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| 6 Critical Factors For Successful Trading |
Tim Wreford of Online Futures Trading gives several critical factors for successful trading on forex market. there are 6 factors he outlined.
6. Commitment. Trading is not like a regular job, you don't pick up a pay check at the end of the month even though you did no work and spent the whole month surfing the web and emailing your friends. You must be committed to placing every trade according to your plan, even through the losing periods where every trade seems to end up a loser. Trading seems to throw up extremes of good times and bad times, you must not get over confident during the good times and you must not give up in the bad times - remember it is all part of the plan. You must set aside adequate time every day to compare your actual performance against your trading plan. You must be committed to continuous testing of new ideas and regular monitoring of your existing plan. Research into future ideas is essential - remember the only constant in trading is change.
Read more 6 Critical Factors For Successful Trading |
posted @ 11:07 AM  |
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