For my opinion the best results in trading we can achieve if we combine several skill in one: technique, psychology and money management. A lot of traders looking for secrets or "Graal" by which they can earn all money in world. But it is a false. There are a lot of strategies which can give positive mathematical expectation on long period, but problem with emotions and money management. And discipline. You should choose strategy which will by accepted by your nature. If you are too active - trading with long terms could be difficult for you. In other side intraday speculation can good for you. And vice versa.

About money management. Too aggressive way of earning - this is the first step to loose your money. When you risk with to big sum you fight not only with price but with your emotions and math. If you loose 20% you should gain 25% to return your capital. If you loose 35% you shoul earn 50%. But if you loose 1% you should return 1.001% to return it. Not difficult isn't? You must remember that 6% per month during 1 year could multiply twice your capital. Because you use compound interest. 6% per month it is about 0.25% per day - is not so difficult for good trader. But to difficult to do it during  years. For many reason and the most horrible are gambling instead trading and frequent changes of trading style. Be carefull with these. Try to understand better price movement, train every day and use only system trading.

If you are interesting in our tarding you can see here our results: https://twitter.com/TraderVolfix
We start a new course of training 12 Sep. If you want to have understand price behavior and receive trading strategies based on volumetric analysis and market profile - you are welcome!

http://training.volfixtrader.com/