Why go to casino when we have day trading & technical analysis..
(SPEAKING FROM MY PERSONAL EXPERIENCE)
Dear mods: Freedom of speech, no name mentioned
Hate comments welcome
There are many training educators out there, so called “day traders” “technical analysis traders”. They in my eyes are very smart people. They know they can’t be profitable in market in long term so as a source of income they sell their courses. I don’t want to take any names of training educators but I am very sure none of them make money by trading. You can join any training educator and can ask him/her to show his trading account or a 3’rd party link like fxbook, he/she will never show. I have personally asked some training educators if they can provide me some kind of verified proof of their trading history, none of them gave any. (Obviously) If I personally would have a technical strategy which really work, I would never sell that at any price.
And don’t even start arguing that my teacher posts looks positive. Posting setups and trading is a whole different world. I have many friends on this website, if you go their profiles and see their posts, no one can say they loose money but in real world, they are not profitable.
Your so-called training educator can be profitable for months or 1-2 years but in long term (if he daily trade/technical analysis). Don’t let short term trading history fool you. THE BUBBLES TAKES TIME TO BRUST. I would further like to support my argument how even the traders with most brilliant trading history won’t last long. Go to fxbook and click on auto trade, take a screenshot of top traders, come back after 6 months and you will see 96 out of 100 would have been gone. I have personally opened fxbook demo account and followed the no 1 trader on that website, for some couple of month he gained 140% but at end of day my demo account is -90%.
Most people are guided by charts and other largely mechanical means of determining the right moments to buy and sell. The one principle of these so called “technical approaches” is that one should buy because price has gone up and sell because price has fallen, this is exact opposite of sound business sense everywhere else, and it is more unlikely that it can lead to a long-lasting success. (The intelligent investor, Benjamin Graham)
The chances of you making money day trading in a long term is 1% out of 100%.
Have you ever though that does successful investors and traders like George Soros, Warren buffet etc sell their courses?
Do these billionaires do day trading?
Do they put rsi, a butterfly pattern, a rising wedge pattern etc on their charts? (Buffet don’t even care what chart has to say)
At current time you may be thinking I am a fool, but sooner or later you will realize how right this post is, and when you find out leave a like.....Best of luck winning the market for speculators.
Dear mods: Freedom of speech, no name mentioned
Hate comments welcome
There are many training educators out there, so called “day traders” “technical analysis traders”. They in my eyes are very smart people. They know they can’t be profitable in market in long term so as a source of income they sell their courses. I don’t want to take any names of training educators but I am very sure none of them make money by trading. You can join any training educator and can ask him/her to show his trading account or a 3’rd party link like fxbook, he/she will never show. I have personally asked some training educators if they can provide me some kind of verified proof of their trading history, none of them gave any. (Obviously) If I personally would have a technical strategy which really work, I would never sell that at any price.
And don’t even start arguing that my teacher posts looks positive. Posting setups and trading is a whole different world. I have many friends on this website, if you go their profiles and see their posts, no one can say they loose money but in real world, they are not profitable.
Your so-called training educator can be profitable for months or 1-2 years but in long term (if he daily trade/technical analysis). Don’t let short term trading history fool you. THE BUBBLES TAKES TIME TO BRUST. I would further like to support my argument how even the traders with most brilliant trading history won’t last long. Go to fxbook and click on auto trade, take a screenshot of top traders, come back after 6 months and you will see 96 out of 100 would have been gone. I have personally opened fxbook demo account and followed the no 1 trader on that website, for some couple of month he gained 140% but at end of day my demo account is -90%.
Most people are guided by charts and other largely mechanical means of determining the right moments to buy and sell. The one principle of these so called “technical approaches” is that one should buy because price has gone up and sell because price has fallen, this is exact opposite of sound business sense everywhere else, and it is more unlikely that it can lead to a long-lasting success. (The intelligent investor, Benjamin Graham)
The chances of you making money day trading in a long term is 1% out of 100%.
Have you ever though that does successful investors and traders like George Soros, Warren buffet etc sell their courses?
Do these billionaires do day trading?
Do they put rsi, a butterfly pattern, a rising wedge pattern etc on their charts? (Buffet don’t even care what chart has to say)
At current time you may be thinking I am a fool, but sooner or later you will realize how right this post is, and when you find out leave a like.....Best of luck winning the market for speculators.