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If you’re looking to become the best trader you can be, then there are a few bits of advice you’d do well to heed to make sure you don’t fall behind the competition. Incredibly talented and on-the-ball traders are always in high demand, and they’re really pulling in the cash whenever they’re able to show a company or an investment firm that they can make a lot of money in a short period of time with minimum support. So how do you go about hitting the big numbers?

First, you need to stay wired in a lot of the time. You’d think this goes without saying, but most people keep track of the numbers and not the news – big mistake. Ensuring you know what businesses are performing admirably and which ones are tanking can mean you’ll then trade well in the stock market while taking fewer risks.

Second, know your market. Doesn’t matter whether you’re a stockbroker or a bullionvault.com trader – if you don’t know every single detail, every law and every guideline, looking things up or tripping over things you’ve missed can cost you time and money – both vital resources in the trading game. Falling out of sync with the way things work is a rookie mistake and can cost you and the company dearly.

Third, don’t lose sight of the important things in life – i.e. outside your office. Take the time to have weekends, spend time with those you love, eat well and sleep as much as you can afford to. An unhealthy, exhausted trader who’s miserable isn’t going to perform well, and if you’re not enjoying life, it’s harder to enjoy your job. So be careful with yourself and don’t make any extreme sacrifices if it will hurt you or anyone else.

One last tip – stay positive. Sometimes things will go well, and sometimes you’ll lose millions. It’s part and parcel of the trading game, and that ebb and flow comes naturally with attempting to turn lead into gold, figuratively speaking. Good luck, and enjoy your time in the market.