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Learn trading and gain
I believe people who are trading the markets who want to improve their return on
their investments for maximum ROI MUST become masters of research,
experts in technical analysis, know their trading platforms inside out and have patience.
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in that profits there must be an opportunity to fail .. a good trader is able to minimize failures and gleaned profits as much as possible, before making a profit we make sure first whether the chance of failure is greater than the profit. Because usually many people are not careful in the affairs of failure of trading.
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Learn, learn and learn. As the great Lenin bequeathed.
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You are right about that. Learn, Learn and perfect multiple trading systems.
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Learning is one of the most important parts of trading. Actually, the lack of learning makes trading success impossible.
Proper learning process includes several parts. First of all trader should learn market fundamentals ot know how the financial markets operate, how certain events influence the prices, and what are the main goals of different market participants. Then each trader should learn technical analysis - despite all doubts it is a great tool to find perfect entry points with the best possible risk-reward ratio which is necessary to keep risk management rules. Technical analysis is the most universal approach because it could be applied to any instrument or financial market while its tools work for many years.
The scope of financial knowledge necessary for the trader is huge, so the trader will have to continue his education for the whole period of being a trader. Another aspect is that markets incur changes all the time, so it is important to be flexible enough and open minded to be able to work in such conditions.
Learning is not only about reading books or magazines. It is also the approach to self-analysis. Trader should be able to analyse all his trades to find out main mistakes and their reasons to avoid them in future. If the trader will fail with this, he wouldn`t be able to become successful. In fact, trading progress and professional development based on the possibility to analyse your trading to find the right elements and multiply them.
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