So you have tried to get involved in online trading and found it pretty difficult. Does this sound familiar to you?
Well if it does don’t feel alone as just about everybody thinks they can just jump in and trade only to find out that Rome was not built in a day. The thing that gets me is the amount of people who think they know all about trading who search around online for something better and then call it crap because it’s the same old hogwash. Well,well,well perhaps its the hogwash that you need to learn properly.
The Secret To Online Trading
Why does everybody think there is a magic wand waiting for them around the corner that will make them a better trader? The secret to this game is simple, either you can or you cannot but the principles will always remain the same, and nothing you can do or say will change it. The only part that is going to change is technology and the one thing that all market traders love is new technology as it tends to make life just that little bit easier sometimes. No I am not talking about automated online trading just simple technologies that make life a little easier.
I have seen a few people who consider themselves traders start having a bad time of it, this then begins to make them question themselves and soon they are off to buy a new course in trading only to find it’s the same old information they had in the first place. You will only confuse yourself doing this as you cannot keep on changing strategy when you are involved in online trading. Market traders tend to start with an initial learning course and then develop their own skills over time. Each successful individual tends to have his or her own favorite method that works for them. Every successful trader that I know has developed from the basics by talking to others on a regular basis and learning from their mistakes, not by taking new courses all the time. All of the stock market courses that I have come across are usually for beginners not for seasoned traders.
There are so many ways to make money online such as e commerce, marketing and trading and each one has it’s own individual skill but the lure of the stock market keeps it as one of the most popular. If you would like to make a passive income online aside from trading check out this guys free system HERE<< you will be amazed at how easy that is. Well…… it is a lot of work just like anything else but once it is set and running in the background it becomes so much easier, and hey it is great to have a passive income running in the background while you are working on the stocks.
I know a lot of traders that start out with Forex but I personally never recommend this as it is a very fast form of trading and involves a lot of skill to be successful. It is far easier to start with equity and move on up from there. While it is tempting to go for the big profit the pro’s can’t wait to get their hands on your cash. Yep that’s how it is you lose and somebody else wins. Oh and don’t get caught up in whats better, fundamental trading or technical trading. I always say choose what you are more comfortable with and then run with both in a kind of 60% – 40% way. So if you prefer technical trading base 60% of your decision on the technical s without ruling out the fundamentals at all. Looking at the other side of the coin has changed my trading decision many a time.
You still don’t know the secret do you?
Well it’s simple and it is the same as everything else in life…. Persistence. Play the long game and don’t expect it to all happen in one day it takes time. I have never seen an electrician or a mechanic learn his trade in one day. Let’s put it this way, would you trust a doctor that had one day or even one week of training? Probably not. Online trading is often taught in one day or one to two weeks. Scary when you think about it and if a young chap joins a trading house he is often put in the hot seat almost immediately. Still trust someone else with your money? Traders learn from other traders and that is as simple as it gets.
I hope you enjoyed the post and you are welcome to leave us comments they are always welcome. Join us on Facebook and stay in touch. I have added a great video from you tube about the wolf of wall street, I hope you enjoy it but take note it is not mine at all and we have nothing to do with any promotions found on this video.