i think , once u understand how to analysis, how market work and all, the only things difficult is to fight against yourself, some have very strong mind and never trade outside of there rules, and some do
Yeh I worked at a well known cfd company for years and even the old market professionals blew up their accounts. The only ones that won ended up in criminal fraud cases or asic cases for insider trading!
I work for a well known brokerage, the 80-90% of retail traders losing money is nonsense. The true figure is closer to 98% over the long term and it's all due to mentality not charting or lack of knowledge with technicals etc..
It's because successful traders must constantly do things that are very uncomfortable for human beings to do including 1) taking losses 2) going contrarian 3) going with the trend 4) being disciplined
Really nice video, i would love to ask : what do think of AI these days i feel it is somehow think like a real human (unlike the robotic trading these days) do u think one day we won't be able to compete with AI?
Good question - that's probably a whole new video! I suppose if someone uses pattern recognition for trading that is definitely somethign that could be learnt by AI and perhaps refined as time goes by. Will be interesting to see how it all develops.
Loved the new series…I would like a conversation on hedging a portfolio.
Interesting topics and love the candour.
i think , once u understand how to analysis, how market work and all, the only things difficult is to fight against yourself, some have very strong mind and never trade outside of there rules, and some do
Yeh I worked at a well known cfd company for years and even the old market professionals blew up their accounts. The only ones that won ended up in criminal fraud cases or asic cases for insider trading!
I work for a well known brokerage, the 80-90% of retail traders losing money is nonsense. The true figure is closer to 98% over the long term and it's all due to mentality not charting or lack of knowledge with technicals etc..
It's because successful traders must constantly do things that are very uncomfortable for human beings to do including 1) taking losses 2) going contrarian 3) going with the trend 4) being disciplined
Really nice video, i would love to ask : what do think of AI these days i feel it is somehow think like a real human (unlike the robotic trading these days) do u think one day we won't be able to compete with AI?
Good question - that's probably a whole new video! I suppose if someone uses pattern recognition for trading that is definitely somethign that could be learnt by AI and perhaps refined as time goes by. Will be interesting to see how it all develops.
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