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.
If your brother is fully convinced that trading will definitely sustain his daily needs, then maybe he has seen a lot of traders with huge success or he believes in himself that trading will bring a lot of profits in his life. You should support him instead, than discouraging him all the time because you think trading is not worth doing. Yes, trading will always bring losses for traders as its always inevitable, but for those who have developed their skills and proven strategies in trading, its certain that they will be taking advantage on the marke.