At Dynamic Trader we have mentored many people to success. Some students who approached us for mentoring decided to delve in to trading the financial markets to get themselves out of debt. Although their is a possibility debts can be paid off from trading, we strongly advise against this method of debt repayment.
The main reason behind this is psychology plays a massive part in trading and always having in your mind that the next trade you take has to make money in order to pay off the outstanding debt only enhances the possibility of that trade being a loss maker.
You see, in order to trade successfully on the markets you have to detach yourself and be very cold and mechanical. Using hope, greed or fear is a recipe for disaster and once in that cycle it is hard to come out of it.
That aside, below I have pointed out certain factors you should be aware of prior to entering the world of trading.
1. Get your finances in order before you start to trade.
2. Get a mentor - I can help here if you are interested in forex.
3. Invest in quality software - I can advise you on this.
4. Be prepared to take time to learn how to trade successfully.
5. Have realistic and challenging goals
The above are 5 simple points. Of course this is not all you need to know but you can read more about forex trading on my site fxcps.com
Good trading
Anne Chapman
| Anne Chapman from Dynamic Trader has been trading for many years. To read more about Anne visit http://www.fxcps.com/sites/anne.html Anne Chapman's Dynamic Trader blog http://www.dynamictraderblog.com |
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