(1888PressRelease)
March 05, 2007 - A Traders Universe offers a resource web site for those wanting to learn or improve their trading and exposes the marketing tricks designed to cheat most traders of their money
The trading industry is designed and marketed to the emotions of novice traders, but A Traders Universe has taken the subject of emotions and turned it against the marketing giants.
The basis of A Traders Universe is to teach new and old traders that trading is a business and outlays a step-by-step process that traders can follow to build a foundation for their trading business.
The steps include painting a picture of how you want to see your trading business including the setting of goals, available tools and resources, a self-analysis report, designing a system and ongoing development.
"Too many traders place too much emphasis on the system, and not nearly enough on their goals and self analysis. In fact self analysis is the most important and should be worked on before designing any system,” says Dean, the web master of A Traders Universe and a Trader of Forex, Stocks, Options, CFD's and Commodities.
Dean goes on to say that most systems marketed to the public are perfect for the author, but may not be for the unsuspecting buyer. The problems that arise is that the system may have characteristics that are ideal for someone with certain strengths, but awful for the person who lacks in that area.
An example of this is the systems out there that involve multiple choice. If you are someone who hates multiple choice and doesn't want to have to sift through a whole list of stocks for example, you need to be aware of this before you buy a course. The only way you'll ever know this is to analyse your own strengths and weaknesses.
Analysing your strengths and weaknesses can be done several ways and A Traders Universe suggests asking other's that are close, and looking at past trades for mistakes that happen regularly. Asking other's for their feedback may alert you to the fact that you're impatient. You may also see this trait in past trading results, especially if those results suggest that you trade too often, taking on trades that aren't really there. You can then relate a lack of patience to thinking too short term and not long term in the pursuit of your goals.
Dean also says that some systems claim to make five figure incomes per month, but they don't tell you how much capital is required to achieve that.
A lot of traders are not aware that their initial capital is a very important part of the design process because it enables a trader to better gauge their expectations of a certain system. A smaller capital outlay suggests you'll need a system that is shorter in time frame, but also allows you smaller risk with less fluctuations, which is not the case trading commodities long term for example.
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