Why I don't Provide Exact Entry and Exit Points?
From time to time, I get messages from you asking why I don't provide trading signals with exact entry and exit points like other traders do. In this post, I would like to add more arguments to my previous statements explaining why trading signals are useless for novice traders.
I wrote in this post that trading signals wouldn't make you rich. Please read it.
Also, I wrote in another post that a trading signal should be considered as a tool. Without knowledge and experience, novice traders use this tool in the wrong way. The quality of trading signals is not so important, but the way how you use this tool plays a very important role in the long run. I gave you examples supporting this statement: "Will you become a good photographer just buying the best photo camera? Will you become a good programmer buying a Macbook? Any tools must be used properly, and for this, you must have knowledge and experience."
But in spite of these arguments, I got the same question again and again. Why I don't tell the exact entry and exit points?
I don't want to give you such information as it makes you lazy! It does not motive the majority of novice traders to start reading books and watch videos about trading. Why do you need to spend your time trying to become a better trader if you can get a message BUY HERE and SELL HERE? Trading signals destroy motivation to improve yourself every day. You don't have reasons to think about why a market is going to move upside or downside. You don't need it as you have the simple instruction when to open a position and when to close it.
I understand, when you start something new, you want to think that you will reach your goals easily. When we talk about trading, you think it is simple. All marketing works in order to build the picture, how it is simple to make money in the financial markets! Just two buttons BUY and SELL, and you will have to think only about the color of your new Lamborghini.
When you know nothing about trading, your plan looks amazing - you need a good signal provider and trading signals from him or her. Nothing more! You believe that short information, when to buy and when to sell, will allow you to become rich. Some of you think that you will be able to become rich very quickly, starting from several hundred dollars! That's why the majority of novice traders hunt for signal providers, trading strategies just in order to start making money right now.
But dear friends, please, don't be so naive! If it could work as you think, we would have millions of millionaires around you. Do you see millionaires around you? Do you see streets overloaded by green, blue, red, yellow, white Lamborghini?
I want to say that success in the financial markets is based on hard work, hard work, hard work, and nothing more! You must work in order to reach your goals in trading. Even the best signal provider won't make you rich if you are lazy and you don't want to improve yourself as a trader every day!
I give you trading ideas where I describe a possible market movement based on signals from charts and indicators. I try to show you the reasons why the price can move upside or downside. I show you the most interesting zones where the price action can give you a trade opportunity. I pick the interesting markets and share with you, but how you trade in these markets, it should depend on your personal decisions. You must use your trading strategies and build your own trading plan! Do your own research using all information you have! Such an approach will help you to get knowledge and experience while you trade. It is very important as knowledge and experience are the key elements of any success in the financial markets.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
I wrote in this post that trading signals wouldn't make you rich. Please read it.
Also, I wrote in another post that a trading signal should be considered as a tool. Without knowledge and experience, novice traders use this tool in the wrong way. The quality of trading signals is not so important, but the way how you use this tool plays a very important role in the long run. I gave you examples supporting this statement: "Will you become a good photographer just buying the best photo camera? Will you become a good programmer buying a Macbook? Any tools must be used properly, and for this, you must have knowledge and experience."
But in spite of these arguments, I got the same question again and again. Why I don't tell the exact entry and exit points?
I don't want to give you such information as it makes you lazy! It does not motive the majority of novice traders to start reading books and watch videos about trading. Why do you need to spend your time trying to become a better trader if you can get a message BUY HERE and SELL HERE? Trading signals destroy motivation to improve yourself every day. You don't have reasons to think about why a market is going to move upside or downside. You don't need it as you have the simple instruction when to open a position and when to close it.
I understand, when you start something new, you want to think that you will reach your goals easily. When we talk about trading, you think it is simple. All marketing works in order to build the picture, how it is simple to make money in the financial markets! Just two buttons BUY and SELL, and you will have to think only about the color of your new Lamborghini.
When you know nothing about trading, your plan looks amazing - you need a good signal provider and trading signals from him or her. Nothing more! You believe that short information, when to buy and when to sell, will allow you to become rich. Some of you think that you will be able to become rich very quickly, starting from several hundred dollars! That's why the majority of novice traders hunt for signal providers, trading strategies just in order to start making money right now.
But dear friends, please, don't be so naive! If it could work as you think, we would have millions of millionaires around you. Do you see millionaires around you? Do you see streets overloaded by green, blue, red, yellow, white Lamborghini?
I want to say that success in the financial markets is based on hard work, hard work, hard work, and nothing more! You must work in order to reach your goals in trading. Even the best signal provider won't make you rich if you are lazy and you don't want to improve yourself as a trader every day!
I give you trading ideas where I describe a possible market movement based on signals from charts and indicators. I try to show you the reasons why the price can move upside or downside. I show you the most interesting zones where the price action can give you a trade opportunity. I pick the interesting markets and share with you, but how you trade in these markets, it should depend on your personal decisions. You must use your trading strategies and build your own trading plan! Do your own research using all information you have! Such an approach will help you to get knowledge and experience while you trade. It is very important as knowledge and experience are the key elements of any success in the financial markets.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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