Trading is a very complex undertaking and if you miss one element you will likely eventually fail in this endeavor.
Here are the four different elements we must have working for us for success in trading:
The Knowledge
If
we don’t do the homework to know what we need to know we will fail due
to ignorance. Understanding historical price action, reading books by
and about the best traders,
seminars, mentor-ships, and systems testing is all part of the homework we must do to get the needed knowledge.
The Resources
While
trading with a small account is a good place to start it is not a good
place to stay. Traders must be adequately capitalized for meaningful
trading. We must have an affordable ..
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