So you want to trade. BEFORE YOU DO, here are the things you MUST know.....
1. FOREX IS A VERY RISKY BUSINESS and YOU CAN LOSE PARTIAL OR ALL OF YOUR MONEY.
2. YOU CAN'T BECOME A TRADER AFTER READING AN E-BOOK OR FINISHING A TRADING COURSE.
3. DON'T DREAM ABOUT MAKING TRILLIONS OF DOLLARS.
4. YOU MUST SUPPORT YOURSELF FIRST BEFORE COMMITTING MONEY TO TRADE.
5. DON'T QUIT YOUR DAY JOB JUST BECAUSE YOU WANT TO TRADE.
6. ONLY QUIT YOUR DAY JOB IF YOUR PART-TIME TRADING RESULT CAN GIVE AT LEAST 5X YOUR SALARY FOR AT LEAST 2 YEARS BECAUSE LOSING STREAKS AND DOWN DAYS HAPPEN.
7. IF YOU START EARLY YOU CAN TRY TO USE BIGGER RISK. BIGGER, NOT BIGGEST!
8. IF YOU START IN YOUR 40 OR 50 OR EVEN LATER THEN DON'T USE YOUR PENSION FUND AND DEFINITELY USE A SMALL RISK.
9. DO NOT JUMP FROM ONE TRADING STRATEGY TO ANOTHER TOO QUICKLY.
10. FIND A TRADING STRATEGY THAT SUITS YOU.
11. IT TAKES TIME TO FIND A SUITABLE TRADING STRATEGY.
12. TRUST YOURSELF.
13. LEARN FROM AS MANY PROFITABLE TRADERS AS YOU CAN.
14. TRADING IS A LONELY BUSINESS.
15. REVIEW YOUR LOSSES PERIODICALLY.
16. MAKE A TRADING JOURNAL.
17. READ AND RE-READ YOUR NOTES (REVISIT YOUR OLD TRADING IDEAS).
18. THERE IS ALWAYS A ROOM FOR IMPROVEMENT.
19. KRESLIK IS THE BEST PLACE TO LEARN TRADING, BAR NONE!
20. DON'T HOPE. PLAN!
21. DON'T ASSUME. TRADE WHAT'S IN FRONT OF YOU.
22. GIVE ME MY COFFEE
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