文档介绍：Chapter 1 The Journey Ahead
Zhengming Li
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The Differences
Investor
Investors come from all walks of life, all levels of education, all races, both sexes, and virtually every age group.
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Many individuals suspect that the “speculator” seeks to capitalize on the misfortunes of others, taking advantage of short-term imbalances in the equilibrium of the markets. In reality, it doesn’t fit.
Speculator
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The common misconception is that it takes skill and intelligence to invest, intuition and brawn to speculate, and greed to gamble. In fact, none of that is necessarily true.
Gambler
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Gambler
If what you have learned is not based in truth or reality, then you will be prone to make decisions that can have a significant impact on your career and financial future.
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COMPARISONS AND CONTRASTS
Gambling is what the public does
Speculating is what professionals do
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REALITIES & NECESSITIES OF RISK & REWARD
The greater the potential for profit, the greater
the possibility of loss.
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REALITIES & NECESSITIES OF RISK & REWARD
The ultimate intent and purpose of futures trading is to provide a marketplace where buyers and sellers can come together to either protect their existing assets, attempt to increase their profits.
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Keeping The Following Points in Mind
Futures trading is a solitary endeavor.
Futures trading is most difficult undertaking
Futures trading will be a challenge to anyone who attempts it.
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Keeping The Following Points in Mind
Trading commodities can be a gamble or it can be speculation. It all depends on how one approaches trading.
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