successful traders are obligated to Teach, here is why.

Quote from FXTraderWill:

The more someone has to be taught how to trade, the less likely it is that that person will be able to make it as a trader in the long term. Even if you can teach someone exactly what you're doing now to make money, and it's black and white enough such that someone else can repeat your process and replicate your results, if he didn't figure out why he's doing what he's doing himself then when the market changes he won't know how to adapt and the arduous teaching you put so much effort into will be useless since your pupil will give back the money they made earlier trying naively to use outmoded strategies that no longer work.

I suspect that most succesful traders don't teach because they believe it would be futile. You can't explain market feel. The more you understand how markets move, the more you see how you would not be providing good by telling others how you trade. All the information one needs to succeed is out there for free on the web - all that's left is gaining one's own experience and developing one's own strategies from his own unique experience.
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hi,

i'm a newbie with market experience almost a year

i couldn't agree more with you

anyway since you mention that information is out there free on the internet

i'm humbling myself if it's possible that you may recommend me some good website for me to study...

thanks alot
 
Quote from dejatrader:

Here's my 2 cents. I think it's nice if you are successful and choose to share your experiences. But you're definitely not under any kind of obligation to do so, moral or otherwise. This is especially true of someone who mastered their craft through diligent study, personal intelligence, and trial and error (is there any other way to learn anything?)

I think giving away your hard-won answers to successful trading, would actually be a DISSERVICE to up-and-comers. Putting in your own blood, sweat and tears and achieving something for your efforts is the whole point of life! Having the answers handed to you creates a life that wasn't worth living.
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Even if you give away your "secrets" to your success, it is very unlikely that the person you teach it to has the same type of personality that you do and therefore would not trade it successfully, at least this is what I have found out in my journey.
As for an obligation to help someone out, I don't think you are required to "give away" your trading rules, but if you study people who are successful and wealthy, they do give at least 10% of their profits to different organizations or even start their own charity organizations.
It amazes me how a thread can turn into a shouting match, or a I'm better than you match. I have found out through my experience that if you go around bragging about how much you make, and how successful you are, then you are probably filling a void inside and have neither of these 2 things. Just my 2 cents worth.
 
The sheer idiocy of this thread...
Illustrates perfectly why...
No successful trader would ever post valuable information.

"Do not throw your pearls before swine".
 
In the beginning when i lost lots of money, nobody ever proposed to help me.
Now that i make decent money everybody wants to be my friend. Suddenly it seems to be normal that should give away my secrets.

The only thing i want to teach others is that in this game you are always on your own. And if someone wants to "help" you, be suspicious and careful, because there is always a selfish reason behind these helpful people. It's all about money, not about friendship and generosity.

In trading there are two necessary factors to be successful:
a good system
a good trader


Not everybody is fitted to be a good trader.
 
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