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Old 29-04-2005, 02:58   #1
GentleOx
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What are your obstacles in becomming a top trader?

Dear Group,

It interests myself and curiosity to see-

1/ what do beginners feel that they need to do/learn to become a trader?

2/ what is the major obstacle/hinderance in becomming a full-time trader?

Would really love the feedback.....

cheers
Ox
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Old 29-04-2005, 05:26   #2
Blaiserboy
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Re: What are your obstacles in becomming a top trader?

the discipline to study and practise could be a major hurdle to overcome
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Old 02-05-2005, 06:02   #3
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Re: What are your obstacles in becomming a top trader?

There no such thing as free meal
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Old 02-05-2005, 08:11   #4
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Re: What are your obstacles in becomming a top trader?

Bad money management is the biggest obtacle in your way to succeed
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Old 02-05-2005, 10:01   #5
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Re: What are your obstacles in becomming a top trader?

Get qualified advice.
I think some of the problem for the beginner might be all the well meaning advice from people who really have no degree of success yet themselves. How many people who use this forum to try to help others actually support themselves through trading?
I am starting to think 2% may be high. If a seasoned trader has something of value to offer they are probably selling it.
Possibly all well intentioned advice should be proceeded by a short disclosure on how much the advisor actually made in income from this in the proceeding 12 months.
It could be argued that at least these people are trying to be helpful but I think the consequences of bad advice on investments is a little different than with knitting or playing the guitar.
Possibly paying for qualified mentorship, while costly, is the best approach and could save the beginner a ton of money and time.
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