Stock market educators or institute vs retail traders
Myth spread by the stock market educators to retail traders
- Day trading always works but it is not true they teach you this because it will provide guaranteed trading volume every day to the broker and commission to the educator who introduces you to the broker. Conflict of interest.
- It is better to not have overnight risk close your position at the end of the day but the truth is it will double their commission if retail traders follow this.
- You can earn monthly income from trading in the stock market - educator teaches you this because they want you to trade daily and generate guaranteed monthly income for himself because you trade daily educator will get commission daily.
- Trading is easy you just need to follow these line in the chart or follow this candlestick - the educator will teach you this you take the trade which guarantees the commission to the educator. He never teach you the checklist, process of buying and selling, they will never tell you the risk in the stock market they don't know anything about it because they never trade in their entire life. If this simple method works why he is teaching you, Why he doesn't trade and make huge money.
- Psychology is the most important thing in trading the educator teaches you this because if you start losing money, of course, you will lose the money you will start blaming your mind not his education.
- All you need is trading software to earn profits in day trading - the educator is selling the sponsored software to you. If he sells the software he will get the commission from the software company. If the software works that good why the software company is selling the software to you. Why they are not using the software to earn profit from the stock market.
- You will earn easy money from the stock market and live a lavish lifestyle - The educator tells this because it will distract your attention from reality and you will start living in a dream far away from the reality. When you lose your all the money, jobs then you realize the truth and follow the reality.
- Join my educator forms or group to earn money - the educator provides broker advertisement on his website to earn the commission from the broker they give free trading tips to the retail traders to provide the entry or exit to the professional traders or to create the trading volume for the broker to earn the commission.
- You can make money if there is volatility in the market. Day trading only works 20% of the time in the last 15 years 80% of the time it doesn't work they will never teach you this. If they teach you this you will stop day trading - the broker will never earn the brokerage and the educator will lose commission.
- The important thing is to learn how the industry works Check this picture it will explain everything to you
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2 Comments
All true.
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