Successful Trading Leaves Clues
by: AntonyLucan |
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One of the best secrets of trading success is that success leaves strong (profitable) clues.
Why this simple fact is so elusive to new traders (and even those who have been attempting to learn the markets for some time) is a function of our egos no doubt.
Instead, our egos seem to demand that we discover a new route to the promised land of profitability (as if there is one that hasn't already been discovered).
Perhaps there can still be room for something new to be discovered.
But, there's this to consider when you're trading the markets.
There's the "cost factor" of learning one's way to success in the markets. It isn't cheap.
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.
Isn't it obvious then, once we think back on this process, that we've already experienced this successfully?
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?
Could it be because our egos have been inflated with our sense of accomplishment in our careers and day jobs?
The facts declare that whatever field we already know or have mastered, that specific expertise will not help us to be successful in the field of trading the markets of this World.
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.
This has been proven as part of an experiment conducted with real money and real students by Richard Dennis in the futures markets many years back. He believed that trading could be taught and set out to prove his theory. He succeeded tremendously and produced traders that are heads of some of the largest trading funds in the World today. Traders who manage Billions of dollars every day.
That group's success makes the case. Successful trading is best learned from a qualified teacher or mentor of trading.
Fortunately, this teaching process is still available and continuing to this day. There are still those who enjoy passing along their hard-won wisdom of the markets to newcomers and those eager to learn from them.
We intend to explore and gather together a listing and some details of trading systems strategies of Master Trading Mentors in the coming weeks and post them to a site appropriate to the markets they trade successfully. You can access that site through the link at the end of this article.
We'll be starting with the Forex Trading Markets first and once we've located a few good traders willing to teach their methods to new students, we'll move on to locate them in other Markets as well.
There is another factor to consider when searching out a real master trader and that is the time-available factor. Even the best of teachers have limited time resources and several master traders I've been researching have already stopped accepting new students. They may perhaps do so again. We can only wait and see.
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About the Author
Why waste time and money when it comes to learning how to trade? Tap into the wisdom of Forex Master Traders and their successful learning how to trade strategies instead of struggling and losing Time AND Money. Find WHO is willing to teach and their learning how to trade approaches.
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