The markets are full of potential. Every single year, month, week, day, hour, and minute. Each is unique and offers opportunities for both risk and reward. – the risk of losing money and the risk of missing out on making money; the reward of profits and the reward of not losing any money. Which risk and reward pairing is the more enticing? The difference is significant.

“You have got to make decisions even though you know you may be wrong. You can’t avoid being wrong” George Soros, billionaire investor.

Think like a boxer for a moment. In order to win, the boxer’s aim is to land the most punches (or the right punch) whilst simultaneously avoiding being hit. In the ring, the inevitable bonk on the nose awaits the aspiring boxer, but boxing clever can make all the difference between leaving the ring with a just black eye and leaving it knocked out on a stretcher. “You have to know you can win. You have to think you can win. You have to feel you can win” Sugar Ray Leonard, world champion.

The same applies to trading. Leading up to a trade one needs to mentally prepare as best as possible and have courage in one’s conviction. Firstly, determine why  you are wanting to trade that stock, index, commodity or currency pair . What is convincing you to make the trade? Secondly, what size trade do you want to take on? How much can you afford? Thirdly, where do you want your stop loss or profit limit? After all, you can’t hit a target that you can’t see. Finally, just do it! Plan a trade, trade the plan.

With Accendo Markets in your corner, you’ll be partnering with the best in the market to refine your technique and improve your record. Information and timing are crucial and we pride ourselves on both. “You cannot teach a man anything. You can only help him discover it within himself” Galileo, astronomer.

That being said, sample our research free for two weeks, or if you have a trading idea you want to carry out now, go ahead and open up an account.

Here’s to your success.

Tom Robertson, Senior Trader