For those that know me or have done any research on me, they’ll know that my trading style revolves around longer term trend trading. The glaringly obvious reason that I trade this way is because it’s profitable; way more profitable than day trading has ever been.

Too many new traders think trading the markets is like what they see in the films on TV. They get romanced by the whole idea. They think it looks good. They really think that they can have their new Ferrari on the driveway next month from their forex day trading profits. Unfortunately they couldn’t be further from the truth.

You see, day trading is actually one of the worst paid jobs online today. Many day traders never make a profit at all. And of the ones that do, statistics state less than 1% make enough to live on. After this, you have to take into account that you are using your own funds to try and make a profit over the course of the day {however long you decide that to be}. So the idea isn’t that great in reality; In fact far from it.

You also have to remember that the above stats are all based on you knowing how to trade… So as a beginner… Ouch!

So how comes in the films, TV and even the News you see trading rooms packed with day traders making millions each minute? Well actually you don’t. You see, in all these films and so on the people trading are being paid to trade! That is their job. They are paid to trade other people’s money. That’s how your hedge fund manager makes a living, trading some poor suckers money, and if they get a result they get a commission.

Many of these so called professional traders have about as much financial trading ability as my favourite blindfolded chimp. It’s all wind and rain with them; if they can’t dazzle you with brilliance they’ll baffle you with BS.

In essence, fund managers are just trading with virtual funds, just like you get free at the financial bookmakers when you open an account. Unfortunately the funds are real, that’s some fools money there.

I’ve been trading the markets for almost 30 years and I’m yet to see a day trading system or strategy that will consistently deliver over the long term.

If you’re serious about making a living or income from financial trading, be certain you’re serious for the right reasons. Are you in to win or in to look good?
You can read more about my trading system here or contact me here.