Saturday, 8 May 2010

Profession of the "Individual Trader"

Maybe every beginner trader, who is starting his/her "career" is already familiar with it but still thinks that he/she's in the left 5%. The results come soon and in spite of all the books he/she's read explaining "winning strategies", he/she loses his capital. Then he/she starts thinking "This isn't working" or "I did everything right..." or "Those who wrote books are frauds". I want to say that when we, the individual traders are behind the monitor and thinking over our strategy, actually we have got to beat professionals with extensive experience, which manage huge amounts of money. It's really hard to do it.

But still there are 5% successful traders and if we assume that "if anybody can do it, I can do it too", the state "successful trader" is absolutely realizable. But what really cumbers us to be successful enough to make a living from trading and why not grow rich from trading? There are many reasons but the main one is the lack of knowledge and experience.

Because information is flooding us, here comes the essential question - "Which is the quality information?". Searching on the net, probably everybody has seen hundreds of comments, articles, videos and much more materials. Usually they're analyzing what has already happened pointing out different reasons for these events. On the other hand, prognoses for future strengthening with exact arguments are very rare.

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