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A Beginner's Journey to Become an Online Trader / Day Trader
by: Anwer on
Date: Wed, 9 Feb 2011 Time: 8:40 AM
A common misconception on day trading is that it can make anyone rich. That is not the case. the reason why some day traders succeed is because they have a trading plan filled with trading strategies that they figured out when they had they first started trading . By sticking with this approach, they are able to figure out what works and what does not.
Newbie traders should be careful especially when they are just stepping into the Online trading in general. If they fail, their confidence is shattered. If they succeed, they're in the verge of becoming too over-confident and not be careful about their next online trading decision.
The minute you decide to become a full time day trader-swing trader , choose a trading firm that provides a trading seminar that guides you in the stock market process.You also need to train on how to control your emotions and work on your patience, since these are two characteristics that are considered crucial in the stock market online trading.
When you get better with the short term stock market trading, you have to prepare yourself for the next step - and this is the competition with the market's best day traders. You can have an advantage over them by educating yourself on your trading strategies. See what they do that makes them profit. Apply what they do in your own trading but adjust it accordingly with your own trading strategies and goals.
It's normal for traders to encounter pitfalls once in a while. One can never be a knowledgeable online trader if he/she has not experienced any kind of loss whatsoever. By losing at the trading , a trader will be aware of what not to do and avoid these in his next trading approaches. Some greedy traders loose money because, they do not take their stops all for the purpose of having a turn around with the profits.
In your journey of trading, you have to know when to trade and when to stop. Do not squeeze every cent out of the trade.
Star Alliance Capital Partners offers a free online trading webinar for new and experienced traders. For more information and register please click HERE or visit us at :
http://www.staralliancecapital.com/dimensiontrading/online-webinar.html
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Day Trading |Free Day Trading Webinar
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