Thursday, April 22, 2010
The Long Road
Once you begin on your road to trading success ,you will realize that you never stop learning ,reading ,keeping up to date with new thinking, new psychology,I am an Architect by profession ,if you had asked me ,if I would have foreseen myself reading economic news ,trying to keep up with current market sentiment in the financial market , I would have laughed at you.
I find myself searching financial websites,lurking bookstores,starting off with the section for dummies ,economics for dummies, trying to absorb as much as possible.
This is only the start of your trading career ,usually when someone asks me to explain or teach them to trade I ask them to read the fist 10 pages of a strategy book based on ICWR strategy that I read to teach myself to trade on a flight back from a business trip, I gauge there reaction to the book ,that usually gives me a clear indication whether they would enjoy trading .The book was a strategy book.so it wasn't completely mind numbing ,it was my first insight into the trading world and as most strategy books go ,the future always looks paved with riches the easy way.
The Monday following my trip back I traded my first live contract ,thinking I was equipped to handle the market ,ready to make my millions,what a wake up call.
Now if that sounds familiar ,as I am sure it does ,you are in for a big shock ,2 years later I am only now starting to crack the markets ,after countless mind numbing books,sifting through self proclaimed market guru's,chief bank dealers selling mentor ships who are absolute frauds ,and trust me it always comes out sooner or later ,but only once your hard earned cash has crossed hands ,never to be seen again.
I have come across one person in all the time that I started trading ,who I literally had to beg to teach me to trade ,who in my eyes is a professional trader names kept anonymous ,who by the way didn't part ways with his strategies ,which makes you ask the question WHY? and for the record He emigrated to the UK after he made millions on the market.
It boils down to various factors ....first ,you need to pay your school fees ,plain and simple ,we all had to pay our school fees so do you ,there is no easy way ,trust me on that, dont think after bieng promised that once you do this course promised by "experts " you will start making money in trading .YOU ARE FRESH MEAT
and you will definitely blow your first account ,and more likely, not be trading in the next 6 months.
Secondly for every winner there is a loser , why do we want to part ways with our insight on how to make money in the markets ,remember that if you are losing money, it means we are making money.
BECAREFULL of self proclaimed Guru's ,strategies that never lose, trading doesn't just boil down to a strategy ,it boils down to insight into the market ,being able to look for turning points and trying to capitalize on those turning points and in the attempt to find these turning points ,you begin to analyze the markets looking for areas of high probability trades ,and that doesn't come with a strategy.
If you are serious about making a career out of trading and you have paid school fees ,take the journey to learn to trade the markets properly and invest the time.If you are serious about trading you can leave a comment I will help point you in the direction ,I am not selling any product ,nor am I offering mentor ship and I am definetly no self proclaimed guru ,I am just a trader who has paid his school fees ,I will give you one word ............and the rest is up to you .
I find myself searching financial websites,lurking bookstores,starting off with the section for dummies ,economics for dummies, trying to absorb as much as possible.
This is only the start of your trading career ,usually when someone asks me to explain or teach them to trade I ask them to read the fist 10 pages of a strategy book based on ICWR strategy that I read to teach myself to trade on a flight back from a business trip, I gauge there reaction to the book ,that usually gives me a clear indication whether they would enjoy trading .The book was a strategy book.so it wasn't completely mind numbing ,it was my first insight into the trading world and as most strategy books go ,the future always looks paved with riches the easy way.
The Monday following my trip back I traded my first live contract ,thinking I was equipped to handle the market ,ready to make my millions,what a wake up call.
Now if that sounds familiar ,as I am sure it does ,you are in for a big shock ,2 years later I am only now starting to crack the markets ,after countless mind numbing books,sifting through self proclaimed market guru's,chief bank dealers selling mentor ships who are absolute frauds ,and trust me it always comes out sooner or later ,but only once your hard earned cash has crossed hands ,never to be seen again.
I have come across one person in all the time that I started trading ,who I literally had to beg to teach me to trade ,who in my eyes is a professional trader names kept anonymous ,who by the way didn't part ways with his strategies ,which makes you ask the question WHY? and for the record He emigrated to the UK after he made millions on the market.
It boils down to various factors ....first ,you need to pay your school fees ,plain and simple ,we all had to pay our school fees so do you ,there is no easy way ,trust me on that, dont think after bieng promised that once you do this course promised by "experts " you will start making money in trading .YOU ARE FRESH MEAT
and you will definitely blow your first account ,and more likely, not be trading in the next 6 months.
Secondly for every winner there is a loser , why do we want to part ways with our insight on how to make money in the markets ,remember that if you are losing money, it means we are making money.
BECAREFULL of self proclaimed Guru's ,strategies that never lose, trading doesn't just boil down to a strategy ,it boils down to insight into the market ,being able to look for turning points and trying to capitalize on those turning points and in the attempt to find these turning points ,you begin to analyze the markets looking for areas of high probability trades ,and that doesn't come with a strategy.
If you are serious about making a career out of trading and you have paid school fees ,take the journey to learn to trade the markets properly and invest the time.If you are serious about trading you can leave a comment I will help point you in the direction ,I am not selling any product ,nor am I offering mentor ship and I am definetly no self proclaimed guru ,I am just a trader who has paid his school fees ,I will give you one word ............and the rest is up to you .
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