There are several elements to the mental trap that people get caught in when they first start trading that sets them on the wrong course, but one particular error is the one that virtually guarantees failure, or at least a rather lengthy and loss-filled road in becoming a successful trader. The essence of the trading activity is definitely within the ability of most to grasp, however trading as an occupation does have a substantial body of knowledge to absorb and specific skills that are necessary to trade profitably and consistently. It has been documented in studies on the obstacles to learning that have found that there are specific physiological reactions when a person encounters this particular phenomenon – that of starting too high up in a learning gradient or missing foundational knowledge while trying to grasp concepts at a given level. There is no required training or certification before a person is allowed to put themselves and their capital at real risk, so the high percentage that fail is simply the result of inadequate warning and preparation for what the business of trading entails. If a person can find a mentor that is aware of this particular obstacle and the others that are present in the development of a trader, then chances are likely for a positive trading experience. Most however choose to do it themselves or simply make it on sheer persistence alone, while receiving the lessons of trading the hard way – through personal experience and numerous losses. read more
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