It is the mission of the trader to become a
long-term, financially successful trader. This can be achieved
when the trader adopts and accepts The 10 Keys of Successful Trading.
A trader must commit to live by three disciplines to become a
successful trader.
Three Disciplines of Successful
Traders
1. A trader must believe in The 10 Keys to Successful Trading and merge them into their personality. Success depends on creating a trading plan,
and maintaining the discipline to TRADE THAT PLAN!
2. A trader must be committed to Continuing Education. Study technical analyses and the psychology of successful trading. A trader must make logical decisions, void of emotions, while
trading. Learn to trade in control!
3. A trader must map out a sensible equity management plan to ensure a Return On Investment.
Trade no more than 20% of a Margin Account and expose no more than 5% of that account on
any single trade.
Levels of Traders
Level One
Beginner Trader -
Studies and paper trades for a minimum of one month with
pretend currency, gaining the experience required to establish
a track record of profitable performance.
Level Two
Advanced Beginner -
Trades one or two lots with real money, learning to overcome emotions
and at the same time, establishes a track record of making money.
Level Three
Competent Trader -
Trades with control over their emotional distractions. Utilizes
proper equity management and achieves a positive financial
return.
Level Four
Proficient Trader – Trades with confidence, education and experience.
Achieves positive financial
returns.
Level Five
Expert Trader - Instinctively executes profitable trades without emotion.
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