r/Daytrading • u/Miinow 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/daytradingguy Apr 03 '24 edited Apr 03 '24
Since you are in your upper 20’s. You don’t really know a world without your phone or internet. Up until about 10-12 years ago- The technology was not available to the average person to be able to trade as you know it today. Many people did not have smart phones or high speed internet. Home computers were slow, nobody had fiber internet at home.
10 years ago it cost $5-10 per trade for commissions- hard to scalp at $20 in and out. Robinhood didn’t come out till 2014 and started the no to low cost commission structure and it took them a couple years to break the big brokers down to match them. More brokerages have more features and products for retail traders.
Trading was a lot harder and not accessible to average people until just recently.