Wednesday, September 25

Journey of a trader

A goal of every trader is to achieve enduring success. It's hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, but one need not dwell on it. When one first embarks on a trading career, it makes little sense to immediately rule out the possibility of making huge profits. You don't know whether or not you will be one of the few who will make the grade. In the meantime, it's useful to focus on more short-term, immediate goals: you should focus on learning reliable trading strategies, building up trading skills, and identifying personal psychological limitations that may impede your performance. And perhaps the best piece of advice a novice trader can follow is to focus on the few key things that one is doing right, use that as a foundation, and then build up your trading skills, and your self-confidence, from there.
Even the least profitable trader does ..


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