1. Trading is a journey that can last a lifetime. While the idea of ‘buying low, and selling high,’ might sound simple enough; in actuality, profitable trading is considerably more difficult than just buying when price moves down, or selling when price moves higher.

The fact is that most traders, regardless of how intelligent and knowledgeable they may be about the markets, lose money. Are the markets really so enigmatic that few can profit or are there a series of common mistakesthat befall many traders? The answer is the latter.

The good news is that the problem, while it can be emotionally and psychologically challenging, can be solved by using solid risk management techniques.