© Copyright 2010. Lance Beggs, www.YourTradingCoach.com. All Rights Reserved
http://www.YourTradingCoach.com
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2.1 – Principles of Markets
One of the key reasons most traders fail to achieve consistent success is that they do NOT
understand the game they are playing.
They fail to understand the true nature of the markets
They fail to understand the true nature of the game of trading
In this chapter we aim to correct these errors.
Some of the discussion may appear extremely obvious; but stick with it. It sets a foundation that
builds to give you a more enlightened view of the environment within which we operate and how
that view of the markets allows us to profit.
Most trading books and courses focus on price movement and the resultant patterns and indicator
based signals. They‟re missing a key fundamental concept that underlies this price movement.
At the end of this chapter, you‟ll have a clear understanding of:
The true nature of the markets
The true nature of the trading game.
You‟ll finally understand why all those systems you tried were ineffective.
You‟ll no longer be interested in systems.
You‟ll be free of the search for the Holy Grail trading strategy.
And the foundation will be set for correct analysis and correct trading of the markets, via the
YTC Price Action Trader strategy, or in fact any other reality based strategy you may wish to
develop yourself.