dimanche 17 août 2014

right trader.

I know why you are losing money

Yep, that’s right trader.



I’m sorry to tell you that if you are losing money, its because you don’t have an edge.



And let me tell you something, if you are trading without an edge, it would be just tike gambling.



According to wikipedia:



Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.



So if you have been trading like this all this time, you have not been trading at all, you have been actually gambling.



I’m sorry again, that it has to be me who is telling you this, but its the truth.



Think about it, in the last month, how many times you have traded a currency pair without really knowing what the market was likely to do?



One? five? twenty? It doesn’t matter how many times, what is important is that when you trade without an edge you are actually gambling.



Maybe you like to gamble? If that’s the reason you are trading without an edge, then you are better off going to a casino a lose your money there, at least you’ll have more fun (and get some “free” drinks).



Believe me, there are no traders making consistent profits without an edge.



Ok so you see know where I’m getting at don’t you?



So, if I’m not making money because I don’t have an edge, well, let’s get an edge!



That’s right!



That’s exactly the way smart traders think.




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