you asked for a statement i gave you one. if you do not trust the statement then bring your eyes here to India and see it for yourself. if you want to come to India, please send a mail to pradeepgolfer@yahoo.com and i will pay for your entire stay -hotel food -... and flight to and and from your home. I will also explain some things about the market:you may be able to trade profitably after that. the mentor ship is free, your expenses all paid for, just send your name by mail. only one condition: you have to wait for your turn....you will be put on a waiting list. apologise for that but there are only so many days when market is not working
oh we can teach. but can they learn. if the teachings are in a book..... then it is difficult... but not impossible: it took me 12 years. But i am confident that if somebody spends time with me personally, i can teach them to trade profitably.for free. i will even pay all their expenses incurred in the visit to me. if anyone is interested see post 141 in this thread It is a lot easier personally.... in a forum: impossible.
There are many ways to understand market conditions. many just not do care.....they wait for set ups, patterns and market internals like momentum and rate of change.and lose money But all these will only work in certain market conditions. And then they will open a thread with some title like "Almost everyone [or everything] is lying and there is no such...." see chart. yellow box: big bars,wide range. this is characteristic of a corrective move. blue box : tight(er) range, one color bar bigger than the other this is a trending move.
Smart choice. There are a few very smart people (or very dumb and lucky over a given time period) who become successful at trading. Then you have those who are smart enough to know that their odds of succeeding are low and thus don't pursue this path and instead do something else from the beginning. My friend is one of these. He's an investor and a millionaire. He finds day trading to be a 'bad trade'. Finally, you have all the people who are stupid enough to think they can become one of the very few who succeed at this and don't heed all the signs that they're not or don't understand the price that needs to be paid in order to just have a small chance. Considering all the various things you can do in trading and all the things you can do - 2 years is just enough to scratch the surface. 2 years is just about when you should have staked out a path and know where to concentrate your studies. But yes. Your choice is probably the smart one. You're also quite right that this business is full of scammers, educators who want your money and also forum posters who's deceiving. Does not make things easier - does it?
What is universally accepted is none of my concern. What is in the books and was written by Eckhardt himself is what I care about. If trading could be taught percentages of losing traders were way lower. You my friend fell to spurious correlation. Look at the desperate guys on this forum, they hardly have a penny in their pockets, hustle it out every single day. Are you claiming trading can be taught and despite desperation and effort put in still 90% or more fail? And you never asked or wondered that there must be some other variables in play that have not yet been considered and measured? Then you perfectly fit in with the crowd.
most of what is out there and taught or discussed is way too complicated: back tests and front tests for years. elliot waves, demark, indicators, bollinger bands, patterns are all too complicated IT DOES NOT MATTER HOW FAR YOU TRAVEL on a wrong road. you have to get on the correct road only that road is the quickest one to your destination there is only one reality and that is the movement of the markets
it is obvious that you have a strong conviction and opinions. ok, the reason why most fail is because they have no mentor no one to guide them in what’s right and what’s wrong, were they given proper guidance the success rate would be higher. but who would be crazy to give away this priceless knowledge I’m not. I will pass on my knowledge only to my children as will others to their closest loved ones. as they say it is what it is. good bye
That is nothing but your pure opinion and feelings. The turtles had proper mentors, education, yet only a very few survived, percentage wise it comes close to the failure rate of the population at large. In that your hunch remains contradicted.
every business is the same:in golf i came across the same frauds; in IT courses the same fraud ......frauds are everywhere only place where no fraud is the zoo...animals do not fraud