Patch,
A trader is most certainly not a businessman. If you read Robert Kiyosakis' Cashflow Quadrant, you will see that there are only 4 ways to make money
1. Employee (work for someone else)
2. Self Employed (work for ones self)
3. Own a Business (other people work for you)
4. Investor (money works for you)
1|3
---
2|4
Each Quadrant thinks differently, often contrarily to the other side and opposite quadrant.
Its a very good read, btw, and it follows his primer Rich Dad, Poor Dad.
Cheers
G
"Price movement is the key"
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- bredin
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Trader can be either Self-Employed, or Investor.
By Kiyosaki's definition, discretionary traders would most likely be classified as self-employed.
Traders with EAs / A whole hedge fund working for them would probably be considered investors.
It's a good read, but don't lose sight of the lesson being taught.
By Kiyosaki's definition, discretionary traders would most likely be classified as self-employed.
Traders with EAs / A whole hedge fund working for them would probably be considered investors.
It's a good read, but don't lose sight of the lesson being taught.
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- bredin
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Ronald Raygun wrote:Trader can be either Self-Employed, or Investor.
By Kiyosaki's definition, discretionary traders would most likely be classified as self-employed.
Traders with EAs / A whole hedge fund working for them would probably be considered investors.
It's a good read, but don't lose sight of the lesson being taught.
By Kiyosaki, a trader is Self Employed, since if the trader doesnt work (trade) he doesnt get paid.
Cheers
G
Welcome to the era of "Guns and Maskies" Trading!
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Ronald Raygun wrote:After realizing that there were no new trading systems to experiment with, I finally decided to make a few posts here. It's nice to be an official member of Kreslik after almost a year of lurking.
You know pirates are not welcome on FF, right?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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Welcome Ronald if you're into EAs hook up with newschool.
http://kreslik.com/forums/viewtopic.php?t=2216&start=0
http://kreslik.com/forums/viewtopic.php?t=2216&start=0
Last edited by tmanbone on Sun Feb 21, 2010 4:31 am, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"
T
T
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TRO
What does"FF" stand for?
Is it Forex Frauds?
Ronald Raygun
What is your handle over at Forex Frauds? I would like to take a look at your EAs.
Thanks,
Patch
In VA
What does"FF" stand for?
Is it Forex Frauds?
Ronald Raygun
What is your handle over at Forex Frauds? I would like to take a look at your EAs.
Thanks,
Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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