9 Day Trading Rules On How To Become A Successful Trader
Trading is a great business! You don’t need equipment, machines, or even an office. Today, you can practically trade form any place with available Internet connection. You are not tied to a location, which means you can travel around the world while trading. And in the same time, you can earn pretty good income, if you are good at it. An there are so many thing you can trade… You can trade on any capital market – currencies on the FOREX market, stocks on the NYSE, commodities on the CBOT,… you name it. Trading is almost the same everywhere and it will always be a good business. But how to become a successful trader? Statistics are not really encouraging… Around 95% of all traders in the world actually lose money. If you start right now, there is a pretty ugly outlook for your future as a trader. Yeah, its really hard doing it, but many people achieve it! 5% of all earn consistently. A smaller percentage earn really well. But what are the main factors that make the difference between the successful and the unsuccessful trader? There is not an easy answer to this question. My experience show, that the main reasons for failure in trading are the lack of knowledge and discipline. There are some rules you need to stick to, to avoid zeroing your account. And here I will show you some of the most important ones. I came across a cool infographic where you can see some of the most important things and rules for being profitable in this field. The picture was created by “The Max Trading System” and contains some really good suggestions on the matter.
Some Rules That Will Make You A Better Trader