I dont think its fair to call trading hard, the hardest part is the learning curve which you have with anything worth while. While its not a get rich quick scheme it is a way to make money, but I really have to disagree about how hard it is. The only reason its so hard for most people isnt because of the skill it requires, its because of the disclipline it requires. I’m not discliplined, I was spoiled as a child, I am spoiled as an adult. The only reason I have as much disclipline as I do is because there isnt much I was given, without atleast putting forth a substantial ammount of effort. If you have to ask how I can be spoiled but have to get my own things – theres alot more to life then toys, money, etc, etc…
The hardest part for me is patience, realising I cant trade the system I spent $800 on, but I can (ironically) trade a similar system that I came across sorta for free (When I started I dont think babypips was around, I was at a roadblock with information and so I bought this system etc etc, I learned ALOT from the system, I didnt understand some of it (money managment, some terms, etc)
Now here I am about 3 years later, I’ve never given up on forex, I have gotten busy for prolonged periods of time, but never left forex. Early last year I decided by the end of this year I will open an account. That means having a system that I can work (been through a few) having the mentality to be able to do it, having money to put into it, etc etc. I did it, if only because its one more goal on to a bigger goal – Living like I used to live when I was paid an obnoxious ammount of money at 15-19 years of age. Like I said I was spoiled, I was making 3 times what I make now, had no bills, no stress… I actually looked forward to going to work!
Now I look forward to going to work in the one horse town I moved to for one reason. I dont like my job. My job every day gives me motivation to study. Every day, I read, Every day I look at charts, Every day I question what I know, what I need to know, and what I may not even know about!
But hard? no, Time consuming, well I get a little wrapped up in things alot so its not uncommon for me, I studied a month straight to go from no ham license to tech to general to 1/4 - 1/2 to extra. If you did need me for somthing it was breif, or I had a book with me (With the exception of work, I had to hide the book )
Just my 02, There will ALWAYS be people who are truley ignorant, and there will always be hopfull people who are smart enough to question things. My friends dad just won an obnoxious ammount of money, he called him (and me) to find out if its real, he didnt like the short answer – no… but he still knew that more then likley we were right (unfortunatly we were, he promised to buy us a house had it been real…)
Ive never seen anything that hands me money, but I’ve never seen anything as easy as the forex. Then again I used to work with a guy who never knew anything as easy as the stock market, and never knew how people traded the forex profitably – go figure.