Key Elements of Successful Trading

There are three key principles that you should by all means know about and that can turn you into a winning trader:

  • An efficient trading system
  • Sound money management
  • Proper mental approach

If you have set your mind on becoming a successful trader, you have to acquire an edge over the markets (i.e. trading system), develop a proper mental approach (i.e. psychology), and control risks in your trading account (i.e. money management).

In the previous chapter you could learn how to create your own trading system. It’s now to time to study the most important elements of trading: money management and trading psychology.

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