Why Is The Obvious Not So Obvious?

MrScalper said:
It all depends on what you are asking about!

Let's say a newcomer..no experience what so ever..maybe something like this.

"What do I need to understand about the financial markets so that I do not throw away my money when I start to learn about trading/investing?"
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What is it that one needs understand in order to not throw away money?

What is it that allows a tiny percentage to profit while most people lose?
 
The next 15 min or so might..note the "might" set the tone for the rest of today's move..if I was trading gold I would be ready to go long..or short..very shortly.

A "reference" point is very hand to work from!

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Short is good as long as we are below 55 but below 51 is even better

Also keeping an eye on USD/CAD and EURO.USD.. seems like same actions happening there as on gold.
 
_eug_ said:
Short is good as long as we are below 55 but below 51 is even better
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Markets are dynamic..it does not matter one little bit what you think..the only thing that really matters is what you do..if you short..and do nothing if price reverses..then you will never learn anything of value.

Of course..you need to have an approach that stops you jumping in and out every time price gyrates..hence..you need to develop adequate chart reading skills.

If this does not make sense to you..are you really suited to trading!
 
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Pelt said:
What is it that one needs understand in order to not throw away money?

What is it that allows a tiny percentage to profit while most people lose?
More...

Almost all the info available on trading is really of no use to you. Trading has hidden costs..picking the wrong market can be the worst decision a person ever makes!

Understanding that markets are dynamic..what this means..and the resulting consequences if ignored!
 
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