I am struggling with a philosophical issue:
How come not all forex traders are rich?
Here is the thing I dont get:
Even if you havent figured out how to be profitable on your own, or even if you are pretty much clueless I am assuming the following is true, and PLEASE tell me if I am wrong on this:
Is it not true that anyone could simply join some gurus trading room and make at least 200 percent a year - roughly 10 percent per month compounded - by merely following the trade calls in said live room, day in day out? Boring stuff
IF this is true, how come people are still losing money, how come they arent RICH already?
Say Newbie Clueless hasnt got a clue about forex, but loves the idea of retiring in a few years, although he only has 100k USD. What prevents Mr. Clueless from doing that, retiring in a few years?
To put it in other words, what prevents Mr. Clueless from joining the live room, making 200 percent a year and retiring with 2.7 million dollars after just three years?
Please tell me! I have a hard time seeing how the above is unrealistic, so if I am dreaming, please wake me up!
How come not all forex traders are rich?
Here is the thing I dont get:
Even if you havent figured out how to be profitable on your own, or even if you are pretty much clueless I am assuming the following is true, and PLEASE tell me if I am wrong on this:
Is it not true that anyone could simply join some gurus trading room and make at least 200 percent a year - roughly 10 percent per month compounded - by merely following the trade calls in said live room, day in day out? Boring stuff
IF this is true, how come people are still losing money, how come they arent RICH already?
Say Newbie Clueless hasnt got a clue about forex, but loves the idea of retiring in a few years, although he only has 100k USD. What prevents Mr. Clueless from doing that, retiring in a few years?
To put it in other words, what prevents Mr. Clueless from joining the live room, making 200 percent a year and retiring with 2.7 million dollars after just three years?
Please tell me! I have a hard time seeing how the above is unrealistic, so if I am dreaming, please wake me up!