95% people loose money and 5% make huge money in markets and the reasons and pathway to become succesful trader or an investor and enter in to that elite 5% category is as follows
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1) There is no shortcut in markets, if you are searching for 100% sure shot strategy then soon you are going to loose your entire money
2) It's a process of day in day out observation and forming own strategies which works for you
2) It's a process of day in day out observation and forming own strategies which works for you
3) Reading the books of great proven traders and doing trial and error which suits your personality
4) It takes time. You wont become rich overnight
5) Never trust completely on other ppl views in market, form your own views
4) It takes time. You wont become rich overnight
5) Never trust completely on other ppl views in market, form your own views
6) Never watch news while trading. News is already known to Big Guys and price is already discounted and you are the last one to know news
7) Trading is art of reading mob psychology where price is King, momentum is Queen. No single indicator or signal will make you profitable
7) Trading is art of reading mob psychology where price is King, momentum is Queen. No single indicator or signal will make you profitable
8) Learn the art of identifying where the Smart money is flowing and dumb money is flowing
9) Risk management is a must, its a game of probabitilities
10) Always have that curiosity to learn
11) Always choose edgy points to trade ie high reward, low risk areas
9) Risk management is a must, its a game of probabitilities
10) Always have that curiosity to learn
11) Always choose edgy points to trade ie high reward, low risk areas
12) Dont search for shortcuts, they don't exist in markets
13) Market is dynamic,adjust yourself as per markets
14) Ignore naysayers who discourage and inject false perception of trading is gambling
15) Give back ur knowledge to genuine and needy
13) Market is dynamic,adjust yourself as per markets
14) Ignore naysayers who discourage and inject false perception of trading is gambling
15) Give back ur knowledge to genuine and needy
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