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TheTheonenonly14 (November 30, 1999 at 12:00 am)
The investments people make are confused by the finical difficult they are facing by living standards and money management people with skill will understand it but not me do you know why?
sybrentc (November 30, 1999 at 12:00 am)
@Hot4Chess The savings are used by the bank for giving out loans. The interest rate on savings comes from the loan interest rate.
AirelonTrading (November 30, 1999 at 12:00 am)
@forexyard Hehehe ... a lot of professionals like myself feel that way though. Matt "Miss Trade" Davio interviewed me some time ago, and we went over that very topic. After a while, it's just the same thing over, and over and over again.
forexyard (November 30, 1999 at 12:00 am)
@AirelonTrading This may be the first time that I've heard someone call trading boring. I think you've set a precident!
ZerroRozario (November 30, 1999 at 12:00 am)
How to lose all money)))
AirelonTrading (November 30, 1999 at 12:00 am)
@forexyard Well ... I'm not sure about a lifetime. It gets to a point where trading can become pretty boring, once mastered. I'd say with a good coach or mentor, maybe 4 years.
forexyard (November 30, 1999 at 12:00 am)
@AirelonTrading Anyone can identify a trend line or a head and shoulders pattern. A day to learn, a lifetime to master
AirelonTrading (November 30, 1999 at 12:00 am)
@forexyard Basically, technical analysis can be taught in a day. Mabye two. As Don Miller has said, it's like learning poker. You can learn the hands, and what beats what and the basic rules in about a day.
Never met someone who learned the rules of poker in a day, and then could play with professionals ...
forexyard (November 30, 1999 at 12:00 am)
@AirelonTrading The fundamentals can't be ignored, but 10% seems a little light. Take for instance today, the stress tests can't be ignored and will be driving trading today.
AirelonTrading (November 30, 1999 at 12:00 am)
@forexyard Technical analysis is only about 10% of what it takes to be profitable in trading. In 14 years of doing this, I have never ... ever ... met a trader who is profitable using technical analysis alone. I use it. But as I said, for about 10% of my total work ... |