HOW TO GET STARTED THE TRADING BUSINESS?

As promised in the last post, I provide here for those of you who have already discovered the trading game to be likely your natural wealth path.

In fact, there are tons of free materials on the internet to tell you how to get started the trading business, some genuine and usefull, others simply marketing. In this post, I provide you my own experiences of failures and successes that I've gone through with this business.

Trading is NOT EASY as some of the materials on the internet telling you. The two key points are that

1. You have to make sure that the TRADING BUSINESS is in sync with your natural talents and habits. The TRADING BUSINESS is NOT for all people! You may want to find out whether you are suitable to this business or not by taking a Wealth Dynamics Profiling Test (provided at the end of this blog). If the result is not, then you'll know which line of business you should pursue according to your natural talents and habits.
   
2. I cannot think of any traditional business which provides:

• Freedom of place where you can run your business. You could sit on a beach and do trading!
  
• Freedom of where you want to live as long as there is internet connection.
  
• Freedom of how much you plan to make, depending on your talents and skills. The market is able to provide you profits of millions USD per year. George Soros made over 1 billion Sterling Pounds just over night!
  
• Freedom of relationship. You want to work with whoever you like, not just because that you have to stick with a person or group of persons to get some benefits out even though you don't like that person or group of persons!
  
• Freedom from dealing with daily human factors involved in your business such as suppliers, customers, employees, etc. Today, the trading business is run on the internet based systems and tools. As such, automation is a large part of it.
  
• Global business with the largest turnover of over 3 trillions USD per day for forex market. Other markets such as stock, options, futures are smaller but big enough for your millions game.
  
• Freedom from the world or local economic booms or busts like today's economic crisis in most parts of the world does not affect the trading business but even created more opportunities!

I divide the startup for the trading business into 5 stages as depicted in the diagram at the top of this post.

1. Stage One: Find out Who You Are and If the Trading Game is Your Natural Wealth Path.
2. Stage Two: If you are a natural trader then embark on the learning of ins and outs of the trading business.
3. Stage Three: Open a demo account with a broker then start trading with virtual money.
4. Stage Four: If you are confident making money in your demo account, it is time to move on to the next level of trading with real money.
5. Stage Five: As you learn by trading small real money, increase the trading capital as time and success go.

In the following posts, I'll write in detail what exactly you may do to help you on your journey to successful trading. Stay tuned.