Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting loss to gain trading consistency is an interesting paradox. Every good trader endures loss. The difference between a successful trader and failure is understanding how to handle loss. Whether we choose … Continue reading Accept Losses and Become a Consistent Trader
Without a trading plan, successful trading is unlikely – you’re effectively driving blind.
The problem is new traders fail to recognise the significance of a trading plan. This may address why many traders find it difficult to accomplish their goals in this business.
Over the years technology has revolutionised our world, creating irreplaceable tools and putting useful information at our fingertips. Thanks to these technological advances, it’s easier than ever before to participate in the financial markets. Despite this, novice traders remain vulnerable to costly mistakes. While some trading mistakes are expected, it is vital you don’t make … Continue reading 5 Common Trading Errors and How to Avoid Them
Markets can remain irrational longer than you can remain solvent – John Maynard Keynes. Like exercising, money management is a concept most pay lip service to, but few unfortunately practice. Just like eating a healthy diet and staying actively fit, money management can seem a laborious, disagreeable motion. It forces traders to monitor positions and … Continue reading Approaching Money Management – A Vital Component
Over the years technology has revolutionised our world, producing invaluable tools and putting useful information at our fingertips. Thanks to these technological advances, becoming a professional retail trader is a possibility for all. Becoming a consistently professional retail trader, however, is another thing entirely. Trading is a demanding career choice and requires a specific skillset, … Continue reading Become a Professional Retail Trader in 2019
