The average futures trader these days has come to the markets either through having had negative experiences trading FOREX, stock options and/or day trading mini S&P and/or mini Russell futures.
The grand illusion and big lie of the markets is that trading these vehicles is a sure fire way to make profits with low risk. The associated grand illusion or delusion is that day-trading these instruments is readily profitable and relatively simple to master.
The plain and simple truth of the matter is that the new trader or new investor is readily attracted to the promises made by so many advertisements both on the Internet and the media. Some of the claims are truly and utterly unbelievable. I'm astounded that people actually believe them.
Anyone who has tried their hand at trading knows the reality of what I'm saying. Although not surprising, many new traders are attracted to the most obvious ways of trying to make money in the markets. But in the markets, as in life itself, that which is most obvious is not always that which is true or right. During these times of record-breaking volatility in all markets there are three keys to survival and profits."
Tuesday, 18 November 2008
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