Quote:
Originally posted by barrowboy
Hawkeye,
are you saying that hardly anybody on these forums is making money, because if that's the case, what the frig are we all doing on here? I came on here to try and get ideas on how to trade properly, to make money, not to lose all of my money without ANY chance at all.... 
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barrowboy,
We are here to learn from each other by exchanging ideas, I guess.
Only 10% of traders make money consistently, this is proven in studies. The fact that we join forums like this would mean that more than 10% here are making money trading, because most of the other traders just grope in the dark, and blow their accounts over and over, having no clue as to how to trade and what to do. Here at least we aretrying to learn, and that's important. But I doubt 68% here are making money consistently from trading.
Let's face it, trading is difficult, time-consuming, and complex. It is a very demanding task physically, psychologically and financially. It requires a very disciplined mind and a proven methodology, and research and learnoing must go on. Remember the 3 M's of successful trading: Mind, Method, and Money management.
But that doesn't mean it is not possible to make money trading, just that it is not as easy as many people or websites would make you believe.
A novice trader may experience beginners' luck, and go on to unjustified exhuberance thinking he is invincible, and then the market will humble him.
The committed trader willing to learn to apply the 3 M's of trading will probably find that one day he is starting to make it, and the rewards will be most satisfying. Not everybody has what it takes, though. It takes a great deal of commitment and effort, but this is the most suitable, satisfying and rewarding career, for me at least.