We're happy that you decided to learn more about your investments. Let's get right to the point - why will learning more make you richer in the long run.
First of all, since you are reading this, it means that you want to improve your financial situation. In order to improve your financial situation, you need to make wise decisions regarding your capital. You can get all the "hot tips" and unbacked-by-analysis buy signals (a.k.a. "black box systems") in the world, but it is ultimately you that has to pull the final string and push the buy or sell button. If you don't do it, then these "hot tips" and un-clear buy signals are meaningless. After all, how much can you profit on a transaction that you never make? Nothing.
While confidence in your decisions will not make you rich by itself, without it, you will not make money in the long run.
If you choose not to learn anything about investments and simply copy someone else's trades, are you sure that you will stick to the same investment guidelines as they do? Be realistic - not likely. It's very unlikely that your risk preferences are identical with the one of the person whose trades you follow. This should concern you, because this means that at some point you will most likely decide to close a trade when the market turns against you (exiting too early - likely close to a local bottom) or decide to wait just a little longer to gain a few extra pennies (exiting too late - after the top is put). It will not work incorrectly each and every time, but the problem is that you will choose not to follow a given strategy most likely when the emotional factor takes control, which will be precisely the moment when you should have stayed with the strategy.
Even if you will not get "too emotional" in case of 80% of trades, it will be the remaining 20% that will cause the biggest losses. Theoretically, there is no problem - you simply follow someone else's calls and that's it. Practically, when things get really ugly, you will question the competence of the one that you've been following and you will go the other way. That's natural and understandable reaction - you care about your money and you don't want to lose it because of somebody's mistakes. But when gold and silver are soaring like there's no tomorrow or they are plunging like there's no bottom, are you sure you can objectively (cold logic only) examine efficiency of a given analyst / technique / approach / tool? Not really. That's simply the way emotions work. They are very useful in many areas of life but they are not really helpful when it comes to cold judgement and investments.
Summing up, without confidence in an investment strategy, you will likely stop following it when market moves against you and you lose some money. This will likely take place regardless of it being good or bad strategy. If it was a bad strategy in the first place - then it's about time that you stopped following it. However, if you were correct in the first place and you were simply scared away by market's performance, then you will lose not only some capital, but also a profitable way of regaining this very capital and making more of it.
Fortunately, there's a way to immunize yourself to the "scare away" factor and increase your confidence. Education.
If you know how a particular strategy works and you consciously agree to follow it, you will not be shaken off the bull when markets temporary decline (if you were long), and you will be positioned to reap big profits once the situation improves.
Consequently, at the end of the day, the more you know about your investments, the more you are likely to earn because you will be less likely to make emotional decisions about your investments and thus less likely to sell/buy precisely at the wrong moments.
As far as this website and our services are concerned, we leave the final choice to you and we will respect your decision. While we encourage you to get to know the whole story behind each technique and tool that we use, it is our goal to make everything as easy-to-use as possible, so that you can use it right away - for instance short "Summary" section at the end of each update and interactive videos in addition to detailed reports. After all, at times you will not have time to read the whole analysis and it's understandable that you'd want only a quick summary.
Still, please keep in mind that you must be confident in what you do, so that you are sure that you will stay on top of the situation, no matter how emotional the situation might get. This can be done only when you believe in what you are doing. We will tell you our opinion on a particular topic, but in order to successfully implement this or another decision, you will need to be convinced that what you do is right. That's why we really encourage you to take some time and explore what we have to offer. The most convenient way would be to start with videos dedicated to gold investment tools and gold & silver charts and refer to the Dictionary section if something is not clear. As you will see, it's not the same type of dictionary that you're used to - in fact, you might want to read some of the descriptions just for fun. Don't feel bad about spending some time with this section, even if it makes you concerned that it doesn't feel "painful and boring". Remember - education is profitable, even if it's fun!
Back
