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 will mostly fall into complete gambling if you only see it as another rich-quick scheme. While gamblers have the greed for money, traders are more on passion and skills, and good strategies that will give them future profits. Although the end part is still to gain a living, but the process are different. And most likely, trading with skills and proven strategies will never go into waste and will always bring huge profits in the table.