ClayTrader Mail: Ignorant Knowledge

Just because you have knowledge on a concept and/or topic does not mean you FULLY understand it. In many areas of life, this isn't a huge deal because it does not cost you any money to "learn more". This is not the case in the world of the financial markets. Whether you are trading stocks, options, futures, forex or cryptocurrencies, when you only have partial (ignorant) knowledge on concepts, it can prove to be very costly. Here's a minor example of exactly what I mean.