'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Sunday, May 27, 2012

Count down 3, 2, 1 to be a trader!

3) Focus on the psychology and mental skills that are necessary to succeed in the market. Learn to read the market charts in terms of the psychology of the other traders.

2) Learn about risk control in depth. What this really means, options available to you, how you can marry it up with your financial objectives in the market place etc.

1) Only when you have the above dialled in should you investigate ways of putting trades on in the most advantageous positions to generate the returns you are looking for.

I think if people were to count down 3, 2, 1 there would be many more successful traders.