Best Forex Brokers: The Weather Man And The Stock Market Speculatorby Wang Y. SEM Best Forex Brokers: The Weather Man And The Stock Market Speculator
A weatherman tries to predict if it is going to be sunny, cloudy, or
snowing based on humidity levels, atmospheric pressures, and satellite
images. Unfortunately, the weatherman is not always 100% correct. He can
only make predictions based on the information he is given and his
experience in analyzing this data. Can you imagine making a five-day
weather prediction without any satellite images, atmospheric pressure
readings, or humidity levels? Do you agree that a weatherman without any
data to analyze or training in how to analyze data would not have a job
for very long? Sure, perhaps he might make a few lucky guesses and
forecast the weather correctly for the first three days. But his lucky
guesses would definitely run out, as well as his employment.
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You should view speculating in the stock market as similar to predicting the weather. To make accurate price-move predictions, you cannot make decisions based on a single piece of data. In the case of the weather, images from a satellite will show you where a storm is currently and where the storm was in the past. The satellite images cannot tell you where the storm is heading. To predict its movement, you need more information. Atmospheric pressure, the jet stream, and humidity levels will affect the storm?s future path.
Making decisions by only analyzing a price chart (satellite image) is similar. It alone will not allow you to make accurate predictions. You need more data such as volume levels (atmospheric pressure), fundamentals (jet stream), and market internal futures, tick and trin (humidity levels). But even if you have all this data, you still need to make accurate decisions based on this information. How can you do this?
First, you have to study what all this information means. How could you possibly make an informed decision using the futures, the tick and the trin, if you do not know what they are? The weatherman went to school and received the appropriate education and so must a market speculator. Yet while a weatherman fresh out of school can make accurate predictions, what makes a superior weatherman is experience. After being a weatherman for a few years, he is used to analyzing data that does not always follow the rules he learned in school. Because of his experience, a master weatherman knows when to break the rules, and he therefore makes decisions that are more accurate. An educated market speculator can also make accurate decisions, but to become elite and stand out from all the other players, he has to have experience.
So where does The Stock Teacher Method? fit into all of this? We provide you with the education you need to analyze the data, and we pass on to you all of our experience so that you can become a master trader and know when to break the rules. Generally, our course provides you with over four years of market education and experience in a detailed, step-by-step format.
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Created on Dec 31st 1969 18:00. Viewed 0 times.