Let me say from the event that this is a difficult question to answer. E-mini traders come in varying degrees of intelligence and negotiating acumen. In fact, traders who have the highest natural aptitude to negotiate the very best stand chance of succeeding. That being said, I have trained many successful traders who persevered through hard work and diligence.
There are some statistics that are words that reflected on the success rate of young entrepreneurs. General statistics you hear quoted is a 90% failure within the first three months. It would be difficult for me to challenge this statistic, as I see waves of businesses entering the market without training and try to become millionaires. Does not work like this, and no ATM machines spit out money for the uninitiated.
Incidentally, I had a dual major in College. Your earned a degree in business and other graduate piano performance. Of course, degree in piano was much more difficult than a degree in business. From my teachers teaching in piano part I once said that if I would be the best "ought to want."I have not forgotten those words, and apply to all aspects of life, especially trading e-mini contracts.
Let's talk about the reasons people fail.
1. Many traders simply lose interest in trading before becoming competent. Negotiation is a lot of work and some merchants simply did not devote time and effort required by the main trade concepts.
2. Many merchants do not have the prerequisite skills or temperament for trading effectively.
3. a large number of traders master never psychologically negotiation. There is a general concession that is sufficient to learn the Setup in order to be successful. Nothing could be further from the truth. Transaction management, and managing your account transactions are basic skills of marketing experience.
I keep very careful about the results of my commercial education and find that around 50% of dealers in my programs successfully. Over 90%, that is something to be proud. Specifically, 50% of students in my program fails, and this is a statistical disappointing. The cold reality of the transactions is that some traders will never be effective and will need to find other work, or any other career.
Of course, there is some good news, many traders e-mini is going to have a successful career in business. This success is a function of physical fitness, mental toughness and a desire to succeed. I have met very few traders who have these three attributes that are not successful. In order to trade successfully, you must want. "there is no magical voices, leading indicators, or commercial techniques that will ensure your success. Only careful study of a system tested and then mastering this system will give you the potential to achieve and the e-mini trading.
From a personal point of view, have promised during the last 25 years to close the trade more times than I am, but keep going back for more and have negotiated with great success in the vast majority of my years of training. You can too.
In summary, we looked at the overall rate of failure among young entrepreneurs. Numbers can be very frustrating and discouraging. Emphasized that one of the keys to success are persistence and hard work. Exactly, not all merchants have successfully completed and that it is a reality. With appropriate training and hard work, I think most people can learn to trade successfully, some traders are more successful than others. It is also a reality.
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