Do you remember when you were probably five or six years old and learning to ride your bicycle without
training wheels for the first time?
I can remember being so excited to get those training wheels off and be able to tear around the block
like the big kids. But part of me was probably a little bit scared, after all we have all seen some
pretty major wipe outs.
In the end though for most of us Mom and Dad help us learn to ride the bike. They guide us as we take
off for the first time, and cheer lead us as we take off for the first time. It''s our first small step towards
freedom really - and it\'s made a lot easier because you have help from Mom and Dad.
In a way you could almost say you have some bike riding mentors and cheer leaders.
Well, trading used to be the same way. When I was in Vegas last week for the Traders Expo I
got to talking to Bob Iaccino about how he came up. Bob's been on the floor at the Chicago Mercantile
Exchange since 1992 and is a frequent quest on CNBC and other financial programs due to his success.
Well Bob told me that back then, before the advent of our Electronic Marketplace most people
becoming traders had easy access to very successful mentors. You usually started off as a clerk on
the floor, bringing in orders to the big brokers and traders, and if you had some hustle about you, usually
one of the successful traders would take an interest in you and start to show you the ropes.
Eventually you'd get into the pits yourself and trade 1 and 2 lots with an old pro showing you the ropes.
It really sounds like it was a great way to learn -and the overall rate of success was much higher then we
see now. It's easy to see why, who wouldn't want to learn from someone who had a proven track
record of making money in the markets week after week for a decade or more?
But things change, and now that trading apprentice type on the job training has, for the most part
been lost. Sure there is a ton of information on the web, a lot of people want to take your money
to teach you how to trade, but how in the heck are you supposed to know who's worth listening
too? For the most part you just can't tell, it's maddening!
Well, this Tuesday your going to have a chance to sit at the knee of an old pro because Bob
Iaccino has decided it's time for him to give back and pass on the knowledge that has been
shared with him.
Check out his complimentary "Over View Webinar ...
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