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Trading as a living

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Comments

  • diable
    diable Posts: 5,258 Forumite
    Why do you doubt us ordinary people could make a living from trading?

    Are traders superior to 'us ordinary people'?

    Do they all belong to MENSA?

    Could traders beat the Eggheads?

    Do traders have access to information us ordinary people don't?

    Or do they 'gamble' with other peoples money so it doesn't really matter to them!

    Be intrested in your reasons.

    fj

    It takes investment and you need to be able to afford to lose your money and most people can't afford that unless you have a decent credit line.
  • blinko
    blinko Posts: 2,523 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    i think naked trader is excellent, especially as a momentum trader he has reallyhit the nail on the head, and his methods arent based on teams of analysts behind him he seems like a good guy and im pretty sure he is self taught

    its much more rewarding and enjoying performing on the markets, and of course much harder to make money than it is to lose money but you can either work a day job and earn 20k pa or simply and after 10 years you might have 200k

    or play around on the markets with 10k and hope to double it each year being adventerous here 10,20,40,80,160 as you can see after 5 years.... and if we are in an ISA thats tax free too

    its never ment to be easy but its certainly enjoyable good luck all

    bobby are you a day trader ;-0
  • purch
    purch Posts: 9,865 Forumite
    Are traders superior to 'us ordinary people'?

    No.
    Do traders have access to information us ordinary people don't?

    Yes.

    That is the only 'difference'.

    Information.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • blinko
    blinko Posts: 2,523 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    does anyone know where i can get access to breakout lists eg 52 week 12 week etc
  • blinko
    blinko Posts: 2,523 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    top man bobby, hows XEL treating you, almost crunch time on bently hey :)
  • XEL loooooking good.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    purch wrote: »
    No.



    Yes.

    That is the only 'difference'.

    Information.
    So what is this extra information dealers have - where can ordinary people get this info - os are we talking about insider dealing?

    cheers

    fj
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    purch wrote: »
    First thing to remember, is that there is no house.

    Therefore the house cannot win ever !!!

    Market makers take the spread.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    So what is this extra information dealers have - where can ordinary people get this info - os are we talking about insider dealing?

    cheers

    fj

    Subscribe to news wires. Without them you'll always be behind the market.
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