Most traders have an above average IQ, enjoy above average lifestyles, and have more money than most.
Being a trader shows that you’ve achieved a respectable level of success in your life. You can’t even think about becoming a trader without having the capital to fund an account. That doesn’t happen by chance. You’ve overcome many of the challenges that the average person just never seems to beat.
If you’re struggling in your trading though, don’t feel bad. It’s not your fault. Nobody told you what to expect when you got here.
A very enticing picture is presented to everyone when they first get into trading. The basic concept of trading contracts is pretty easy to understand, certainly easier than analyzing than the financial reports of a Fortune 500 corporation. Even in the general news, there are fantastic stories, like Hillary Clinton easily turning $1,000 into $100,000 in a very short period of time in the cattle markets. Every week there are publications talking about trades that resulted in a 400% gain. Just watching the markets after you’ve gotten your feet wet, you see money being made every day.
Nobody told you that the trading industry has the same complexities and challenges as any other, if not more. Nobody told you about the incredible number of factors that make the markets so beautifully unpredictable: humans, weather, technology, politics, news, disease, the list goes on.
They told you that there’s risk in the markets, but probably didn’t tell you that 90% of all traders lose money in their first six months. Many would even return to trading only to go through the same cycle and leave again. Some repeated the process several times before finding success.
For literally thousands of years, commodities have been traded. Ever since the introduction of fiat money, currencies have been traded. For the last hundred years, thousands have sought the crystal ball that will predict the markets with a high degree of accuracy.
Now, there have been a handful of people that have done well in developing trading strategies and trading systems that have shown to make money and demonstrate success a reasonable percentage of the time. Several have been proven to stand the test of time over decades.
In the last twenty years between computers and the Internet, technological advances in data collection and analysis, indicators and mathematical formulas have been created and developed that are available to all traders.
We have a population of traders that is smarter than average and has achieved above average success in endeavors of all kinds. We have strategies, trading systems and tools available to everyone, that give traders every possible advantage and opportunity to enjoy consistent profits from trading,
Logically, the statistic established so long ago should be significantly different by now, yet so many traders struggle and many outright fail and have to leave. As a matter of fact, the 90% statistic of traders losing their money in the first six months still stands, but why?
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