How to Become a Trader - Initial Tips !!

How to Become a Trader Depends on YOU!

It depends on how much you want to invest in time, money, learning and frustration until you are eventually satisfied with your efforts. Nothing beats the sense of achievement every time you trade successfully and the more consistently you trade profitably the 'better' you become at it. Success often breeds success and this is especially true in the forex market.

Anyone can be a trader but what about a profitable trader?

A Profitable Trader is therefore, what you want to become. Well, as with most things in life, profitable trading does not come through luck and 'Fancy Systems' - although these sometimes help! It comes from perseverance, trial and error and most of all a belief in ones abilities.

This is not some 'revved up pep talk' but a fact. I have never known a successful (profitable) trader that didn't believe in his/her own abilities. Please don't confuse this with arrogance - it's not, what it is is 'self confidence'. If you are not confident in your own abilities then how are you going to be confident in the trades that you make let alone anything you do in your life.

The First Tip:

The first step therefore is to look at yourself truthfully. Ask yourself these vital questions.

I. How do you cope with failure? Each position where you lose money on is a failure and you will have many of these.

II. Are you a risk taker? If not then don't trade, as you will be taking risks every day and some will involve the loss of you own money.

III. Are you a fast learner? You will need to be otherwise you will run out of money and lastly are you in this for the long haul and truly want financial independence?

...You Need to Answer these Questions First!

I apologize if I appear to be a 'devils advocate' in this article but is essential if you want to become a successful trader.

There are other skills that you must learn on how to become a trader - you will need to sharpen your edge such as acquiring a detailed knowledge of the forex market, for example, pips, spreads, technical analysis, trading platforms, trading signals and fibonacci retracements and so much more. You should immerse yourself in joining forums and 'preparing' yourself for success. Do not dive in at the deep end before learning to swim!

...To find out More how You can Become a Profitable Trader on a Consistent Basis, Please Visit Here! - You Will Learn Valuable Ways and Tips to help You Make Money Trading the Forex Market!

To Your Online Trading Success,
A Professional Forex and Stock Market Trader
Dan A.


Michelle Boswell said...

I enjoyed your site and I would love to speak with you about possibly working together to help us both
be more successful and make you more money, without you having to lift a finger. If you are interested in speaking please give me a call. We have a lot of great material that I think your readers would appreciate you introducing to them. I can set you up with a staff membership of our products first so that you can see what we have to offer. Best of all this is not costing you a thing in fact every month you will make extra money

Do you work with any strategic partnerships? If you have a chance you could send me over your ad rates as well as some traffic statistics.
I know you are busy but if you have a chance take a look at our site and let me know what you think.

I look forward to hearing from you,

Michelle Boswell

Partner Relations
1800-538-7424 ext-128

designercloth said...

I read your blog. and i like it. if you are running your own business than is an innovative and comprehensive online business-to-business (B2B) portal, It gives us an immense pleasure to introduce the much awaited complete business solution services i.e. for the first time in India to esteemed organization like your’s.

Do visit us on following :
214-205, Advait Complex,
B/s Sandesh Press,