Discipline - the key to successful trading
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luce
Apprentice
Joined: 06 Oct 2007
Posts: 3
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 Posted: 08/14/08 - 07:29 Post subject: |
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| Good afternoon people. My name is Michael and I would like to ask you something about investing on the market. I read some article that was about discipline – the key to successful trading. It brought my attention to other things that are important to investors. Can you tell me what is essential if you want to be good on the market? Thank you. |
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lonnie
Apprentice
Joined: 29 Apr 2007
Posts: 4
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| Posted: 09/13/08 - 02:13 Post subject: |
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| Hello to you too Michael. Well, there are several factors which affect your performance as an investor or a trader. Discipline is important. What you have to do first is determine your goals; whether you want short-term results in big profit, or long-term but steady income. Then you should stick to that goals and plan your actions according to them. What is also important is to have adequate information. Market is dynamic environment and it is very important to have up-to-date information in time. That way you can make the right decisions about your investments. In the end, one thing is essential: it is a good broker. People usually say that a good broker is an asset. Well, those would be some important things, but I am sure that there are many more. Bye! |
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