Education

What’s been happening when you trade can now empower you

Have you ever said the following?

  • The market knows if I'm long or short.

  • The market knows where my stop is.

  • The market knows when I enter and reverses.

  • The market knows my maximum pain point.

Yes, to all of them. Right?

But instead of feeling sapped of confidence and maybe saying:

*@#$%! What sort of loser am I?"

Guess who else says it?
Answer: Everyone
Really? Yes!

Well then. Phew! That's right. Phew!
Because you now realise:

  • You're not tainted.

  • You're not broken.

  • There's nothing wrong with you.  

And if it's not you... There's light at the end of the tunnel. Make sense?

And it's the most empowering realisation you'll ever encounter in trading. Tell you why in a minute:

A twisted irony

You know pokie machines feature sophisticated programming preying on human behaviour. And while for some, it's an addictive path to ruin; you also know you'll never fall for such devious ploys. Agree?

Now imagine you've never placed a trade.
And someone says the market will lure you into:

  • Entering at precisely the wrong moment.

  • Placing your stop at the exact bottom/top of the market.

  • Reaching for your maximum pain point so you exit.

You'd say:
"No way! "That'll never happen to me."


But wait...

You now know differently.

So as twisted as it might seem:

It takes firsthand experience to appreciate the counter-intuitive and predatory nature of markets.

And the same goes for the traders who've gone on to achieve mind-boggling success.

Take Michael Marcus, who turned $1400 into $80 million over his trading career. Only after experiencing several traumatic account blowouts did he accept this reality - turning to external mentorship (Ed Seykota) to gain the insider knowledge instrumental in building his phenomenal career.

And I use the word 'insider' because it's not widely understood. You won't find it via a Google search, for example. Agree?

But the good news is it's available via the proper channels. Whether that's: 

1. Applying for an internship at a professional trading firm, or

2. Seeking a professional trading curriculum built on professional trading firm expertise.

For example:

Can you see the first 6 expertise fields in a professional trading curriculum (available to independent traders) below cover how the market lures traders into actingwithout knowing it's happening?

Why's it important?

If you've been trading markets for any reasonable period, you've worked out there are two distinct groups of people in the market.

Group one:

• Market makers, proprietary trading firms, hedge funds.

Goup two:

•  the majority including => had some success but it didn't last - still need to reach consistency - not making money.

And instinctively, you've concluded that the money flows from group 2 to group 1 with palpable regularity. Agree?

So wouldn't you love to know how that mouse trap works? Of course! Because knowing how it works is equivalent to owning the goose that lays the golden egg. Make sense? 

Hence why it's important. 

And guess what? When you narrow down external training/guidance/mentoring to including must-have 'insider' expertise; you'll find options limited making your decision an easy one. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


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