Technical and Fundamentals

A proficient trader employs both technical and fundamental analysis prior to entering any trades. Many training courses ignore this fact, simply adopting longstanding technical analysis investment theory, when a month was seen as "very short term" and a year as "medium term" and several years as long term.

It is an unfortunate fact, when one comes to trading the markets, that there are many, many more losers than winners. Only a small number of traders make more money than the rest put together.

The difference between these two groups, the winners and the losers, is their attitude and mental approach to trading. Successful traders have self-discipline and control over their emotions, resulting in an ability to change their minds instantly whenever it is necessary.