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Foreign Exchange: The Complete Deal by James Sharpe

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10. A Blueprint for Trading

In this chapter I will present a blueprint for successful trading. These are not rules as such, as this would suggest that if followed success would inevitably be the outcome. Nonetheless, trading is a skill which can be taught, even if success can never be guaranteed. To begin, while there are a number of ways to approach trading, the key component is the practitioner.

The starting point is therefore to make an honest self-assessment. Do you have the emotional inclination and resolve to trade? Are you prepared to pull the trigger or disciplined enough to take a loss? Many individuals start on the basis that it is easy. People reason that they have been successful in their business careers so why should they not ...

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