Forex News and Reports

WarRen Buffett is acknowledged by investors around the world as the world’s best investor.

Here are some of his investing secrets :

1. Invest in quality businesses, not stock symbols.
2. Don’t invest for ten minutes if you’re not prepared to invest for ten years.
3. Scan thousands of stocks looking for screaming bargains.
4. Calculate how well management is using the money they have.
5. Stay away from “glitter” stocks.
6. Know what a fat pitch is and what to do with it.
7. Calculate how much money you will make, not whether the stock is undervalued or overvalued according to some academic model.
8. Remove the weeds and water the flowers - not the other way around.
9. Become a conscious investor.

I like this phrase:”The development of rock-solid discipline is among the most challenging endeavors to which a trader can aspire.

The primary reason for failure as a speculator is a lack of disciplined adherence to successful trading and price risk management strategies as opposed to an inability to discover profitable trading methodologies.”