Tuesday, November 3, 2009

Every one knows trading is easy for all.But, Making profit out of the trade is not easy, Making consistant profit is still tough...

So do not think trading is easy way to make money. It has all flexi advantages, but over all our expectation is PROFIT. There most of the traders were lagging.

My idea to start this site is to give ideas to traders who really want to learn and trade. This site is not to give tips. I hope most of the traders saw the performance of tips. Tips may create 90% success rate to tips creator, but it never create the same to tips follower.It has lots of backlash.

My suggestion is if you really wants to make money in share trading(Intraday or Investments) you get idea how to trade and how to correct if you do any wrong trade. If you see any successfull traders, they mostely born from loss. Loss teaches traders a lot then a good teacher.

When you people trading you need to have plan.And most important thing is belive, your plan is good. Do not compare you plan with others.Also if any adjustment is required in your plan, do it slowly, do not alter the plan very frequently.

One important thing in trading is lack of mind set.People may have good plan, but due to instability in mind set, they can not implement it properly.What I feel is mind set contributes 70% and only 30% contribution from technical analysis or fundamental analysis.