is it actually possible to make a living as a day trader with limited start up funds?
my brother has this idea that hes going to learn how to do it then go live in some shitty third world country on the cheap and save tons of money. is that even possible? why would non residents be allowed to play/influence our economy?
your brother is a fucking idiot who's going to lose all his money to wall street jews and die of a mosquito borne illness in some pajeet shithole
Earning a living day trading is like trying to earn a living at a casino
he thinks he could learn forex and make it work. i dont think it could happen im just wondering is it even legal to do while outside of the country?
why do people never read about failure ?you are like 15 arent you?
Faggotry.
1. pros having more information doesn't mean you still can't make money. That's the dumbest fucking idea I've ever heard. investing isn't about "playing against other people" it's about making the right bets - infinite people can bet on the same thing and win
2. no shit it's not the best thing to do but this is clickbait
3. idk
Yeah you can say that, but this is not the only article about this. I mean shit biggest banks make more money on car leasing than trading, but im sure you know better man.
bloomberg.com
you retards can't make 100 dollars a day? yeah you can be a day trader lower your standards fucking retarded losers
its possible, but you need at least 100k imo.. Have a good spread and diversify.. avoid dangerous-level margin trading unless you are 100% confident. you should do fine, if you have some sort of market accumen
Shit in se asia you could survive off 20$ a day. It cant be that hard with maybe 50k. How hard could it be to go up a quarter of a point minimum per day
no. only US residents are allowed to trade foreign currency
>How hard could it be to go up a quarter of a point minimum per day
a lot harder than it is to go down more than that in a day
Kek
I live in Thailand on $30/day.
I do freelance programming work (avg. $500/week) and day/swing trade for extra cash. The arbitrage is nice.
This is a pretty common concept called geoarbitrage - previoustaxpayer.com
it's possible, it just takes thousands of hours of practice first.
tell him to start "paper trading" today and after 20 months of daily practice trades he'll be ready to start.
its possible, but its very hard. most of the people you hear about that are successful daytraders already worked for years trading at banks/hedge funds etc. before they started on their own. they already knew what they were doing when they started. the idea of someone with no knowledge/professional training starting out fresh and ending up making lots of money its just a pipedream with a few exceptions.
Here is a good rule of thumb: anyone that tells you they make money day trading or through arbitrage or any other of these meme "stock" methodologies is a guaranteed fucking moron and you should immediately discredit everything they ever say from that moment on.
This
Paper trade for months (dont forget to take fees into account) use your math and compare the amount of risk and the quantity of cash to be at stake to make a living, then (pardon my french) reconsider your life choices.
Possible? Absolutely, go right ahead. In fact, you should probably invest all the money you can to maximize your gains. Look in drawers, cupboards, your parents safe. But better not tell them first, they'll be so much more proud if they find out after you've doubled your money.
> anyone that tells you they make money day trading or through arbitrage
you do realize arbitrage strategies(stat arb, merger arb, conv. arb etc) are very common among banks, funds etc so youre basically saying all of those firms are losers, even though they have audited data going back years? you sound like an idiot.
Does anyone know where the fox bro archived thread is? He was giving out selling advice but I can't find it! Looked on Google but found nothing. Can someone help?!
What do you program in?
Also what have you made in the past?
Also what are your limitations?
no. you don't drive F1 in a honda civic.
>my brothers dream is to become pajeet
lmao
You need at least $10k of fluid cash a day to trade. Even if you make $1k on your first day selling, that money won't be free for days. So you need some good fluid cash to have a decent life day trading, with the ups and downs.
>ng more information doesn't mean you still can't make money. That's the dumbest fucking idea I've ever heard. investing isn't about "playing against other people" it's about making the right bets - infinite people can bet on the same thing and win
ok you clearly don't understand that when you buy a stock someone is on the other side of that transaction selling that stock or currency pair. so no, infinite people can't bet on something and win.
You fuck any ladyboys?
How did you get in to freelancing?
>is that even possible?
no
Eurofag here, sure, it's a good plan. I myself plan on moving either to Poland or Ireland (probably just fucking Poland) because their monthly wage is so low that I could probably live off of trading easily enough.
By the way, the term "daytrader" is outdated, discriminatory and may actually physically harm one as Sir recoils from the mere thought of having to hold a "normal" job. You should refer to Money as "monetary entrepreneurs", additionally please use the pronouns Sir/Madame/Money (He/She/They).
Of course you're allowed to trade from anywhere you like.
>US citizen
Pwhahaha. Nobody wants you guys. It's not worth dealing with US financial regulation and basically letting the (((American))) authorities into your records just for a few customers.
