Introduction

A Trader's Mission and Goal

It is the mission of the trader to become a long‐term, financially successful trader. This can be achieved

when the trader adopts and accepts The 10 Keys of Successful Trading. A trader must commit to live by

three disciplines to become a successful trader.

Three Disciplines of Successful Traders

(1) A trader must believe in The 10 Keys to Successful Trading and merge them into their personality.

Success depends on creating a trading plan, and maintaining the discipline to TRADE THAT PLAN!

(2) A trader must be committed to Continuing Education. Study technical analyses and the

psychology of successful trading. A trader must make logical decisions, void of emotions, while

trading. Learn to trade in control!

(3) A trader must map out a sensible equity management plan to insure a Return On Investment.

Trade no more than 20% of a Margin Account and expose no more than 5% of that account on

any single trade.

Levels of Traders

Level One

Beginner Trader ‐ Studies and paper trades for a minimum of one month with pretend currency, gaining

the experience required to establish a track record of profitable performance.

Level Two

Advanced Beginner ‐ Trades one or two lots with real money, learning to overcome emotions and at the

same time, establishes a track record of making money.

Level Three

Competent Trader ‐ Trades with control over their emotional distractions. Utilizes proper equity

management and achieves a positive financial return

Level Four

Proficient Trader – Trades with confidence, education and experience. Achieves positive financial returns.

Level Five

Expert Trader ‐ Instinctively executes profitable trades without emotion.