The Truth About Trading!

I don't want to sound pessimistic and discourage people from joining the trading world, but honestly making a living in trading is a very challenging and tough endeavor to make and it will make it more harder for a newbie if he is not guided accordingly right from the very start.

Majority of traders come to this business ill prepared, most of them(that includes me) are just attracted to a very nice sales pitch from a website or link that discusses all the advantages and the good things about trading or perhaps just being encouraged from a friend or relative. It is understandable that marketers always promote the good things about a particular product and talk less about the bad side of it. In trading this is a very costly situation where a beginner trader can have a different perspective about the market and will end up losing a lot before realizes the brutal truth about trading but the damage has been done.

Online trading is a legit business opportunity and if you are willing to invest time in learning about it can bring good fortune to you and your family in the very near future,preparedness is the key to success. Most beginners rushed their way in trading and just end up losing a lot, they think that online trading is the short cut to financial independence and they did not realize how hard trading is and they do not take the time to prepare and so they end up losing more instead of making money.

Before getting excited on your first trade please think about this and this is a very critical fact,ever since trading has begun until this modern day, the statistic speak for itself  that around 80 to 95% of traders in this business failed or loses money and nobody can argue about it, this figure simply tells us that trading is very tough nut to crack, its like playing basketball game against a 6 footer and you are a 5 footer guy which eventually it will be very hard or impossible for you to win.

Success in trading is a very hard undertaking and it may requires months or even years of learning and hard work before you can develop the right and proper skills of a professional trader, so if you are planning to become an online trader take a step back before making that first trade and re-assess the level of understanding you got about the market, ask yourself  am I fully prepared to go to battle? have I make the necessary research and preparations especially in the psychological aspect?if at any point you are in doubt then don't trade real money unless you have a lot of cash to burn in your account. 

All ill-prepared traders rushed their way in the market and will just end up losing money, while a well prepared trader will always have an advantage over the majority of traders and came out profitable in the long run.  If you want to succeed as a trader then choose the right path!