Futures For You by Carley Garner
TECHNOLOGY AND TRADING
Technological advances seem to have improved the trading environment tremendously in recent years. What are your thoughts?
Unfortunately, an improved trading environment hasnít necessarily translated into more successful traders. Too many beginning traders fail to prepare for the challenges they will face before jumping into the speculative pool. Technological advances in the arena have created an environment in which it is all too easy for novice traders to fall victim to the idea that successful trading is as simple as buying the right software and subscribing to a datafeed.
Dramatic improvements in information flow and convenient charting tools have failed to improve the odds of success, however. Even after these trading environment improvements, roughly 70% to 80% of traders lose money in the markets; for those in their first year or two, the odds are probably much worse.