Bingham Farms, MI (PRWEB) October 23, 2013
Do you really need money to make money? Not in all cases, but in order to trade the markets, you must have some money to start with. “But if you don’t have extra money,” Trading Concepts Founder and CEO Todd Mitchell says, “don’t be discouraged. It can be as simple as reviewing your personal finances to see where you can cut back and save some money each week.” Mitchell likes the tips Fox Business recently gave titled "8 Things That Can Make or Break Your Budget,” reported by Jane Young.
Here are the highlights of the Fox Business article:
For the complete article and more details on the above tips, please see http://www.foxbusiness.com/personal-finance/2013/10/21/8-things-that-can-make-or-break-your-budget/
Mitchell practices the above tips because they make sense and they work. He recommends using them in conjunction with an outlined budget. “And, if you want to take even greater charge of your personal money flow, set a goal. Goals are a critical part of continued success,” Mitchell said.
For someone who would like to trade the markets, Mitchell recommends having a minimum savings goal of $2,500. This amount could get you started trading in any market. He gives these tips for establishing a budget:
“Before you know it, you will have enough to do something you have always wanted to do like trade the markets,” Mitchell said.
For more information on successful trading, including goal setting, please see http://tradingconceptsinc.com/3872/steps-successful-trader/.
About Todd Mitchell:
Todd Mitchell has been involved with the markets since 1988. His training success has been tied to consistently developing and improving his trading approach based upon the use of bar charts. Todd Mitchell’s entire approach to trading is to be honest and straightforward. Todd’s love for the markets and his love for teaching echoes throughout all of his work. Todd is founder and CEO of Trading Concepts, Inc.
About Trading Concepts Inc.:
Founded in 1994, Trading Concepts quickly established a reputation as one of the industry’s finest educational companies in the world. As one of the oldest, most respected trading education companies in the industry, they are proud to have mentored over 10,000 traders in Forex, E-mini futures, Options and Stock Trading, bringing them powerful trading strategies and money management techniques that have previously only been available to professional traders.