I've been trading now for a couple of years, not just forex, but stocks, mini futures and hopefully options in the future. I popped into the bookshop earlier today to see what titles they had on trading institutions etc (I'm looking to get a job as a trader with a City Bank, and my eyes wandered over to the 'trading' and investing section, and scanning through it, I was shocked to see that not one of the books discussed how to actually make money in the markets. So many have dubious mathematical models such as MACD incorporated into trading systems...not a single book on the principles of Wyckoff at all...
It is not a surprise why so many people fail at this business...the information is simply not on offer for beginners. If anyone is reading this, and struggling with their indicator based system, then my advice to them is this: Shut down the trading platform. Then ask themselves: why would price actually go up or down?
...
Lets see what you guys think...
If this opens at least one newbie's eyes then I'll feel that this post was not in vain...
Em
It is not a surprise why so many people fail at this business...the information is simply not on offer for beginners. If anyone is reading this, and struggling with their indicator based system, then my advice to them is this: Shut down the trading platform. Then ask themselves: why would price actually go up or down?
...
Lets see what you guys think...
If this opens at least one newbie's eyes then I'll feel that this post was not in vain...
Em
