We
at the Academy of Financial Trading
always find it fascinating when we talk to our students about their trading.
During an initial discussion, we like to cover all relevant areas – their
history (if any), there intentions, their goals, their interests, even their
opinions.
Their
“opinions” which tends to be of most interest to us… simply down to the fact
that there is always an idea that “right now” is not the best time to enter the
market. Current market conditions are too volatile “right now”. There is too
much uncertainty regarding a militaristic conflict in some part of the world
“right now”. There are too many conflicting reports regarding the
overall global economic outlook “right now”.
We
believe that there are only a few certainties when considering trading.
One certainty is that the time to learn to trade is “right now”. Another is
that the best time to trade is also “right now”. The
world is always changing, it is always in a state of flux. There is
always economic uncertainty somewhere. There is always going to be a
conflict in some region. Volatility will always exist in the markets.
We
like the unpredictable nature of the markets. We like the ever-changing
environment. Can it ever be controlled? Absolutely not – only a
fool would think so.
You
can, however, control your trading. Analyse a market in the correct
manner. Use a proven trading strategy. Ensure that you have a disciplines
risk management technique. Remember that
the protection of your trading capital should be your number one rule.
Then learn to embrace the change – to love the “right now”. This is one
way to become a successful trader.
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