I'm slowly thinking it's based on one's psyche... I might be misinterpreting or misplacing meaning in a misplaced observation, but it seems some people cannot direct their life well when in comes to money. Some gamble money away, some can't control risk, some splurge money on pointless things...there's quite a few people that I guarantee if won the lottery will spend it all in a few years. Is it really that simple trading is highly correlated to stable psyche at least financial psyche.
No. Millions of people are of sound mind. Only a handful can develop proper methodology. Like brain surgeons kind of
According to my evidence (intraday futures market data ranging from 1996 to 2015), it's not personal. I find statistically significant at 1 percent that traders target the same thing. So the evidence strongly reject your argument that's it's personal. Only during the financial crisis of 2007-08, coincidentally that's when futures market just adopted the electronic platform, it(?) became statistically insignificant.
If you look at the market from the very beginning of the story, the majority is been loosing, and now nothing has changed, except the ones who's inside. So majority is being using all the same tools to do their business, but only few makes it. It's not because market became electronic, or someone adopted a platform, but i do believe that's something personal.
It appears that whenever the dumb ass RN opens his mouth, most just read it and then revert back to the silly and idiotic ways of thinking In a nutshell - the biggest mistake you can make in your life, is listening to the wrong people - but they will always be the ones that sound the best to you, as it sounds like it makes life easy for you. Grow up - and then, shut up and start trading, for, it really is the only way to learn, no matter what your hairy arse flea eating friends might say J_S
Btw, RN, you were missing for a while - hope you didn't have a big loser that set you back 10 years..lol All ok I take it! J_S
Trading *IS* easy. Making money through trading *IS* easy. Being disciplined for some is easy and for some is hard --- This is probably one of the key reasons. Understanding how financial markets is easy for some to learn and hard for others to use -- This another key reason. If Jon is well disciplined and takes a critical approach to how they trade, and make sure they understand thoroughly what they are doing (how markets work, their position, transactions, taxes, etc.) then it will be *EASY* for him to make some money. If Richard is not disciplined and has only a limited understanding of how markets and trading works and insists on going full margin and making lots of money, it will be *HARD* for him to make money. Don't be a Dick
Trading is easy but earning money through trading may require some skills however those can be learnt easily. I think forex is easy for those who have spent time in trading it and learnt from their experiences and it is hard for those who does not have any market knowledge.