Being a trader is not easy – I think we can all agree to that. Being a trader seems to be very challenging and it also seems that it is getting progressively harder to do. But, as with absolutely anything, there are two sides to argue here.
So, is trading getting harder and harder?
YES!
1. There is way too much information.
2. There is too much choice.
3. There are adjustments to be made.
1. There is way too much information.
Every day we have to get through tons of information that allegedly has to be helpful. But in reality too much information is only getting trading so confusing and so difficult, that we may easily get lost in its volume. Plus, it seems that politicians and market makers around us are determined to make trading more and more difficult as weeks go by, doesn’t it?
2. There is too much choice.
Choosing is one of the most difficult part of trading. After all, making a wrong choice can not only result in a win that is not going to be sufficient, but in a full-blown loss as well. That is why we always doubt, what segment of the market and what asset to choose. We are afraid to miss out of a good trade, but unfortunately that risk is always there.
And it is not only assets that we have to choose. There is also a matter of trading signals providers, trading strategy, broker and so one. So many decisions, so little time.
3. There are adjustments to be made.
Trading has all the potential to turn things upside down for you. and that is understandable. We start having new interests, new time-table and new knowledge. Of course, that is not all as we start being under much more stress. That reflects on our life as well. It is hard to leave trading behind because we all start thinking about the markets all the time.
There are huge adjustments to be made. And that might be very difficult.
NO!
1. Machines are doing most of the work.
2. You just have to make a choice.
3. It is as difficult as you make it.
1. Machines are doing most of the work.
Trading platforms with built in calculators and automatic drawing tools. Trading signals that eliminate practically all the need for thinking on the trade for too long. Everything that you need for executing a trade in the palm of your hand.
If you know how and when you need to use all the tools correctly, you are never going to think that trading is hard.
2. You just have to make a choice.
We have already greased the matter of choice. But as soon as you make one, the process becomes very easy and very pleasurable. As soon as the choice is made, you are going to know what news and information you need to use and that is going to be your primary goal and focus. And nothing is going to be able to avert you from it.
3. It is as difficult as you make it.
If while trading you are going to focus on difficulties only, then you are not going to see pleasure behind it. Trading is only difficult as you make it out to be. If you are enjoying what you are doing and are willing to dig a little deeper, then you are never going to think that it is difficult.
