Personal Finance Myth #17

Trading is easy & safe & you can make a profit easily | Vrid
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Trading is easy and safe. You can make a profit easily

Most people enter trading to make a quick buck in their free time. Slowly, they realise it is easy to start but tough to stay in it while being a successful trader.

Active trading is like running a business, with only a small percentage of traders succeeding. Most people don’t think of trading as a business when they start it.

Also, data suggests that 70% of traders don’t last beyond the first year and 95% stop trading by the third year. Only 1% of active traders make more than bank fixed deposits over 3 years timeframe.

Check if trading as a profession is suitable for you here.

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice or a proposal to buy or sell any assets. Please be careful and do your own research.

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