Edside

Sep 6, 2024

[The truth about trading nobody tells you] Trading is a get-rich-slow scheme. You’re probably wondering: “But Rayner, I’ve heard of traders trading a small account and turning it into 7-figures.” Now, that could be possible but the odds of you pulling it off are slim to none. Here’s why… The only way for you to make a huge sum of money quickly is to take a huge risk on your trades. If you get lucky, you could generate 6 or 7-figures on your account. But here’s the deal: 99.99% of traders who attempt it will blow up their accounts. Only a lucky few could get away with it (and it’s nothing to do with skill, but luck). But hey, don’t take my word for it. Here’s what Warren Buffet has to say about his wealth… “My wealth has come from a combination of living in America, some lucky genes and compound interest.” – Warren Buffet The keyword here is compound interest. In other words, Warren Buffet became the richest investor in the world by being the best at what he does and, compounding his returns. This is not achieved over a few weeks or months—rather, it’s compounded over 50+ years. So, if you’re looking at trading as a get-rich-quick scheme, then guess what? You are the scheme. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” – Albert Einstein