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Education

Basic Trading Concepts Tutorial

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26 November 2007 @ 03:03 am EST
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it comes to something as complex as trading, it is important to

acknowledge the preconceived notions you may have about trading and

to understand that you probably have much to learn about this

complex subject, especially if you intend to master what could be

the most difficult undertaking you will ever attempt.

First

and foremost, despite what you may have heard or read about trading

being an easy, get-rich-quick scheme, the truth is that there are no

trading secrets and no easy paths to quick success in trading

markets. Beware of anyone who tries to tell (or sell) you such. It’s

no coincidence that trading markets is similar to most other human

endeavors: Hard work and experience are required to achieve notable

success. By the same token, understanding the process of trading can

be achieved with perseverance and a willingness to continue to

learn.

Ironically, a major advantage of being an experienced trader is

knowing what you don’t know about markets and trading. There are

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