Question 3—The Three Great Divides
Answer 3 Selection “Relying on TV news vs. an advisory service” is incorrect.
A serious trader needs to specialize by choosing those areas of research and trading that appeal to him. Choosing between technical or fundamental analysis, trend or counter-trend trading, and discretionary or systematic trading are all serious choices. Your selections depend to a great degree on your temperament and personality. A successful trader is an independent person. Hooking yourself up to the feeding line of either TV news or an advisory service is really no choice at all, since there is so little difference between them.
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