Trading for a Living: Psychology, Trading Tactics, Money Management: 31 (Wiley Finance)

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You don’t need to do it right away, but you also don’t need to abandon all your other income sources either.

You may be a great trader; you’ve created a great living for yourself or have run your account up significantly. Also, as you gain trading experience, you will adjust stake sizes according to your confidence in each trade and, perhaps, get involved in more trades.

You may even be able to stay with your current employer and gradually cut hours or, if getting out of that job is one of your motivations, look for something else. This gentleman is clearly smart and I gained some good nuggets of wisdom from listening to this on CD. Many think this is related to how 'fiery' you are, but in my (extensive) experience, it's actually not.

A successful day trader often utilizes a range of methods such as technical analysis and margin trading to maximize gains. However, the globalization of the financial industry has allowed numerous platforms to develop outside of strict regulation. I know many of you want to trade for a living, maybe because you are unsatisfied with your job, or you enjoy studying and trading the financial markets, or you want to make more money.This includes reliable technology and hardware, plus a suitable workspace (whether that is at home or elsewhere). Unfortunately, the market never forgives the ones who are unprepared, as most retail rookie traders lose their first initial deposit. We understand that not everyone can donate right now, but if you can afford to contribute, we promise it will be put to good use. This 3 hours audio book is great introduction to trading psychology if you are new to the concepts and probably can learn a few things even if you have experience in this area.