If you are looking for an online trading education, here is something you might like to know. You will probably fail at trading.
Don' be upset when reading this. I don't mean to crude or put down your dreams of being a successful trader. I am just stating the facts.
The fact is 95% of traders will lose money in any given year. That statistic puts it all in perspective, doesn't it?
So what is it, that the 5% do that the other 95% don't do? Are they just a lot smarter? So they know some secret code or the ever infamous holy grail that people like to talk about?
Well, as one of the 5%, the answers to those questions are a resounding no. No, the 5% aren't any smarter than the 95%. As a matter of fact, you' be stunned to know how many dumbbells there are in this world making money, trading. So intelligence really isn't a requirement.
As far as the second question is concerned, there is no real holy grail. There is no secret (at least none that I am aware of).
It's just that you'll find that the majority of the successful traders can make money just by using a simple bar chart. They don't need all the fancy bells and whistles that most people are spending a fortune.
That's because they understand the power of price action. With price action, you don't need a thousand dollar piece of software or some "magic bullet" indicator.
They know that it's not the equipment, it's the trader.
When I finally learned that, it was the best education on trading that I ever had.
John Templeton has been a successful forex trader after learning how to trade price action. Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. He know has an online trading education course called Trading In The Buff. |
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