Anybody successfully making a full time income from securites day trading?
ie, forex, CFD's, indices etc? If you are, can you shed some light on how to start and how much capital you started with?
Public Comments
- Day trading is a losing game. After factoring in trading costs and taxes it is very difficult to beat the market as a whole (like a passive S&P 500 index fund) How do you make a small fortune by day trading? You start with a large fortune and day trade. Invest, don't trade. Save yourself an expensive lesson. When you day trade you are competing AGAINST experienced professionals on Wall Street who do this every business day who have access to more information than a beginner.
- well, fx cfds are great and hedge funds use them to make millions.. but day trading? the answer above said it.. a losing game. i think sometime ago i came across a emperical studied that proved day-traders lose everything in the long-run. some of the best traders dont over-trade. they don't commit without any goal. investment is key. can potentially make lot of money from trading cfds from making 10 trades a year - holding them for sometime -provided u have the margin.. than from day-trading. the money u make today ull lose tomorrow.
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