One of the main enemies of saving money is inflation. It is known as the silent killer. The following are the Current Inflation Rates 2021: +6.2 percent All together. +5.3% increase in total food. Food prepared at home has increased by 5.4 percent. Food consumed away from home increased by 5.3%. +30.0 percent total energy.…
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T. Harv Eker’s book Secrets of the Millionaire Mindset demonstrates the significant difference between how millionaires think and how people with a poor mindset. Wealth begins in the mind; no matter what your circumstances are, your financial future will be more in line with your thoughts and actions. Many people rise from humble beginnings to…
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One of the most common mistakes made by new traders is that they believe in noise. Most of the new traders traped because of noise. Noise does not lead to profit; instead, it leads to a state of confusion and frustration. Signals are what a new trader should be looking for. That’s why the new…
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Trading Mentality Of A New Trader, in my opinion, has three components that must be managed correctly in order to be a successful trader. Risk management, system management, and mental management are all things that need to be considered. Majority of Losses I believe that almost most of the 90% of traders fail. They fail…
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What is the cause of the biggest trading losses? Is Your Trading Destroying Your Capital? These are questions you must ask before starting trading. These top 30 reasons will help new traders avoid losses. “What was the source that is Destroying Your Trading Capital?” Having no plan for getting out of the trade. Being certain…
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Is Stock Trading is Gambling? There is a popular misconception that the stock market is similar to gambling. Those who invest in the financial markets are simply speculators who are fortunate enough to make a profit. Although investing/trading and gambling have some similarities, they are very different. Trading Vs Gambling The difference between gambling and…
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How Many Successful Day Traders Are There? This relates to a success rate of between 3.5 and 4.5 percent. Another ten made a profit, but not enough to keep trading. The success rate is around 6% to 8% If success is defined as being marginally profitable (for at least a few months). There are Many…
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Is It Possible To Become Rich With Day Trading? Yes, it is possible to profit from day trading. Many people have made millions of dollars solely through day trading. Ross Cameron, Brett N. Steenbarger, and others are some examples. When someone asks “Is It Possible To Become Rich With Day Trading?” The important thing to…
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There are Eight important things each trader has to accept if you are truly serious about becoming a trader. You’ll have to accept that over the long run, only about 60% of your trades will be profitable. With some strategies, it will be much less. Accept that having big wins and small losses, rather than…
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There are various stages in the development and the career of a trader. Because of this, I think that there are various stages in a trader’s growth and professional life. In the beginning, you don’t know anything and you don’t make any money. Then you become a good trader and generate income, and then you…
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