Charts and Trades: What Next?
You’ve opened your first account with a broker? Great, congratulations! Success is around the corner, it seems: download your trading terminal, open it, and… begin making profits! Stop right there, not that fast. Did you come to this market to make profits, or for your dose of adrenaline while throwing your deposit down the drain? Trading is serious work, that requires skill and patience. Why, you would ask, after all there are so many people who’ve managed to make a profit in such a small period of time? In a manner of speaking, this is true, but do ask those people how they’ve fared in the long run? Luck doesn’t always follow them around, and talking publicly about losses… isn’t always pleasant. This is why the first thing that you have to do is to stop associating trading with easy money, and tune yourself into serious work. This is also true for aggressive advertising campaigns with promises of “becoming a trader in just five minutes”, “earning easily on price fluctuations”, etc.