How do you know when you are being fed fake informatiom?
Well I'm still in semi-holiday mode here, but I want to keep the ball rolling, so in this post I will start to fill you in on trading and markets in general.
Now, everything I write in this blog will be strictly from my own personal trading/investing journey. No second hand information here. This is important as otherwise I could just be passing along fake information. And believe me there is ample fake info intentionally put out there to mislead new comers to this business, so that they can easily be taken advantage of.
Obviously, everything I post is my own opinion and you don't have to agree with it. Differing opinions and experiences helps make the world go around.
Before I start posting charts with levels that I am looking at to trade, I need to build up some background trading understanding for you. Just try building a house in mid-air! And yes I will be posting trading levels in advance, and not like what you usually see with so called gurus, posting after the fact trades. Showing levels in advance is the only way to truly know a traders ability to trade profitably. Everything else can and will be manipulated!
I have seen these following stats from various brokers: 90 to 95% of retail traders FAIL! I believe this % to be even higher. Please bear this in mind. For myself, it took me 3 yrs to run at breakeven and 7 yrs to turn a profit. I really should have given up after 2 yrs. I floundered in fake info for a very long time. I didn't even know when I was picking up good advice and true info. You just don't know what you don't know.
My posts will be short, mostly because I am not a prolific natural writer like many here on steemit, and it can take me quite some time to get my thoughts coherently down in writing. Also I trade full time and have a family. So I do beg your patience.
Information is a S.C.A.M. Some Can Acquire Millions
😄 Thank you @ghgsports
99 % of the real info is top secret . Wonderful post. Good luck, Sir.
Thank you @amfy, I do hope you'll enjoy what's to come.
That was a long wait for profit- 7 years? You trade online by your own? O you hired somebody to do it for you?
Each person will reach profitability at different stages. It will depend on your character and who has mentored you along the way, as often you can get led onto the wrong path. Your path can be totally different from mine. In the beginning a few different people traded for me and it was a disaster.
I now trade alone but meet with a very select few traders every day to discuss levels. I picked up these traders over the years and we are a very tight group who trust each other completely.
If i got enough money I would like also to venture into online trading.
@puroypoi once you understand the basics, you can start by opening a demo account with a broker for trading forex. When you can trade that profitably, then open a small live account and trade lightly until that too is profitable, and so on ............... Thank you.