The Millionaire Trader's Handbook
Page 8
So, how can this be achieved? Ensure you are well grounded
with the 4 Cs pillars that every successful trader deploys. It‟s
no secret; you have heard this before:
Technical analysis
Risk
management
Trader psychology
Market psychology.
You may feel like you have heard this advice multiple times
from other professional traders, but trust me; there are some
misconceptions that traders who claim they are profitable
believe.
From experience, they are wrong.
The earlier you realize this,
the easier it is to stop making your broker rich from your
capital.
Once again, the above four pillars are the starting point of
your
trading career, where the journey of being the
millionaire trader you always dreamed of begins.
You need to ensure you are well-grounded in all these four
pillars, or else you will never be among the 5% who build a
fortune just by trading the financial market.
In
other words, combining all these four pillars,
understanding them properly,
and applying them to your
trading approach boost your chances of becoming a
successful financial trader.
The Millionaire Trader's Handbook
Page 9
If not, then you are just gambling with the financial market.
People come into the Forex market to make money but end
up gambling with the market.
They won't admit it, but their wallet suffers for it. Anybody
can be a trader regardless of who they are, but not all
financial traders are profitable.
The majority who trade the financial markets call themselves
Forex traders, but, in reality, they are mostly gambling, while
some are still struggling.
Ignore that these so-called traders are living their best lives
and showing
off their expensive homes, cars, etc. The truth
is, most of them don't make money trading even while they
are trading.
Their money comes from courses,
broker partnerships,
coaching, and other affiliate revenues. If you check their past
trading records, you will see they are not profitable in the
long run.
Most of them seem to have some decent winning trades at
the moment, but they are only one big loss ahead of wiping
out all
their overall winning trades, especially day traders
and those who usually stack trades as if the market is going
to close the next day.
What differentiates a profitable trader from a gambler is not
just their approach to trading but is based on multiple
factors, which I will uncover soon.
The Millionaire Trader's Handbook
Page 10
As a trader who wants to make millions out of the financial
market, this is not the realistic
approach to get to your
million-dollar journey. Do you want to know why? Keep
reading.
But first, let me clear the myth behind trading versus
gambling, and why most traders are just gambling with the
market rather than trading for a profit.
Dostları ilə paylaş: