The lure of great profits have convinced a lot of people that they should earn how to trade stocks. Do bear in mind though that it's always easy to get caught up mainly in the glowing attraction of gaining financial freedom. This is perhaps one of the reason why some novice investors buy in on various myths. Before you start learning how to invest your hard-earned money, you should first find out which beliefs you hold are mythical and therefore need to be corrected.

Easy to get rich quick.

Although it is entirely possible for certain people to earn thousands of dollars within a short span of time in the market. It is incorrect to believe though that the fastest and easiest way to become a millionaire is to learn stock trading. It will take a lot of time and effort for you to finally be able to secure decent profits. Even if you do manage to finish a comprehensive course by an expert stock market professional, there is no absolute guarantee that you will always be able to single out the best trades. Even the best smartest traders can't make the right picks all the time.

There is a holy grail or absolute guru somewhere.

Some beginners keep believing that there is a magic bullet or holy grail in the form of a strategy or person. They expect it to tell them exactly what to do and what to trade every single time so they always emerge as winners. The sad fact is that no one can help you learn to trade stocks perfectly. The market is unpredictable in a lot of respects and no one can determine with absolute accuracy what tomorrow will bring.

Losses are entirely preventable.

You can't really expect to evade losses even if you become an extremely seasoned trader. Before you even contact a broker for the first time, you should psychologically prepare yourself for the reality that losses can and will happen. Your one consolation though is that you can minimize your potential losses. What you can then actually prevent is you losing all of your capital or losing more than you are willing to let go. When you learn stock trading through a reputable course, you will also be taught the concept of managing risk so you don't hit rock bottom.

It's all about technical analysis and strategy.

Professionals who are experts at analysis and technical methods may have an edge over others. Technical expertise however is not the only key to becoming the best trader in town. What is even more crucial than anything else is psychology. The frame of mind that you bring with you when you begin to trade can affect a great part of your chances of winning or losing. To gain real profits, you need to be logical, disciplined and confident. This can only come as a result of following a reliable system or plan.

To conclude, people who learn how to trade are definitely closer to their dreams of financial wealth. It is crucial though that incorrect beliefs be addressed first before the process of education even begins. This is the best way to help you set the right expectations and to prevent you from losing your entire investment capital.

Further Reading: 
Behavioral Trading: Methods for Measuring Investor Confidence and Expectations and Market Trends : ~ Woody Dorsey

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