I'm an observer. I watch Emini traders come and go, I watch them start their trading careers with great enthusiasm, spend a fortune on learning this business, and a lot of the time, watch them blow up and give the game away frustrated without ever knowing why.
Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be traders who jump on the bandwagon.
But the fact is that many of these trading system 'revelations' are nothing more than over-hyped garbage designed to separate gullible traders from their cash. Systems that sound great in theory, but don't work in the real world. What happens when this new system doesn't work as advertised? People begin to lose interest and look for the next big thing. And so the cycle continues.
Marketers selling their Emini trading systems continue to roll out their latest and greatest 'must have' tools and methods for beating the market, and all the poor souls who are looking for something to help them improve their trading results, pile on board hoping that finally 'this is the one'.
Normally it's not 'the one' at all, so the promoters give a few refunds to those who actually tried to use it and failed, and everyone else just puts the whole sad episode down to experience. There is a never-ending stream of trading products and courses to buy. The bottomline is that you might never stop spending money on useless training if you try to learn to trade the Emini yourself.
But - What if could shortcut this expensive, difficult to master, extremely time consuming 'learning to trade' experience altogether and start trading the Emini market profitably right now, as soon as tomorrow?
Well you can, and it's a very simple thing to do. By subscribing to a Trading Alert Service that gives you high probability buy and sell signals, you completely remove the need to spend a fortune on trial and error and untold years of your valuable time on learning to trade.
You simply borrow the proven system of somebody who's worked out how to trade the Emini market profitably, and follow the signals you are given. Of course, there are good Alert Services and there are bad ones, so what should you look for when making a decision on which one to register for?
1. Look for a service run by trader who has been in the market for a long period of time who still actually trades the Emini market. You wouldn't believe the number of people selling trading services who have been so beat up by the market that they haven't traded in years. If the guy who runs the service is actually making the calls live in the market for you, that's even better.
2. Make sure you can access a free trial of the service so you can 'road test' the alerts and the atmosphere of the Trading Room before you commit to it. If they won't give you a trial, run, don't walk, away with your credit card safely in your wallet.
3. Spend your time during your free trial period testing the validity of the trading calls and make sure they are profitable before you commit to becoming a member of the system. If you don't find that the system produces a profit for you (whether you paper traded the alerts during your trial or traded them for real), it's unlikely that it will afterwards either. Beware the "Oh, this was just a bad week" story some people will spin you.
By finding a Trading Alert Service that produces consistently profitable trades, you will save your most valuable resource - your time, and likely thousands of dollars in losses as you try to work it all out for yourself.
Showing posts with label leisurely lifestyle. Show all posts
Showing posts with label leisurely lifestyle. Show all posts
Friday, June 12, 2009
Retirement and Financial Planning
Want to retire? This term conjures up images of a leisurely lifestyle, with perhaps walks by the beach or in the park. Retirement and financial planning usually occur together. For the simple reason, one simply does not occur without the other.
Various studies have shown that 95% of the population will not have enough funds in their accounts to qualify as what is considered financially independent by the time they reach age 65. A good proportion of these 95% will still be broke when they are supposed to be able to enjoy their life, and will have to find various means to sustain their daily livelihood. It is a sad situation, but it is a fact.
There are good resources and tools available (and many of them are available online) that aim to help you determine your retirement needs. We and reviewed some of these resources and tools and those that we feel may be useful to our readers, we will point them out to you. A caveat on the use of these tools though. Using such tools to simply calculate how much you need for retirement will not do anything for you at all - if you do not implement your financial plan.
Planning should start as young as possible. This will allow your money and funds to grow through your investments - you should have an investment portfolio that will grow large enough to fund your needs.
What if you do not start young? The results can be quite damaging. Starting late will have the time factor work against you. Why do we say that? The reason is that the compounding effect of time can make a huge difference to the size of your portfolio. Warren Buffet, said to have started very young in investing, will likely be a very good testimony to this fact.
In fact, the compounding effect of time has been described as the eighth wonder of the world! The results and impact on the size of your portfolio can be very dramatic! So do start planning as early as possible. Get your personal financial plan in place. If you have been procrastinating, start now - now is always better than later, and later is better than never.
Carpe diem (seize the day!). Just do it.
Various studies have shown that 95% of the population will not have enough funds in their accounts to qualify as what is considered financially independent by the time they reach age 65. A good proportion of these 95% will still be broke when they are supposed to be able to enjoy their life, and will have to find various means to sustain their daily livelihood. It is a sad situation, but it is a fact.
There are good resources and tools available (and many of them are available online) that aim to help you determine your retirement needs. We and reviewed some of these resources and tools and those that we feel may be useful to our readers, we will point them out to you. A caveat on the use of these tools though. Using such tools to simply calculate how much you need for retirement will not do anything for you at all - if you do not implement your financial plan.
Planning should start as young as possible. This will allow your money and funds to grow through your investments - you should have an investment portfolio that will grow large enough to fund your needs.
What if you do not start young? The results can be quite damaging. Starting late will have the time factor work against you. Why do we say that? The reason is that the compounding effect of time can make a huge difference to the size of your portfolio. Warren Buffet, said to have started very young in investing, will likely be a very good testimony to this fact.
In fact, the compounding effect of time has been described as the eighth wonder of the world! The results and impact on the size of your portfolio can be very dramatic! So do start planning as early as possible. Get your personal financial plan in place. If you have been procrastinating, start now - now is always better than later, and later is better than never.
Carpe diem (seize the day!). Just do it.
Labels:
carpe diem,
financial,
just do it,
leisurely lifestyle,
money,
planning,
prosperity,
retirement,
seize the day,
wealth
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