Sunday, January 8, 2012

Stock Market Tips : Blurring the Vision of a Trader

“I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.”   - Jesse Livermore.

 Trading is an art and a science. Art in the sense that lot of psychological aspects are involved while trading. Science in the sense that there are many universal truths about trading which are time tested in similar conditions presented by the economic environment time & again .

Therefore a trader who understands this science and art of trading relies solely on own judgment. A person who wants to seriously make money will definitely think solely about his/her own benefit as this is the soul behind understanding things.

When a trader enters the market arena he/she is confronted with stock market tips experts. The promising adverts of the so called experts are like the fantasies of a red carpet walk into an open treasury. The treasury is not guarded and the trader is free to enter and pick the amount of money as he/she think fit.

The amateur traders and mostly the greedy community of them are perfect trap for the tip generators sitting eager to churn money out of this greed stricken mob. The stock market tips promised by the so called market gurus are nothing but a farse.These tips do nothing good but blur the vision of a trader in hope of getting rich quickly, but actually what happens is that the stock market gurus get rich quickly with the money earned as their fees.

People should think practically and should try their best not to fall as prey in the trap laid by the failed traders who were not able to make money from the stock market and so start a new stream of income through advising about trading and making money out from those who think that tip experts are sitting for the benefit of others.

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