Mostly it's "tough" because it is akin to gambling. And any attempt I've seen so far to try to predict the future is fruitless.
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Trades for today
- Thread starter farmerjohn1324
- Start date
Mostly it's "tough" because it is akin to gambling. And any attempt I've seen so far to try to predict the future is fruitless.
95% of traders lose money.....this is 'official' broker stats
believe me it is tough
https://en.m.wikipedia.org/wiki/Alchemy
Many people in the past put lots of time and energy into trying to turn objects into gold. All there time was a waste.
I was hoping to find someone here who could change my mind that trading is not the same.
let me give a hint.Mostly it's "tough" because it is akin to gambling. And any attempt I've seen so far to try to predict the future is fruitless.
it is the past that leads to the future.
there is only 2 ways that you can make money trading:have a system that gives you the edge[this is what makes casinos profitable] or understand the market.it took me 12 years to have a clue.
it is possible to make a living .but you already are doing that.
so will you be really committed in trading or will you be tempted to 'gamble'
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let me give a hint.
it is the past that leads to the future.
there is only 2 ways that you can make money trading:have a system that gives you the edge[this is what makes casinos profitable] or understand the market.it took me 12 years to have a clue.
it is possible to make a living .but you already are doing that.
so will you be rally committed in trading or will you be tempted to 'gamble'
If someone were to give me a "system" to start with, I'd listen. I don't really know what is meant by "a system" at this point. Combinations of technical indicators?
Understand the markets? The fundamentals? Supply and demand. Good economic data = rising currency prices. Things like that?
i invite you to my home in India. you can see me trade.you will be shocked to see my profits.https://en.m.wikipedia.org/wiki/Alchemy
Many people in the past put lots of time and energy into trying to turn objects into gold. All there time was a waste.
I was hoping to find someone here who could change my mind that trading is not the same.
but it has come at a huge cost to me to my wife and child.
if i had know it would be that difficult i would not have even ventured into it.
but now i thrilled that i did
a system is a set of rulesI don't really know what is meant by "a system" at this point.
for example if your dog barks and your wife kisses you and a red car passes your house ...you buy.
this is a system whether it will make you money .......
what is your business by the way.
is it manufacturing,service sector....
is it manufacturing,service sector....
yes but you have to actually measure it......Supply and demand
i am very close to understanding the market when i should sell or buy
as i said IT HAS COME AS A HUGE EMOTIONAL AND FINANCIAL COST.
you are a very matured person...in every way.....
if you do not have perfect understanding of markets do not try to trade.
there are many educators who say you can trade with risk reward and money management but i hated that.
they say to understand markets is impossible....i never believed that.
i have always believed it is possible to understand markets how ever random it may seem.
that is why i have traded for 30 years....but never made money consistently until now.
if anyone wants proof of that please visit my home
there are many educators who say you can trade with risk reward and money management but i hated that.
they say to understand markets is impossible....i never believed that.
i have always believed it is possible to understand markets how ever random it may seem.
that is why i have traded for 30 years....but never made money consistently until now.
if anyone wants proof of that please visit my home