portland, OR
Posts: 50 since Nov 2009
Thanks Given: 5
Thanks Received: 23
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I think what everyone is failing to mention is market knowledge.
I assume that your friend knows the market he works in with sales, he can make predictions about demand, supply, and prices and act on those.
The same is true with trading : ultimately what determines whether someone is successful or not in trading is whether or not they understand the market. It's actually worse, because the market tendencies for any particular instrument that can be traded will shift with time, it's not as static and slow moving as trading goods.
And that is the reason it can take several years for a trader to become successful, he may know all the tools and technicalities behind trading, but if he doesn't understand the market of if he doesn't understand the changing dynamic of the market, he will bust out.
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