Commitment to Success in Commodity Trading
As I have repeatedly stated… commodity trading is the easiest yet the hardest thing one can ever do. Too many aspiring commodity traders or forex traders search for the holy grail. They search for indicators…mechanical trading systems or basically the answers.
The only answer is, simple ideas traded over diversified markets with multiple trading systems with an emphasis on risk management stand the chance of succeeding overtime. Once aspiring commodity traders or forex traders realize this as well as the fact that trading is a probabilities game they are on their way to success. Probably more importantly than any mechanical trading system is how the commodity trader thinks. In order to succeed in commodity trading commitment is needed. This commitment is like anything else in life…such as marriage or sports. Too often after a draw down an aspiring commodity trader gives up. The key is you really have to want it if you want to succeed in commodity trading. You need to know as an athlete knows… no pain…no gain… In commodity trading there will be plenty of pain. Draw downs are certain to happen as well as losses will happen with regularity.
It does not matter if you allocate to commodity trading advisors or if you trade commodities yourself. Commitment is a must.If you want to compound your way to wealth you must have this deep desire to be successful. If I can do it…so can you.
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Futures trading involves risk. People can and do lose money