I read blog posts of people who talks about “how make money by trading”, “how manage the risk” and many other things.
What I find is that many of them have not a real practical vision about what to do methodically to make money.
If people who reads these posts are making trading with a very small account or they are newbies, the reading becomes almost useless.
The Key of the Success in Trading is the Repetition of what works properly for the trader.
Instead, I read around many things that seem good, but at the same time they are also very smoky.
I don’t trade to become the best trader. I trade to make money. ~ Girolamo Aloe
What I suggest to every trader, especially the new ones, is just to stay focused on what is working well. Trading is a long path. We don’t need to trade everything to make money. This is valid for Forex Trading, Stocks Trading, so as for any Trading Market.
Find a Trading Niche
What is necessary is spend some months to study and practice. In this first stage of the trading adventure the wise thing is just Trade Small Sizes.
The Trading Niche is a pattern that seems easier to trade, the one where the trader recognize he is able to make money properly by himself.
Study and Practice are Mandatory and they are the best way to realize where a trader can do better. This lets to Find that specific Trading Niche that can make grow the account.
When the trader understands where he can definitely make money, he has to focus on it.
My Trading Niche
The Advantage of the Repetition
Realizing what is the most profitable practice, the trader has to specialize himself to trade it. The Trading Niche that the trader finds becomes for him like a gold mine.
The Advantage of the Trading Niche is the Repetition.
When the trader recognizes that specific pattern where he is able to get success, the right thing to do is just Continue to make trading on it.
Be specialized on a Trading Niche cuts the risk to lose money.
Keeping the focus on a specific Trading Niche, repeating the trading practice on a pattern, time by time, puts the trader in the situation to skip a lot of other profitable trading opportunities. But the trading of the specific niche gives profits continually, making grow the account consistently.
The Trading Niche, increase the percentage of Successful Trades considerably.
The Trading Practice in not like sit on the table in the Casino. Every new trader who approaches to this business has to understand that Trading is NOT a gambling practice.
For every new trader the recommendation is just to Study and Experiment.
- Start Trading with Small Sizes.
- Cut Losses Quickly.
- Find the Trading Niche.
- Make Profits.
- Rinse and Repeat.
The best way to make Grow the Account is just Find a Trading Niche and stay focused on it.
Experienced traders are more specialized and they can trade following several Trading Niche and they are more adaptive to the changes. In any case, they don’t take unnecessary risks.