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AVERAGE TIME TO BECAME A PROFITABLE TRADER

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Hi Traders/Investors, Before I answer this question, I want to share a caution! “Successful Trading is not a destination, and it is a journey” Every day we need to work hard to get success in trading. Each day and each trading opportunity is unique in the market. Whenever I thought I know everything in the market, the next day, the market slapped very hard on my face (with a big fat loss) to indicate it is supreme. What I do became a profitable trader ? How long does it take to be a successful day trader? You can see the journey of one year of one of my student’s below. Success in trading takes time, a lot of it. It is only when you venture into this journey, your limits will expand. There is no time limit, there are only phases and you must not stay there, you must go beyond them. You need to venture to the edge of your limits, are you? If not, what’s stopping you? These are the questions to ask yourself if you want to be a successful trader. You can not hope things will c...
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How would Evergrande’s failure affect China’s economy?

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A campaign by the central bank to tame property debt and reduce the banking sector’s exposure to troubled developers should mean that an Evergrande failure would have less of an impact on China’s financial system. The reality may be more complicated. Panic from investors and home buyers could spill over into the property market and hit prices, affecting household wealth and confidence. It could also shake global financial markets and make it harder for other Chinese companies to continue to finance their businesses with foreign investment. Writing in The Financial Times in late August, the billionaire investor George Soros warned that an Evergrande default could cause China’s economy to crash. Chen Zhiwu, a professor of finance at the University of Hong Kong, said a failure could result in a credit crunch for the entire economy as financial institutions become more risk averse. An Evergrande failure was “not good news to the financial system or the overall economy,” he said...
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journey of success full business man

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Life journey of a successful business man elon musk 
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