Trading Education: Information is Money

Buenos dias! I’ve been in Bogota for close to a month now. Walking around each day, it’s difficult to not see the difference between the “have’s” and the “have not’s”. A huge contrast to daily life in what is a beautiful city (and country).

High-end restaurants are full from Monday to Sunday with prosperous businessmen, doctors, lawyers and financiers. Yet the streets show the less fortunate (or less effective) infrequently selling sweets, fruits, low-quality goods, and recycling trash. It’s amazing to watch a city in motion. People from all circumstances striving to make a living with wildly differing results.

With a trader’s hat on, it’s clear to see there are patterns to success and prosperity if you have the luxury to zoom out and observe both information and results.

Travelling puts everything into perspective which is invaluable. Not simply from a business standpoint, but also to question how we live in general and how the world differs in desires, standards, and priorities. Its easy to see what's effective and what is not, especially when you're not "in the trenches".

That said, it got me thinking about the major importance of educating ourselves versus the consequenses of standing still. The continuous need to evolve, adapt and apply learnings to current market conditions.

This is true to be effective in every part of life, and one of the major pillars to successful trading or making money consistently.

Previously, we highlighted the value of the trading skillset, the importance of making a start, and today we’ll get moving on improving our knowledge and information which we are ultimately working at converting to dollars and pounds.

So that’s the theme of today’s post!

Random fun fact of the week: It's illegal to own just one guinea pig in Switzerland. It's considered animal abuse because they're social beings and get lonely.