Constantly Learning How to Trade

                Trading is an ongoing thing.  It is something you constantly learn how to do or how to improve.  Constantly learning how to trade is the only way to gain long term success.

                When you are first starting out you want to learn as much as you can from the market.  Why?  Because you don’t know anything.  When you are new to the market you want to read as much information about how to trade the markets as you possibly can.

                There are hundreds of books out there that can give you insight on hundreds of different trading approaches.  So you have no excuse on not finding the right information.

                I am suppressed to hear that most people who try to make money in the stock market do not put much effort into learning how to trade.  They just expect to jump into the market and become instant millionaires. 

                That is just unrealistic.  You will not have any long term success in the markets unless you understand at least the basics of how the market works.  You wouldn’t try to fix a computer without knowing how it works first why trade like that.

                Although reading is important it will not by itself make you profitable.  New traders should also be constantly observing the market even if they are not trading it.  If you are new you should be papertrading and working on their own systems.  Only when you are comfortable should you put real money into the market.

                Even experienced traders with 20+ years of trading should still be constantly learning.  The market continuously teaches even the professionals.  Every system has its flaws and every trader will be wrong now and then.  There is no point in which you know everything.  Improvement is always possible in the world of trading and that is what makes this field so exciting. 

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