Monday, October 18, 2010

Trading - The First Steps

Trading lures us with its promise of freedom. If you know how to trade, you can live and work anywhere in the world, be independent from the routine, and not answer to anybody. Trading attracts people of above-average intelligence who enjoy games and are not afraid of risks. Before you rush into this exciting venture, keep in mind that in addition to your enthusiasm you will need to bring a sober understanding of the realities of trading.

Trading will stress your feelings. To survive and succeed, you will need to develop a sound trading psychology.
Trading will challenge your mind. To gain an edge in the markets, you will need to master good analytic methods.
Trading will demand good mathematical skills. A math illiterate who can not manage risks is guaranteed to bust out.

Options strategies