With the holiday season upon us, I thought I would share my favorite trading tips with you over the next 12 trading days. I believe that as a trader, you should always be looking to improve your knowledge and trading skills. If you don't, you could get left behind or worse yet, make a huge financial mistake.
With that, let's start with the first tip: EDUCATION
Educate yourself about the nuances of trading. This is perhaps the most important element of trading and one that you can do for yourself and your loved ones. Educating yourself on how the markets work is like the gift that keeps on giving. There is no shortage of information and advice out there. Start reading and watching as much as you can from as many different sources as you can. It will pay off in the long run.
It was a little different when I started trading oh so many years ago.
When I arrived on the trading floor and went into the trading pits, it was somewhat intimidating. I mean, I was surrounded by some of the best traders in the world. I leaned on these guys in my early career and learned valuable lessons from them by asking questions, mimicking their styles and after a while I began to settle in and get my bearings. I learned some valuable lessons and most importantly I learned how the markets worked.
My advice, educate yourself. It's the easiest thing you can do.
Every success with MarketClub,