Useful quotes from traders and financiers

Quotes from finance gurus help you better understand their view of trading and the process of making money.

Very often, it is these statements that best characterize the worldview of people who have managed to make a career in the world of finance.

This, in turn, helps a person who wants to achieve something similar and find the right path to his goal.

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

The most striking sayings:

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

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

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

• Whenever my greed forced me to try to make quick money, it led to large 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 points as support and resistance levels, how the price behaves when approaching them, what has been happening in the market for the last half hour. Linda Raschke

• In trading, the difference between defeat and defeat is always separated by a thin line, and those who are not ready to give more than their strength to the game usually lose. Victor Niederhoffer

• To have money you just need to do it, but to have big money you need to do the right things on time.

Edwin Lefebvre • There is no easy way to make money on the stock market.

If you want to make money, thoroughly study a reliable and logical trading method, use the correct trading psychology and do not forget about money management tactics. Niall Fuller • The reason many people fail to make a profit is because they are unwilling to admit that their way of thinking is flawed.

Instead, they are looking for an indicator with which they can print money on their computer. Success in trading lies in developing the right habits. Niall Fuller • There is no guaranteed income strategy that would work consistently under any circumstances. Jack Schwager

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

Read also other tips for a novice trader - http://time-forex.com/sovet/sovety-forex