Monday, May 25, 2009

As a Business

Treating Forex trading as a Business is the best way to sum up my approach to trading. Every principle and idea from my teachings ultimately refers back to the notion that forex trading is a business and should be approached as such. In the final analysis, business is simply the effective management of cash flow. A successful business generates more cash than it consumes. This is the goal of trading as well.As soon as I grasped the whole picture, my education curve suddenly became very small; and that is one of the first things I teach my students; the overall concept. If you can grasp what is needed of you it is a lot easier to comprehend and adjust to the new environment

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