The,Black,Hole,Trading,part,Le finance, share, loan The Black Hole of Trading part 1 of 6
If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
Lets assume you have never traded. You have never directly bought a stock, an option, a CFD, a futures contract, traded a commodity or speculated in the 24 hour a day forex markets, but you have decided you want to become a trader or an investor.Now what? You decide to ask a few friends, maybe search the internet, flick through some magazines, ask your advisor, your accountant, or maybe your parents. You subscribe to a newsletter or two, a magazine or you start to look through the financial section of your newspaper. You contact a few brokers and have them send out some information and so on.What you most likely end up seeing is a lot of the same thing; trading has become easier for the small trader, more efficient, its online, cheaper and there is more help, more ideas, more methods and ways to make money and so on. You think to yourself, well, Ive never even traded before so all this means very little to me, but hey, if its so easy then Ill have no problem becoming a successful trader and leaving my job.But heres the catch .all of this is very true, things have become a lot easier for the small trader to trade; but trading and using the markets to achieve a goal, are two completely different things.To trade simply means, opening an online account, sign a disclaimer and agree that you have read the warnings on risk, deposit some money, download the trading platform, open a chart, guess which way the little bar is going and click on buy or sell. Its that easy! But to use the markets to achieve a goal, well lets just say that once you begin trading and things dont seem to be working the way you had envisioned there will be many reasons why, but the majority of times it will be the following:1. You have no idea what it is you are trading 2. You dont know how your particular choice of market behaves 3. You really dont know what it is you want from trading 4. Your expectations are beyond your knowledge, skills or emotional levels 5. You have never bothered to list your resources 6. You dont even know yourself or you refuse to accept who you7. You havent prepared yourself for trading success8. Youre not trading a system9. Youre trading someone elses system10. You havent done any back-testing 11. If you have back tested, you havent analyzed its performance relative to your goals 12. You never bothered to log any of your trades 13. You simply dont have a business and a system Over the nest 5 installments I will cover these in more detail and what you need to do in order to succeed in trading.
The,Black,Hole,Trading,part,Le