A lot of individuals delve into the trading world with the misconception that there is a highly positive correlation between intelligence and trading success. It is nothing short of an axiom that trading is a very intricate profession- a mystery that can only be unraveled on complete analysis. In addition, the grandiloquent terms associated with trading, especially in its fundamental aspect, such as quantitative easing, intervention, down grade, inflation, Gross domestic product, demand and supply, etc, help to bolster the above thesis. Yes, a trader needs to be mentally alert in order to successfully analyze currency pairs; however, success in trading requires a whole lot more. It is important to note that individuals who have attained “financial maturity” tend to be more successful in the art of trading.  
Financially mature traders are the wise ones that recognize the worth of their equity. They understand the effects of loss and profit on their capital; therefore, they put all aspects of trading into perspective. As a result, they pay close attention to key aspects of trading such as risk management, money management, and psychology. With this type of approach, they stand the c…
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