The Question & The Answer
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The general question of "Does Anyone Make Money In These Markets?" should be very clear and has been answered over and over again. It is a good question coming from a beginner, however, its is a question that is asked so many times, its annoying to experienced and profitable traders, a question that is asked when the answer is more obvious then the answer to why you would be asking the question in the first place.
I do not mean to be rude whatsoever. But, it is apparent that ("YES") you can make money in the forex/futures/stocks/etc. The idea that you can NOT, or MAYBE you can't, is thought either by an ill attempt at profitable trading or a true beginner doing investigation.
In the case of a true beginner, the answer should be obvious. All of the books, All of the glamour, All of the brokers, etc, are not around because no one has ever been profitable. However, those that are profitable are not the ones who write the books, but are the ones the stories are told about, and are the ones the brokers need to stay in business. Reading between the lines, is the concept in this business aswell as out of it. In all of the books, there is something there you can take from it, but, typically, it is not what is easily read. In all of the stories, there is something you can take from it, but trust me, it is not heard. And all of the indicators given to you through brokerage platforms, can be used, but not in the way perceived. As repeated many times before me, there are inefficiencies/edges that can be exploited in the market, but they only come with hard work and dedication. That means, keep reading, keep hearing, and keep perceiving and eventually, if you are meant to become a trader, it will just happen.
In the case of the ill attempt, ask yourself, have you really done everything you could to maximize the probability of you being successful at trading? I mean seriously. Here is something I would like to share with everyone. I once read inside of a book, a girl was playing a piano, she was playing it in front of a huge crowd. She was playing fantastic, like a pro, almost magically. After her performance, a woman from the crowd walked up to her and said "I would give anything to play like you!", the pianist turned to her and said âNo you wouldnât", the woman replied, "Oh god, yes I would", the pianist again replied "if you would give anything then you WOULD be able to play like me, the thousand of hours practicing, the bleeding fingers, the late nights, the stressful chart analysis"...ok ok I rephrased a little, but you get the point. Thereâs a price to pay for everything, and unfortunately the price always comes first before the product, and again ask yourself...."Have I paid for what I want? Have I given 110% to get were I want to be?". Even on that note, thereâs always somebody out there working 10 times harder then you, always, remember that.
YES, some SpotFX traders are profitable. Yes, some Futures traders are profitable. Yes, some Stock traders are profitable. But if you really want to play the piano this good, "Does Anyone Make Money?" should not be the question.
- secXces
Shane Rochester
9/6/2006
