There are many forms of investing online. While I can give you a list that is a mile long, these are
most common forms of successful investments. Some of
following know how to invest terms are:1. Option trading 2. Future trading 3. Currency trading 4. Stock trading 5. Future trading 6. Forex trading (or) foreign exchange trading
I want to start this investing online critique out with a story... On a beautiful late spring afternoon, twenty-five years ago, two young men graduated from
same college. These men were very much alike. Both, better than average students, were personable and filled with ambitious dreams for
future.
For
sake of my example, I will set both college graduates off online trading using a day trading plat form. Through a gift, both start with
same online investing investment risk capital,
same daytrading plat form, and
same trading system with precise rules for entry and exits.
Shockingly, there is a difference. After one month, one day-trader went broke / bust, while
other day trader returned a 20% profit.
Have you ever wondered, as I have, what makes this kind of difference in people's trading? It is not always a native intelligence, talent or dedication. It is not that one person wants success and
other does not.
The difference lies within
psychology of
brain. Your psychological mind set is likely to play a larger role in your trading online career than your chosen technique or any other details associated with your day-to-day practice.
Here are some good examples:
1. One person looks at a glass ½ empty, while
other personality looks at that same cup as ½ full. 2. Someone may look at problems and call them stress, while another individual looks at troubles as challenges. 3. Another one may look at a ship in a storm as an adventurous roller coaster ride, while another human being sees
same situation as a hurricane that has a death call.
I am not
only one to discover this...
In his book, "Trade Your Way to Financial Freedom",
renowned American psychologist Dr. Van Tharp discusses
role psychology plays in trading success. He divides trading into three Ingredients.
In his pie chart: