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Successful Independent Traders - Earn A Comfortable Income

#Tradingcompany is so easy to get into, new traders may not realize there's a very steep learning curve involved.

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Successful Independent Traders - Earn A Comfortable Income

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  1. Successful Independent Traders Can Earn A Comfortable Income, Through The Trading Company 

  2. The idea of trading for a living – or having your own trading business – is appealing to many people: You get to be your own boss, set your own schedule and work from home while enjoying virtually unlimited income potential. In addition to these factors, anyone with a computer, Internet connection and a small trading account can give it a try. Unlike many other jobs, no degrees, special training or experience is required. • Because the trading company is so easy to get into, new traders may not realize there's a very steep learning curve involved: Being successful is difficult and takes a lot of time and effort. Here are some quick facts about trading: • About 90% of day traders fail within the first year. • There is no way to completely eliminate risk in trading. • There is no trading system that wins 100% of the time.

  3. You will always have losing trades, even if you are a rock star trader. • You need money to make money – it will take a long time to get rich with a small trading account. • Successful independent traders can earn a comfortable income, but most do not become millionaires. • The ease with which you can start trading (just open a trading account and hit the “buy” button) in no way implies that becoming a successful and profitable trader is easy. Many of the 90% of traders who fail within the first year do so because they start trading without having developed any type of logical business or trading plan. Any business entered into with such a lack of planning is likely to fail. • Another common reason for failure is that the trading company is undercapitalized; meaning, he or she doesn't have enough money to take on the risk and absorb the inevitable losses. 

  4. There is also a lot of deception associated with learning the business of trading. Late-night infomercials and hundreds of websites would have you believe that trading is easy and that anyone can generate a huge and consistent income from the financial markets, with little or no effort. While there may be the rare case where a trader manages to make a huge amount of money in a short time, that's not the norm. For most people, the trading company involves a lot of hard work before becoming successful. • Am I driven to succeed? • How do I handle losing? • Do I have time to dedicate to learning the business of trading? • Can I stick to a plan? • Do I have my family’s support? • Do I have money that I can afford to lose? • How do I deal with stress? • Do I have realistic expectations?

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