How To Avoid Costly Trading Mistakes

Day trading offers a tempting opportunity to make money. To millions of people, the appeal of sitting at home and generating hundreds, even thousands of dollars a week is the answer to their financial dreams. The opportunity is real, and the price of entry is cheap: a trading account can be opened with less than $1,000. All this is true - but underneath the allure of day trading is a secret that is never mentioned to aspiring new traders: "..this market wasn’t created for you to make money. It was created for the big players to make money from you!" This course shows students many of the ways the major players end up winning at the expense of the unwary - new traders in particular. Most new traders lose money and this course demonstrates how to avoid the mistakes and pitfalls to watch for. The market disguises its moves in a way that tempts traders into trades that are counter to the direction that prices are preparing to move. New traders especially are lured into losing trades because they are not prepared to recognize that they are being set up. Stop runs, for example, are one of these, and they occur multiple times every trading day, but there are many other mistakes to avoid when trading. The obvious benefit of this course is that students are prepared to expect and can recognize these false market moves and learn to avoid them, so as not to be tempted into making losing trades.

Students will be better prepared to avoid costly trading mistakes with the result that a higher percentage of trades will be profitable.