Home > Economics & Finance > What are the Tools for success in commodity trading?

What are the Tools for success in commodity trading?

Self discipline: this means that you WILL do your market studies every day, thoroughly and religiously, and that you WILL FOLLOW the rules of successful trading.

Persistence: this means that you won’t be a quitter after taking a few losses. In order to win big you have to stay in the game.

Consistency: this means that once you’ve learned the rules and methods, you’ll have to use them over and over and over again, exactly as you have learned them. (That seems simple enough, doesn’t it?),

Self-Control: you’ll have to control your two worst emotions: FEAR and GREED.

Knowledge: an understanding of how the markets work as well as a few very simple, easy to learn methods will be VITAL in your quest for success, and

Start-Up Capital: you’ll need the start up capital to begin your trading (ad)venture. Just how much will you need? Keep reading and you’ll find the answer.

From : Jake Bernstein, www.trade-futures.com

Categories: Economics & Finance
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