Superstar Analysts - are these people making money?

I received an invitation from my Broker to attend a seminar from Boris Schlossberg. He is highly recommended as a contributor to Reuters, CNBC, etc.

This is not to ask for a recommendation to attend, my thoughts are about "Trading Superstars" that publish, comment and are highly visible in the Financial Markets "Info"-Arena (like Kathy Lien, Raghee Horner, and others).

I just asked myself if they are so good as Analysts and have the "real inside scoop" then they would be sitting in front of a computer and amassing tons of money. I also don't see people becoming Millionaires by following CNBC's advise....(one topic that Boris Schlossberg is going to present is "Five reasons why the dollar could falter" - the word i underlined here is "could")

Are they more good Marketing people or really good Traders? Or maybe there are good Analysts and good Traders are a different breed...

What do you think? My aim is not to discredit, but sometimes I am amazed how good of a living I could do by just giving advise instead of practicing whatever I recommend. Again, I don't have any personal vendetta against Analysts, Commentators, just curious about how you feel about this.

Wish you Success within or outside of Forex!

wat do you do wen u know all the market theory but cant make money from trading ? find an alternate way for a living without throwing the knowledge u have ...

Not everyone is good at trading and so they go into market analytics & research. Not everyone is good at finding, disecting, researching, and publishing market information ... so they trade.

There are some great analysts who make money and there are some that cant. Trading can be more about analysing and being correct. It is about being able to take the risks with YOUR OWN MONEY. Some people just are not cut out for that however the information they have, there potential systems and views and there ability to read the market can be phenomenal, hence why alot of traders have analysts in my view. The traders have no problem with the taking of the risk and trading while the analysts give them the view.


Razor

Its hard to pay attention to analysts who try to give reason, or describe what has happened after the event; much like closing the door after the horse has bolted. Those ones are a dime a dozen.

I'm always ammused by posters in the 'fxnews' section who tell you 'soveriegn buyers seen at xxxx eurousd'. When you look at the chart the price bounced from there 30 pips 4 hours earlier, and its not usually long before that level is breached and the price falls 100 pips lower.

I cant really say much for the fx360 team. There more likely to give you something to think about rather then something to trade.

As far as trade recommendations are concerned, i'll only respect someone who's honest/transparent about his/her results.

Its only my opinion, but i think fx360 are not transparent about their performance.

In that regard Joel Kruger at dailyfx is probably best. He prints his stats for every trade and keeps a running total so you can see his exact performance (which imho is pretty damn good).

Post hoc ergo propter. That said, everyone has to make a living somehow.

I too don't begrudge people for making a living. Boris, Kathy, et al. make their living as analysts and authors, not as full-time traders. But I am reminded of the old saying "Those who can ,do. Those who can't , teach" .

well, i don't know about most of the "superstars" but i have met Borris and my company worked with him for a bit and i've met Rob Booker a few times. I know Boris is a good trader and the reason he doesnt sit around and trade all day is because he trained a team of people to do it for him. that way, he's free to go and appear on CNBC and stuff. so he's still making the money he would be by just trading, plus extra. as for Rob Booker, he does what he does because he genuinely wants to help people. he makes enough actually trading, and then spends the rest of his time with his family and teaching others how to trade.

i also know that at a certain point, some of these guys just simply get bored with just trading and want to do something else. i do agree with Jhig though, a lot of the supertars fall into the whole "those who cant do, teach" category.

FWIW, Rob Booker is featured in Chapter 3 of Boris & Kathy's book Millionaire Traders (Wiley, 2007). FX is apparently a small world, LOL.

dude, it really is. i was talking with a guy i met at PFG best, and he was saying how everyone knows everyone. and its true. my company worked with GFT for a while and we would ask our main rep if he this guy or that girl, and he knew them all well. its hilarious.

There is an old saying that goes "Teachers don't trade and traders don't teach." ...nuff said!! I have seen some of the trade recommendations by some of these "experts" in twitter rooms and I often wonder what makes them so great. Also, the so-called experts rarely post their trade ideas on a regular basis. I guess they want to maintain the mystique or something.

Heres what the NYT is publishing today based on a report by Reuters.

A second estimate of the unexpectedly weak gross domestic product figure for the fourth quarter is due on Friday, and a Reuters poll shows most economists expect an upward revision from the initial figure...

Heres the same stroy from WSJ based on a report from Associated Press.

...decline in business investment led many economists to reconsider their expectations that a 0.1 percent rise in gross domestic product in the fourth quarter would be revised upward in new data due out Friday - with some warning of a downward revision instead.


You can judge the standard of an expert by their ability to sit on the fence.

Who was this master of the markets talking about? Who was he telling people they should take trading advice from? Lenny Dykstra!!!

http://www.thedailyshow.com/watch/tu...nancial-career

You can be a good analyst based on your perception but the point is your analysis will only be correct if you trade based on it.

Its like you know how to plan but implementing it is a different thing.

Unfortunately many of them dont. I do know a couple that actually do, but nonetheless, most of them have good info you can take from their experiences.

This is like the prefect answer, I couldn't have put it better myself really. These guys know how to trade, but yet they can't...

I like this answer as well. If someones day job is being an analyst so be it, I'm sure it pays better than flipping burgers.