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When it comes to trading the markets successfully there are many pieces to the puzzle to make it work period but there are 5 major components that every individual must master if they want to be successful at trading they are:

1- Desire (your why).
2- Available Time.
3- Trading Goal.
4- A time-tested system.
5- The correct skill set (Technical Analysis Basics).

There you have it 5 major ingredients to becoming successful trader. Take some time go to each of the 5 Build them out and develop your system.

Trading goal is different from desire, your training goal is what do you want to accomplish from your trading, a financial goal. You need to develop a wealth mindset not a poverty mindset.Are you looking to day trade? What is your goal time wise for how long you want to be in a trade? Knowing exactly what system you want to trade will be critical to any successful training plan. Before major criteria that I believe must be in every trading system are identify the pattern, enter the trade manage the position and exit the trade.

Desire.
As an example, if your desire is to move out of state and buy a home to retire in There are some details that need to be filled in. Is it a big house because you want lots of family there or is it a small house because you’re tired of having family there? These are the types of details you need in your desire.

Available Time.
Your time availability will be critical to your success in other words how much time do you have available each day and or week to devote to this business, and yes this is a business. Layout the available time each day of the week it can be devoted to education and to practice Trading.

The correct skill set.
Having the correct skill set means being able to read the chart. The chart will speak volumes to you if you allow it, but you must spend the time put in the effort any energy to learn how to read the chart.

Trading Goal.
Trading goal is different from desire, your training goal is what do you want to accomplish from your trading, a financial goal. You need to develop a wealth mindset not a poverty mindset.Are you looking to day trade? What is your goal time wise for how long you want to be in a trade?

A Time-Tested System.
Knowing exactly what system you want to trade will be critical to any successful training plan. Before major criteria that I believe must be in every trading system are identify the pattern, enter the trade manage the position and exit the trade.

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