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Trading and Mindset

                Especially in India, when we say about TRADING, the majority of people think about either risk or loss or both. The reason behind the risks are extremely untutored on charting techniques, ill-educated about the trading platform, witless goals on the outcome, cretinous decisions when trade, lack of knowledge about current affairs and market conditions and so on.

General info on Trading.

Trading means buying or selling goods, commodities, metals, oils, currencies, stock & futures, etc. In trading either you can be an individual trader and be a boss of your own (OR) you can learn the skills, develop your own strategies and join a company as a professional trader.

Before entering into Trading Network, you need to set your mind with the below qualities:

1 - Being patient.
2 - Not being greedy.
3 - Self Educated (both fundamental and technical analysis).

If you miss any of the above at any point in time when you are trading, then your account will be easily wiped out and you will end up with a loss.

Types of Traders:

When you say "Trader", certainly it means a profession. If you want to become proficient in that profession, then you need discipline and focus because money-making is not so easy!.

The First 30% of the traders lose money because of not being patient. They lose trades when the trade goes in the opposite direction and the profit will start showing in negative then the traders will close the trades on a negative number.

The second 30% of the traders lose money on being greedy. Sometimes the novice traders will have beginners luck so that they will open multiple trades and end up with a loss. If you have a proper chart & trade setup then you will not open multiple trades.

Third 30% of the traders lose money when they aren't properly educated about what they do. They need a step-by-step understanding of types of trading, technical and fundamental analysis, tools and indicators, current affairs, general knowledge about the banking sector, etc.

You might wonder who are those 10%? They are the fund managers, professional traders, market makers, diggers, pip catchers and so many names. They are consistent, extremely patient and they always have perfect trade setups.

Now, you want to shine under this 10% of traders? signup here.

You can contact me:  Suresh Dooly

 

Suresh Umapathy

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