Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

GlassOnion

Why Are Most Forex Authors Not Active Traders?

Recommended Posts

Most Forex Books Authors and "so called mentors" are not Active Traders. Why?

 

Would you trust the advice of someone who does not trade?

You can answer for yourself if I ask you Why the most profitable traders are not Authors....:2c:

Share this post


Link to post
Share on other sites

The whole finance industry is generally based on people giving advice - and those people giving the advice dont trade or invest. Often because they are restricted due to Chinese walls, or time restrictions on how long they can buy and hold....or because they are bad at it ;)

So yes - i think you can trust the advice of those who dont trade.

 

when it comes to FX, this is often a different matter as restrictions may be less onerous.....

 

But how do you know an author or mentor is not an active trader?

If they are does that mean their advice is valueless?

 

I would imagine you just need to be aware that the author is or is not actively trading and take that into consideration.

Personally - I might trust their advice, but i also might place little value on it.

Share this post


Link to post
Share on other sites
Most Forex Books Authors and "so called mentors" are not Active Traders. Why?

 

Would you trust the advice of someone who does not trade?

 

My guess is that they realized they can make more money selling books than trading.

 

 

No I would not take their advice. That is like a college professor or politician trying to give business advice based on theory and them having never actually done any of it themselves.

Share this post


Link to post
Share on other sites
Most Forex Books Authors and "so called mentors" are not Active Traders. Why?

 

Would you trust the advice of someone who does not trade?

 

Why resort to trust? Just test out whatever they say and see if it holds water. If it does, what difference does it make whether they are active traders or not? If it doesn't, what difference does it make whether they are active traders or not?

 

Unless, of course, one is too lazy to do the testing. Then it would be much easier and far more efficient to collect all one's money into a pile and set it on fire.

Share this post


Link to post
Share on other sites
Most Forex Books Authors and "so called mentors" are not Active Traders. Why?

 

Would you trust the advice of someone who does not trade?

 

Forex book authors or forex mentors are not "active traders" via the exact same reason that most traders are not active traders. Simply, most traders "inactivity" has nothing to do if they write books or not (seriously).

 

I remember a long time ago that most book writers were managers at some firm, market analysts on TV, university professor or someone that worked on wall street. Yet, somewhere along the time line during the late 90s (dot com explosion), anybody (secondary professionals) that had a trading account started writing online articles, writing educational forum message posts and then that slowly progressed into some of these secondary professionals getting into the book writing or mentoring.

 

Therefore, the real question is this...

 

Would you trust the advice of anyone beyond you're own advice to yourself about trading ?

 

If your answer is that you wouldn't trust anyone else, I hope you're a profitable trader (seriously).

 

By the way, here's an example of someone that meets your "trading inactivity". I just finish reading a book titled "Lending Stability to Europe's Emerging Market Economies" bu Dr. Holger Schmieding. He's well known in the Forex arena and he analysis are mostly good. Would I trust his trading advice even though he doesn't trade anymore and primarily now only does economic analysis and write books.? Answer: I don't know.

 

http://en.wikipedia.org/wiki/Holger_Schmieding

 

Note: He's now the Chief Economist for Berenberg Bank in Italy

Edited by wrbtrader

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.