Continue reading...Looking at all of the glossy ads promoting analysis software, educational courses, seminars, workshops, newsletters, past gurus, new gurus, astrologers etc. you could be forgiven for thinking that taking profits out of markets is simply about something called ?forecasting??
All you need to do, apparently, is pay your money and you too can forecast with such amazing accuracy that you?ll be able to trade on the hoof for just an hour a day as you travel from beach resort to, er?beach resort. Yes, it?s really you on the lounger by the pool in that promo!
Strangely enough, trading is not like that. Professional traders have nothing but disdain for the hype and misinformation peddled largely by those catering to the masses of private traders. ?Professional? doesn?t mean ?permanently making money?, by the way. It has a lot more to do with the crucial elements of trading often never even mentioned in the ads and promos. ?Professional? is more an alternative for ?controlling risk...
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