Market myths

There’s a lot of information on the internet regarding how to trade successfully. Yet with all of this information, most people using it fail miserably. A few, though, have incredible success and come to like, comment, and share the videos that helped them succeed. Some might even think that the information works, but they just don’t know how to apply it. They too like, comment, and share, mostly because they like the speaker, not because the content actually works.

In this section, we’re going to take a closer look at some common market myths and recommendations newbies get from other people, mostly on social media. Next, I’m going to debunk those myths and help you get a critical way of looking at the market—a way that helps you discern random advice from true and tested information.

I will find a successful strategy on YouTube

Here’s a screenshot of what a simple search for a trading strategy shows on YouTube. This...