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Financial markets are the place to be in this era, lets all be honest success is made in this industry with the correct ethical measures taken in place. But the thing that most unsuccessful traders don't get is that there's more to trading than just opening and closing trades.
Most of the traders out there don't consider the fact that there's more functions that have to take place than just Technical analysis and fundamental analysis. A very important function i call "Portfolio analysis" is the ultimate tool to analyzing your performance, Create strategies within your trading account that will enable you to see what goes on in a broader dimension in your investment.
When you start to enhance portfolio management skills you create a greater chance of success all built by you. Learn how to calculate your growth performance, to create contingencies that will enforce to keep that growth steadily working its way up and to ensure ultimate success for the long run. Yes you might have a broker, but don't forget that you are the President of your account and therefore you need to know whats going on around your organisation. Personal agendas are not a matter to consider when it comes to portfolio analysis, lets keep it in the "Business Entity Concept" and let Business agendas be fully complied.
Create a policy within your account that details all your investment strategies and trading plan, this will give you the awareness on what measures must be followed to create an ethical organisation, "Trading is our business" and by that being said we have to cover every single loophole within the business I like calling this "Administrative duty". You don't want to be creating austerity within your business therefore just deal with your financial matters in a professional manner, you might not have the degree but force yourself to acquire some information based on "Portfolio manager strategies" this is the information age the internet has everything for you, except the "Holy Grail" that you might be looking for.
You are the "Holy grail" because you are the only one that can ensure success within your business, sit down and just look at the Asset Under Management you possess and calculate every single cent that comes in and out of the account, when you done total all your profits and total all your losses together and measure them in a ratio value.
E.g total losses= $350 and total profits=$600. Therefore 350:600= 1:1.7 and that's how to measure your performance, basic instinct will tell you that the profit amount must far exceed losses to ensure stable economic growth for you portfolio. Lets incorporate professionalism and trading will become a guaranteed success. "Portfolio Diversification will create opportunities within the financial markets that only you will be smiling from when your return on investment hits your account".
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