Started from the Bottom Now You’re Here
Contrary to what many might think, successful trading does not consist from expensive courses and a fortune as your capital. What do you need to do then? What is the secret to succeed in trading? Well, the answer consists of several key points:
- Trading is a business, so you should treat it like one. First of all, jot down a business plan draft that will include charts, strategies, instruments and live economic events and news.
- Set yourself a goal, preferably a realistic one, where you decide how much money you want to make. The most important thing is to set not one but two goals, a monthly goal and a yearly goal. That way you'll have better idea as to how you're progressing throughout the time.
- Keep a written record of trades you made in order to learn what worked and what didn't. That will give you an insight as to where you are and the progress you've made towards your goal. In addition to that, you'll be able to add insights that can later be added to your strategy to make it better and more efficient.
- Follow only several media sources so that you won't be overwhelmed from the unbelievable flood that this field produces every day. Choose a few media channels you trust and that's it. The best thing to do is to sign up to a daily newsletter with the latest real time news, that way you'll be updated on the most important things that happen in the market as they happening.
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