TRADING IS A GAME...

One of the daunting tasks of any trader is to read the market psychology correctly and precisely, trying to anticipate what's the next possible move of the market.

It is not easy as rather doing it purely on guessing, there are many technical indicators that we can use to read the pattern and possibilities.

At times, I really feel that trading is nothing more than a game. The market is your opponent and it is your job to ensure that you survive. The more money you take away from the market, the longer you'll stay in. If you can empathize them, time your move and entry wisely, definitely you can win and survive.

As long as your account remains healthy, you are still in the game.

The most challenging part is to master what sort of ammo should you use in certain market conditions, varying them accordingly with skills and precision. Sometimes, staying outside could be the best way to survive which is equivalent to hiding, say in a counter-strike game.

Anyhow, though I mentioned that the market is your opponent, doesn't mean that you have to go against them. It is about capitalizing their madness that could bring profit to us, getting in and out at the right moment. Trying to outsmart their strength is definitely unwise as no hands could control the market force, even the central banks.

So, the point here.... just like playing any game within your PS3 or X-Box, trading does need practise and skills. The more you play the game, the more experience you are and the more intelligent you become in defeating your opponents, provided you learn from your mistakes.

The only difference here is that if you win this game consistently, the reward is real and definitely you can buy plenty of PS3's by winning this one particular game... namely the game of trading.

;))