Posted on Apr 16, 2020 by
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Posted on Aug 01, 2019 by
One of the biggest wins we have at Robot Wealth is in helping aspiring traders see the markets, and profitable trading, for what it really is. Rather than utilising a tried and tested approach that has generated real money in the markets, in practice, many aspiring traders gravitate to seemingly exciting approaches with the weakest history of success, assuming that this is how you make money in the markets. Our job is to give you that tried and tested approach. To make your trading life easier and more profitable, we recommend putting the fun distractions on hold in favour of the far simpler, lower-hanging fruit that will really make your money grow. Let's see what this shift in approach looks like... What are you really trying to achieve? Say you have X dollars of trading capital. As traders, what we're trying to do is maximise the chance of turning $X into more than$X. This doesn’t seem like a revolutionary way of looking at things – but it seems to me that most traders aren’t focusing ruthlessly on this problem, certainly...