Becoming a successful trader is not an easy task. Many people want to be successful trader, but forget that being a successful trader is a long and full of hard work process. There are several steps that a trader must get through before becoming a successful trader. Read this article to find out 5 steps to becoming a successful trader.
Do you need a little bit motivation to get through the trading day? So here is the list of trading quotes by Alexander Elder that motivates me. Alexander Elder is a Russian-American professional trader. He is the author of dozen books, including "Trading for a Living".
Not all traders have a trading system or trading plan. Sometimes they buy or sell only based on just ‘guessing’, which isn’t likely going to work out too well for anyone trading in markets over the long run. Sooner or later, they are wiped out of the market, thus are not among the 5% of successful traders. By not having a plan, you are planning to fail. Every successful trader always has a trading system that he uses everytime they trade. The question is, what exactly is the trading system? This article will explain about the trading system.
Fundamental Analysis is a study on economic, social and political factors which affect the market. Things like changes in interest rates, employment reports, and the latest political changes are all factors that can affect the currency movement.
Alexander Elder is a Russian-American professional trader. He is the author of dozen books, including "Trading for a Living".. First published in 1993, this international best-seller considered a modern classic among traders.