[Day 6&7] 7 Things To Consider When Trading
For the final day of this series, I will be discussing 6 & 7 from my article 7 Things To Consider When Trading. These next tips are dependent on your drive and will to succeed. This is something that comes from within. Any profession that has a high level of educated competition will require you to continue your education so that you're up-to-date with the industry. You will be trading against people all over the world. The best way to succeed is if you're smarter than them. You'd be surprised how many people blindly invest like their at the casinos. If you spend real time learning technical analysis and researching the companies your investing in, you will be more educated than 80% of the market.
Table of Contents:
- There is no shortcut to becoming rich
- Money Management
- Trading should be treated as business
- Capital is the key
- Protect your trading capital
- Continuous learning
- Keep going
Continuous learning
Markets are never stagnant and keep evolving depending on various factors including government policies, investors and so on. To ensure that you stay up with the changing market, we recommend you to keep learning every single day. The best approach is to become a student and have a learning mindset from the very beginning. If you stay at it, you will be able to learn new strategies which you can use to create a trading methodology that works for you.
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Every day is day one!