Introduction
As we experience the increasing trading activities being carried out around the globe, it is significant to put the limelight on the sayings of the world’s renowned traders. It is a popular mantra that if one wants to learn a new skill; he/she must study those who have already sailed through that boat. Put simply, the quotes of famous traders can prove highly fruitful for seeking true guidance in this far-reaching field of trade. Having that said, the prime goal of this writing is to pen down the best trading quotes from famous traders. Also, it will be the utmost priority to share the powerful words of global influencers that have helped change the entire course of trading world.
Learning from the world’s most successful traders
Pragmatically, the field of trading is more about learning and less about earning. Yes, here the sole focus is to learn new strategies, skilled-trading techniques, tips and tricks, challenging experiences and much more. However, before all of the aforementioned things, it is quite important to stay motivated. This is why, this article is designed. Let’s dive into the most rational words of some top traders of the world.
“The goal of a successful trader is to make the best trades. Money is secondary.”
- Alexander Eider
Founder of Warrior Trading, Ross Cameron is known to be one of the most leading day traders. He is famous for his innovative trading strategies and risk management techniques.
“Set realistic goals and be willing to walk away. Also, know that every single day, you are either leaving on the table or giving back profit.”
- Ross Cameron
When it comes to losing money and other trade-related mistakes, Teo has played a gigantic role in promoting awareness. The effective ways of helping people prevent losing money has gained him high time attention.
A 29-year old, e-prop trader once said, “Before I enter a trade, I set stops at a point at which the chart sours.”
- Rayner Teo
Moreover, his quotes are valuable in the eyes of millions. Such as,
“Don’t take action with a trade until the market, itself, confirms your opinion. It goes perfectly fine if you are a little bit late in a trade. This ensures that your opinion is right. In other words, never be an impatient trader.”
- Rayner Teo
The path to success is not sweet and simple, but full of turmoil and mistakes. Let’s throw light on the following quote from George Soros who is a pre-eminent trader.
“I am only rich because I know when I am wrong. I basically, have survived by recognizing my mistakes.”
- George Soros
Motivational dose from the best trading masters
It is an undeniable fact that during this journey, one might suffer from numerous issues such as loss of motivation or loss of money. Fortunately, there is a remedy to all the worries of traders. The following quotes will work as dose for all such challenges.
“Amateurs think about how much money they can make. While, professionals focus on how much money they could lose.”
- Jack Schwager
It can be realized from the above-mentioned quote that there is a stark difference between making money and losing money. The ones, who are wise enough to understand this, can reach the heights of success.
“In trading, one has to be defensive as well as aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money.”
Ray Dalio
Consider the losses
“We always want to perceive ourselves as winners, whereas, successful traders always focus on their losses more.”
- Peter Borish
Take the risk or lose the chance
According to Mark Zuckerberg,
“The biggest risk is not taking a risk. In a world that is changing really fast, the only strategy that is guaranteed to fail is not taking risks.”
It can be gauged that opportunities come less often to those who are risk averse. Contrarily, if one wants to step towards new horizons in trading career, it is contingent to take risks.
“The fundamental law of investing is the unpredictability of the future.”
- Peter Bernstein
Useful insights into investment
Investment is known to be the core of the trading field. Successful investment requires a lot of discipline and patience. Here is a deep insight into some of the best trading quotes from famous traders who served the people through their diligence and expertise in investment.
Seek for Long-term benefit
“Invest for the long haul. Neither get too ravenous nor get too worried.”
- Shelby Davis
“In investing, what is comfortable is rarely profitable.”
- Robert Arnott
Strong check on emotions
“The investor’s major problem- and his worst enemy- is likely to be himself. In the end, how your investments behave becomes far less important than how you behave.”
- Benjamin Graham
Stay prudent with the market fluctuation!
“History shows a crucial insight regarding market failure: these are inevitable, stressful and ultimately surmountable.”
- Shelby Davis
“If you learn to make a mindset that goes unaffected by the market behavior, the struggle will stop to exit.”
- Mark Douglas
Explore the secrets to success
“There is no definite secret to discover, no single correct way to trade the markets. The ones who try to find one true answer to market behavior haven’t even gotten as far as asking the right question, let alone getting the right answer.”
- Jack Schwager
Conclusion
To cap it all, it is inevitable to understand the importance of world’s most influential traders and their wise sayings in this regard. Their quotes become the guiding light for other traders who require plenty of inspiration throughout their careers. In this regard, this article gave a holistic view of the best trading quotes from famous traders. Moreover, it put emphasis on the key areas where a trader must seek guidance through the well-experienced traders. It can be rightly said that there is a lot of knowledge to be gained through these words of wisdom. Although it can be challenging to learn the useful tactics of trading, it can prove extremely advantageous as well.