It`s bad enough that just over 80% of all online investors lose money from day one. It`s even more disheartening that only a small fraction of the remaining 20% ever make consistent profits over time.
So, why do so many online stock traders fail?
Ironically, they plan to fail!
They have no trading plan to begin with. They lack prudent judgment. They have no concept of risk management. They don`t understand volatility. They`re driven by greed or fear. They falsely believe that intuition has a part to play in their trading outcomes.
And, worst of all,
They lack the patience and discipline to employ time proven online stock trading strategies when they`re needed most.
As a guy who also once paid heavily with his own hard earned cash for ignoring the value of implementing sound online stock trading strategies, you can take it from me, there are no medals for ignorance in this game!
If you truly want to succeed at online stock trading, then you need to realize `quick smart` that you cannot afford to be so foolhardy as to believe that you`ll get it right every time. I don`t care how good you were at maths,or how many insider traders you know.
It just aint gonna happen!
The REAL secret to online stock trading success lies almost solely in your willingness to seek out and utilize proven, rigidly structured online stock trading strategies – and stick to them, no matter what!
Assuming that not all of you reading this article are seasoned pros when it comes to online stock trading, let me give you some well intentioned, light hearted advice:
If you believe you`re a brilliant trader because you doubled your money in your first and only trade, you`re deluded!
If you doubled your money in your first two trades, you`re a genius and I seriously question why you`re even reading this article!.
If your next door neighbor`s best friend`s boss`s cousin has a hot trading tip about a penny stock that`s about to `explode`, wish him well, and then go buy a lottery ticket, because unlike the hot tip, you`ll only lose TEN bucks!
If, on the other hand, you`re simply hell bent on improving your trading skills as well as arming yourself with powerful, profit pulling online stock trading strategies, seek out an online stock trading coach and mentor who has the credentials and patience to teach you what you really need to know.
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5 Steps To Opening An Offshore Bank Account
If you`re investing for the first time in an offshore account, it can be confusing. You must choose a reputable bank and handle the ins and outs of offshore accounting procedures. There are no first time investing procedures to follow. However, the following five simple steps will give you the information you need.
3 Major Reasons To Bank Offshore
One of the biggest decisions you may ever make is selecting a bank, so knowing all the facts is very important. Many people are choosing to open offshore accounts. Why does offshore banking seem to be so great? The 3Ps, or privacy, protection and profit are the three major reasons to consider investing offshore. We will look at them in this article.
15 Things You Should Know About Offshore Fund Managers
Do you know the person managing your money? If you don`t, you need to; knowing who is managing your fund is as important as knowing where your money is. It`s absolutely essential, and you should not hesitate to ask as many questions as you wish so that you`re sure you`re comfortable with where your money is being invested.
