Friday, August 15, 2008

Surprise! The Futures Markets Aren't Picture Perfect!

After spending obscene amounts of money for various trading schemes, coaching, videos, books, etc., I learned that all those various trading programs don't truly match what's happening in the futures markets. How can that be? After all, they demonstrate their systems with screen captures, examples, etc. They explain just how to execute the programs, and they give specific examples when their systems worked. Often, they even give examples of profits made on trades (although they are usually just paper profits, not real ones).

Here's a revelation:
That's because they only choose examples for their products that are picture perfect! Would you expect them to choose pictures and examples of when their product or systems failed? That doesn't meet marketing objectives very well! But traders keep being suckers for these myriad systems that really don't work.

Most of the time, the financial markets, and futures in particular, aren't picture perfect. This is one reason why, after purchasing their expensive programs, most people consistently lose money. The futures markets don't really look like the picture perfect examples they provide. Those videos, books, tapes, coaching, etc. don't show an accurate picture of the futures markets because instead, they show a very selective picture of the futures markets. They are incomplete. They don't ever show the 99% of the time that the futures markets don't match their picture perfect examples.

Hence, people find, after spending hundreds or even thousands of dollars to buy overpriced trading systems with the expectation of easy money and big profits, that their own "commodity bubbles" are burst with the reality that the futures markets are very different from the picture perfect examples they were sold. They find out that, in reality, they were sold a "bill of goods".

There are more people making money from traders than from trading. It's a harsh reality, but it's the reality!