Successful Trading Leaves Clues
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by: AntonyLucan
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Word Count: 633
When it comes to learning how to succeed in the mysterious land of trading, it's best to have a guide who's been there and back successfully. Someone who has negotiated the rough terrain and who knows where the pitfalls lie.
It's such a simple formula, that it's overlooked by most new traders.
Why recreate and reinvent what has already been created, invented and tested?
Perhaps there can still be room for something new to be discovered.
There is a catch when you wish to trade the markets whatever they may be.
It costs a lot of money to make the same mistakes that others have made on their path to success.
From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.
In addition to the high cost of learning mistakes on our own, we also ignore that there is a significant "time factor" associated with learning things the hard way.
The funny thing is: we already know this instinctively because what I'm suggesting is the same process we all went through when we went to school. Mentors were in place that already knew the material and who found the most efficient way of communicating that new information to us. They were there to save us Time in the learning process.
With that in view, it's obvious that having a guide is the most efficient (and least costly) way to new knowledge.
A method of learning as well founded as this, should surely be applied to acquiring our trading knowledge and skills as well, don't you think?
Perhaps this response is because most of us have already proven ourselves to be masters of at least one career, perhaps at the Professional level. But, whether a Doctor, Lawyer, Plumber or Farmer; why would mastery of any of those fields produce information or skill that would automatically translate to mastery of an entirely unrelated field?
Apples and Oranges. What we know before we come to learn the art of trading successfully, will not generally help us (beyond basic literacy; the ability to read, write and perform simple mathematic calculations).
So the pattern is clear with this perspective: Competency requires information and information is best conveyed by a teacher. Mastery requires a Mentor; someone who has successfully traveled the terrain where we need to go.
The great news is that trading for results can be and is being taught today.
There are many examples of the success of teaching the skill of trading. One you may wish to research further is that of Richard Dennis and the group of students that became known as the "Turtles". Many of these students of Dennis went on to become heads of the largest trading funds on the planet. Funds worth Billions of dollars.
The success with this mentored group is legend and enormous.
This ancient method of passing the torch of knowledge from one generation to the next continues today. It exists in the field of trading knowledge as well.
I will continue to add names and some deeper insight into trading approaches, list more about them and contact information for those interested in pursuing this path to trading success. That information will be posted and can be accessed through the link at the end of this article.
The hottest market area right now is the Forex (Foreign Exchange) Trading Markets and as I locate the best teachers in this area and post more information on them, I'll continue the exploration to other Markets.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
About the Author
Why re-invent the wheel when it comes to learning how to trade? Learn the wisdom of Forex Master Traders and their successful learning how to trade strategies instead of struggling and losing Time AND Money. Learn more about WHO is willing to teach and their learning how to trade techniques.
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