January 31st, by LuckScout Team in Business The world of currency throws up many interesting and profit making employment opportunities. With technology easing out the process of handling money internationally, geographical location seems to matter less and less.
Needless to say, just about everyone has toyed with a progressive table at one time or another and pondered possibilities.
How much fun that would be. What if we held ourselves accountable to the concept of steady, consistent performance unattached to market behavior? If so, would it make sense to judge our individual performance against any other measure?
Too many times a trader will be their own worst boss when it comes to judging performance. Holding oneself accountable to unreasonable standards only leads to one end: On the other hand, if we can visually see that small to modest incremental growth does lead to potential results acceptable enough in the end, that can serve as a guideline of measure to keep us grounded.
There may be slight to vast differences when in comes to emotional management with small accounts versus large, but the science or math goes unchanged. Summation Traders need some sort of measuring stick to follow as a guide for measuring performance and production. It cannot be ridiculously low or unreasonably high to achieve.
Basing some type of table on personal ability, potential from market s traded and other known variables are pulled together for comparative measure. That type of baseline gives us permission to target realistic goals rather than unrealistic or even unstructured goals of performance.
Many traders desire while others eschew such business plans. How we get there and why is up to each of us along the way. Austin Passamonte is a full-time professional trader who specializes in all commodity markets. Austin trades privately in the Finger Lakes region of New York.
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Last week, the S&P suffered its biggest drop in over two years as the US and China. Trade Arabia is the leading portal for business information and trade news covering the Middle East and Arabian Gulf countries.
from the time investment required to thoroughly learn your trade, study all the tools available, and design a business plan before expanding your activity in the markets. Performance Racing Industry produces a motorsports industry monthly business magazine for motorsports industry entrepreneurs and professional race teams, as well as a professional trade show exhibiting new auto racing products and motorsport engineering.
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