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Old 08-30-2006, 05:20 AM
Nextek Nextek is offline
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Why are people attracted to trading?

If the failure rate is so high (90-95%) why is trading so popular? It seems like providing service or products for traders has a higher chance of profitability. Any thoughts on this?

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Old 08-30-2006, 05:21 AM
Piptrader Piptrader is offline
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If the failure rate is so high (90-95%) why is trading so popular? It seems like providing service or products for traders has a higher chance of profitability. Any thoughts on this?
Same reason why people start new businesses every year. Also its the attraction of big bucks.

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Old 08-30-2006, 05:25 AM
Daniel Daniel is offline
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Trading advertisement is similar to the tobacco industry. They make it appear so simple and easy. Also many corporate people assume trading can replace their income easily. Most of them become humbled.

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Old 08-30-2006, 05:30 AM
Labcast Labcast is offline
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The potential of a decent income and independence. Trading is a one man job which offers plenty of freedom.

Trading must be treated like a business. Those who read one technical analysis book and enter the markets have close to a 100% failure rate.

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Old 08-30-2006, 05:35 AM
grandwiz grandwiz is offline
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People should qualify for a license before they are allowed to trade. Will save alot of people money.

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Old 08-30-2006, 04:01 PM
specmav specmav is offline
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Some people view trading as a way to get rich quick. They view it as a lottery. What they don't understand is that you can make money by controlling risk and your own psyche.

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Old 08-31-2006, 01:01 AM
Keys Keys is offline
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Over 80% of all small businesses fail in the first year. And yet numerous amounts of people start their own businesses. Same as trading... no one expects to fail. When traders start out, all they see is fortune.

Profits before thinking risks is a sure way to lose.

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