Follow The Well-worn Path Of Trading Success!
One of the best secrets of trading success is that success leaves strong (profitable) clues.
It's seldom imagined that something as simple as following someone who knows what they're doing in the markets is the shortest distance to one's goal.
Why recreate and reinvent what has already been created, invented and tested?
Perhaps there can still be room for something new to be discovered.
But, there's this to consider when you're trading the markets.
There's the "cost factor" of learning one's way to success in the markets. It isn't cheap.
From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.
Our time is even more precious than the expense of making the same "learning errors" trading. It's easy to consume hundreds, even thousands of hours studying techniques and market behaviour.
Our school systems understand this process and we readily agree, It's easy to see that it's advantageous to have someone who knows (what we do not), teach us, and bring us up to speed as quickly as possible.
Somehow, we can see this when we look at our educational institutions.
So, why do we expect to use a different approach to success when we decide to trade the markets?
Could it be because our egos have been inflated with our sense of accomplishment in our careers and day jobs?
Do we just assume that we can quickly & easily master another career (having already done it before) without any help this time?
It may well be possible, for some who enter the markets, but, how they and we became competent in other fields was first through the process of learning from teachers and mentors who were already competent in areas we wished to master.
The great news is that trading for results can be and is being taught today.
The classic case of Richard Dennis teaching the group known as the "Turtles" to be successful commodity fund traders is an excellent example and an internet search will give further depth as to how this was done.
Their success is legendary and further makes the point of this article.
Fortunately, this teaching process is still available and continuing to this day. There are still those who enjoy passing along their hard-won wisdom of the markets to newcomers and those eager to learn from them.
We intend to explore and gather together a listing and some details of trading systems strategies of Master Trading Mentors in the coming weeks and post them to a site appropriate to the markets they trade successfully. You can access that site through the link at the end of this article.
The hottest market area right now is the Forex (Foreign Exchange) Trading Markets and as I locate the best teachers in this area and post more information on them, I'll continue the exploration to other Markets.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
It's seldom imagined that something as simple as following someone who knows what they're doing in the markets is the shortest distance to one's goal.
Why recreate and reinvent what has already been created, invented and tested?
Perhaps there can still be room for something new to be discovered.
But, there's this to consider when you're trading the markets.
There's the "cost factor" of learning one's way to success in the markets. It isn't cheap.
From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.
Our time is even more precious than the expense of making the same "learning errors" trading. It's easy to consume hundreds, even thousands of hours studying techniques and market behaviour.
Our school systems understand this process and we readily agree, It's easy to see that it's advantageous to have someone who knows (what we do not), teach us, and bring us up to speed as quickly as possible.
Somehow, we can see this when we look at our educational institutions.
So, why do we expect to use a different approach to success when we decide to trade the markets?
Could it be because our egos have been inflated with our sense of accomplishment in our careers and day jobs?
Do we just assume that we can quickly & easily master another career (having already done it before) without any help this time?
It may well be possible, for some who enter the markets, but, how they and we became competent in other fields was first through the process of learning from teachers and mentors who were already competent in areas we wished to master.
The great news is that trading for results can be and is being taught today.
The classic case of Richard Dennis teaching the group known as the "Turtles" to be successful commodity fund traders is an excellent example and an internet search will give further depth as to how this was done.
Their success is legendary and further makes the point of this article.
Fortunately, this teaching process is still available and continuing to this day. There are still those who enjoy passing along their hard-won wisdom of the markets to newcomers and those eager to learn from them.
We intend to explore and gather together a listing and some details of trading systems strategies of Master Trading Mentors in the coming weeks and post them to a site appropriate to the markets they trade successfully. You can access that site through the link at the end of this article.
The hottest market area right now is the Forex (Foreign Exchange) Trading Markets and as I locate the best teachers in this area and post more information on them, I'll continue the exploration to other Markets.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
About the Author:
Why waste time and money when it comes to trading? Learn the wisdom of Forex Master Traders and their uniquely successful trading strategies instead of struggling and losing Time AND Money. Find WHO is available to teach and their trading techniques.
posted by Trilochan Bhattacharya @ 6:44 PM
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