Читать книгу Taming the Lion - Richard Farleigh - Страница 22

The power of the financial markets should be daunting, but many people are not deterred.

I have friends in Monaco who are amateur currency traders. They don’t have the same experience, resources, or the skill, of a George Soros. Nor do they follow the disciplined approach to trading that is recommended in this book. It’s completely crazy that they think they can win. Why do people underestimate the difficulty of making money in the financial markets? I believe there are two main reasons.

The first, which I will discuss here, is the experts in the media. The second is the widely held belief that many professionals are regularly able to beat the market. This I will discuss in the following Strategy. I won’t dwell on a possible third reason, which is that some people like to trade the market because they are gamblers. That usually ends with disastrous results.