Trading Forex?

[chris85mcfc]

Unless you're an absolute expert or purely doing it for fun and not as a way of serious investing, day trading is for mugs.

Just stick everything in an S&P 500 tracker and leave it for 20 years. You'll outperform any day trader and almost all hedge funds.

(And that's not my advice - it's Warren Buffet's).

Is the correct answer.

Unfortunately, it's not the answer that the modern day 'traders' want, where they're expecting an immediate outcome.

Compounding interest will always win the marathon, and over 20 years you can make a killing if you're disciplined in your approach.

 

[Johnny Mars Bar]

Is the correct answer.

Unfortunately, it's not the answer that the modern day 'traders' want, where they're expecting an immediate outcome.

Compounding interest will always win the marathon, and over 20 years you can make a killing if you're disciplined in your approach.

It depends on why you’re doing it I guess.

I buy and sell shares and dip my toe in day trading as a bit of fun (yes I’m down) in the same way you’d whack on a tenner in the bookies on an acca for some fun.

My serious money is in an ISA in ETFs. I top it up every month and I’m ignoring it for the next decade.

 

[Siker]

I buy and sell shares and dip my toe in day trading as a bit of fun (yes I’m down) in the same way you’d whack on a tenner in the bookies on an acca for some fun.

it's like a casino, playing and trading for fun and being down.