Anyone who has ever wondered about the shrouded in mystery profession of a Trader, and researched the internet or social media about it, was then inevitably bombarded with ads containing seductive images of 27-year-olds with Ferraris and beach mansions in the background. Ostensibly, all an aspiring seeker of freedom from dreadful corporate employment needs is a laptop, Wi-Fi, and a secret market indicator, which will put the lucky subject (and an army of other budding market lords) ahead of the pack, earning them easy millions in short order.
Should a bit of rational thinking be applied to the evaluation process, it would become abundantly clear that trading is a serious, at time tedious, highly nuanced business that requires serious education (vs. some exclusive secret sauce), lots of practice, a mentor, a community, realistic expectations, and deep understanding of risk. And even that is only a start, because trading is a tough mental game, demanding discipline, patience, and a hard to develop mindset.
But most shocking to nearly all novices is the fact that the type of trading promoted in these endless ads is somewhere between extraordinarily difficult and impossible: it is what’s called, “directional trading”, where a market participant decides the direction of the market based on a set of criteria (including the exclusive “secret indicator”), then places a bet asserting that they are correct.
Without going into the nuances of different sub-types of directional trading and its various complex facets, even if you are able to identify an exploitable edge, it is likely to be temporary, as others will probably find the same edge independently or because the edge is marketed by “trading system” vendors. Among many landmines threatening a directional trader hopeful are extreme psychological challenges (such as sticking to a losing trade, when the plan calls for it), poor win/loss ratios (40-60% wins at best), stiff competition from massive well-funded trading desks of banks and hedge funds, whose methods, reader can rest assured, are designed to strip the newcomers of their “market buy-in” expeditiously.
Fortunately, not all is lost for an aspiring seeker of economic freedom. There is still volatility trading, which offers abundant opportunities, truly unique in their character. When implemented using options (which is not the only way to trade volatility), the business of volatility trading resembles collecting insurance-like premiums from other traders who are worried about market risks. It offers attractive benefits, one of which is the absence of most of the often-insurmountable challenges present in directional trading. While there are many options for learning the basics of volatility trading, it behooves a serious student of the markets to find a mentoring situation with a comprehensive program for learning and practicing the complex nuances of successful volatility trading for recurring income. https://VolatilityTrading.Academy is one premier provider of such a program, with a highly experienced industry thought leader at the helm.
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Company Name: Gunner Volatility Trading Academy
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Website: https://volatilitytrading.academy/