It's all true, but also a bit harsh... In the process there were people who genuinely tried to help me with more "clues" and the thread forced me to constantly rethink how markets work.
If one ever becomes consistently profitable at trading - that person will realise why he needs to figure it out himself. Till then it will be apt for others to go through the entire thread of 700 posts rather than 7 line summary which does not quite do a justice to the thread.
you don't have to be smart..just be able to recognize the difference between common sense..and.. stupidity !!
woulda..coulda..shoulda don't worry..you are not alone..just look at the small print for any CFD or Spread Betting company..and you will see that ALL of them state that around 80% of people who opens an account with them will lose their money.. the big question..is..of course..who would be so stupid to go ahead and open an account with stats like that..not someome with a few $mil to spare..but someone with a few $hundred to spare !!! fwiw..i closed just over £17k of a loss back in 2007..in ONE MORNING..and i couldn't trade for months after it.. but..it was the best thing that ever happened to me..why..simple.. because it made me realize that i hadn't a clue what it is i was doing..and that if i wanted to make money..and hold on to it..then i had to learn about RISK versus REWARD.. only you can sort out your own brain..and until you do..do not expect any MIRACLES
no that is a stupid way of thinking !! the only thing..that i really know..is that i know nothing..BUT..the MES is one easy way to make some money..with low risk..and low reward..AND..if you are not in a position..where low reward is sufficient for your current lifestyle.. then..need i say anymore !!! u see..it really doesn't matter what you spell out for people on this stupid internet..as 99.999% of them haven't got what it takes..and that being..common sense
WHOaaaaa..that is MISLEADING !!!!? CERTAIN instruments are VERY PREDICTABLE..but..if you don't understand what makes them so..then how can you expect to make any money trading them.. ever heard of HORSES FOR COURSES
WTF the only certain thing when trading is that you can lose..so..that is your first REAL test to becoming successful.. this means..every trade is a loser from the moment the trade is executed.. which of course is a FACT due to spread and commission.. what makes all the difference is the famous equation..and i don't mean E= MC sqrd
do i sense a degree of dis-satisfaction here remember..it is the READER who must READ BETWEEN THE LINES.. it is not the EDUCATOR'S job to create.. "so many asses laiden with books"