I was recently searching Google for Emini Trade Signals and found about 15 million sites that charge for their real time alerts or their buy and sell signals. Are they serious? I can’t imagine how anyone could not get run over by taking signals like these without knowing how to trade the Emini’s in the first place. It’s the knowledge about what is going on that is important, and that can change in a split second in the eminis.
It’s the equivalent of giving a man a fish as opposed to teaching him how to fish. These emini contracts are the most heavily traded in the world and newbies can get eaten alive. One could argue that people like myself are the ones that profit off of these individuals. My argument.. everyone has to pay their dues. Unfortunately many of those dues that are paid, go out to services or indicators that teach bad habits. They also convince the individual that there is a magic indicator or service that can make all their problems go away. I think taking the indicators off the charts is the first step to understanding how the market works. How long did you let your kids ride their bikes with training wheels on them? I remember very vividly that I didn’t have any when I learned. I picked it up pretty fast, call it a trial by fire. My opinion is that the only way to grow is to study the individuals in the business that are successful and copy what they do.. We need to make it our own.
Sir Isaac Newton said, “If I have been able to see further than others, it is because I have stood on the shoulders of giants.” He attributed much of his remarkable success to work done by others.