Is it possible to make easy money trading?
http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! I get this question so many times and I see it everywhere. The obvious answer is no although it is not always straightforward. In fact trading is probably the hardest way to make easy money. How do we define easy money? So you have a strategy, some strategy that works well during nice, chugging bull markets... It seems like easy money, you buy stocks on a pullback, you are holding for fresh high and you're closing them when they're X% up. That seems to be easy money particularly if it looks like its working nice. That is what happened in 1999 during the dot-com boom. The real secret to success in trading is 1) to know which strategy to use in the prevailing market environment at the time 2) to know how to keep this money. For instance Bitcoin trading seems like easy money at the start of the year (simple, buy and hold!) but that is going to end at some point.
Is it possible to make easy money? I guess it is - under the right conditions, with the right strategy in the right environment, however don't expect that. Expect trading to be hard, challenging, tricky, to drain you both mentally and on your financial capital. If you can take easy money; of course grab it but don't expect it to last.
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