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emg
Registered: Feb 2010
Posts: 5318 |
04-08-11 12:22 PM
Here is an interesting article i came across.
http://articles.latimes.com/2011/ap...rading-20110403
Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.
The reality is, more than 90% of small traders lose!! They just lose!!!
I am looking for the best answers
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emg
Registered: Feb 2010
Posts: 5318 |
04-08-11 12:40 PM
A quote from the article above
Jeff Goodwin, a 23-year-old Internet entrepreneur in New Hampshire, said that after a few years of losing money in the market, he recently found a strategy that has been turning a steady profit. But the potential for big losses is what makes it fun.
"Is it gambling? Yeah," Goodwin said. "You easily get addicted."
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Shagi
Registered: Nov 2007
Posts: 981 |
04-08-11 01:53 PM
Quote from emg:
Here is an interesting article i came across.
http://articles.latimes.com/2011/ap...rading-20110403
Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.
The reality is, more than 90% of small traders lose!! They just lose!!!
I am looking for the best answers
The irony is the answer on how to make money in any probable statistical based venture lies in that very same article posted to discourage neophytes. If can't spot it then it answers also a lot of questions without asking. 
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olias
Registered: Dec 2007
Posts: 1676 |
04-08-11 03:05 PM
I thought this was particularly sleazy: (from the article) ...""The majority of people today are on a quarterly basis not doing well," Drew Niv, FXCM's chief executive, acknowledged in an interview. "There's lots of education showing, 'Here's how to do it right.' … Do most people heed the advice? No, of course not."'
He makes it sound like everybody should be making money
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