22 years trading.

Here are some of the most important things I've learnt (Part 1/2):

1. There is often a huge difference between what you want to do and what you're good at doing.

Some traders may want the excitement of scalping but don't have the time or the mental agility. They may be better suited to another style.

Play to your strengths to find your niche.

2. To make it this business you're in for the fight of your life.

And the biggest enemy is you.

3. If you desperately need to make money to pay the bills or support your family, get another job first.

Needing to make money with urgency puts huge pressure on a trader. This pressure is not conducive to making effective trading decisions.

4. If you want to hit the summit, then you’re going to have to make the climb.

Climbing takes a lot of hard work.

Your aim should be to take money from traders that haven't put in the work you have and make sure that very few are putting in the level of work you are.