To Become a Trader is a guide to the small investor and trader to find a successful approach to the financial arena.There are so many facets to trading futures markets it is hard to know where to begin. To Be a Trader is a place for everyone involved in financial markets to use as a tool to develop and improve their trading skills. It covers all the basic concepts such as technical analysis and price action trading, fundamental analysis, and trading psychology. It is based on the book “To be a Trader”, by Paul Kogut, a 40 year veteran of the markets. This website is designed to accompany the book and to provide current examples of concepts therein.
To become a successful and elite trader is no easy task. That’s naturally because there is a low cost of entry with a huge potential reward. Just like many of the arts or sports. The competition is fierce. Furthermore, to get ahead it takes a lot of hard work and determination. It is not an easy path, but it can be incredibly rewarding to a dedicated individual who strives to be a proprietary trader.
Become a Trader
The book and this website present ideas that an individual can use to develop and personalize their trading methods and plans. They are to be used as stepping stones in a trader’s odyssey to success. So how does one become a trader? First, explore the many insights and theories proposed on this site. You should also read the book, “To be a Trader”, an excellent work full of basic knowledge and insights from a forty year veteran. Take the ideas you like and that fit your personality; discard the rest. Study the ones you like further until you are confident on how they work, and how to work them into your trading method and plan. Wrap those ideas and concepts around your trading beliefs. Make them part of the Zen experience. Consider all your fundamental and technical indicators as tools to build a profitable endeavor. Remember too, there is no holy grail. The tools that you personally develop are there to provide a structure that allows you to analyze and improve your performance to become an elite trader.
Understanding your trading decisions and tactics, especially the wrong ones, is the key. It allows you to adjust for your mistakes and maintain a consistent path to your success. To become a trader is not an easy task. However, it can be a very prosperous endeavor.
Trade Well, and Prosper.
“To Be a Trader” Review
…… While many books address one piece of this trading puzzle, Paul Kogut’s “To Be a Trader” offers comprehensive instruction. Written in an engaging and relatable style, Kogut interweaves the stories of his own trading career, which began when he worked on the floor of the Chicago Board of Trade as a summer clerk for his father in 1972, with all the key concepts of successful trading.
Kogut uses his own experience as a trader, a technical analyst, a system developer and more to lay a clear blueprint for trading success. Giving readers what they need to know about technical analysis, risk management and general market knowledge, Kogut eschews the fluff that is found in so many trading books. Having spent time on the trading floor, he speaks the trader’s direct, straightforward language to deliver clear, concrete messages all with a healthy dose of humor.
His anecdotes, from stories about his father to the short lived onion futures contract are both hysterical and endearing. But in the end, this book helps you to find a path to trading success. For newer traders looking for inspiration or struggling traders looking to right the ship, “To Be a Trader” is a must read.
The Mechanics of Price Movement
The Mechanics of Price Movement is the cornerstone of Paul Kogut’s book ‘To Be a Trader’. The Free White Paper is a must read insight on how price discovery works. Click on one of the links below and you can get it today! Download the FREE PDF NOW!