It's very tempting, and it sounds great - to be able to electronically trade and make money every day trading from home or office!
But the truth about how electronic online stock market trading is sold to the public is an ugly story. No one you talk to about this will admit it!
No surprise there!
Brokerage firms decided to set up marketing companies that would offer the ability to set up offices and make money by advertising that you can now trade from their offices in your community and they would make a small fee every time you execute a trade.
Most of the people that would operate offices know absolutely nothing about online stock market trading and even less about economics. They would hire some guy to teach the aspiring traders how to use the stock market electronic online trading system. The person teaching in most cases never even traded before in his life, or had no previous experience in stock trading and probably never even set foot in a real trading department of a brokerage firm.
The result is a disastrous combination of the inexperienced, incompetent managers and teachers instructing inexperienced aspiring traders!
The truth of the matter is that most people are not successful trading in this environment. Not because online stock market trading "doesn"t work," but because they're not taught how to do it properly!
The people that are operating these offices expected it to be as simple as running a coffee shop.
They thought that all they had to do was open an office and people would beat down their door to get in. They didn't realize that if people lost money they would quit trading.
Remember, when you buy or sell, somebody is on the other side of the trade ...
Do you really think that you know more than this other person?
