Trading books are written by failed traders

Discussion in 'Forex Education' started by new digital, Jul 27, 2018.

  1. new digital

    new digital Master Trader

    768
    34
    69
    There are 20,000 trading books , all books are written by authors , they are not written by traders.The truth is trading books are written by failed traders, .a search on google will show 95% of traders lose, the figure is more likely to be over 99%. Buying any books is for beginners and learners, traders trade, they don't write books.

    Real traders trade , they learn in the market , the market teaches them real trading. Fake charlatans write books and fictional stories about trading , it is all about selling a good book. Real traders make money from the markets , not by selling books .

    Most authors do not know how to make money from trading.They failed at trading , so they wrote a book.There is so much misinformation on forums, books and internet sites.

    An author can not sell a book , if he told the truth , that 95 % of all trend traders lose.Why would anyone buy books on trend trading, if 99 % the true figure is hidden by all trading industry benefactors.


    https://www.earnforex.com/forex-e-books/trading-strategy/

    https://community.ig.com/forums/topic/3874-trading-books/?do=findComment&comment=17789

    http://profitabletrading1.blogspot.com/2018/06/trend-trading-has-no-edge-80-of-trends.html
     
    Ulacan likes this.
  2. Ary Barroso

    Ary Barroso Active Trader

    825
    48
    39
    Very helpful thread; it’s a long list! Thanks a lot; in the weekend I’ll spend my time with these trading eBooks for sure.
     
  3. new digital

    new digital Master Trader

    768
    34
    69
    Ary Barroso likes this.
  4. Ary Barroso

    Ary Barroso Active Trader

    825
    48
    39
  5. Miller.d43

    Miller.d43 Newbie

    23
    0
    2
    This is absolutely true!
     
  6. new digital

    new digital Master Trader

    768
    34
    69
    Real traders trade , they don't sell education on forums or operate forums and internet sites, they make money trading.



    george soros.gif george soros.gif george soros.gif warren.gif
     
  7. new digital

    new digital Master Trader

    768
    34
    69
    Most trading educators, authors and signal providers are quacks , they failed at trading.There is a lot of good stuff out there, but unfortunately 99.9% is garbage.It is virtually impossible task for the little man to be successful, one has to experience and understand profitable trading The industry is the blind leading the blind.Those who failed write books,teach,coach,sell seminars,signals and generally breed the failures of tomorrow.Those who can do, those who can't teach,write books,sell signals.coach, educate and sell maps of technical analysis..Those who can trade,trade!Those who know nought are gurus to the new failures of tomorrow.These people mislead ea developers.We have industry of >98 % failures, they don't know how to trade, never traded profitably, these failures made money from selling books, signals,educationalist courses,trading seminars,trading advice,selling eas, tools,software, pretending to be traders and stooges for bucket shops, they are teaching how to trade profitably, when they don't know how.
     
  8. epicresearch

    epicresearch Trader

    28
    2
    24
    Both Financial as well as Technical analysis is required to writing anything in trading or it comes on experience. not necessary all are loser may be they are expert have too much experience so they writing or guiding new trader..
     
  9. new digital

    new digital Master Trader

    768
    34
    69

    They need to sell their experience and knowledge of failed traders , to new failures of tomorrow.

    Successful traders are non existent , so most of the education is by the blind leading the leading.Most traders who get educated on books from failures / amateurs usually fail.

    Show everybody, you are a successful trader from books.All the nonsense amateur education will need to be unlearned.
     
  10. snugtrader

    snugtrader Newbie

    3
    0
    1
    They still try to make money from trading, just in a different way. Selling what they don't understand. But it's not something new. A lot of books are written by the people who have failed, but they just make money by selling stuff.
     
  11. new digital

    new digital Master Trader

    768
    34
    69
    The trading industry is essentially the blind leading the blind.
     
  12. BitcoinKong11

    BitcoinKong11 Newbie

    29
    3
    4
    You can learn the basics of trading from a book, but you can also learn it for free at many places on the internet.
     
  13. new digital

    new digital Master Trader

    768
    34
    69

    You can't learn profitable trading from books, because those who write books are all failed traders.
     
  14. BitcoinKong11

    BitcoinKong11 Newbie

    29
    3
    4
    What, every single one?
    So no trading book is worth reading?
     
  15. new digital

    new digital Master Trader

    768
    34
    69
    No trading book is written by profitable trader , it is written by writers suffering from the dunning kruger effect.

    In the field of psychology, the DunningKruger effect is a cognitive bias in which people of low ability(writers) have illusory superiority and mistakenly assess their cognitive ability as greater than it is.



    it's from George Bernard Shaw's Maxims for Revolutionists. The quote is “He who can does; he who cannot, teaches through books” It is also a line in his play Man and Superman: “Don't listen to her Bob. Remember those who can, do; those who can't, teach.
     
  16. BitcoinKong11

    BitcoinKong11 Newbie

    29
    3
    4
    That is a massive generalisation.
     
  17. Ervin Samue

    Ervin Samue Trader

    40
    8
    24
    My opinion:
    1. Before you continue, you must know the truth about Forex trading.
    2. There are different ways to profit from the markets
    3. Forex trading is hard work, A book can't show you strategy to success.
     
  18. Onanak

    Onanak Trader

    41
    0
    12
    I am always supporting reading books. On Forex market education is very important but in combination with practice. I never disregard any new trading idea that I read in books because I think that every idea is worth at least testing and only after that disregarding it as “ it won’t work for me”
     
  19. 37riched

    37riched Trader

    110
    19
    24
    I also believe that there are some serious things like strategies that you can never learn from a book. There are several ways of making money in any market. So, the people selling trading books are also just exploring other options of making money through forex without necessarily trading.
     
  20. new digital

    new digital Master Trader

    768
    34
    69

Share This Page