I define trading as a combination of more winning trades and less losing trades which results in success. It is a combination of science and art.
What you learn is a science and how you perform in the market is an art.
Learning Is The Most Crucial Point In The Profession Of Trading
Two Ways To Learn The Market
One is By Losing Money.
Most of the beginners learn the market by losing money. They start trading without learning the markets. They learn from their mistakes.
But this way is very expensive and it might causes heavy failure due to unawareness of trading.
Other is To Learn From a Professional Trader.
The most easy and affordable way is to learn from a professional trader. This is the best way to learn the basics of the markets.
After learning the markets from a trader , it makes easy way for you to understand the movements of the markets.
You will be aware of the things to be avoided in trading i.e you will come to know what precautions to be taken and what not to do in the market.
How should be your trading strategy.
Easy to understand
Your trading strategy should be easy to understand. There are thousands of trading strategies in the world to trade the market.
Most of the trading strategies are complicated and very complex to understand. Trading strategy should be easy to learn.
Your trading strategy should be simple and easy to apply.
Your trading strategy should be logical. If there is no logic for your trading strategy then it will be very difficult for you to understand and apply.
Logical means there should be some concept or an idea for your trading, If you understand the logic of your trading strategy then only you can trade confidently.
Market always has it’s changing behaviour. Therefore due to it’s dyanamic and changing nature your trading strategy should be also dyanamic in nature.
Your trading strategy should be able to locate the high probability situations or movements of the markets. Therfore your trading strategy should be dyanamic.
Market Changes Every Second.
Market simply repeats the history. Learn the central idea of the market which will be applicable at different stages in the market.
Learn the mechanism or behaviour of the market. Once you will be aware of it’s behaviour you will be able to trade fearlesly. Because market repeats the history.
Learn the maximum stuff about trading from where ever you get. The only thing to understand the market is to gain maximum experience in the market.
More and attentive observation of the market for a long time will teach you the movements of the market. If you are a good observer , then market itself will teach you it’s movements and behaviour.
Learn From Everyone and Follow No One.
Learn the market from those who are experienced in trading. Once you learn the market then you start obseving the market. Initially be an observer.
Once you start observing you will be able to understand the actions of the market. So after learning process , observe the market , understand it’s behaviour.
Once you will be aware about the price movements of the markets by observing it , then you can make your own trading strategies accordingly.
So first learn the market , then start observing it and understand the market. Once you do this then you can make your own strategies to get success in the markets.
That is why I say Learn from Everyone , Follow No One. Make your Own Strategies To Get Success In The Market.
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