23 Nov
Posted by Stock Trading Posts to Learn To Trade Markets
Sunday, 23 November 2008
Hi Trader,
Welcome to the Learn To Trade Markets Mini Course - Day #2.
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Rarely, if ever, have I found a trading course which gives you an understanding of what trading is and the process of trading itself. This leaves a massive gap in understanding and contributes to why so many traders lose in the markets.
I have consistently trained traders to go from losing to being consistent winners. I believe this is due to my approach of giving a vastly superior view of what it is they trade (the market) and what it is they are trying to accomplish when they trade (the process of speculation).
These two areas are core to every trader I know who has successfully developed their own system to trade the market. Again, this is no accident. Of course I use and have developed several consistently successful trading strategies and I discuss these in detail in the full version of Learn To Trade Markets.
So why would anyone be interested in a risky business like trading? It is because trading represents the last bastion of free enterprise. Put simply: freedom. Successful traders experience a freedom unsurpassed by the majority of ways in which a living can be earned. It is about having time and having the necessary funds to enjoy that time.
Trading successfully is a profession that requires the mastery of many skills. These skills take time to learn and perfect. Then and only then does trading become the perfect business.
In search of the “holy grail”
There is no magic password to trading success but if there ever was a secret to trading, the secret is that “there is no secret”. People new to the game keep searching for a gimmick or fancy indicator. But in truth, just like in any other worthwhile profession, trading is about learning the basic rules and using discipline to follow them.
Beginners become emotional when they trade but if you want to survive you have to develop discipline. The moment you become aware of feeling joy or fear, use that as a signal to tighten your discipline and follow your system.
Win or lose you have to learn from a trade you place today in order to be a better trader tomorrow. It often disheartens traders to learn that in the world of trading, nothing goes to plan all the time. There are only three realities about trading:
1. Taking advice from others on what to buy and sell, commits you to failing as a trader. 2. Predicting the future is impossible. 3.Nobody trades the market - we all trade our beliefs.
To go one step further the future direction of a market is not only unknown, it is unknowable. Most traders refuse to believe there is no way you can accurately predict the future.
The best position to be in as a trader is to not care whether you are right or wrong. If you genuinely do not care which way the market is about to move, you will be much more flexible to move in and out of markets, cutting losses shorter and running profits longer. This equates to an increasing account balance.
Change the way you see the realities of trading and you open up your trading to huge successes, even if your trading systems are very average.
What you believe is what you get
As a trader you will create results in line with your beliefs. If you believe the market is abundant or generous you will act in such a way that you will experience abundance.
Successful trading is a simple process, however changing your belief system is not necessarily easy. There’s a famous quote: “We have met the enemy and it is us”.
Trader I can take you step-by-step through changing your deepest held beliefs about the market, then you will be clear to see the underlying structure of the market. With this clarity you will begin to trade successfully.
In Part Two of the full version of Learn To Trade Markets, I teach you exactly how to let go of your current view of the market and replace it with a new and more powerful view which will pull winning trades to you like a moth to a flame. Only then do you begin your journey towards what you really want for your life from the markets.
Tomorrow I will be talking about the “Golden Rule” of trading …. and it’s not what you think…
Trader, until tomorrow…
Sincerely Karl Richards www.Learn-Market-Trading.com
P.S. To order Learn To Trade Markets now, visit: http://www.learn-market-trading.com/learn/trade-.p hp AOL Users