The,Black,Hole,Trading,part,Le finance, share, loan The Black Hole of Trading part 1 of 6
You can stop foreclosure and reclaim your peace of mind when you gain understanding of the tools/ resources that are available for you to use when you are faced with this crisis. When a homeowner financial situation changes resulting in a de Back then, when you have a bad credit history, securing a mortgage contract is never an option if you wish to improve your credit score. But now, times have changed, you can obtain a bad credit remortgage using your home, even if you have fa
Lets assume you have never traded. You have never directly bought a stock, an option, a CFD, a futures contract, traded a commodity or speculated in the 24 hour a day forex markets, but you have decided you want to become a trader or an investor.Now what? You decide to ask a few friends, maybe search the internet, flick through some magazines, ask your advisor, your accountant, or maybe your parents. You subscribe to a newsletter or two, a magazine or you start to look through the financial section of your newspaper. You contact a few brokers and have them send out some information and so on.What you most likely end up seeing is a lot of the same thing; trading has become easier for the small trader, more efficient, its online, cheaper and there is more help, more ideas, more methods and ways to make money and so on. You think to yourself, well, Ive never even traded before so all this means very little to me, but hey, if its so easy then Ill have no problem becoming a successful trader and leaving my job.But heres the catch .all of this is very true, things have become a lot easier for the small trader to trade; but trading and using the markets to achieve a goal, are two completely different things.To trade simply means, opening an online account, sign a disclaimer and agree that you have read the warnings on risk, deposit some money, download the trading platform, open a chart, guess which way the little bar is going and click on buy or sell. Its that easy! But to use the markets to achieve a goal, well lets just say that once you begin trading and things dont seem to be working the way you had envisioned there will be many reasons why, but the majority of times it will be the following:1. You have no idea what it is you are trading 2. You dont know how your particular choice of market behaves 3. You really dont know what it is you want from trading 4. Your expectations are beyond your knowledge, skills or emotional levels 5. You have never bothered to list your resources 6. You dont even know yourself or you refuse to accept who you7. You havent prepared yourself for trading success8. Youre not trading a system9. Youre trading someone elses system10. You havent done any back-testing 11. If you have back tested, you havent analyzed its performance relative to your goals 12. You never bothered to log any of your trades 13. You simply dont have a business and a system Over the nest 5 installments I will cover these in more detail and what you need to do in order to succeed in trading.