Trading Global Markets
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas
Paul Samuelson, Nobel Laureate for Economics
Trading Global Markets – Many retail investors struggle with the issue of whether “Trading” is actually “gambling” by another name. The simplest way to address this claim is that Trading is gambling if you want it to be! With the best intentions many people open an online trading account and deposit funds only to become seduced by the flashing lights of world markets in constant motion. Subsequently they start pressing buttons in a fashion not dis-similar to an addict in a pokies palace. They may make some quick money and get a kick out of it but more than likely over the long run will lose.
This is Trading as Gambling.
By contrast, for those who strive to become successful traders there exist basic, repeatable principles for creating success in the market that can be learnt and mastered with the right mental attitude and discipline.
This is Trading!
As Curtis Faith states in his Book “The Way of the Turtle”1:
The secret of trading and of the Turtles’ success is that you can trade successfully by using ideas and concepts that are well known and have been around for years. But you have to follow those rules consistently
It is perhaps the psychological discipline required to build and follow a repeatable trading plan that differentiates a Trader from a Gambler in the market.