Can trading make you rich?
Let’s not beat around the bush, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In fact, 71% of retail investor accounts lose money when trading CFDs. However, there is this 29% of investors that don’t lose their money! Of course, everyone wants to be part of this percentage so that they can pursue their goals.
Clearly, there are also those who are not only aiming to be a part of the 29%, but want to become part of this percentage behind which the big profits are probably hidden!
As with all things in life, you need patience, effort and also knowledge, in order to get the opportunity to try and achieve your goals. Luck also plays an important role and is capable of helping realise a dream within moments.
However, there are some important practices that if followed, can bring you closer to success. Let’s call it following some management rules. Set achievable goals, much like aim high – start small – and keep going!
Be ready to manage a bad situation, and maintain your discipline – probably the most important trait that a person can have generally in his life. Ηere comes another important function in the formula: choosing the right broker through which you will acquire the right trading tools, and the right services that will help you organize your plans.
By havıng all this in mind, start with the simple things that you know you can achieve and challenge your trading skils for a shot to be part of the 29%!