Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

Is trading for a living possible

125 Aufrufe

Veröffentlicht am

It's the question that is on everyone's mind when they start trading. It's the question that is on your mind too. Right now! And it is totally legitimate. Why would you commit to something if you're not going to get something out of it?

Veröffentlicht in: Wirtschaft & Finanzen
  • Als Erste(r) kommentieren

Is trading for a living possible

  1. 1. El Mehdi Laaroussi Is Trading for A Living possible? It's the question that is on everyone's mind when they start trading. It's the question that is on your mind too. Right now! And it is totally legitimate. Why would you commit to something if you're not going to get something out of it? Why would you invest years of your life and potentially thousands of dollars of your savings if you're not absolutely sure that you're going to get it back tenfold? It must become lucrative and a real source of revenue. There's just no other way. Mark Douglas, president of the firm Trading Behavior Dynamics and author of many famous books that changed how traders approach the market, says in his book "Trading in The Zone" that just 10 percent of the active traders are consistent winners. That means that the 90% of traders are consistent LOSERS. Which means that to make it in this market you have got to be in the top 10%. Not an easy thing to do, for sure. So, is trading for a living possible?
  2. 2. El Mehdi Laaroussi YES! Absolutely and without a doubt. But, It's not easy. The trading world is divided between two kinds of people, as you are well aware now. The people who are on the top and those who are in the very bottom. The middle portion does exist, but sadly it's insignificant. The contrast between levels of success in the trading world is really accentuated. And for a good reason. It's because the majority of people trade for the wrong reasons. They want to make money fast. Thousands of dollars in an instant. And why not! It seems so close. So easy. Just a click of a button away. People are doing it on YouTube every day! But, don't forget! People are losing money every day too! In the pursuit of instant success, gratification and profit. This method works great, if you are a gambler. Not a trader. Consistently profitable traders are not after the short-term gain. They are in it for the long run. They understood, long ago, that to make it in this game, you must master your own emotions and be patient.
  3. 3. El Mehdi Laaroussi You think that for trading to become a source of revenue you need to make those unrealistic returns of 100%, 130% or even 200%? No! It doesn't work like that. The real measure of how profitable a trader is does not rely on such exaggerated returns. The go to reference, or the "bar" that traders set to themselves is no other than the S&P 500 index. It's a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices, and many consider it to be one of the best representations of the U.S. stock market. It's the performance benchmark for all traders big and small. And if you want to become a successful trader, you have got to beat it. What you need to know is that for rational investors to make money investing with minimal risk, they can just put their money in the S&P 500 index and wait till the end of the year to get 10% return on their investments. Nearly a sure thing. So, for you to become a successful trader you need to beat that. You need to become a more attractive opportunity for investors. Let's say, with your trading strategy, you are consistently getting 15% a year returns on average. That means that you can offer potential investors the possibility to make more money if they come to you instead of just putting their money in the S&P 500. Which means that you'll have more funds on your hands and allow you to boost your earnings many times over.
  4. 4. El Mehdi Laaroussi And VOILA! that's the trick! To do trading for a living you need to know what you do. Know it very well. Have a solid and unshakeable discipline. Be patient. And above all, practice, practice, practice. You need to become, yourself, an attractive and reliable investing opportunity with a record that shows what you can do for people and how YOU can make them money. For this, consider making this blog a routine for you and subscribe. We will be going through all, and I mean all the aspects of trading including but not limited to strategies, psychology lessons and insights, fundamentals, technical analysis, money management and risk management. The whole nine yards! Start here: How to start trading? What is FOREX? How to make money online Top 5 best trading blogs What is traded in FOREX?