for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical performance results have many inherent limitations, some of which are described below. Past performance is not necessarily indicative of future results. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. An investor could potentially lose all or more than the initial investment. While discipline, risk management, and trading skills are important to becoming a successful trader, I also believe that a healthy and satisfied person can become profitable in the financial market.įutures and forex trading contains substantial risk and is not for every investor. I do this by setting up clear trading rules that help me achieve my goals and stay focused on what matters most. Rather I want to be the one who drives the market. I don’t want to be the one who’s being driven by the market. I always ensure I am in control of my trades to run my business effectively. It’s easy in this business to get excited or overconfident, but you can’t let those emotions take over. The next important thing is that you have to be disciplined. There are tons of different business strategies out there, but for me, the most important part about trading in the financial market is having your personal strategy and then just committing yourself to it 100%.

I would say that having a good understanding of how the market works and being able to develop a trading plan with clear objectives, risk management rules, and money management rules is the key to success. I suppose the first thing that comes to mind is a little common sense.

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