I am interested in getting into Day Trading, please tell me how to go about getting started?-Day
Trading is not as difficult as many people want you to think. In order
to succeed with Day Trading you MUST know the three "secrets". Actually,
they are not really "secret", but since many traders don't seem to know
them I call them secrets.
So let’s talk about these secrets. The Secrets to Trading Success are universal. They apply to every market, whether you are trading stocks, futures, option or forex. And they apply to every timeframe, that’s why they are so powerful. And they are so simple that you will wonder why you wasted so much time and money on all the other “stuff”, on complicated formulas, indicators and systems.
So here they are: The Three Secrets to Trading Success
* “Secret 1”: Trading in the right direction
Buy when the market is going up and
Sell when the market is going down. That’s how money is made.
* “Secret 2”: Always know when to exit
Know when to exit with a profit,
and know when to exit with a loss.
* “Secret 3”: Trade the right market
The right market to trade is a trending market.
As you know, money is made in trends, whether up or down, so you dramatically increase your chances of making money with trading if you trade a trending market.
Sounds too simple?
Well, there are a few things you need to learn:
* You need to learn how to determine whether the market is going up or down.
* You need to learn when to exit a trade; when to take a profit and when to bail if the market is not moving in your favor
* And you need to learn how to find the right market
And you need to know how to avoid the seven mistakes that traders make and that cause them to lose a lot of money.
So let’s talk about these secrets. The Secrets to Trading Success are universal. They apply to every market, whether you are trading stocks, futures, option or forex. And they apply to every timeframe, that’s why they are so powerful. And they are so simple that you will wonder why you wasted so much time and money on all the other “stuff”, on complicated formulas, indicators and systems.
So here they are: The Three Secrets to Trading Success
* “Secret 1”: Trading in the right direction
Buy when the market is going up and
Sell when the market is going down. That’s how money is made.
* “Secret 2”: Always know when to exit
Know when to exit with a profit,
and know when to exit with a loss.
* “Secret 3”: Trade the right market
The right market to trade is a trending market.
As you know, money is made in trends, whether up or down, so you dramatically increase your chances of making money with trading if you trade a trending market.
Sounds too simple?
Well, there are a few things you need to learn:
* You need to learn how to determine whether the market is going up or down.
* You need to learn when to exit a trade; when to take a profit and when to bail if the market is not moving in your favor
* And you need to learn how to find the right market
And you need to know how to avoid the seven mistakes that traders make and that cause them to lose a lot of money.
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