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.
Dont discourage but instead you should really tell him about the cons and pros of this market which it would really make him at least aware on the possible things that he might encounter ahead and wont really be ending
up on becoming too reactive or impulsive since he's already aware on possible things that he might encounter.Learning trading wont really be that easy and wont really be just involving a short span of time which means
that you could really make yourself effective into this market but that wont really be simple as it sounds.Trading is worth it if you could able to make yourself sustain and just like on what others been saying that this isnt for everyone which even if you do see that other people are making profits but you dont know on how long they've been dealing off with this market before they could able to handle it out.