Is trading really that hard? | Forex Factory

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Is trading really that hard?

  • #1
  • First Post: Sep 16, 2013 1:54pm Sep 16, 2013 1:54pm
I was reading earlier today the pdfs explaining the Sonic R trading style and yesterday I watched a couple of videos for Al Brooks PA course. I just had two lines sticked to my memory. When Brooks said " when I was an eye surgeon before starting trading I was able to make one surgery at a time while in trading I can have lots of shares and profit more, this is a hard job but well rewarding " and in the one of Sonic pdfs he talked about that people should take trading seriously and asked this question " how many years are you willing to go to a college if you know you gonna make a million dollars a year when you graduate?" ....
.
And I wanna ask you guys a question hoping you be honest with yourselves with the answer ... Is trading very hard or you're just lazy and don't wanna do your homework ? .... before answering this question think about how many times you tried to .... Loose weigh following a diet .... studying for a master in your field .... finish college education .... keep going to the gym .... stay at one job for long ... change a habit that you really hate about yourself .... etcccccccc ..... And how many times you've failed to do that even if there was a text book with a step by step guide to do it! !! ... So is trading really hard or it's just everything is hard for you ??? ....
So sorry for always replying late! But I got 2 Jobs!!
  • #2
  • Sep 16, 2013 2:58pm Sep 16, 2013 2:58pm
Back to finish this talk. Speaking of the Sonic concept of how many years you're willing to study I just wanna ask you to think about the time you went to college for and where that lead you at the moment / job salary ... For me I'll complete a 7 years medicine school ( here it's 7 years because there's no premed school ) by January and then I'm gonna work for the government +/- open a private clinic and for that I'll make a sum of x $ ... so I can't find a logical reason that I'll make 10x by studying forex for a year. I think it'll be awesome if I studied forex for the next 7 years like I did with medicine then I'll be happy if I made 2x from trading ( that's better than the x anyway ) ... N.B. I know I'm very newbie to the market but that's what Ican tell from what I saw through the month I been in this world. ... have a good night everybody.
So sorry for always replying late! But I got 2 Jobs!!
  • #3
  • Sep 16, 2013 3:09pm Sep 16, 2013 3:09pm
Basically, Learning forex its simple, but studying its the actual Hard Portion. You can easily learn the essential rules, technological analysis, basic analysis, candlestick, pivot points, time body, trend traces, Fibonacci, assist & resistance, price activity, leverage, funds management along with position dimensions, you can even Learn some sort of hole process and method to business mechanically as well as with that you can lose funds.
  • #4
  • Sep 16, 2013 3:16pm Sep 16, 2013 3:16pm
Quoting Jan Kian
Basically, Learning forex its simple, but studying its the actual Hard Portion. You can easily learn the essential rules, technological analysis, basic analysis, candlestick, pivot points, time body, trend traces, Fibonacci, assist & resistance, price activity, leverage, funds management along with position dimensions, you can even Learn some sort of hole process and method to business mechanically as well as with that you can lose funds.
I don't think it's simple because yesterday that friend of mine let me watch a series of videos explaining the price action trading which he told me that this is the real way to start learning correctly and make money because he saw me spending my time the whole last month on learning the divergence and support and resistance levels which he considered bullshit. And as much as it was hard to understand what's been said in these videos I feel like this is the way to do. Maybe because it's hard ? Yeah. Because I never believed in the easy way existence in life that's maybe why.
So sorry for always replying late! But I got 2 Jobs!!
  • #5
  • Sep 16, 2013 3:31pm Sep 16, 2013 3:31pm
Yes, trading effectively is not easy contrary to what those sleazy sales pages put out..it takes a lot of effort but once you have a good idea on what to watch out for, place orders at the right time, trade profitably ..things should ease up a tad..
Bottom line, converting all that info to knowledge takes a while but any beginner, with effort and research should get there.
  • #6
  • Sep 16, 2013 3:36pm Sep 16, 2013 3:36pm
Quoting Forexnuts
any beginner, with effort and research should get there.
Thanks for giving a hope
So sorry for always replying late! But I got 2 Jobs!!
  • #7
  • Sep 17, 2013 12:33am Sep 17, 2013 12:33am
Don't waste your time and you money. In the end, you will lose it all. Remember this.

Unfortunately you will dislike my comment, but actually I'm trying to help you save your money.

It's up to you, tho.
The Black Swan: The Impact of the Highly Improbable
  • #8
  • Sep 17, 2013 2:50am Sep 17, 2013 2:50am
As a doctor, you wouldn't simply prescribe on seeing a set of symptoms. You know how the body works and you look for the cause.

When you look at a chart, any chart, you are seeing a set of symptoms. You don't need to worry about the detail; divergences, price action etc etc. They are only tools and you pick and choose what you want to use and when. There's no point having a pristine set of instruments to do brain surgery when you haven't a clue how the body works.

You can start by learning about the global economy. Then all the detail will come together and make sense.

It's not hard.
  • #9
  • Sep 17, 2013 6:06am Sep 17, 2013 6:06am
Quoting MapleLeaf
Don't waste your time and you money. In the end, you will lose it all. Remember this. Unfortunately you will dislike my comment, but actually I'm trying to help you save your money. It's up to you, tho.
Don't worry Bro. I won't put a dime in this market before knowing exactly how to do it right.
So sorry for always replying late! But I got 2 Jobs!!
  • #10
  • Sep 17, 2013 6:13am Sep 17, 2013 6:13am
Quoting jen101
As a doctor, you wouldn't simply prescribe on seeing a set of symptoms. You know how the body works and you look for the cause. When you look at a chart, any chart, you are seeing a set of symptoms. You don't need to worry about the detail; divergences, price action etc etc. They are only tools and you pick and choose what you want to use and when. There's no point having a pristine set of instruments to do brain surgery when you haven't a clue how the body works. You can start by learning about the global economy. Then all the detail will come...
That's correct. And guess what! Yesterday I watched a couple of videos made by a fund manager guy explaining how banks affect the game and I think I had better idea after watching it. I also wanna add that if I didn't understand it after all I'll just look for something else to do or focus on my career just like the brain surgery example you gave. Many wanna be but at the end of the day they don't have it and turn to be generals or going to other specialities. There's no shame in that. I wanna people here to get to the idea that if someone tried hard for an adequate time and it didn't pay off then do something else. There are many things to do in the world aside of trading.
So sorry for always replying late! But I got 2 Jobs!!
  • #11
  • Sep 17, 2013 6:50am Sep 17, 2013 6:50am
Muhammad, I think most people would agree that trading is probably a lot easier than brain surgery, lol.

I give you an example of what I mean by global economy: http://www.bbc.co.uk/news/world-asia-23925664 It seems like the mining boom may be slowing down now in Australia, which has fueled their growth for the last 2 decades. Bearing that in mind, if you see a retracement say on the daily and it's an uptrend, would you be tempted to enter? Or would you think whoa hang on, this could be a full blown reversal? If you read that article, I don't think you would be buying AUD anytime soon.
  • #12
  • Sep 17, 2013 8:47am Sep 17, 2013 8:47am
Quoting jen101
Muhammad, I think most people would agree that trading is probably a lot easier than brain surgery, lol. I give you an example of what I mean by global economy: http://www.bbc.co.uk/news/world-asia-23925664 It seems like the mining boom may be slowing down now in Australia, which has fueled their growth for the last 2 decades. Bearing that in mind, if you see a retracement say on the daily and it's an uptrend, would you be tempted to enter? Or would you think whoa hang on, this could be a full blown reversal? If you read that article,...

this Guy Al Brooks I'm watching his videos was an eye surgeon and he says that trading is as much as hard as eye surgery ... I'll read that article later tonight after Man Utd Game then I'll give my feedback since I've to do extra hours in the out patient clinic training so they let me go free at night and I've to go free at night ... because watching Man Utd playing is the greatest joy for me in the world
So sorry for always replying late! But I got 2 Jobs!!
  • #13
  • Oct 2, 2013 4:35pm Oct 2, 2013 4:35pm
Just my two cents here. I've found that trading and understanding the markets are easier than most believe. The reason why is breaking away from all of the confusion especially opinions from all disciplines. This creates consensus and you cannot trade by consensus. There absolutely is a universal rhythm in the markets and they are very predictable day in day out. As a matter of fact i believe the talking heads and so called experts actually purposely confuse traders. JMHO!
  • #14
  • Oct 2, 2013 8:57pm Oct 2, 2013 8:57pm
Quoting jen101
Muhammad, I think most people would agree that trading is probably a lot easier than brain surgery, lol. I give you an example of what I mean by global economy: http://www.bbc.co.uk/news/world-asia-23925664 It seems like the mining boom may be slowing down now in Australia, which has fueled their growth for the last 2 decades. Bearing that in mind, if you see a retracement say on the daily and it's an uptrend, would you be tempted to enter? Or would you think whoa hang on, this could be a full blown reversal? If you read that article,...
I don't agree, and I'll tell you why. While you're busting your ass to study medicine, at least the information out there is honest and straightforward for how you do it. There's no sifting through tons of bullshit like in trading to uncover what you think the truth is nor are you investing time into what can potentially be a dead-end. People usually have a generally good idea of their academic ability; not so much with determining whether or not they're cut out for trading.
  • #15
  • Oct 2, 2013 9:49pm Oct 2, 2013 9:49pm
Quoting MapleLeaf
Don't waste your time and you money. In the end, you will lose it all. Remember this. Unfortunately you will dislike my comment, but actually I'm trying to help you save your money. It's up to you, tho.
is there any thing easy, which can make lots of money in short time?
been there done that, Good Bye
  • #16
  • Oct 3, 2013 8:07am Oct 3, 2013 8:07am
Quoting Muhammad Ezz
I was reading earlier today the pdfs explaining the Sonic R trading style and yesterday I watched a couple of videos for Al Brooks PA course. I just had two lines sticked to my memory. When Brooks said " when I was an eye surgeon before starting trading I was able to make one surgery at a time while in trading I can have lots of shares and profit more, this is a hard job but well rewarding " and in the one of Sonic pdfs he talked about that people should take trading seriously and asked this question " how many years are you willing to go to...
Trading isn't hard although most traders make it quite difficult. The endless search for the magical indicator, system, and knowledge. Take one time tested trading approach and stick with it, master it, and don't give up. Keep it simple.
  • #17
  • Oct 3, 2013 8:15am Oct 3, 2013 8:15am
Quoting renegade
{quote} Trading isn't hard although most traders make it quite difficult. The endless search for the magical indicator, system, and knowledge. Take one time tested trading approach and stick with it, master it, and don't give up. Keep it simple.
What I meant is to tell everyone that hard work is needed to succeed in trading. Just like everything else in life . For instance, a junior like me who don't know anything yet shouldn't expect to win, must study first. And I wanna that one time tested trading approach .. Good day to you
So sorry for always replying late! But I got 2 Jobs!!
  • #18
  • Oct 3, 2013 8:25am Oct 3, 2013 8:25am
Quoting Kanzler
{quote} I don't agree, and I'll tell you why. While you're busting your ass to study medicine, at least the information out there is honest and straightforward for how you do it. There's no sifting through tons of bullshit like in trading to uncover what you think the truth is nor are you investing time into what can potentially be a dead-end. People usually have a generally good idea of their academic ability; not so much with determining whether or not they're cut out for trading.
Straightforward ? I wish ... Come on Bro, you can go to 10 different radiologists for a diagnosis and everyone of them comes out with different diagnosis ... but in medicine there are 2 differences: 1. I get paid whether I've diagnosed your case correctly or wrong ( after doing everything the right way for sure ) 2. Let's say I didn't come up with the right diagnosis and my patient's illness was serious and passed away! , I think dealing with lost trade ( in the end its just a bunch of money! ) is much easier than dealing with the guilt of loosing someone's life. .... so I agree with Jen. And I wanna add to that this "It's not just harder. It's much much harder " good day
So sorry for always replying late! But I got 2 Jobs!!
  • #19
  • Oct 3, 2013 8:37am Oct 3, 2013 8:37am
Quoting Phi1618
the talking heads and so called experts actually purposely confuse traders. JMHO!
You know what. I was watching a video clip of 50+ minutes ( of course was skipping through it ) . That video was a live webinar of how to trade the divergence, during listening to a lot of the nonsense the so called expert was saying I felt exactly what you typed " this talking head wanna confuse me" the next second I closed it. Such bs isn't worth anyone's time.
So sorry for always replying late! But I got 2 Jobs!!
  • #20
  • Oct 3, 2013 8:58am Oct 3, 2013 8:58am
Quoting Muhammad Ezz
{quote} What I meant is to tell everyone that hard work is needed to succeed in trading. Just like everything else in life . For instance, a junior like me who don't know anything yet shouldn't expect to win, must study first. And I wanna that one time tested trading approach .. Good day to you
In my opinion S&R and PA are king, and sticking to good MM rules. I look at how much money I stand to lose versus how much I stand to make. There are plenty of time tested approaches out there, not only one. One approach does not fit all unfortunately. I personally do not have time, or like, watching charts 16 hrs a day. I trade the daily, weekly, monthly charts, and only look and place trades once a day. That may be way to slow and boring for those who feel they have to be in the market all the time. I admire your enthusiasm and wish you the best of luck.
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