5 Ways To Increase Your Odds Of Trading Success

Succeeding at trading is reserved for a small percentage of people.

Successful traders are a different breed of person who've managed to battle the psychological pitfalls but have also found a trading edge that they are consistent at trading.

It's an older statistic but when Forex brokers were surveyed, it was revealed that 80% of their account holders lose money in the prior quarter, which means that their actual losing rate is even higher.

When we survey people new to NetPicks, the number of people losing ranges from 88% - 92% at the time when they first come to us. 

They come to us because they want to succeed at trading and obtain whatever goals they have set for themselves.

Long-term success is not impossible for the disciplined trader.
Successful Trading Is An Exclusive Club
I actually feel it’s a positive to have high numbers of losing traders.

That might make little sense considering we’re in the business of training successful traders but I realize, for those of us who are successful, there has to be others that struggle. It’s a reality of trading.

Not everyone can get it right, and if it were so easy everyone would be doing it and statistics show they are not.

Day trading, where many start off, is a challenge especially for new traders. 

Whether it's Forex, Futures, and even Options and the Stock market, a new trader can become overwhelmed by the flashing lights of their computer screen.

Without a solid trading strategy, a trading account funded where they can handle risk, understanding risk controls, and other variables, these traders end up being on the losing end over time.

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