Nowadays, we’re seeing many successful traders keep making money year after year, while newbies lose everything in the first place within the first few months. Most traders can trade flawlessly and effectively throughout the day like a pro, including beginners. Statistics says, over 80% of intraday traders are losing profusely. What is it that gets most beginners to go wrong? How do good traders know exactly what’s right for them?
Those who might be curious to know how to rise to the challenge to succeed in trading, we’ve finally ended up deciding to write a trading document. A fact sheet that might give you a clear, concise and easy-to-follow guide on how to become a better trader for good.
We’re going to explain the very essence of the particular issue concisely and consistently. Users would then able to read about stupid mistakes that prevent traders from making a profit and understand the correct core principles that have taken successful traders decades and millions of dollars to uncover. All the facts of this document are based on hours of analysis and observation and can easily alterable.
Before jumping, let us ask how many of you have begun to feel as if you’ve finally understood how and when to anticipate market movements within a week of winning trade and then felt so hopeless only a few days later, after a hurdling loss?
Now visualize the feelings of a losing trader who spends decades practising market volatility, buying overvalued indicators, continuously following expert advice, and attending workshops and seminars. Even then, those traders remain bankrupt until all their investments exhaust.
Those losers then raise more money, end up losing everything over and over again all the time, and they can’t turn trading into a profitable business. Imagine, after years of trading, that you are still not able to understand how the markets work and you are losing control and savings. How frustrating would that be?
Remember, trading is easily understandable, predictable and profitable for both beginners and experienced, and it is a must to incorporate patience and due diligence in between. We’re going to share with you the 3 most important steps for protecting your precious capital and creating the most favorable conditions for a profitable and consistent trading strategy.
Don’t Trust Anyone
Seriously, we can’t help but get mad at what makes an intellectual business nerd blindly believe trading nerds despite knowing that these nerds are nothing more than a fraud. However, our suggestion to those currently investing in the trading world is that no one is your friend, so don’t believe anyone, not even yourself in today’s crucial market scenarios. Only assume like you’re the only individual responsible towards your setbacks and accomplishments in trading.
If you fail, it doesn’t matter. But at the very least, if you have a trading idea, you must first implement it right away and see how it works because all the untested assumptions and approaches cost too much and you can’t afford it if things go wrong. So always open your senses when concluding. Trust the statistics, not what others are saying.
Learn From Pro
When you are interested in making money, it is more beneficial to analyze the tactics of such large investors who like to withdraw money from the markets every year. That is a challenging subject, unfortunately, to find such knowledgeable people these days. Most of the gurus you reach will assure you that they have succeeded and that they can order the trade for fun and pure benevolence.
Such a successful and experienced person is an available teacher, do not ignore even additional education during your working career. Whether it is online and in-person, the specialised seminar can be useful and can provide valuable insight into the overall market and specific investment strategies.
Automate Trading
It is a well-known fact that sometimes a sure signal is definitely not enough to dominate the market even if you have a strategic plan on your side. Recent and latest trading techniques require an absolute upfront cost, which is especially important in high frequency trading. The human reaction to these markets is not fast enough to respond to price fluctuations as they would happen in nanoseconds. At the same time, the cost could skew more points, due to a lower profit or perhaps even a loss.
There’s no point staring at your computer all day just because you can’t miss a good trading opportunity. Let’s ask, what if you were tracking dozens of instruments? Instead of just wasting your time, you can use it to research and improve your working methods. This way the trading becomes more exciting and less tedious, which is especially crucial if you decide to spend most of your time in the trading world.
