jackmcmillan

Are new successful traders hated? I don't know since I haven't met any. I HAVE met some new traders who were lucky for a while, then lost all their money. Trading ,like any profession, takes time to learn - "one-night wonders" don't stay in trading very long. Don't confuse luck with success, they are NOT the same! I wonder if the author of this article would go to a dentist or doctor who felt "lucky"? How about a heart or brain surgeon who's just studied for just 6 months but feels "lucky"? I'm not implying that trading is equivalent to brain surgery, but both skills require time to develop. There are NO "successful" new traders - just a few lucky ones. The ones that survive long enough to actually learn how to trade correctly will eventually go on to be successful.

Yes, and I get trading tips from my secret decoder ring I found in a box of crackerjacks...

Recently i submitted a message on tl warning traders not to use gann analysis in their trading and i gave logical reasons why gann analysis is flawed. So what happened? I received a warning from tl - apparently they are not interested in the truth - only in perpetuating lies.

I have a strategy that works , at least for me. But why should I tell anyone? What's the motivation? If you like, I'll tell you - for , oh let's say, $5000. It took me years and several accounts to develop it, so why should I give it away for free? Ifd you want to know - you pay. Welcome to the real world!

The attrition rate in forex is pretty high - 90 to 95 % of traders fail. But opening a business isn't easy either - most new businesses fail also at about the same rate (95%) . So the forex is in line with opening a business.