is NOT Easy Money
by Frank Soler of SolerInvestments.com
Most of my friends and family know what I do for a living,
but have no idea what I do. What???
Let me explain. They know I'm a professional trader, but
if I asked ten random people that know me (excluding trader
friends of course) what I do specifically every day, they're
clueless, except the obvious "You trade".
They don't know my routine, my approach, my methods, my
hours. Yet, without a doubt, I get the dreaded (by me) question
far too often: "If I give you $1000, how much can you
The amount will vary, but nearly always they want to give
me a small amount of money and want me to make them a lot
of money. No thanks, please go play the lottery.
It's not that I don't want to help them. I'll usually even
give these same people that ask very easy to apply wealth
building tips that work. Sadly, most ignore this incredibly
value info and go off in search of "easy money".
Easy money doesn't exist. You need to put in the time and
effort, this is the case for just about anything you want
The high failure rate for traders is well known (90%+),
but the main cause of it is rarely mentioned. It is this-
Failed traders do not want to do what it takes to make it.
That's it. They want the benefits (money, security, time),
but once they realize it's not easy in any way, they either
give up, trade without learning, blow out their accounts,
or any of the many other common practices that add to the
Think of it this way. If you wanted to be a Brain Surgeon,
how quickly could you become one. Brain Surgeon is an occupation,
so is Trading.
Either treat trading as a job, or else move on (and likely
continue to move on and on since without effort, success
is unlikely in anything).
Frank Soler is a successful trader and Registered Investment
Advisor. His company provides real-time Forex,
Futures, Options, and Stock Picks, an eye-opening Trading
Blog, and a free
online trading education center.