Saturday, February 21, 2009

Trader wannabes must learn to seek and develop the ability to analyze

Trader wannabes must learn to seek and develop the ability to analyze
information given to them even though they have paid for it. One way
is to seek information from a few more sources so that you’ll have a
clearer perspective before making any major decisions.

The only way is to paper trade and test it out first to see whether what
have been taught is credible. You must stay within your level of
competence and be questionable of everything you see or learn. It is
your money that is at risk not the person who is teaching you to trade.
It is better to be safe than sorry.

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