First off…..there really is no such thing as “short-term trading”.
Short term trading is a fantasy.
Sold to you much like “a get rich quick idea” or some sad example of “network marketing” where you the “client” exist purely as the client in your own mind – when actually fulfilling the role of “customer” in an industry that just sold you a dream.
You don’t get rich quick. You don’t “make easy money”. More like you “put down your money”, read a couple of forex “how to’s” – and BAM! You’ve been had.
So let’s get back to the fishing metaphor.
I can lend you my fishing rod. I could even be so kind as to take you down to a river I know….point you in the right direction, and even help you out by suggesting a fly or two. (This is fly fishing boys….we’re artists here are we not?)
- Do you care that the river’s a little high? Ya…it rained a lot last night. Ok…I didn’t think so.
- Do you know “where to cast” ( as the fish hold in very specific areas along the river) ? Ok…I didn’t think so.
- Have you ever been up past your knees in water moving “juuuuust a little faster than ya thought it might be?” Ok…I didn’t think so.
- Have you considered “what you might actually do – should you get a bite?” Ok…I didn’t think so.
So………let me get this straight “you fancy yourself a short-term trader” then do you?
It takes years to read a river. It takes even longer to catch fish.