Do You Have What It Takes To Trade Stock Market Products Successfully?Just what does it really take to be able to trade stock market companies and indices? - 80 percent of traders last less than a year - 90 percent of all new traders lose ALL of their capital within a year - over (note that is OVER) 90 percent of all commodity traders fail If you are planning to learn to trade stock market shares, or have recently begun, it clearly pays to study and understand what you plan to trade and why at the start. Like learning to play poker with professionals at a club, this could become a very expensive learning curve. The reality is that trading is an incredibly competitive business in which there is no room for emotion, friendships, confused loyalties or half measures. It is dog eat dog. In fact, the majority of trading is a zero sum game. This means that if you are winning and making money, someone somewhere is on the losing end of the trade. Your profits equal someone else's losses. Do you want those losses to be yours or theirs? If it helps, it is important to understand the mindset... Back in 1986, Ivan Boesky gave a speech at the University of California where he famously said, "Greed is alright by the way. I want you to know that. I think greed is healthy. You can be greedy and still feel good about yourself." These sentiments were later taken up more famously by Gordon Gecko in the movie Wall Street. Boesky was later fined and imprisoned for insider trading... But the point is that trading - especially in things like options and futures - was designed purely to be greedy. It is about making a profit for the sake of making a profit. And the big profits go to the tough s-o-b's that can hack it. If you plan to trade stock market instruments, it is vital to understand and accept this. Better yet, embrace it and start fighting for your share of the profits! Do you want to improve your trading skills? Click here to watch a free online
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