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Hi guys, hi from Andrea Unger.
Well, we are in this difficult situation, we have already discussed that, but today I just want to give you a brief message because I saw some advertisement or some messages coming from the traders' community with some people trying to sell you a concept.
This concept is delivered in different steps.
The first step is: "Now you are compelled to stay at home, because you are not allowed to go out, because of the virus, so grab the opportunity and study more about trading", which is a positive message, because if you really have time because you are compelled to stay at home and you have nothing else to do, really nothing else to do, you have more time to dedicate to your hobbies and if studying trading is something you like, well, perfect.
You have really time to do so, and this is fine.
But the second step of this message sometimes is: "If you studied trading before or if you study trading, if you did it before, now you have the possibility to have a second source of income because maybe your job is now jeopardized by the virus".
Let's imagine you run a restaurant or a theatre or a cinema or something where you are compelled to stay close now, because there is no allowance to run this business, obviously you have some losses of income.
So the message is: "You are losing income there, but you could have had income from trading or now you can build a future income from trading".
This is extremely misleading because I've told more than ones that imagining trading as a second income, a parallel income, is not exactly the case and you can see other videos in the channel about this.
The next message, the worst of all, is: "You have time to trade, go and trade!"
Or: "Now you can dedicate to trading, I can give you the right advice, so let's trade!"
This is obviously the most dangerous advice of all, because of two reasons: the first is that trading is not something you can put together from today to tomorrow, it takes time, it takes a lot of time.
You can trade of course but this is imaginary trading as if it was only profitable trading, this is the point, you can trade and you will lose.
The second reason, even more important, by trading now, at this moment where there is this level of volatility, is absolutely crazy if you don't have the necessary knowledge to do so.
What is best to do in such a situation?
Believe me, it's very difficult!
It looks easy if you look at what happened, but you never know what is happening, what is going to happen.
So when I hear people saying: "There are many opportunities, if I had opened a short position on the index future, if I, if I did, if I...".
This is the past, the volatility is so high that when you are in the market you are really driven crazy by the moves.
So believe me, it's safe if you don't have the necessary knowledge, education, and skills, to stay flat, just keep away.
It is the right occasion to study, for sure, you can also do more about them automated trading path I offer, you can do it signing to the 3 webinars that you can find in the link here below, but this is an offer to study, to build something that is useful in any case.
Because studying is always useful, it's useful for the future, for the time that will come, it's useful to build your own knowledge, but I will never tell you "go and trade, because trading is the solution to the problem" no!
This is not and I have always told you this.
In other videos you will find the same message, trading is dangerous, trading is something that needs education, needs a proper plan and needs a proper study.
Only when you are skilled enough, you can imagine to go and enjoy it.
It takes time to build a profitable way of trading, it's not something you can build from today to tomorrow, it is not something you should even imagine to do when things go crazy like they are going now in these days.
So guys, be careful, be careful because if somebody is inviting you to trade today, he is probably not doing the right thing for you.
You can study, studying is good, if you don't have anything else to do, but don't think that trading will solve your problems, your financial problems today, because it will probably increase them if done not properly and to do it properly takes time.
I mean, I'm repeating the same things over and over again.
Time, you need to take this time, it's dangerous, be careful, you need education, this is all true anyway.
If you jump into the game today, you are really risking to damage your financial situation, because you can lose a lot of money because things are really crazy and especially if you do it not having the necessary education, it is even more dangerous.
Believe me, I do automated trading, automated trading is something you can do while things are also normal, especially when things are normal.
You can do it while you are running your personal business, so it's something that can work on a parallel way because it's automated, you don't need to jump into the arena when things are crazy like they are now.
So believe me!
Study, prepare yourself, take your time, if you have time, if you are compelled to have time to study that's fine, but keep safe and don't jump into live money trading, because it's dangerous especially now that things are crazy.
That's it guys, it was a short question that I have even kept too long, but be really careful because it's dangerous, it's about your money, it's about your savings don't throw them out of the window now.
Ciao from Andrea Unger.
Need More Help? Book Your FREE Strategy Session With Our Team Today!
We’ll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.BOOK YOUR FREE STRATEGY SESSION NOW >>
Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.
I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems.
In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.
Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.
Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.