Trading is a business. Now you may be thinking to yourself “Yeah know that, tell me something I don’t know” but you would be surprised at how many people don’t realize this and if they do they certainly don’t treat it like one. They start trading and they think that all they have to do is find an indicator slap it on a chart, wait for a signal and presto they will be rolling in dough. The reality is however is that trading is a serious business and if you don’t take it seriously then the only thing you will be rolling in is your own misery.
Guest post from visionsofaffluence.com
The idea of trading for a living, of being able to make a living from the comfort of your own, of being able to quit the 9-5 rat race and control your own life is a very appealing one, and is the reason why many of us decide to trade in the first place. While this dream in fact very attainable the truth is that it requires a lot of work. More work than most new traders realize and it is my belief that this is why so many of them will fail.
If you were staring any other business you would expect to have to put in a lot of work before you were profitable. Can you imagine starting a company and thinking that you would automatically be profitable right out of they gate? Everyone knows that when you first start a business you a very likely to struggle and and have to put in long hours in the beginning until you turn the corner. So why is it then that people think they are going to start making money hand over first as soon as they start trading? If you really think about it its quite absurd. Trading is just like any other business in that in order to be successful it takes hard work, dedication, and lots of time.
So if are really serious about making it as a trader then you need to be ready to put in the work. Approach it just like you would any other business and eliminate any thoughts of getting rich quickly. Most new traders fail because they aren’t willing to put in the work. They want trading to be their escape from work and that is fine, but in order to get there its going to take a lot of work and there is no way around that. If you are willing to put in the work then you will be successful and if you aren’t then stop trading and start buying lottery tickets, because you’ll have a better chance of winning the lottery than becoming a successful trader.
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