الاثنين، 24 مايو 2010

The key to success in trading

Why do traders fail?


In a recent study in America that 75% of the speculators daily
Lose everything in two years. And strange that this percentage was
Fixed for approximately 150 Snpalmadip (the duration of the records speculation)

Why lose a high percentage of all, despite the progress
Technology and tools for technical analysis and access to news China
? If the problem is internal to the hearts of the people who did not benefit from
Technical

Causes of loss is simple:

People were divided at the beginning of trading into two parts:

I: The following speculation and either of the recommendations from here and there
. Not surprisingly, this category can not continue for long.

II: searching for the ultimate resolution. Either the Trading System or better
Index and the fact that this research should not exceed 10% of the effort
Stores because all are looking for is a good entry point. Is well known that
A good entry point Hze a simple mechanism to achieve profits. And
Final verdict on the shops as much as it is achieved and not the number of
Times that hit them. (Previously stated in the translation of the book Trading For A
Living the mechanism of profit depends on three things and a few are
Who are interested in are:

1. Psychological Rackets
2. Market Analysis
3. Disciplined money management)

Easy to engage in the process but the exit is determined by whether you
You will win or not. Interest to enter into good control gives the wrong impression
And success and the fact that the neglect of the success keys

The key to success in two: the first psychologists and the second money management.
And almost all else does not matter.

Finally, I am convinced that dealing in the work of myself and not the work of Mali.

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