Synopsis E-book: Trend Trading for a Living
LET’S talk about your interest in the financial markets. We’ll start with the hardest truth of all: it’s difficult to turn profits and earn a living through the trading game. After all, no one but the mint is printing money, nor does it grow on trees.
So here’s the bottom line for anyone wanting to trade stocks, currencies, or futures. You’ll either earn your success through hard work or lose your stake and move on. Trading has a mathematical advantage over investing, and good traders will make more money over less time than good investors. But the devil is in the details. It’s the trader’s job to capture volatile price swings that flatten out over the holding period of a buy-and-hold investor. As a result, they need to master the challenging skill of time management.