Trading
is a challenging domain. It requires a perfect balance of science and art to
become a successful trader. It is, indeed, true that only about 5% of the
traders end up being profitable and successful; however, what segregates successful
traders from the unsuccessful ones is the attitude and passion for learning.
A
successful trader must learn how to trade and keep learning the science of
numbers, use of technical indicators and technical analysis, chart reading skills.
However, science is incomplete without the art of adaptability, flexibility,
creativity, and clarity of thoughts. To become a successful trader, one must
exhibit sheer determination, hard work, discipline, and remain unaffected by
emotions.
Resources to Learn How to Trade
There
is a vast array of opportunities available to learn how to trade. Individuals
can choose the option that suits them the best depending on the personal
requirement, costs involved, past trading experience, and their physical
availability.
•
Trading Courses: Many reputable institutions,
like the Australian
Investment Education offer trading courses to learn how to trade.
These courses are suitable for both beginners and veterans and are
comprehensive for those who want to start from the basics and build a strong
foundation.
•
Podcasts: They are similar to trading courses in
helping traders learn how to trade. They are audio discussions between top
traders and analysts who share their insights and real-world experiences with
the budding traders. One of the most beneficial podcasts for Australians is Money
and Investing with Andrew Baxter. The podcasts cover a variety of
investment education content, including knowledge about dividends, blue-chip
shares, first home buyer tips for Australians, and how and where to invest your
money tips.
•
Live Events and Webinars: In addition to the
trading courses and podcasts, live events and webinars also support budding
traders to learn how to trade. AIE hosts several live
training workshops that teach individuals how to generate and manage
income through trading.
Once
traders are well-equipped with theoretical knowledge, they move on to test
their skills and strategies in a controlled environment. Finally, when the
learning traders are sure that they have acquired the required theoretical and
practical trading education and have learned how to trade, they move on to the
final step- live trading in the real market. They implement all that they have
learned and establish their professional career.
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