Wednesday, July 29, 2009

STAGE TWO: LEARNING THE INS AND OUTS OF THE TRADING BUSINESS


Once you know your natural wealth path is the trading game, you would invest, first, your time to learn the ins and outs of the trading business. I can tell you that you do not need to have any degree of finance to learn this business. Most of the financial subjects are not as hard as what you thought. What it needs is your determination to succeed and an average intelligence. As I mentioned in previous posts, trading success is 20% technical and 80% psychology. Emotional intelligence (EQ) is more important than technical intelligence (or in other words, Intelligence Quotient (IQ)).

Most Wall Street and financial planning people tried to make financial subjects complicated so that an average person would not be able to understand them and hence hands his or her money to these people to invest! This is a fact as detailed in Robert Kiyosaki's online book "Conspiracy of the Rich". Today you've seen many such examples in Wall Street already exposed to public such as Bernard Madoff, Allen Stanford, etc.
Below are some free resources that I find useful for you to get started:
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Stay tuned!