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Index › Banking & Finance › Investment Advice
 

Why Do You Want to Become a Online Trader?

 
Author: David Jenyns
 

Motivational guru Tony Robbins teaches that the reason for doing something rates much higher than the methods you use to get the job done. In order to make your goal REAL, you need to attach severe, horrifying, intense and profound fear to failure.

Open up a notepad either on a desk or on your computer in a quite place and write a 50-page letter to yourself surrounding this question:

-- What is going to happen to me 20 years from now if I do not learn the successful skills I need to know in order to become a brilliant or the best on line trader?

Write your answers in detailed pictured thoughts. I have found that writing in length brings out the hidden agenda into realms of things that are too painful to face. This pain aids you to move into a different direction.

Now do the same exercise for this question:

-- Ask yourself Why do you want to become the best trader online?
-- What kind of trader do I want to become? Good proposal examples: online stock trader, online forex trader etc.
-- What trader market research would I like to pursue? The most popular illustrations: online daytrader, online swing trader etc.
-- What systems would I like to learn as a trader? A good example might be as an online fibonacci trader.

See, if you have a strong enough WHY that answers the following questions pertaining to trading then you will find a way, no matter how difficult the pain, to get the job done. Here are some ideas for your 50-page letter.

-- Do you want to create a stream of passive income?
-- Do you want to create a sense of security for yourself about where your next check will come from?
-- Do you want to earn income that will act as an extra supplement source cash so that you can afford some of the finer things in life instead of living paycheck to paycheck?

In his Rich Dad, Poor Dad series of books, Robert Kyosaki advises against anyone securing a part time job. Instead, Kyosaki suggests starting a part time business.

In my opinion, profitable trading is the perfect business and the best home based business opportunity. It is capitalism's best kept secret that will allow you to work at home. The market makes no distinction about your wealth, educational level, ethnic background or any other aspect of your identity. There is no room for office politics, difficult bosses or tricky employees in this arena. You can trade from anywhere. Follow a few simple rules, and you can run your business as you see fit.

That said; if trading successfully were easy, everyone would reap the profits. The truth is most people that trade will lose money. This is an unpleasant fact for a number of reasons. Nevertheless, the primary cause of why so many people lose money trading is that they simply do not know how to trade.

If you do not know how to trade, that does not mean that you are not smart. On the contrary, many highly intelligent people lose millions of dollars in the market.

If you do not know how to trade, the conclusion is simple you do not have a:

+ Coach / Mentor and or a
+ System

Most people never master trading because it seems difficult to win and they seldom have access to an experienced, successful trader or trading methodology that actually works. They usually go it alone or attend countless seminars and read even more books. Not that reading books are bad, but in most cases, nearly but not everyone ever reaps excellent results. How do I know this? Because I have actually been there

Trading successfully is difficult if you do not know what you are doing. Let me show you how to achieve trading success and shortcut your learning curve dramatically. If you have a strong desire to succeed, put in a little work and after a bit of practice, it will become easy.

 
 
 

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