Learn to make money long before you need to make money


If you have any hope or ambition to make money on the financial markets, it is of the utmost importance to start the learning process when you do not need to make money from it.

Start reading books on how to interpret the markets and how to trade and start practising at least two or three years before you want to make a penny from it. This should eliminate desperation and impatience. It will give you time to make mistakes and learn from them. It will teach you how to be disciplined and how to control your emotions. You will have time to get to know yourself as an operator on the markets. You will learn where your strengths and your weaknesses are. And you will learn how, when and in which markets to get involved.

The same advice applies to any way with which you may hope to make money independent of boss and corporation. Learn how to do something long before you need to make money from it.