At Last .. A Trading Veteran Reveals The Truth About Technical Analysis Of Stocks Vs. Fundamental Analysis

ng we do in society prepares us to functionof controlling your surroundings so that they fit your
effectively in the commodity markets and anidea of the way things should be, you can learn to
environment with no real boundaries. But, most of uscontrol yourself. Then you can view information
are brought up to function well in society, so we`veobjectively, and choose to behave in a manner that
acquired strategies for fulfilling our needs and desiresis in your own best interests. You do this by creating
that are geared toward social interaction andrules to trade by, and following them.
acceptance. We don`t just take what we want, weNearly everyone agrees that you need to have rules
take other people into consideration, too. Not onlyto be successful in trading, but most traders have no
have we learned to depend on each other to fulfillintention of following any. Most people who are
our needs and desires, but in the process we`veinterested in trading resist the idea of creating a set
acquired many socially based techniques for assuringof rules. The resistance may be subtle, but it`s still
that other people behave in a manner that isthere.
consistent with what we want.Often this is a response to how we acquired our first
The commodity markets may seem like a socialset of societal rules. Our parents, relatives, teachers,
endeavour because there are so many peopleor friends gave most of the guidelines we live by to
involved, but they`re not. While we may have learnedus when we were children. These guidelines were
to depend on each other to fulfill basic needs, thetaught to us, we did not create them, an important
market environment is different: it`s every person fordistinction. During this time, many of our natural
themselves.impulses to move, express, and learn about the
Not only can you not depend on the market to donature of our existence through our own direct
anything for you, but it`s extremely difficult toexperiences, were stifled. Some of these impulses
manipulate or control anything that the market does.were never reconciled, and can still exist inside of us
If you`ve become effective in your personal lives atas frustration, or disappointment. The accumulation of
fulfilling your needs and desires by learning how tothese types of feelings can cause a person to resist
control your environment, but are existing as a traderanything that keeps them from doing whatever they
in an environment that does not know, care, orwant, whenever they want to.
respond to anything that is important to you, whatThe very reason most people are attracted to
do you do? You take control.trading, the unlimited freedom of choice and decision
One of the principal reasons so many successfulmaking inherent in trading, is the same reason they
people have failed at trading, is that part of theirfeel a natural resistance to rules and boundaries. The
success, outside the market, is due to their ability toneed for rules may make perfect sense, but it`s
control their social environment. To some degree,difficult to generate any enthusiasm for these rules
everyone has developed techniques to make theirwhen you`ve been trying to break free of them
external environment meet their needs and desires.most of your life. It usually takes a great deal of
The problem is that none of those techniques workeffort to break down a traders resistance to
with the commodity markets. The commodityestablishing and abiding by a trading regime that is
markets don`t respond to control and manipulation,organized, consistent, and reflects prudent money
unless you`re a very large trader.management guidelines. But, once they do, the
However, you can control the way you deal withpossibilities for attaining consistent trading success are
market information and your own behaviour. Insteadlimitless.