Using a Trading Online Guide to Shorten Your Learning Curve

A trading online guide can help you avoid some common trading mistakes, and take years off your trading learning curve. You end up learning much more wisely.

What Learning through a trading Online Guide Means

Learning through a trading online guide simply means that you learn from the mistakes that veteran traders made in their careers. And trading from others’ mistakes is what wise learning is all about. It is difficult to put yourself in the situation of these traders and their emotions. Under circumstances which happened so many years ago. But with a little imagination and through reading these traders’ other books and materials, one can get into their mindset. These veterans do all kinds of trading, stocks, commodities and currency trading. They do not reveal their best secrets to anyone. But some very good trading tips are revealed in their trading online guide books and e-books. Some of these traders have worked at trading firms, investment banks, or simply on trading floors. They have seen how others trade, and have noticed the actions of successful and losing traders alike. Some of these trading tips may seem to obvious, after you read about them. But there is no way to easily figure them out as fast as you can read them in a trading guide. On average, it takes an experimenter many months if not years. Just to filter through many possibilities, and stick to the one tip that makes sense to use. If a trading tip is too ambiguous, poorly defined, or doesn’t prove itself in live trading conditions. Then it amounts to no tip. But these guides do come with real tips, big and small. You will be amazed with many seemingly obvious tips you didn’t even suspect existed. As well as more advanced tips which require some analytical skills. We will never know the best kept secrets of successful veteran traders. We can only guess that very good proprietary trading methods can be discovered through more than one path. At least this is what happens in science, where big discoveries are about a huge underlying truth. And usually more than one scientist, working independently, came to the same result. The discovery of the periodic table of elements in chemistry is such an example. Therefore, the same must be true about proprietary trading methods.

What a Trading Online Guide Offers Apart from Actual Tips

A trading online guide, allows you to get into the mindset of the author. And to possibly figure out more of their original thoughts. You can profile traders, by reading their books and seminar materials in-depth. So if a bigger trading tip, much more important than all other tips is somehow implied through the content in the trading guide. You might be able to put two and two together. In online CFD trading guides for example, a lot is explained about this or that trade and how to hedge trades. Nowhere it is mentioned that you can use CFDs in arbitrage trading and in hedging risk on Carry currency trades. But as you read through through that CFD guide. And you have arbitrage and Carry trades at the back of your mind, the big picture will go off like a light bulb in your mind. Through what-if scenarios. And when few different criteria are met, and different trading tools come together. Then arbitrage and hedged Carry trades are all possible. And they can be implemented through ordinary forex brokers. Brainstorming of new trading ideas is important. And it will come to you through reading other traders problems, or even through combining the ideas of two different traders. That’s why reading trading guide materials is so helpful and insightful.