Unsuccessful traders are obsessed with market and data analysis. They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying create (the illusion) of certainty where it just doesn’t exist.… Read More »
There are hundreds of trading styles out there. There are dozens of markets to trade. There are multiple time-frames to trade on. But there are only 2 kinds of traders that are making any money. And the only question you need to be asking yourself is: am I one of them? If you are one… Read More »
The Stock Market has rewarded many who have shown patience, good investing practices, and the lack of emotions. On the contrary, the market has punished those that have made their decisions haphazardly, or because they were advised to do so by a ‘friend’ or ‘colleague’. The stock market is not just all about profit but… Read More »
Failing to Control Risk If you were to engage in something risky like skydiving, you or a team would check your parachute to be sure its packed properly, strapped on to your body correctly before you jumped out of the plane. If for some reason you were not told how to use the gear, like… Read More »
Shared by RAJ Your ego will fight you and probably win in more ways than you can imagine. Youíll know the right thing to do, whether it is getting out of losers or adding to winners, yet you wonít be able to act. Often you will do the opposite of what you perceive is the… Read More »
A goal of every trader is to achieve enduring success. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, but one need not dwell on… Read More »
Everyone comes to the forex market for a reason, ranging between solely for entertainment to becoming a professional trader. My experience tells me one of the biggest issues with Loss making traders have is the ever present ‘Need to be right’. Why do we feel the need to always be right? Being right is something… Read More »
Its a Known fact that 90 % of traders lose money in markets, only a very small proportion of day traders makes money year over year. This is a staggering statistic and one that is echoed around most of the financial markets of the world. But why do so many people fail in the financial… Read More »
Many traders whom i have interacted during my Trading Sessions have one question in general “How much money do I really need to begin trading for a living?” I would then reveal the long-awaited answer Determining the amount of money you need to start down the path of trading for a living is a… Read More »
To see things as they are and not the way you want them to be requires good vision and a reasonable intellect. Actually, it is better if we have no intellect working at all. This test will illustrate what it takes to be a successful in Stock Market. Start with the vision test. Keep this… Read More »