Top 6 points on education yourself.
Educating yourself is important regardless of what you do for a living. You need to have a basic understanding of every profession and then layer up everything you can find in order to be the most successful representative of it.
And in trading it is just the same. As soon as you think there is nothing left for you the learn – BAM! You find something you haven’t read yet. And that is just ok.
But sometimes we get so much information that we need to remember why we are doing all of it. Especially if we see no real results. And I am here to give you the right kind of motivation – why do we need to study trading?
1. You are a part of the bigger picture.
2. You increase your chance of success.
3. You are going to be in control.
4. You can teach people.
5. You get to have understanding of the basics.
6. You will be able to do things you always wanted.
1. You are a part of the bigger picture.
We all want to feel important. We all want to be a part of a bigger picture. And trading gives us that possibility. Traders as a community shape the overall view of the markets. And markets in their turn influence the prices of virtually everything in the world. Oil, gold, dollar, euro, gas, cattle, corn – everything that is traded is influencing the price of something. And it is pretty cool to be a part of something that big and important.
Look at it as your chance to leave a mark on financial history of the world.
2. You increase your chance of success.
By getting into trading you are increasing your chance for a better financial future and better income. And by getting additional education connected with trading you are only multiplying your chance for good money by several times. Pretty cool, right? And the more you educate yourself, the better the chances are that you going to be the one the financial papers are going to write about as a rising start of international trading.
3. You are going to be in control.
The more you know, the less you need people from the outside. And that means that you are getting more and more control over your own monetary present and future and less and less people can meddle into your finances. Getting more control over your own life – sounds extremely good to me.
4. You can teach people.
After a certain while you are going to gain so much knowledge that you are going to be able to share your knowledge with other people. That is, if you want it, of course.
5. You get to have understanding of the basics.
Understanding of the basics is a thing for newcomers. That is why this point is for them – you simply can’t get into trading without having at least some understanding of what it is you are going to be doing and the risks you are going to be taking. Plus, understanding the mechanisms of the markets if just a good knowledge to have for your overall personal development.
6. You will be able to do things you always wanted.
As traders we all want to be able to predict future trends and their reversals. But that is not possible without additional knowledge and extra hours paid into the education. But imagine – learning all of the markets’ behaviors and trends patterns – all of that can make you a real pro and help you make more and more money over time.
What are you studying right now? Tell me in the comments!
