The Gritty Truth About Trading
For the new comers to trading or those interested in upgrading their lifestyle, the autonomy and freedom trading offers may be part of the motivation and lure of trading. However, it is not like a ATM machine as you may have been led to believe by internet marketing and direct mail advertisers.
Roughly 90-95% who trade their own money will fail - failure meaning they are unable to sustain an income to support their lifestyle. The billion dollar marketing machine of trading is designed to be sexy and cool, more a like a get rich scheme that entices ambitious people in with unrealistic dreams of making the easy money. It's hard to sell the reality of trading to people who are only interested in this niche sector for the riches that it appears to be literally at ones finger tips with a push of a button... buy or sell.
The truth about trading can not be marketed and it never will be. To promote a niche that most will lose all their money and more, that it will cause them to experience extreme emotional highs and lows, that their mental fortitude will be tested again and again would probably not entice a potential trader to buy the book for $19.99.
Some fellow traders may hate me for saying this, but most people are better off handing their hard earned money over to a stock broker (the devil). I have nothing personal against stock brokers, but I do believe they share a close genetic relationship with lemon lot used car sales men.
Ever hear of the term "pump & dump"? The pump and dump are generally microc®ap... artificially hyped and overvalued microcap stocks that are pushed on to investors by stockbrokers with the sales pitch of “New startup will be the next big thing!”
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