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Why Re-invent Trading That Works? |
By:
Antony Lucan |
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Why Re-invent Trading That Works?
Antony Lucan
One of the best secrets of trading success is that success leaves strong (profitable) clues.
It's seldom imagined that something as simple as following someone who knows what they're doing in the markets is the shortest distance to one's goal.
There seems to be a natural instinct to want to re-invent the wheel over and over again.
Perhaps there can still be room for something new to be discovered.
But, here's the rub when it comes to trading the markets (any markets):
There's the "cost factor" of learning one's way to success in the markets. It isn't cheap.
From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.
In addition to the high cost of learning mistakes on our own, we also ignore that there is a significant "time factor" associated with learning things the hard way.
What I've been suggesting is nothing more than what we've already done in our lives already. Perhaps we've forgotten that our school system is exactly patterned this way. Mentors, Teachers show us the most efficient path to acquiring the information we need in life and save us the time of trying to gather all this data ourselves. A process that could conceivably take much longer if succeed at all.
Isn't it obvious then, once we think back on this process, that we've already experienced this successfully?
This is a tried an true approach to learning and applies to trading markets as well as everything else.
Could it be because our egos have been inflated with our sense of accomplishment in our careers and day jobs?
Apples and Oranges. What we know before we come to learn the art of trading successfully, will not generally help us (beyond basic literacy; the ability to read, write and perform simple mathematic calculations).
There's just no doubt then, as it's already been proven in our own lives, that we need our own successful guides, teachers or mentors to succeed in trading markets.
The great news is that trading for results can be and is being taught today.
There are many examples of the success of teaching the skill of trading. One you may wish to research further is that of Richard Dennis and the group of students that became known as the "Turtles". Many of these students of Dennis went on to become heads of the largest trading funds on the planet. Funds worth Billions of dollars.
Their success is legendary and further makes the point of this article.
Fortunately, this teaching process is still available and continuing to this day. There are still those who enjoy passing along their hard-won wisdom of the markets to newcomers and those eager to learn from them.
I'm most interested in collecting more information about these successful traders and their trading models and will continue post the ones I find to my web page which can be reached through the link at the end of this article.
My first very, very short list of "mentors of trading" is in the Forex Market. I will continue to investigate this market and, when I've completed this list, I'll move on to find the very best in other markets as well.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
Why waste time and money when it comes to trading? Tap into the wisdom of http://www.fx-systems-review.com/ Forex Master Traders and their successful trading strategies instead of struggling and losing Time AND Money. Learn more about WHO is available to teach and their trading approaches.
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Article Source: http://www.statssheet.com/articles/article64873.html |
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