Trading on Target: How to Cultivate a Winner's State of Mind

WHAT TO LEARN?

What to learn is, of course, just as important as how to learn.

1. Trading issues: A trader should devote a certain proportion of his learning to issues related directly to trading. For that reason, he should be reading every book on the subject that he can find. The more widely he reads, the less likely he will be to fall victim to the influence of any one voice or viewpoint, until he finds a voice he feels confidence in trusting to be as unbiased as possible. In addition, he would do well to read about the technical aspects of trading, the market both locally and globally, and trading psychology. He should be attending as many seminars, workshops, and trading conventions and symposiums as he can.

2. Economics, political science, history: But, then, he should be widening his grasp of the world of trading by throwing his net out further and further into the realms of general economics, political science, and history. The operation of markets is best understood in the light of historical perspective.

3. Business issues: In addition, a trading career is a business and a trader is an entrepreneur. For that reason, a trader who wants to be in business for a long time would do well to learn more about operating a business. Not only are there excellent books available about business management, most communities have a local business college or community college that offers courses on running a business, accounting principles, taxes, and personnel management.

4. Health ...