When investing in the financial markets investors must learn one important factor in their decision making process. That one important factor is to be patient; patience can make or break any investor that disregards time to evaluate a trade before it is made.
Every investor must pay attention, just as if they were crossing a street. Before crossing a street we were always taught as children to look both ways before crossing. If you don’t look both ways there is a ninety nine percent chance that you will get hit by a vehicle.
When purchasing stocks, foreign exchange, commodities, or options it is not any different, the same rules apply. You must be very patient and follow all the rules.
One mistake can ruin an investor’s entire account due to the lack of not taking his or her time. You must learn technical analysis, fundamental analysis, candle sticks charting and moving averages just to name a few, but most of all patience. Being patient is the key to making money in the financial markets.
Patience is the ability to endure waiting, delay, or provocation without becoming annoyed or upset, or to preserve calmly when faced with difficulties. We all know everything takes time.
Many investors that rush trades by trying to beat the market either getting in too late, or too early, usually lose money fast. From this day on, alleviate all the stress, take a deep breath, relax, take your time, and you should be able to make money no matter what the condition of the market. At the end of the day all investors need to do is follow all the rules, do your own do diligence, or get help from a professional before trading.
By: Marlin Rolle