knowledge about risk management. Capital management. 
2. Emotional weakness that affects the ability to analyse. Failure to take advantage of opportunities. The inability to make the right decision for one's own benefit.
3. Improvising when investing. Not having a trading system.

Learning this set of rules and managing yourself to act in the right way in a real environment allows you to manage every action you take. As human beings, we have emotions that affect our performance, especially when making decisions; whether positive or negative, the emotional side is always present.

That's all for now, I hope the lack of knowledge will motivate you to learn every day. 

Discuss what other mistakes are common on the road to wealth.

See you another time.

Blessings and much success.