Why do successful traders keep making money year after year, while newbies lose everything within the first few months? What is it that most beginners get wrong? How do successful traders know what’s right?
My colleagues and I are often asked how to succeed in trading. In fact, we have been asked this question so many times, that I have finally decided to write a trading report; a report that will give you straightforward and easy-to-follow advice on how to become a better trader.
Unlike most trading advice articles, this report is written in a clear, plain-English manner. I am going to describe the very essence of the problem in a concise and coherent way. You will read about major mistakes that prevent traders from making money and learn the basic principles that took successful traders years and thousands of dollars to discover. All the facts in this report are based on years of observation and can be easily verified.
Have you ever felt like you have finally learned how to predict market moves after a winning trade? And then felt desperate only a few days later – after a devastating loss?
Now imagine the feelings of a trader who spends years studying price movements, buying expensive indicators, following expert advice, and attending seminars. Top Trading Online Suppliers However, this trader keeps losing money until all their savings are gone. He then raises more funds, loses everything again – all the time wondering why, contrary to all the guru promises, he can’t turn trading into a profitable business. Nevertheless trading is just as understandable, predictable and profitable as any other business.
Just imagine that after years invested in trading you still won’t be able to understand how markets work. How frustrating would that be?
Or even worse: what if, driven by emotions, you lose control and, as a result, all your savings? Do you have an emergency plan to protect yourself?
How quickly do you think you could recover from heavy losses, if at all?
Not only beginners but also ‘experienced’ traders tend to ignore or forget about taking steps to protect their capital against these types of catastrophes – until disaster strikes. By then it’s too late and the damage is done.
What Do These Statistics Mean for You?
The facts above clearly demonstrate that most people underestimate the risks of trading. In most cases, they are simply misled by advertising from brokers and consultants. As a rule, brokers don’t care about your long-term success because their goal is to quickly earn back the money invested in attracting a new customer. That’s why they want you to start trading as soon as possible. To achieve this goal, brokers provide beginning traders with minimum information that is just sufficient to make trades (and thus to generate commission that brokers live on) and let them fly blind in the market. Such unscrupulous practices have even drawn attention of various governmental agencies supervising and monitoring securities trading. Unfortunately little success has been achieved in curbing these practices.