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and seats on stock exchanges do not of themselves make money for people. Only the ingenuity of the human mind can turn capital resources into income-producing assets. Likewise, only the creativity of the individual can parlay stock price movements into trading gains. |
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The insight of the guru is tantamount to the power of the wicked witch's ruby red shoes in The Wizard of Oz. Those ruby pumps could harness lightning bolts for the witch but turned to anchors on Dorothy's feet. Just as the true power of the magic shoes was always within Dorothy, successful trading may lie within you. I am going to share my insight and experience. Trading is risky, and your ability to handle risk in a businesslike fashion will increase your chances for success. |
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People trade goods and services virtually every day of their lives. Most people call their trading a "job," where they trade their services (talents and skills) for monetary compensation. Others barter directly for goods or services. The ability to trade astutely can make the difference between increasing or decreasing value received. |
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Most people who have a passion for trading visualize themselves in a major Wall Street trading room buying and selling millions of shares of stock, similar to scenes they see at the beginning of Wall Street Week on PBS. The thrill of wheeling and dealing with large sums of money and stock is a fantasy that many market participants would love to have come true. The runaway bull market of the last 16 years has convinced perhaps millions of people that trading in the financial markets can be incredibly lucrative and more entertaining than Siegfried and Roy. In reality, this can be true. However, the rewards of trading are not automatic, and much training, work, and discipline are required. In addition, financial capacity must be present, along with the ultimate realization that one can fail in this endeavor. |
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