A study was conducted years ago involving a human and a monkey. Both sat in front of a computer and asked to trade for a speciﬁc duration of time. By the end of the experiment, the monkey had made more money than the human. Certainly, results from the case above are rare and should be taken lightly due to it being a single instance of the experiment. If it were run 1000 times, results would certainly diﬀer.
The main takeaway here is that education-industry salespeople will do anything to make trading look easy. The reality is that it is not quite that simple. In some instances, new traders can remain proﬁtable for a short period. But that doesn’t mean their strategy is perfect or even good! For new traders, a good thing to remember is to practice trade execution for a minimum of one month. Do this before increasing leverage and trading substantial funds.
Remember, day trading education is not something to take lightly. While many people learn correctly and make a living day trading, others make their living by selling faulty and outdated education products.
When choosing a day trading system, make sure to use the product as much as possible before paying for it. Do this by using free demonstrations, trial periods, and other forms of test drives. Trading is diﬃcult enough without trading platforms and software companies misleading you. If the education system doesn’t allow you to try before investing, it may not be worth your time!
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