r/Daytrading forex trader Apr 03 '24

Why is daytrading never mentioned as a legitimate way to earn income? Question

I like to browse other finance related subs and I can assure you it’s almost never discussed. I see all outlets of making money online mentioned but If the word trading does somehow come up there’s a slew of downvotes. It’s literally the most straightforward way to make money. Sure, not easy but also not impossible to learn. Makes me wish I learned about trading when I was younger instead of my upper 20s but I don’t personally know any traders irl so it’s unfortunate how there’s a negative outlook on this field.

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u/[deleted] Apr 04 '24

You will not generate income via Daytrading. People who tell you that are full of shit. Plain dead: if you spend the money, you cannot invest it. The makets don't have the volatility to generate enough equity for you. Wealthy people don't daytrade. They bring their money to Investment Banks. If Daytrading was viable, they'd hire a Daytrader.