Useful quotes from traders and financiers

Quotes from financial gurus help us better understand their perspective on trading and the process of making money.

Often, these quotes perfectly characterize the worldview of people who have succeeded in making a career in finance.

This, in turn, helps anyone who wants to achieve something similar and find the right path to their goal.

The selection below is, in a sense, a collection of recommendations that will be useful to almost everyone.

The most striking quotes:

• When people say they want to become a millionaire, what they really mean is they want to spend a million. - Jesse Livermore

• Risk only an amount that you can afford to lose, but that will also give you the opportunity to earn. Ed Seykota

• Many are ashamed of their mistakes, but for me, recognizing my mistakes is a source of pride and allows me to understand how to correct them. George Soros

• Every time my greed has caused me to try to make a quick buck, it has resulted in big losses. Larry Williams

• In order to achieve success in stock trading, choose a specific market and a specific asset and carefully study all the nuances.

Pay attention to such things as support and resistance levels, how the price behaves when approaching them, and what has been happening on the market over the last half hour. Linda Raschke

• In trading, the difference between winning and losing is always a fine line, and those who are not prepared to give more of their strength to the game usually lose. Victor Niederhoffer

• To make money you just need to make it, but to make big money you need to do the right things at the right time. Edwin Lefevre

• There is no easy way to make money on the stock exchange. If you want to make money, thoroughly study a reliable and logical trading method, use the right trading psychology and don't forget about money management tactics. Niall Fuller

• The reason many people fail to make a profit is because they refuse to admit that their way of thinking is wrong. Instead, they search for an indicator that will allow them to print money on their computer. Success in trading lies in developing the right habits. Niall Fuller

• There is no guaranteed earning strategy that would work constantly under all circumstances. Jack Schwager

Also, most successful financiers agree that it is better to wait than to open an unsuccessful trade, the risk from one position should not exceed 1%, only time will tell whether you can achieve success.

Read also other tips for beginner traders - http://time-forex.com/sovet/sovety-forex