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Old 07-30-2007, 03:12 AM
tymen1's Avatar
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I wonder if Bill Williams makes the most of his money out of the books he publishes and sells?

Regards, Tymen Wortel, Perth, Western Australia.
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Old 07-30-2007, 05:38 AM
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Hello. I doubt it - and - even if he does - and his indicators and systems work for me - then so be it.

Having said that - I used to wonder about these people that write books and courses etc. etc. - the question of course being that if they were making soooo much money trading then why bother to write the books or courses?

The answer(s) I think are quite simple:

First: People on this website (and many others) share ideas with each other every day of every week of every month (for nothing) - some are making money and are 'veteran' traders - some are not. The 'veteran' traders for the most part I would imagine really don't need to do this - but they do. Would I share my thoughts, experiences, trading ideas etc. etc. with everybody on this website if I had already made my 'trillion dollars' - definitely a 'yes'!

Second: I remember reading on one or two occasions where somebody (I forget who) was asked pretty much the same question i.e. why spend an hour or two (or whatever it was) giving a lecture or training course (or whatever it was) over weekend (I do remember it was a Saturday) if you are making so much money out of trading? The answer basically was that he was getting paid $10 000 for his time. In my book - even if I had the 'trillion dollars' - $10 000 for two hours work is a lot of $$$ - and - I suppose - if you really enjoy what you are doing - you enjoy talking about it.

Third: I would imagine that writing a few best sellers and letting sales then take care of themselves is a lot less stressful than trading.

Fourth: Bill Williams' books aside - remember that he developed some of the 'defacto standard' indicators that eveyone has used from time to time more than once.

(This man had better start paying me commission)!!!

Regards,

Dale.
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Old 07-30-2007, 03:57 PM
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EUR/GBP seems to be behaving nicely.

Regards,

Dale.
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