Ignorance Is Not Bliss!

Discussion in 'General Trading Discussion' started by TraderAnalyst, Aug 19, 2019.

  1. TraderAnalyst

    TraderAnalyst Senior Investor

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    Yes Indeed, ignorance is not bliss as far as trading is concerned. You need to acquire knowledge and conduct research if you wish to make a mark in this field. For this is a large market and you may get all types of people, some who are genuinely your well wishers but many who can give you wrong information so learn yourself and be protected!
     
  2. J_C_Anderson

    J_C_Anderson Senior Investor

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    For sure, any trader should be able to conduct his own analysis and make trading decisions based on the results of such analysis. Nowadays it is quite easy to find numerous so-called analytics providing the results of their research for a small price or even for free, but such information is not reliable enough in most of the cases. Retail traders should keep in mind that one should have special education and knowledge to be able to conduct rigorous market analysis, and such person is less likely to work for free. At the same time, there is one source of free high-quality information - the reports issued from time to time by large financial institutions, such as JP Morgan, Barclays, The Black Rock or other top-tier companies. Of course, there are no direct investment advice in such reports, but they give an important understanding of the general situation of the market. In fact, it is the only way to get access to the information prepared by market professionals to find out about their point of view.

    Market are subject to changes, so the learning process should be continious. Life long learning is important in all spheres, but in case of trading it becomes almost necessary. Many traders left the markets just because they were unable to adopt to changes and find new way to be profitable. If the trader has its own approach to trading based on his knowledge and experience, and if he is flexible enough, he would find the solution and the way to turn these changes in his favour.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    All investors need to learn to adapt to changing markets - look at people such as Geordge Soros/Warren Buffett, they have adapted to the new era. The day you stop learning is the day your investment career is going backwards.
     

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