What Effective Traders Act and Think: Underlying Principles and Winning Strategies for Trading - E-book - ePub

If you want to learn how to trade professionally on the stock exchange, you have to be aware that there is no one way and there is no holy grail of trading either. Becoming a professional trader is sometimes a hard and rocky road. But those who have walked it know that investing the time, effort, and dedication into trading is worth it. This book explains the most important basics that are required for professional stock exchange trading.
The logic of trend trading is the most important technical basis that a newcomer to the stock market must internalize. Above all, it is necessary to constantly put oneself in the position of the other market participants. Because we traders have no chance to move liquid markets. All we can do is swim with the big capital and never trade against it. It was very important to the authors of this book to provide the reader with specific setups.
But these setups won't help the reader much if they don't understand the logic behind them. The chapters on risk management and psychology are just as important here, because many mistakes lurking here are easy to make, especially for a novice trader. If the reader is to really derive any benefit from this book, then it is necessary to read it more than once. Because if you really toy with the idea of learning professional stock exchange trading, you not only need time, but also a lot of energy.