Trading For An Income

These days it is very easy to open a trading account.  With only a few dollars and a credit card, you can set yourself up with some micro forex account and be seduced by real possibilities of winning huge fortunes.  But just because it is so easy to jump in, does not make it smart to do so.

First of all, trading is extremely risky type of a game, with so many possible outcomes.  In many ways it resembles traditional casino gambling, yet it poses more addictive and dangerous properties.

Regardless how easy it may seem to get money out of the market, you better be aware that you are competing with millions of active traders.  Many work for big financial institutions where they hire the brightest and the most disciplined people they can find, then give them all the tools they need to make money.  If you are not sure what that means, just look at the photos here, and see if you want to compete with that.



But that is not to say that you can not make money in the marketplace.  Actually you can!  But, you will need to acquire knowledge to do just that.  One of the first step is by getting books on trading and studying them.
Some of top books for traders I found indispensable to anyone are these (you can download them by following the link, or if you have a chance you can purchase them online from Amazon.com):

Mark Douglas - The Disciplined Trader

Mark Douglas - Trading In the Zone

Jake Bernstien - The Compleat Day Trader Vol 1

Jake Bernstien - The Compleat Day Trader Vol 2

Also, you visit blog devoted to trading and investing that I found interesting.  You can leave any comments and questions and I will try to answer them as soon as I have free time.