What Makes A Successful Exchange Trader, Forex Trader, Investor, Poker Player, etc?

(my article)

In order to become a successful player in any of these areas, you need to learn the required skills and acquire the knowledge needed to make consistent profits, but with the internet anyone can learn these skills fairly quickly. So why do so few people make regular profits in these fields?

Well the obvious answer is lack of discipline and focus.

The most successful players, whether it's betting on the betting exchanges or playing internet poker, for example, have developed a tried and tested game-plan and specific processes and techniques to give them an edge, in order to make consistent profits.

They are extremely disciplined and never deviate from these plans. If they lose money at any time they don't panic and change their system, or go on tilt, which you see so often, but know that in the long-run they will turn these short-term losses into profits.

This is particularly true for me as a full-time Betfair trader because I basically traded the FTSE every day and used exactly the same indicators every single day for four years, making profits that I wouldn't have dreamt possible when I first started out.

I had some knowledge of charts and the effect of news releases before I started trading, but simply honed my trading techniques to make consistent profits to suit Betfair's markets. I have to admit that at the start, I did occasionally make rash decisions after I'd made a loss, but over time I developed a very disciplined form of trading, and just told myself that any occasional losses were part of the game.

For more information about my trading career with Betfair, and to find out about the trading techniques I used, please visit the following site:

http://www.bfguide.com