Trading Tip #4 - Practice Makes Perfect

Practice Makes Perfect: After you've studied and developed a plan it's time to practice. 12 Days of Trading Tips Day 4

Paper trading is a tool for new and old traders alike, much like an athlete practicing their trade is crucial to their success. Practicing allows you to learn and tweak your trading strategy without losing real money. Much like online education, there are a bunch of paper trading websites out there and some even have games tied to them.

Most brokers have this function built in as well. If you've watched financial TV as of late, I'm sure you've seen the newest commercial by one of the big online brokers touting this very feature to gain new customers. That should tell you how powerful practicing is.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

Trading Tip #3 - Market Cliches

Market Cliches: Learn and memorize those market cliches. They may be repeated a lot by websites, brokers and the like, but they do hold some value in their lessons.12 Days of Trading Tips Day 3

Let's talk about my favorite cliche: "The trend is your friend."

One might argue that the most important tip to successful trading is to stick with the trend as much as possible. I'm not sure who said it first, but they clearly knew the secret to making money in the markets. Any trader worth their salt will tell you that, It's easier to make money trading with the trend vs. trading against the trend.

It's something to think about next time your researching that next great trade. Am I going with the flow or not?

Here are a few more of my favorites:

"When in doubt, get out."

"Don't try to catch a falling knife."

"Sell in May and go away."

"Buy the rumor and sell the news."

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

Trading Tip #2 - Create A Trading Plan

You wouldn't start a new project without a plan would you?

12 Days of Trading Tips Day 2

Creating a trading plan is crucial for long-term success. You may get lucky for a while, but eventually not a having a plan will catch up with you, trust me. It will also help keep the emotion out of your trading.

Before I became successful in trading, I was unsuccessful. I just winged it and that's not the way professional traders do it by any stretch of the imagination. It was only after I created my own trading plan that I began to trade the right way. Up until that time, it was pretty much hit or miss.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer..

12 Days Of Trading Tips - Education

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.
12 Days of Trading Tips Day 1

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,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer.

What Do All Super Traders Have In Common?

Often what is missing from an unsuccessful trader's strategy has nothing to do with what trading software they are using or which technical indicators they follow, but more about their psychology as a trader.

What differentiates these "super traders" from the rest of us? Well, read the questions below and if you answer 'no' to any of them, then you may be lacking important characteristics that are holding you back from trading success.

-  Have you learned to develop patience with your trading?
-  Do you know how to come out of a loss as a better trader?
-  Are you able to avoid trading panic?
-  Do you love trading?

Watch today as Jack Schwager, best-selling author of Market Wizards, presents a powerful guide to get you on the road to profitability.

WATCH NOW: Market Wizard Insights

Enjoy,
The INO TV Team