/biz/ - Business & Finance

Why doesn't /biz/ have investment guides so newfags can get rich or get broke trying? Should we start one in this thread?

I'm thinking about opening a prop trading floor in a few years once I save some money. Good idea or Bad idea ?

hey /biz/, I want to be an investment banker, what should I do? Please help me I really wanna go to wall street and work for a big bank

I'm the fucking Geezer Oil Trader and I'm here to tell you little shitbirds, with your fucking taper-fade haircuts and your tribal tattoos and your fucking little red string wrist bracelets and your man-bobs that the odds of you being successful with your MBAs and your so-called monikers of CFA and your fucking math degrees and your dumbass engineering skills can be determined by dividing the number 1 by the number of fucking screens in front of you.

OK, I could use some explanations.

I registered for a demo acount on Avatrade last week. I have no experience in trading, I just wanted to try and see how it works. I fiddled with their software for 2-3 hours buying and selling stuff (FOREX) and virtually made around $2.000 by investing around $8.000 (they give you around 135.000 virtual dollars to train but I only used $8.000). I know it can't be that easy because if I could make $2.000 every week by investing as little as $8.000, I'd quit my job right now but still... I'd like to know what happened.

Do they use some kind of fake "easy-mode" streams for demo account?
Are there enormous "hidden" fees or taxes that would reduce my $2.000 to near 0 (or even transform in into debt)?
Did I really make 2.000 virtual dollars I'd have now if I'd went for a real account using real money (beginner's luck I guess)?