[emg]

Here is an interesting article i came across.

http://articles.latimes.com/2011/ap...rading-20110403

Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.

The reality is, more than 90% of small traders lose!! They just lose!!!

I am looking for the best answers

[emg]

interesting quote from the article

"The business model for forex trading is to burn the customer and then find another one," said Larry Harris, a USC professor and the former chief economist at the Securities and Exchange Commission.

[steve46]

Originally Posted by emg »

Here is an interesting article i came across.

http://articles.latimes.com/2011/ap...rading-20110403

Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.

The reality is, more than 90% of small traders lose!! They just lose!!!

I am looking for the best answers

The answer sir or madam, is that retail (amateur) traders lack education, aptitude, skills, experience and are usually under capitalized....In addition, they are often guilty of simply visiting sites like this one, asking everyone around them how to trade and then throwing money down the drain on approaches that utilize lagging indicators. Clearly you can't learn to fly jets by watching "Top Gun" and then pretending to be Tom Cruise...and generally speaking you won't become a special forces soldier by watching Sylvester Stallone in Rambo....what is needed is education, guidance and time...otherwise the odds are in favor of failure and loss of capital...

[emg]

Originally Posted by steve46 »

The answer sir or madam, is that retail (amateur) traders lack education, aptitude, skills, experience and are usually under capitalized....In addition, they are often guilty of simply visiting sites like this one, asking everyone around them how to trade and then throwing money down the drain on approaches that utilize lagging indicators. Clearly you can't learn to fly jets by watching "Top Gun" and then pretending to be Tom Cruise...and generally speaking you won't become a special forces soldier by watching Sylvester Stallone in Rambo....what is needed is education, guidance and time...otherwise the odds are in favor of failure and loss of capital...

that is the best answer so far!

[MightyMouse]

Originally Posted by emg »

interesting quote from the article

"The business model for forex trading is to burn the customer and then find another one," said Larry Harris, a USC professor and the former chief economist at the Securities and Exchange Commission.

Emg,

Could you please post the whole link? the one you posted does not open properly.

MM

[daVinciLite]

Originally Posted by emg »

Here is an interesting article i came across.

http://articles.latimes.com/2011/ap...rading-20110403

Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.

The reality is, more than 90% of small traders lose!! They just lose!!!

I am looking for the best answers

Well, if you are one of the 10% of small traders that makes money, you'll be rolling in it. Don't you think? Ninety percent of the money goes to ten percent of the participants. Sounds fair to me. I'd have to find something else to do if it was otherwise.

dVL

[SIUYA]

its a numbers game and like many rewarding experiences there is a pointy end at the top of the pyramid.
(I would like to know how much money the top 1% make)

[jaysmith124]

http://www.latimes.com/business/la-f...0,588787.story

something best left to professionals, according to personal finance experts.

I find the word "Professionals" a misnomer. Professionals have have lost a lot of money belonging to others who trusted them.