Can I have a precise and constructive answer on whether trading is really worth spending time on? My brother wants to do this job for a living, and I'm just curious if it's a dignified, worth-spending occupation. I don't know where to ask, I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.
I've used to read experts' discussions, papers, books and the like, but I find no such stuff on trading. It's a very vague term anyway. Are there really people who just "buy low and sell high", making a living by just doing that? I can't comprehend how can a person seriously make a living by something that looks complete gambling, instead of providing goods, services, work etc.
Trading can be very risky since you can lose all your funds with just a single wrong move. However, if you have the skills in making good market analysis and you know the right time to buy and sell, trading will always be profitable on your part. In fact, a lot of millionaires were made from trading, but always know that they have lose a huge amount first before they end up making a fortune. Everyone started from a scratch, but as long as they are motivated to learn and have great passion in trading, there’s less chances that they will fail in trading.