Every trader is on the road from ignorance to expertise, hopefully improving along the way. This article helps to determine where you are on this road, and includes a link to a free trading maturity test.

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This is the second part of a two part series on errors in thinking that can keep you from becoming a successful trader.

The difference between winning and losing traders is usually not market information, inside knowledge, exotic trading techniques or better brokers.  It is all about mindset.  This article lists some more mindset errors and concludes with a brief discussion on overcoming errors.

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No matter whether you are into forex trading, stock trading, futures trading or options trading, trading is a tough but potentially lucrative profession.  With online trading and the wealth of information and computer based tools, it should be easier than ever to win, but it is not - there are formidable obstacles to success for the beginning trader.  The trader’s biggest enemies are not other traders but mental baggage and limitations of thinking carried over from normal life.

This article is the first part of a two part series and discusses the mental obstacles to success as an independent trader, and how to overcome them.  The concluding part finishes listing the obstacles.

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This posting is about the mental attitude and knowledge that you need to become a winning trader.  Successful traders have come from all walks of life.  Currently small traders can have access to virtually the same data as professional traders.  There are a number of excellent books that outline the methodologies that have been successful with others.  This posting summarises the mental attitudes of those who have become winning traders.

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