I Think this is an important topic that has not been properly addressed on FF
There are a MILLION WAYS TO MAKE MONEY, specifically I address forex with that statement.
Rookies should learn this concept early but experience has told me rookies can't learn the easy way.. interestingly I clearly see so called "experts" lacking to grasp the reality of what I'm about to share.
We have Fundamentalists, Quants, Tecnical Analysists. We can break this down more to all the million indicators and wacky patterns that exist... all the billion systems.. there's a million ways to make money..
THE PROBLEM: Everyone thinks there is only 1 super secret method to trading the markets profitably..
It usually goes like this
they jump from method to method because no one system is perfect or can make them extremely rich..
The ones who end up settling for one style or system of trading then begin promoting and defending their method to the death and because it works for them they believe it is the only way to make money in the market.. however...
Theres a Million ways to make Money in the markets, so many different methods, so many different systems, and people are making money with them.. but then why can't you make money trading their method..
why can't you adopt any of the million ways to make money in the market and make money like they do.. in fact 90% of people cannot make money using the same methods the 10% of successful traders do.. why is that...
Because it is the psychology of the individual that makes a successful trader...
It is the way YOU think, the way YOU trade, the way YOU manage
You must find what works for yourself.. you must think on your own and not follow blindly.. you must understand why things work or do not work... this is all for yourself to discover..
when you read something on a forum like "blah blah blah is true" you must take it into consideration.. but decide if it is true or false for yourself
So trend trader? or counter trend trader? both CANNOT make YOU money.. only the one YOU are psychologically fit to trade can make YOU money...
forget about what the other traders are psychologically fit for.. in fact most are psychologically fit for failure... the Military is not for everyone.. what do you think they look for in basic training? who is psychologically fit for the military.. not any other single aspect... and the psychologically fit are who succeed
unfortunately trading is much more difficult then becoming a warrior.. or at least the success rate would support such a statement...
So I will conclude by saying there are a million ways to make money in the market but, only few who can succeed. Stop wasting your time, Start looking in the mirror.
Your Welcome,
NewYear
There are a MILLION WAYS TO MAKE MONEY, specifically I address forex with that statement.
Rookies should learn this concept early but experience has told me rookies can't learn the easy way.. interestingly I clearly see so called "experts" lacking to grasp the reality of what I'm about to share.
We have Fundamentalists, Quants, Tecnical Analysists. We can break this down more to all the million indicators and wacky patterns that exist... all the billion systems.. there's a million ways to make money..
THE PROBLEM: Everyone thinks there is only 1 super secret method to trading the markets profitably..
It usually goes like this
they jump from method to method because no one system is perfect or can make them extremely rich..
The ones who end up settling for one style or system of trading then begin promoting and defending their method to the death and because it works for them they believe it is the only way to make money in the market.. however...
Theres a Million ways to make Money in the markets, so many different methods, so many different systems, and people are making money with them.. but then why can't you make money trading their method..
why can't you adopt any of the million ways to make money in the market and make money like they do.. in fact 90% of people cannot make money using the same methods the 10% of successful traders do.. why is that...
Because it is the psychology of the individual that makes a successful trader...
It is the way YOU think, the way YOU trade, the way YOU manage
You must find what works for yourself.. you must think on your own and not follow blindly.. you must understand why things work or do not work... this is all for yourself to discover..
when you read something on a forum like "blah blah blah is true" you must take it into consideration.. but decide if it is true or false for yourself
So trend trader? or counter trend trader? both CANNOT make YOU money.. only the one YOU are psychologically fit to trade can make YOU money...
forget about what the other traders are psychologically fit for.. in fact most are psychologically fit for failure... the Military is not for everyone.. what do you think they look for in basic training? who is psychologically fit for the military.. not any other single aspect... and the psychologically fit are who succeed
unfortunately trading is much more difficult then becoming a warrior.. or at least the success rate would support such a statement...
So I will conclude by saying there are a million ways to make money in the market but, only few who can succeed. Stop wasting your time, Start looking in the mirror.
Your Welcome,
NewYear