What is Trading?
Trading is a zero-sum game. If someone is making money, it means that someone is losing it.
It is never an equal sum, and the fact is there are only a small number of people who are successful & the majority fail. Everyone wants to be on the winning side, but the facts speak for themselves. In currency trading 80-90% of the traders lose money.
So do the small percentages of winners have the Holy Grail? Certainly not. If there did exist a holy grail, then everyone would be a winner.
We believe that understanding the entire business of trading and applying the correct procedures is what separates the winners from the losers.
In our years of experience of trading, we have realized that merely applying technical analysis is not enough to be a successful trader. One can be successful in this exciting, fulfilling and yet demanding business, only if one has a definite plan on how to approach the market.
Unfortunately, most traders ignore this aspect of having a Trade Plan, which ultimately leads to failure. Most traders come into this market with unrealistic expectations. When they realize that trading involves a lot of hard work, patience & determination, most of them just give up, or are taken out from the market.