Decoding Markets and Marwood Research

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For Aspiring Traders
101 Lessons
by Joe Marwood

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My name’s Joe Marwood, founder of Decoding Markets and Marwood Research.
I’m not a financial advisor and I’m not a guru but I am passionate about investing and I’ve 
been trading the markets every day for the last 13 years. 
I created my website as a place to share my investing ideas and connect with other traders 
and I’ve had a lot of fun in the process.
I’ve put together this guide to detail some of the many lessons that I’ve learned over 13 years 
of trading. I’m always learning in this game but I’ve tried to list all of the things that I think 
I know for sure.
This guide is split into six parts; investing, trading, technical analysis, psychology, money 
management and trading systems. I hope you find these lessons valuable on your journey!
about me

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Disclaimer
101 LESSONS FOR ASPIRING TRADERS
Financial trading is risky and you should not bet more than you can afford to lose. Joe Marwood is not a 
registered investment advisor and does not purport to tell, suggest or recommend any securities. Decoding 
Markets Limited provides impersonal educational trading information, and therefore, no consideration can or is 
made toward your financial circumstances. All material presented in this guide and at www.decodingmarkets.
com is not to be regarded as investment advice, but for general informational purposes only.
Trading stocks, futures, commodities, currencies, ETFs and options involves financial risk, so caution must 
always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of 
any trading you choose to undertake. You are solely responsible for making your own investment decisions. 
Hypothetical or simulated performance results have certain limitations.
Past performance is not necessarily indicative of future results. No stock, futures, or options system can 
guarantee profits. The risk of loss exists in stock, futures, and options trading. The author and publisher, its 
owners, or its representatives are not registered as securities broker-dealers or investment advisors either with 
any state securities regulatory authority.
We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you 
choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting 
from your investments are your sole responsibility.

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...on investing
The two most important variables for long-term investors are your savings rate and your rate of return. 
The more money you can save, the more you can invest. The greater your rate of return on that 
investment, the more money you will make. Concentrate on improving both of those variables.