Jake Bernstein — a professional trader, an American analyst and author who uses his more than 40 years of practical experience in market analysis to verify the conflicting and controversial points of view, the formalization and building effective sales techniques. Jake Bernstein is one of the most popular and respected analysts of the stock and futures markets. He also has served as president of MBH Commodity Advisors, located in Vinnetka, Illinois and Network Press Inc in Skots Valley, California. Jake has written over 40 books on futures and stock markets, trading psychology and economic forecasting; introduced numerous methodologies for the analysis of futures markets, built on cycles and technical analysis, is the author of mailing for traders; conducts online training to help traders improve their skills and achieve success trade.
«How many new traders succeed?» — Asks a potential trader from a group of battle-hardened experts. «Of those 40% who survive more than a year, only one or two per cent will learn to consistently make a profit» — meets the head of one of the major brokerage firms. «About five of the 100 — according to my observations,» — said a leading trader of large hedge fund. We Innerworth found that less than 25% hold out at least six months. It seems that many would agree with this: If you plan to do only trading, the probability against you. Here are some ways in which converts traders can avoid common mistakes and win probability.