Originally Posted by
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The following portion of this is the low-entry barrier to trading. If you wanted to be a lawyer or doctor and finally make a 6 figure income every year, you have to pass a slew of gatekeepers beginning with your initial four years of college.
Then law or medical school gatekeepers ensure that only those which are academically suited input the school. Then their are various evaluations that judge your abilities to deal with the job alongside your intellect.
Once you finish school, you know have to pass the following gatekeeper, the licensing boards of each state.
Once you have your license, you finally have to combine a law firm or hospital which means you have to get by their own gatekeepers.
Once you're in, at this point you have to bust your ass for many years to make partner or get to the point where you can open your very own personal practice.
The final result is that after 7-9 years of universities and 5-7 years of busting your ass for somebody else and only then, will you always make a 6 figure income.
Today, let's consider trading Currency Market. What do you have to become a trader. A frigging computer and $500. Yet everyone thinks they'll be making a constant 6 figure income in a month or two or even years. Forget how the business is filled with some very, very intelligent men and women who've spent years studying how to be a constant trader. Forget how you are going up against businesses which have millions of dollars to throw behind their traders in the kind of service like analysis and system testing. Forget the fact that these very same associations are playing on another field then you are. All you need is a couple of indiors, a broker which does not screw you too much, some cash management and in a year or two you'll be living the high-life.
Is it any wonder so many fail?
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