Many aspiring traders seem to think that they won't be able to trade successfully or take advantage of potential trades if they are not in front of their computers 8 hours a day.
There is no doubt that
most aspiring traders focus much of their attention on how much money they can make, when their primary concern should be developing as a trader.
Most
aspiring traders just jump around from one trading strategy or system to the next, never really giving one enough time to truly master it.
It's probably safe to say that most
aspiring traders decide to trade for a profession with money and time freedom in mind.
In essence, you need to build your Forex trading skills on a solid foundation of education and study, without worrying about money or being greedy, if you can manage to do this you will be light years ahead of the masses of
aspiring traders who don't follow some kind of structured trading education course or concrete plan of action.
From my experience of working
with aspiring traders, it's become obvious to me that whilst most traders are aware that psychology is an important factor in trading, very few of them focus on it enough.
Most
aspiring traders greatly under - estimate how important risk control is in trading and it's here that The Elite Range Bar System truly shines.
I get a lot of emails
from aspiring traders who tell me they «need» to make money in Forex for X, Y, or Z reason, and I respond to them all the same way; until you figure out how to remove your «need» to make money in the markets, you will never make the money you so badly desire.
Nial's current activities include trading Forex, Futures, Equities and CFD's as well as providing coaching for
aspiring traders via the Learn To Trade The Market website.
In my experience,
aspiring traders tend to give back their profits shortly after big winners because markets often consolidate after making big moves.
My aim for this course is to
enable aspiring traders to become independent and capable traders, and not to trap them into paying me more for personal mentoring.
10) If you could
give aspiring traders one piece of advice about emotionally handling the market what would it be?
I have a large variety of traders, from old timers like myself as well as many new and
aspiring traders who want to improve their trading results.
Thank you Nial for yet another thought provoking article, you always seem to know what it is
aspiring traders need to hear, our job is to learn from it, i hope we do, so we are able to make 2011 our most successful yet.
I call «
an aspiring trader» anybody who is still learning to trade and has not yet been profitable at year's end.
With uBinary broker, trading in binary options is not as hard as
some aspiring traders are tempted to think.
Once I peeled off all these indicators and swore them off forever, I began trading on simple price action strategies, these are the same ones I use today and that I teach to
aspiring traders, granted I have definitely tweaked and refined them, but the simplicity remains, because it works.
Oh how I agree with this Nial I hope
every aspiring trader takes note and takes thes points onboard, if I had this article years ago it would have saved me tons of money........
I call «
an aspiring trader» anybody who is still learning to trade and has not yet been profitable at year's end.
Once I peeled off all these indicators and swore them off forever, I began trading on simple price action strategies, these are the same ones I use today and that I teach to
aspiring traders, granted I have definitely tweaked and refined them, but the simplicity remains, because it works.
Taking a cue from the Brexit itself, the lesson for traders or
aspiring traders is simple: wanting (or needing) to get out is very different than the mechanics of doing so.
I've spoken to many
aspiring traders.
I have to compliment you on the brilliant way you have simplified what can appear like «trying to knit fog» to
the aspiring trader.
The audience giggled upon Jack's second question, which probably suggested that this example of
a aspiring trader is a common occurence.
Only a serious and
aspiring trader will hold on to this wonderful piece.
Trading a simple forex method such as price action analysis is the very first step that
any aspiring trader should take if they truly want to excel in the utlra - competitive Forex arena.
I have just finished reading the YTC PAT all 6 volumes, plus FAQ's and I have to compliment you on the brilliant way you have simplified what can appear like «trying to knit fog» to
the aspiring trader.
Hi Nial Hit it right on the head, probably the best piece of imformation you could give to
aspiring traders.
I'm
an aspiring trader and I have been paper trading for a few weeks.
The book is written to accommodate
all aspiring traders who aim to go professional and who want to prepare themselves as thoroughly as possible for the task ahead.
The author finishes up his book by asking many professional traders and some that are successful private traders what one advice they would give to
aspiring traders.
The book is written to accommodate
all aspiring traders who aim to go professional and who...
This book is designed to build
an aspiring trader's knowledge base in a step - by - step manner - with each major section followed by a thorough question - and - answer section to ensure mastery of the material.
This book is designed to build
an aspiring trader's knowledge base in a step - by - step manner - with each major section followed by a thorough question - and - answer section...
My advice to
all aspiring traders coming to this website is to stick to Nial's trading strategy like a fanatic sectarian believer would to his religion.