The Realities Of Trading!

Majority of people aspire to become successful traders don't have the right perspective about trading. Most traders only focuses on the positive side of trading and avoid or ignore the harsh realities of the market, while it is true that there are huge profit potential in trading we cannot also deny on the fact that their are only a few percentage of traders that make consistent money in a regular basis, that it may take years of constant learning and engagement on the market before you can become discipline and create an effective strategy that you can use in your trading.

When I started trading a few years back I was very excited and aggressive on the belief that I already found a profession that can make me rich in a short period of time but those belief remains a dream at this very stage of my trading career and I am not sure how many more months or years I will spent in order to achieve such dream. Today I confirmed that trading is a very difficult profession that if you don't have the right education and preparation both technically and psychologically you will just end up having nightmares.I am a very stubborn man and I always believe on persistence, even though that I was not able to start my trading career on the right foot but I was able to learn and develop the skills of a good trader the hard way and I know that if I continue on my journey I will achieve my goals in the very near future.

In my years of trading I was able to understand that you cannot under estimate the market at all times, it is important that you just don't listen or believe to what you hear or read, make your own research, trading is like going to war with the toughest enemy out there, be fully prepared, it is very important for a trader to know what are the essential aspects in order to become a successful trader. Seek for knowledge and wisdom, apply it in your trading and you will be profitable.

Happy New Year!

Trading Is A Boring Profession?

Being profitable does not mean that you have to be active in trading every hour or to open more trades in order to be a profitable trader, on the contrary most successful traders in this market may place just a few trades every week and still come out profitable, why? because this is precisely what trading is all about, it requires discipline and the patience to wait for the market to aligned according to your trading strategy, but most traders do the opposite they chase the market, they are get controlled by their emotions and get carried away by the roller coaster ride of the market,perhaps this is attributed to our very nature that we always want excitement we want to push for more actions but this is not what trading is all about, if a trader want to be successful and make money in this business he must develop the skills that professional traders have.

Professional traders are calm and discipline every time they face the market, they make sure that they follow their trading rule every single trading day and without thinking that the particular trade will be a winner or loser, if at certain days that market shows no trade setup according to their strategy then they just skip trading. Professional traders don't force their trade and just continue to wait until the market is aligned to their trade criteria, while struggling traders look for action all the time in the market that can only lead to more losing trades because of poor entry, trading is all about quality of trades not the quantity.

Being a professional trader means doing repetitive action all the time that makes trading a boring profession but this is the only way to be profitable in trading, if you want excitement then seek it somewhere else or suffer the consequence of losing money all the time, we must get to boredom as much as possible to become profitable traders.