Information Overload

One of the key issues I encountered during my trading journey is information overload , especially during the initial stage of learning. I always felt as tough there were too many opportunities and too many so-called trading gurus , peddling off how-to-make-money with online trading. I believe this is a common problem faced by many beginners too. There are just too many available vehicles to trade … stocks , options , forex , commodities futures ; within which different gurus offer different strategies that they claimed to be world best. I started with the wrong foot , jumping and skipping from learning one thing to another. Eventually I settled down to learn to trade only forex and SP-500 futures. Key reason is the leverage these two trading vehicles provide.

For those who are beginners , considering to learn trading , the advice is to focus on one and only one area. The more information we get the less inclined we will be to act because we will have too many alternatives and , therefore , too many excuses. Scattergun approach does not work. There are many great opportunities out there , but we only need ONE. Be selective. Find a few things that appeal to you , study them , select them , and perfect them. The key to success is to Focus. That is my little humble experience to share with all …