Sunday, August 4, 2013

Hobby, Job Business, or failure?

Every so often believe it or not from my past posts, rants, complaints, and interests I have contemplated on trying to start up a business with trading.



I post this information on this informedtrades.com website because it honestly was one of my initial websites I used either as a trade confirmation, learning curve, or outlet to vent about trading whether I was right, wrong, or indifferent about my interests and posts.



Here is a rough draft idea of what I am thinking about trying to start-up in the United States:



Start up a Company name along the lines of the following:



Forex Post Traumatic Stress Disorder Trading Learner

Forex Post Stress Trading Learner

Forex Stress Trading Learner



Something along those key words as the company's name. Partially because I personally believe I have learned enough from my own misdeeds, wrong doings, and failure to accept my actions to be able to formulate enough plots, ideas, and understandings to get the majority of the bugs identified when people trade and trade horribly.



As people always say (or perhaps I just think), "You can never identify all the problems." Perhaps that statement is true, but what is to say that you can't help to identify where the majority of the bugs in trading come from?



I realize this perhaps could be where the coaching thought concept comes from a business perspective or socially acceptable helping one another out. And this perspective from my understanding requires one of three things, a paper degree, first hand experience for "x" years, or both paper degree and first hand experience. Yet even if someone has a paper degree it doesn't mean anything if there was no success recorded. If someone has experience but no exponential financial success confirmation it doesn't necessarily mean anything and even if there was exponential financial success it raises the question of why someone is so *generous* to offer their services for free, or even a minimum cost. If someone has a paper and first hand experience my own assumptions would calculate that the person with the most financial success offering services would be the ones attempting to create a massive amount of passive income so that the need to experience first hand becomes less than required making their experiences less than useful with outdated information provided to others.



But to create a business in this type of market with the appropriate resources required is a bit of a guessing game with the resources and requirements needed. Some people like Simit Patel produced a website partnered with separate individuals and websites to produce a passive to sustaining resource of income with managing his website while producing theoretically valid sources of information based upon past movements repeating and reading up on individual blogs, and posts identifying what he considers to be valid, interesting or other resourceful information to provide gratification to the poster and possible interest to other individuals who may attempt to post similar if not the same amount of information on the same website as long as it is non-copyrighted material. Kind of like a socialization point identified to other traders high-lighting some and keeping others where they desire to be *non-identified* but able to be identified when desired.



Simit Patel from time to time even has videos of interviews he has had with individuals who he considers of interest or worth to post for his followers.



There may be a small fraction of new traders who come to his website for which broker to use, or pay a small price for coaching and mentor connection information he even uses his own informed points currency traded on his site as an indication of his own interest in trading.



My key question for my interest though is this:



Why would individuals be willing or unwilling to spill the beans *hypothetically* speaking on all the time-frames and personal problems why they fail in trading and listen to individualistic explanations based off of reasons and probable reasons of how to identify the issue in each event before, after and during a trading transaction?



How much would this type of coaching cost to start-up and how would it be started up, and does it have to be in person or could it be over the phone, over the webcam or however? My personal answer would be best in person as my idea would have to be a personal body read of the posture provided. At worst I believe it could be over the phone listing several reasons, several possible explanations of studies provided either proven or unproven for individualistic answers to personal issues.



I do believe that a personal life-style of possible mental manipulation could be best explained as why individuals fail the most; either as a personal reason of blame, insult, or anger that is not identified until after a transaction has been initiated or attempted to take place.



But more information is always needed before just jumping to conclusions from a psychological study stand-point. As I believe any type of coaching especially with trading has to come from a personal psychological study analysis from past information provided and more information is explained and understood with possible assistance to delay or continue the process and how to go about the information recognized.



But everything I am saying for me is on hold to start up a business as long as I am in the military as I want to start up this business and am trying different outlets for assistance and information as everything is slowly being gathered together to figure out if it will be an actual business of just individual coaching, personal investment, or something not yet identified.



by waterscalming via InformedTrades

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