3 key components to becoming a successful trader, according to Ron Wagner

Ron Wagner shares 3 key components that every successful trader has

1) Accountability - We must be honest with ourselves about our progress and goals. Human nature for most of us causes us to do things the "easy way." In fact, it is easy question to learn the right skills, perfected it and then systematically use them.

Because many prefer to hide under the track and the difficulties that accompany a new venture, the ego gets in the way. Accountability, monitor and evaluate their progress will be key to our ultimate success.

Let me explain it another way. Any worthwhile endeavor is a structured method to be studied. Trading universities or schools have a certain cycle. Although we have not perfected a skill we have a job yet know what is expected of us and measurement most often reflected by appraisal.

Operating performance is measured by the standards set by those who were there before us. In many cases, internships or training periods are applied. Why marketing of our real accounts differ. Who will administer this accountability? If we do not have a way to do it, failures and difficulties are very likely. This is why many traders fail to build their accounts.

2) Responsibility - We build our financial ability to trade their own accounts, and we're ready. We studied enough material until we reach it. We know some techniques in theory. We even tried a few deals along the way.

Then something happens! In the middle of the battle we are taken to countries. Somehow we have changed forever once we start trading with real money.

If we did not want another successful transaction. If we lose money, we want revenge. How can we overcome this? We must be responsible and stay focused on our goals

Will you hire yourself to your trading account? I think this is a key question that everyone must answer. If you hire another to manage your account, you will have rules to him? Will you continue to keep it working if you break the rules?

Realizing responsibility is to see that this business of trading and investing in our own accounts is no more extreme and costly endeavor, but we must be accountable and responsible. We should have a plan of action that keep us focused. We can not be like "gentlemen" when trade.

3) Passion - The last piece that I want to leave you. What you want to do and what you are good may be two different things. You can intellectually to say you want to trade an hour a day and make a lot of money this way. Your skills at first can not give you any chance. Your passion is one that will help you achieve these goals.

I am and will always be a student of the markets. I love and have a passion for technical analysis. I find it amazing and extremely rewarding. We can read using technical charts what others think and when you will take action and then act thanks to this knowledge. If I had proven to myself that this is possible, how will I have a passion for the trade?

Everyone can learn the mechanical part of trading. Those who have a passion for something will be the key difference in being successful. Every day when he got up and preparing for trade, I can not wait to get to your computer. Although systematic, organized, accountable and responsible, each new day brings a little different challenge for trade. And I love that challenge and welcome it

While become a constantly profitable trader can go a long way to go before achieving your financial goals. Being consistently profitable may require a long time to keep his passion for the trade. Ultimately, we all love something goes well.

What will make the key and most powerful difference to your ultimate success will be whether it can deal with egocentrism and emotional blockages on the road, while developing a systematic plan for yourself.

My wife and I are trading their own accounts for more than 15 years, and I teach others to trade more than 13 years. We both talk about trading every day and I have the greatest pleasure to help others develop this skill because I know that the reward is worth it. No other activity can not pay off so well in a short period of time by just patient, disciplined and focused.

Fully I believe that some forms of successful trading are possible for almost everyone. Have you found your niche yet? Have you found your way already? If not ... you can! "

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