Wednesday, July 28, 2010

Is Trading Easy?

Where you told that trading is easy?

It makes us really mad when we get emails that say trading is easy and that anyone can do it. Yes, we are on the same email lists as you are. There is always someone out there that will tell a group of people that trading is easy and it will only cost you $199 to master the markets.

We hate to be the one to tell you but trading is not easy and anyone who says any different is lying!

It takes years and years to really understand the markets. The people that are telling everyone that is it easy are really robbing you of a great opportunity, why? Because they sell you on the fact it is so easy that you buy into it because you want it to be true. You open a small account in hopes to make monthly money because it is so easy. As time goes on you find out it is not easy and you lose the money and even worse now you think it is impossible and you stop your trading education because if you can’t do it with your $199 e-book no one can.

Trading forums are full of these type of people who did very little to learn and failed and now they want other people to join their pity party. We get it, and it is a shame because that person now has a very negative thought process about the markets. Most people give up in the stage that they actually need to push through harder to learn why they are not succeeding.
*On average in our opinion people start trading real money before they even come close to having their trading foundation.

It seems like people much rather be told what they want to hear and it not work out then be told something that makes them uncomfortable. This is how people’s minds are programmed, we are human. That is why other companies make sales pitches that seem so right, just for you:

“Make money only trading the first 30 minutes, because we know you are busy” (Wow this is perfect because I want to trade before I go to work)

“Become rich only making two points a day!” (Only two points a day that seems doable because I don’t want to get greedy)

You get the picture; the point is there is no short cut with trading. Yes, there are ways to cut down the learning process meaning; have what works and master that instead of spending your time constantly searching for a new answer.

Learning how to trade takes time. Everyone has the time it is just if you personally want to spend the time to learn to trade or do something else. Trading is not a last ditch effort to try and make some money today to pay a bill tomorrow. If that is the case you are better off using the money for other things in life. The stress that comes along with small accounts to pay your house payments is too great for the average person.

Trading is not a “work at home” business that anyone can do. Again, we do think that everyone is capable of learning but trading is not something you read a book on and then pass the exam. You must accept trading for what it truly is and that is buying and selling risk. If you are not the type to take risk then trading might not be for you and that is ok.

There is a learning process that must be taken with the markets. It is you understanding the questions to ask yourself in real time not just searching for the result. We know that most people are just searching for the result and there are plenty of people out there that will give it to you but in the long run you still do not know the questions and you will get stuck without a way to logically find the solution on your own.

Can you make a living making two-three points a day? Yes, if you trade enough contracts to make 3 points mean something to you. But the truth is, it is best to add contracts when you are a profitable trader not just start out trading 10 contracts. And if you really started with 1 contract would you be able to build to 10 contracts? If the answer is no then you should not start off trading 10 contracts.

It is you learning how to get 1 contract to 10. Because if you get to 10 contracts you are making money and your confidence will be high enough to trade 10 contracts without the fear of losing. It is all great when we look at the fact 10 contracts at 3 points is $1500 worth of profits with the ES. But on the other side of the equation a 3 point lose, you are losing $1500!

We have found that our members do the best if they watch the foundation videos over and over then we do 1 on 1 session with each member. This way we are talking specifically about the same thing. This is the foundation to all things to come. From the there you then break it down with live trading and over time parts of the core start to connect. At this point is where the light goes off that you can get it, and you see that the market repeats itself over and over again. Then we break it down to make money with everything you have learned.

It is a process that is worth doing. Because once you learn it no one can take it away from you, it is your forever. As time goes on you start building confidence in yourself and that is when you start adding more contracts to get to your goals.

Final Note:

Because we know that trading takes time this is why we do not charge our members for our ongoing support. We give all our members a nightly video going over current day’s action plus our outlook for the following day and why. The ongoing education is very important to your long term success. Every one of our competitors will charge $200-300 a month for the ongoing support. We do not because with trading you must get everything upfront as your foundation then build from that foundation. Once you are part of eMiniSchool you are part of everything we do.

Find a great foundation and spend your time building that foundation and stop searching for easy result because they don’t exist in the markets!

Happy Trading,
www.eMiniSchool.com


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