Five basic steps to becoming a successful trader

There are five basic steps to becoming a successful trader:

First, focus on trading vehicles, strategies, and time horizons that suit your personality.

Second, identify nonrandom price behavior, while recognizing that markets are random most of the time.

Third, absolutely convince yourself that what you have found is statistically valid.

Fourth, set up trading rules.

Fifth, follow the rules.

In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline). – Gil Blake

successful trader

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites