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Tuesday, April 26, 2011

Should you be a trader?

First of all, you should not be thinking about trading unless you have money to invest in yourself and possibly lose. Trading is a business and like any other business, SCARED MONEY NEVER WINS! Like any other business, you have to SPEND MONEY TO MAKE MONEY!





Did you know that less than 10% of the people who get involved with trading actually make money? Did you ever stop to ask yourself why this is so? Here is what I know! First of all, the markets are set up for you to loose your money. Trading is a zero sum game, which means, one party has to lose their money while another party takes their money.





Trading is not a get rich quick scheme. Trading is hard work and for the average person takes time, money and commitment to learn this skill. Trading is a learnable skill. However, most of us are not wired at birth to be a successful trader and God bless those who are. If you are struggling as a trader, YOU ARE NOT WIRED FOR THIS!!.





This does not count you out, it just means, like most of us, you will have to do your due diligence. What does that mean? It means stop looking for the easy and cheap way out. You're only fooling yourself. By having this mindset, you are allowing yourself to fall for the scams. The scam artists play on your greed emotion. They know that you want to make the most money you can by putting in the least effort and commitment. You must invest time and money in yourself in order to achieve the success you desire.

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