Hello everyone. I’m not exactly new around here, since I’ve opened this account last year; but this is the first time I’m posting.
I started learning about forex trading more or less 1 yr ago, but I simply thought it wasn’t worth the effort and just let it go. Now I’ve picked up interest on this again, and started studying seriously (not just forex, but about securities in general). Now I have this doubt lingering on my mind once again. It may sound stupid, or another “newbie question”, but I just can’t find the answer.
Is trading really worth the effort invested?
I’ve been reading everywhere, and seen that most people blow out their accounts (due to lack of education); and the others usually break even or make really modest profits.
My guess is that I can make a 20% return/year trading (in a pessimistic view, and yes; I have been demo trading for some time and tested out many methods). So, if I start with $1000, I’ll have $1200 by the end of the year.
Or I can use leverage. But most places, including the school of Pipsology, won’t recommend it since it is too risky. So what’s the point? I won’t trust more than $10.000 on a online broker with an average guarantee of return of about 20%. It just doesn’t seem worth the risk/effort. How can you make a “living” making 200 dollars per year?!
Yes, a living, since to trade forex, I need to invest a great deal of time (fortunately, I still have a lot of free time to spare) in studying and trading by itself. By doing this, I’m losing the opportunity of studying other subjects and even missing out on finding a “real job”. Isn’t it better to devote my time on a job and a degree, and try to rise up on the job market?
Thank you for your patience reading through all of this. I really need to listen to the opinions of real traders.