Getting right materials to trade; why it's essentialFeb 10, 2023
As I sit here at my desk in sunny East Anglia, I can't help but reflect on the vast amount of questions regarding trading 'signals' and all the potential shortcuts on a Trader or Investors journey. That's because to be completely honest, there just isn't one. In reality, the long way is the short way and work is required. Like anything else, if its rewarding to you, it's probably going to take time. The way you go about this journey often has two outcomes;
You spend money on losses in Trading for years
You learn from people who actually Trade and don't lose money.
Naturally, it's way more cost effective to conduct your venture in the latter. That's just because you will save years of time and you will also save money. Circling around methods for a long amount of time, losing money in Trading losses is not cost-effective. Why not just buy a course and mentoring that works with the money you would've lost not knowing what you are doing? Wouldn't that just be faster, or save your years of time (and pain)?
For lots of people starting out Trading in the markets, that concept is extremely hard to grasp and with good reason. After all, if it was easy, everyone would do it. But, it's not and you need to learn what the best way to deal with that is. The reason why Trading takes a long time to learn is often because you do not have the tools and mentor to do it, or you are just taking a while to get there. The longer that journey is, for a lot people it becomes more tiring and they lose commitment. So after losing money in their broker and getting nowhere, they just quit.
But being a quitter never gets results, as does making no investment in yourself and your learning. Of course, it'd be great if we could just work it out with no guidance, but learning from someone who hand holds you through is a lot easier. Someone who makes sure your Drawdown or equity never reaches dangerous levels and allows you to trade safely at all times. Continuous gains with small size trades helps you grow as a Trader and in confidence. After all, confidence is what you need and you'll only get that if you can see clear progress.
So all in all, if you are trying to learn to trade and do not have any plans, you are probably going to spend a lot of time and money on it. Join Willofthetrader and come inside our academy, it might just save you a lot of time (and money)!
Founder Of WOTT Trading Academy; The Honest Trading Service