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This Japanese day trader made $150 million USD for last ten years from his bedroom according to Bloomberg news. It is doable if you are a day trader. Day trading is entirely another beast. The REAL good ones understand the market like no others can. Day trader compounds his returns in days...

Yeah, most people are naive. They think trading are cake walk rather than a battlefield where ONLY the strongest can survive. Even for institutional traders with degree from top schools, they have all the mentor-ships, training, connections, information and technology that top firms can provide...

Yeah, rich people tend to stick with their own kind. Yesterday I went to a rich neighborhood in New York City. Many people there wore designer clothes and Hermes handbags worth $25,000 or more. I don't think they want to show off. It is just common a lot of people are doing that in that...

Agree! JP Morgan Chase has a machine learning algo that interprets contracts and agreements. It can perform 360,000 hours done by lawyers in seconds. JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours

BlackRock manages $5 trillions USD. They have super-fast machine learning systems and super-fast network and computing abilities. In addition, they have top talents from top schools and funds. Yet their quant trading algo was under-performed. They lost billions last year. Not only them...

As with all trading, you trade against other traders. One wins. The other has to lose. In the spot Forex, retail traders are often trading again the brokers who often are the market makers. Unless you trade huge volumes like couple million dollars a day, they might take your order directly to...

Vancouver Canada real estate is already down 15% this year, while the real estate in China top tier cities like Shanghai, Guangzhou grows by 25% this year. It is no coincidence. China government passed some financial rule last year. Anyone invested more than $50,000 USD abroad will be fully...

Yes, they can. But forex futures is just a pale derivative of the raw power spot forex. Why trade the derivative when you have a real deep liquid market of couple trillion dollars traded a day? If you are a US citizen and have $10 million dollar, Dodd-Frank Act will not affect you a bit. There...

When you are dealing with sovereign funds, Bank of Japan, Swiss Bank, the Fed or the others, sky is the limit. They easily dump several billion dollars into the market in couple minutes. If you are on the right side of the trade with leverage, you will make millions in couple minutes easily.

Yeah, a lot of very wealth people I know have yachts and private islands. They easily burn $30,000 fuel on their yachts in a week or two. In the winter time, they are dormant. In the summer time, they stay in their yacht traveling most of time. They spend most of their time with their yacht...

Don't blame on China. The massive deficit is caused by US banning on high tech products exporting to China. What other things can China buy from USA except agricultural products? There is only that much agricultural products you can buy to meet the population demand a year. Germany hasn't...

iPhone will lose 2/3 of its valuation because of economies of scale. Majority of iphones is sold in other countries. Once US impose high tariff on imports, other nations will also do the same to imports from US, which make iPhone impossible to sell in other nations. Massive production drives the...

There was a guy claiming he made more than $100,000 a year playing fantasy sports when he was attending college. He spent four hours a day checking sport statistics. It seemed he had an understanding of statistics. You can watch how he did it on the PBS TV channel Frontline documentary "The...

Why do you think bank is the only one? There are many many big and small domestic and internationally players. They can easily cause spike in price. To name a few: Wealthy investors, insurance companies, mutual fund companies, governments, hedge funds, pharmaceutical companies, sovereign...

Trading is alot like running a business. Over the years, I have observed probably 95% of business startups failed within five years. The ones who is thriving making millions of dollars each year is having some sort of secret formula or recipes. Most likely they have spent years and years of...

Pizza making robots are coming for Dominos. Labor cost is too expensive now. http://www.bloomberg.com/news/videos/2016-06-24/pizza-making-robots-are-coming-for-domino-s

Trading at pro level is very hard. Most people dont realize it. It takes 15 years to become a pro in it sounds right. It is the same as taking surgeons 15 years of study and practice constantly to be good at their profession. Physicists the same.

Maybe you shouldn't be trading at all. They have invented the currency market and the paper money.

Stuyvesant H.S. senior says the $72M net worth he racked up 'day trading stocks' was only simulated cash, not real money http://www.nydailynews.com/new-york/n-y-high-school-senior-disputes-72m-trading-net-worth-article-1.2046248

Maybe you guys should check out this co-work share space: Sunshine Noho 419 Lafayette Manhattan NY (near Washington Square Park, NYU) http://sunshineny.com/ I heard there is a lot of independent traders there.