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If you are an experienced trader then you will know that Day Trading is not glamorous and it can be very hard work. If you are new to trading then as with everything new, it is fun for a while. However to be successful you need to work at it. It is not easy and costs most people everything they can afford to lose and for some, a great deal more. You can read every available book on trading, try every different style of trading, try to use all or different types of technical analysis, use different sets of indicators to help you with entering and exiting trades, but if you are still losing money, then something is still clearly wrong.
Understanding the basics of the market and learning the obvious supports, resistances and moving averages, etc., can be achieved by anyone within a week. Learning when to enter and exit a trade within those parameters without going into a large loss first is the difficult part.
Some traders manage not to lose money and keep their trading pot intact, completely forgetting the years spent in the process, when in fact stacking shelves in a supermarket during this time, would have paid more. On the occasions that one of the rare, profitable day-traders has finally found something that works for them, you will find that in many cases, they have often had no more successful trades than they have had losing trades, but fortunately when added up at the end of each week, month or year, they have managed to run their profits more than their losses, thus creating a positive return. These are the smarter ones. However, without a substantial amount of money with which to trade, the income derived from those profits will be relatively small. The key to making a living from trading is to have many more profitable trades than losing ones whilst keeping the size of the losing trades to a minimum. A ridiculously obvious statement I know. Yet only a maximum of 3-5% of all Day Traders manage to achieve this and I am being generous at 3-5%. If for example a Day Trader (included in this 3-5%) has a very large trading pot as in millions and manages to make 10% PA., this for many would be enough to live on quite comfortably and therefore this trader would be regarded as successful. Most day-traders have a very small percentage of that and day trade because they need to make much greater returns. This is exactly what this system of trading provides.
The obvious question for many would be: Why if you have a system that works, would you want to share it? One reason is simply that all my life, if I did not know the answer to something, then I would happily ask someone, and most were always happy to share their knowledge. The second and perhaps more important, yet also truthful reason, is that I am doing it for money. We all at some point want to try to put something back in to society. If what I did was free to everyone, then it would be abused. When people pay for something then they are generally willing to put in the time necessary to learn. So I decided that as I trade each day for a living, I could also help out others. This would give me both a feel good factor and make an additional income.
For day-trading, technical analysis and charts are essential and are available to everyone. It is how one interprets them that separates the winners from the losers. Only a bad workman blames his tools. When you are daytrading if you cannot find the immediate direction you will lose. We all have the same indicators available to us but if you don't know how to react to what they are telling you then they are of no use at all. I can show you how to find the right direction by actually trading live with you. If you lose, I lose. I can show exactly how everything works and how to interpret things just as I do. After doing this repeatedly everyday you will then be able to take this new knowledge and add it to your own or new style of trading. The advantage to trading in a group ( a successful group ) is that if for a moment you start to slip back in to old ways and start losing due to old habits dying hard the group will support you by saying, "Stop being so stupid! Give yourself a chance and stick to the bloody rules! " as they have all been there before.
Now pose the question: Why would you not take advantage of something that claims it will make you money trading and will give you your subscription fee back if it cannot produce the goods? On that note, I would like to welcome you to Ftse100trading.com and wish you every success as a day-trader.
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About Daytrading
