Treat Your Trading Like a Business

07/10/13 • 16 min

As traders, we are often told to treat our trading as a business. This doesn't really tell us what we need to do. The presentation goes into the five most import items that need to be considered when setting up your trading business. Comparison is also made between a simple business and how it would relate to trading. www.donchiantrader.com

Previous Episode

Part 6 of 6 of a Live Training Presentation

This is the final segment of the Live Forex Training presentation describing how trading is conducted in my Basic Forex Trading System. In part 6 there is further discussion on placing orders and setting up targets #1, #2 & #3. Margin is also discussed for forex pairs. Further details on the training system can be found at www.donchiantrader.com

Next Episode

Selecting a Trading Strategy

If you want to treat your trading like a business, its necessary to have a trading plan. Prior to producing the trading plan, one of the initial decisions is; what trading strategy will I use? In this Podcast I discuss the 5 major factors that need to be considered: 1. Trading Account 2. Risk 3. Time available to trade 4. Trend or reversal trading 5. Recording trades