6 tips on becoming trading billionaire
As long as we started talking about traders-billionaires, it is a good opportunity for us to talk about what we can do in order to become if not billionaires, then at least millionaires from solely doing trading. What are the steps that we can take to make that happen?
Well, I am here to tell you that there are 6 steps that we can take in order to come closer to rich, luxurious life.
1. Take innovative measures.
2. Look into the needs of the market.
3. Never be too self-assured.
4. Make smart investments.
5. Do not invest in ‘the next biggest thing’.
6. Do not quit.
1. Take innovative measures.
Do you have potential and technical set of mind? Then this way is just for you. You need to look into the numbers and see the hidden message that they can bare. You are also to find a way to read into those numbers and use them to traders’ advantage. In other words, you need to leave the old ways behind and find new ways. Ways that can help other traders with the flow of time.
2. Look into the needs of the market.
Ok, this one is for those who have been in trading for at least a couple of years. But with the right potential and with the right set of knowledge you are going to find the patterns and the need of the market. You need to fill you own niche, and we all know that every one of us has our own niche in the markets. As soon as you find you place you can really unveil you potential.
Just be sure, that your way of looking at charts is unique and understandable.
3. Never be too self-assured.
It happened to a lot of us. As soon as you start looking at a world with too much self-assurance you are going to come across something that is going to knock you down. And it is just the same in trading. As soon as you stop developing and looking for the new ways you are going to start coming across things that you do not know. And that may result in
your losing precious pips.
So, never act and think that you know it all. Always move forward and look for new things for you to learn.
4. Make smart investments.
Not only trade, but invest as well. Look for the best opportunities and never let them go. After all investing is like getting another income you don’t really have to work for. You have been working for money for enough time, now let your money work for you.
But do you research. Never invest on a whim and always-always check in with your percentage – see the growth.
5. Do not invest in ‘the next biggest thing’.
As long as we are talking about investment… never invest in the next biggest thing. You know, like digital coins and new promising companies and start-ups. Although these investments look extremely good – in the beginning they do not require a lot of money and the return is promised to be good, the risk you are taking is not always worth it. What if it fails? What if you are left with nothing? No. You need to be sure that your investment will pay off.
Take your time and wait. So, what if you will have to pay a bit more? Isn’t security of your money worth it?
6. Do not quit.
Do you know how much times Warren Buffet failed? All of the others on the lists? How much money they lost along the way to becoming billionaires? Well, I think we can at least try and imagine. Now, for you one bump in the road might become discouraging, but in the end there is nothing to avert you from your way if you really want it. So stay true to yourself.
