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 Path: > Home > Introduction > Step 6 - Trade Competently!

Step 6 - Trade Competently!

Obviously, this is the ultimate goal of traders and investors alike. It never ceases to amaze me at the horror stories published about "unsuspecting" investors losing it all due to bad advice.

We advocate that you trade your own funds and be willing to risk losing all of your money. Every trader has losing trades. By the time you've completed this course and the demo trading practice, you should be able to minimize your losses and have more consistent trading, but there are no guarantees that you will make money.

There will be an occassion in which a new trader will decide that they don't want to make the effort to trade. They should be open to the opportunity to start a managed account and allow a seasoned trader to trade on their behalf. We recommend however, that you research your options to protect yourself from someone taking all your money by opening a segregated or PAMM account (one that prevents your money from being withdrawn from your account by anyone but you).

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