Thursday, September 23

What is the starting point in learning daily trading?

From the onset I want to emphasize that there is no Holy Grail to become a trader of a capable day. There is no magical dust, no special pills, there is hard work, constant learning, and drives needed to be efficient and skilled in any profession. A novice trader does not need to invest his money in 4 or 5 courses at a cost of $ 10,000 or more. That is said, it is very unlikely that a beginner trader will learn to trade alone.

Why did you say that?

Great traders are not born with the innate ability to trade; They are usually talented individuals who work hard to master their trade crafts. To be sure, common sense and intuition have limited value in trade because the market operates on a series of different rules that are truly illogical. It makes novice traders in a difficult position, because he needs to study the reliable and tested trading system. The problem is that there are so many trade courses out there, direct trading rooms, and personal trainers are difficult to distinguish Purveyor Trading Education truly competently.

In my opinion there are a number of great trading courses out there, and the raft of trade programs that are not functioning and designed mainly to create income for program owners / sellers. Negotiating your way through this minefield can frustrate and if you make the wrong choice, it can disappoint.

My advice is to find some serious trading chat spaces and polls community chat board sites for their opinions about various quality courses. Many courses emphasize various aspects of trade and I suggest using a fixed course in the mainstream of trading thinking. I will not invest in a course that claims to have found a secret trading method, or promises that you will produce millions of dollars in your first year. Bombastic claims are tipsoff in the intention of the owner / seller of trade courses. You might make a living that is worthy of your first year, but millions?

To be clear, let me say this:

• When trade techniques have increased over the years, there is no revolutionary breakthrough in trade technology. The rate of return produced in the last decade does not completely deviate from the type of return that we see today.

• You will not produce millions of dollars in your trading first year. Most likely, I am happy to be able to survive the first year of trade. But if you are diligent in your learning and practice, you have a good chance to be successful, even in your first year.

The second component, and maybe the most important component of learning to trade, is finding or hiring a mentor. You can shave years of experience from your learning curve if you have a confident and concerned mentor. Again, you will buy the same problem find the mentor because you will find a trade course. Really Scads from Gurus Trading that claim they can trade miracles if you hire it. Let me make one point really clear. With some exceptions, every trader who does not trade full time but instead of a mentor must be suspected. A large amount of money can be made by talented traders, and it is unlikely that truly talented traders will sell mentoring programs when he can make murder on the market. The logic is really that simple.

However, I was guided 25 years ago by retired retired traders. I still use a lot of techniques he taught me, and the psychological discipline he wore for me has been very valuable. He really knew what he did, and I really appreciated the time and effort he took to help me become a better trader.

Good trading courses, better mentoring.

There are also some very good direct trading spaces which are around $ 100 per month. You can learn a little in this trade room, but most are dedicated to Com trade courses