According to signal sellers & brokers, it is Simple According to a lot of Elite Paper Traders, it is Simple To the 95-99% who lose their trading capital, it is Complex
It is a PROCESS. It is understanding in a general sense what is happening in your daily world relative to the what, when, where you spend your money. Thats the macro picture which is not that difficult to understand if you were not asleep during economics 101. The shorter the time frame the more money and risk management become more important. Every winning trader transitioned from wanting to make some money in trading to where the money was second nature but the challenge of the markets remained. That last sentence is why the PROCESS will never end. Many traders have made enough money to back off some but need more of a daily challenge to "USE IT OR LOSE IT". The stimulus of trading is more than money, it is about using the memory, using the thought process, using the ability to push yourself, to be a part of something, to not be a wasted asset, to be value to oneself and to others. How many new traders get past the fact that to win you must first learn how to lose? A little bit more about history lessons for those of you that did not live through the S&L crisis and think sub-prime was something new. same game different twists, read and learn so the next one will not surprise you so much. http://www.atimes.com/atimes/Global_Economy/JG31Dj04.html http://www.atimes.com/atimes/Global_Economy/JG31Dj05.html