
398: The Secrets to Consistently Profitable Trading - Brian McAboy
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
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The Importance of Training in Trading
95% of businesses fail within the first five years. What do you think makes it that businesses or traders fail? Is it like a lack of skills? Is it because they trade too much? Or is it because they just don't have the right knowledge? Well, there's two main things that contribute to it. If you want to trade and you've got money, you can trade. It doesn't matter who you are. Short, tall, skinny, fat, stupid, smart, doesn't matter. And so that barrier that low barrier entry is one of the biggest problems. The second one is the lack of training.
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