Uninformed traders on average lose money. Informed traders on average make money. Time period is irrelevant.
Small world. I flew into Stavanger ~30 years ago on my way to Stord to stay with a friend. I never hit up any bars back then so don't know how the prices changed. This was back before the Euro of course, and each country's fiat had more value for local products, I reckon'.
If you believe day trading will not lead to multimillionairedom, then it will definitely not happen. If you believe day trading (or being a lawyer/surgeon/scientist/banker/accountant ...) will lead to multimillionairedom, then your dream might come true.
https://en.wikipedia.org/wiki/Norwegian_krone Super chill country. I was excited to go through customs, as I only had one page left in my passport (this was around 2012). Sad to say, but there were no customs officials. I passed through duty free, and entered the country, no stamp, no baggage check, zero. I went pretty crazy during that time, to the point that when entering the USA, the customs official looked at all the stamps on my passport, and asked whether I was a commercial pilot! Another one asked what I did for a living, and I said I was retired. He answered, "you are way too young to be retired, that's not possible". Loved every minute of it. If he only knew...
Day trading is easy. Just watch the fake videos on YouTube, join a huckster' trading room and read wallstreetbets.
I have to admit, this is one of my favorites (second prize goes to Ricky Gutierrez, but the list is truly ENDLESS), from these new breed of sociopathic fraudsters. These people need to be punched in the face... Coffeezilla has done an outstanding job in exposing these marketing experts/con artists: Ricky Gutierrez could be hanging out with models/movie stars, BASE Jumping, while drinking $20 beers in Norway. Why is he not doing that??? Why sell a course when he is a multimillionaire? Because he is a SCAM...
and this is my favorite entertainment video ; fantastic 100% forex trading accuracy strategy reviewed !
it depends how one's wired (psychological makeup and background would also affect how one thinks of money). that d determine what type of trader he becomes. some are comfortable for holding stocks for a long time while others like to hold stocks for a short time frame. it's not a cookie cutter approach. participation of different types of traders introduce inefficiency in the markets.