Take two traders, give them the same starting capital, the same trading platform, the same market and the same trading system with precise rules for entry and exit. Come back a month later and what will you find? One trader will be up 20% and the other down 40%.
Its amazing isnt it, how two people can have the same opportunities in life and yet get very different results. The answer to success in trading lies within each of us. Whatever happens its your fault, plain and simple, its not your trading system or some other factor, its you. Yes, you!
Therefore, understanding the truth about trading, the ability to see the big picture is vitally important, especially for the beginner or the trader who is loosing money. Once you understand the foundational truth about trading then you are on your way to success. This is the first step.
Trading is a game of probabilities!
Lets flip a coin. Heads I win one dollar, tails you win one dollar. Heads should come up half the time and tails the other and we are both even. However, unknown to me you have a loaded coin. For every 100 throws, heads comes up 49 times, and tails comes up 51 times. You have a license to...
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