100 % agreed. I have no issue to use a small portion (<0.1%) of your account to day trade as hobby and know the money will gone eventually. The remaining 99.9% of the account should stay in investment. The problem is for those that have big account (> $1 million) will not day trade as they are smart enough to know day trade is a scam (or else they will not have the big account). None of the day trading strategy are able to overcome the commission and slippage in long term. The main problem is those with small account (e.g. 10K) though they can build a million dollar account by day trading. Unfortunately most of those uninformed amateurs (this is why they only have 10K account) are always the group that been preyed by bucket shops, fake guru selling useless course or signals, trading website, unmoral brokers, fake traders that pretend to be expert that ONLY trade other people money with ridiculous % of profit sharing (Simple trick : using high risk low reward strategy such as trades without stop or martingale that win small & often but loss big in one go, the purpose is to pocket as much fee/profit sharing as possible in short term before the account blow up) and etc.
you are so ignorant it's laughable daytrading is doable; it just happens that 90% of people that daytrade are ignorant assholes like you that shouldn't be doing it in the first place
Good to know you are making money in day trading. I hope you make this claim from your heart and you make your living in day trading.
The brokers make money and these $3 an hour posters are employed by brokers , to go on forums to ramp up day trading .It means churning commisions for day traders and being highly profitable day traders and getting rich. The brokers need these day traders , so they can even pay them additional $3 an hour , hoping some unsuspecting new trader will start trading , after reading his posts , or day trading and make broker wealthy. https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=wanted forex forum poster I need forum poster right now I paid $10 for 300 posts. PM if interested and send you the job detail No knowledge on Forex is must. Because you can learn Forex while you working for this job. So, just learn and earn. In this particular job you need to be interested to learn Forex or already having some knowledge on Forex. If you're ready to learn Forex then you can easily do this job. Broker will pay you 1$ per 50 posts. 1 post = 2 lines of sentences= 25 to 30 words All the posts can be, 1. asking questions about Forex. 2. Sharing your own idea 3. Sharing your opinion 4. Commenting others (Just read one or two posts in each thread, then you will get some idea on how to post.) Your each post, 5. Must be in 2 lines. 6. Must be relevant to thread topic. No limit on number of posts you can do. But I expect minimum 10 posts per day and at least 15 days per month. Broker pay you on monthly basis.
i don't trade forex, crude oil/gold/bonds/ES futures are good for daytrading when there is volatility
the secret is out. if there were no "ignorant assholes" around you couldn't make a living. you should have silenced yourself,
Sorry .I thought you are one these guys promoting forex day trading . Day trading is hard , but not impossible .The disadvantage I see is :sometimes market does not do what you expect , on the day you expect and at the time you expect.This is fact and experience . If you hold the position for overnight , you benefit from overnight gap profits .These can be taken during the day and the trades can also be opened during the day , but not the same day. If I trade swing for two to 5 days on stock indices , I can make a good living trading dax on multiple strategies.The odds are against me , for the profit to happen , in the day time on the same day .
The most important thing is to make sure the “master” is actually a MASTER and that you can actually replicate what he does (good trading like fine art is systematic and a collection of techniques) and after you learn what he does then you must learn WHY he does it. Too many of these guys out there are educators and not traders. You learn to swim by jumping in the water, or being pushed. If you don’t drown you will swim. Really sick of these “educators” that can’t trade, and are just here to plug themselves without any evidence that they are even a real human, let alone a trader. Point is – if I’m following BAD information, MISINFORMATION, and people who don’t know what they’re talking about then it seriously hurts me! Instead of filling my mental reserves of good information I’m learning garbage and to add insult to injury…. Paying for it. That’s the real scam, not the money lost. Can you please post some verified results?