Cardinal sin

Cardinal sinThere are numerous methods used by traders to define a trade. The important point is that a trader must be able to know what is or is not a trading signal, event, or moment.

This is true whether a trader uses a mechanical or discretionary technical approach, a supply-and-demand fundamental approach, or an economic model.

Lack of certainty if a market is or is not setting up a trade is a cardinal sin.

This is why I recommend that novice traders paper-trade or trade a small trial account for a year or two prior to placing real skin in the game. Peter Brandt

Igor Marinkovic

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

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