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/biz/ - Business & Finance


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11929563 No.11929563 [Reply] [Original]

Lets say after you get the learning beginner stuff down and are a fairly profitable trader?

>> No.11929588

>>11929563
None, you are going to over-leverage and lose it all.

>> No.11929621

>>11929588
this

nobody ever got rich from daytrading

>> No.11929641

>>11929621
you can, you just have to gamble and be like 3 in 8 billion people in the world to do it

for real though, you can make like 10% per year if you're really good

>> No.11929654
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11929654

>>11929621
>nobody ever got rich from daytrading

>> No.11929658

>>11929621
Bullshit

>> No.11929660
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11929660

>>11929563
If she can do it why can't you?

>> No.11929696

>>11929588
>>11929621
>>11929641

What this guys are trying to tell you, its that its mathematicaly impossible to make money on forex due to leverage.

You can only make money on cryptos/pennystocks if daytrading, on cryptos you have another risk besides lossing.

You can try options (64% overall lossrate) but you will need a fucktone of knowlege.

And no, this is not an easy job, i work all day looking charts and only trade 1 or 2 a day, the gambler inside you is allways trying to fuck you out.

At the end of the day you whish you were a wagie.

>> No.11929735

This is obviously not an easy job at all and I know those with a "get rick quick" mentality are the first to wash out.

>> No.11930211

>>11929563
If you're a top trader at Goldman, you'll probably make 80% in a good year. Although your average will be closer to 20% per year and you'll probably burn out very quickly.

Remember, you're competing against other top banks. Of course, it's easier to make higher returns on less money, so its definitely possible to make >30% a year on <$10M.

>> No.11930229

>>11929696

would it be a good job for someone who has mild OCD? I love incremental games

>> No.11930260
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11930260

>>11929563
10% a month if you are really really REALLY good

>> No.11930837

>people thinking 10% per month means 10% ROI on your capital

You leverage for a reason, 10x leverage on 10% is 100% ROI. Now the question is, can you do 10% per month or so?

>> No.11931270

>>11929563
>beginner stuff
there are literal professionals with phd working for banks that still lose in forex

>> No.11931285

>>11929563
Beats me.
I've only traded futures and equities for the last ten years.

>> No.11931296

>>11931270
of course there are also professionals with PhDs that unironically believe in global warming

>> No.11931319
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11931319

>>11931296