why do poor people envy the rich?

Theres being right wing and then theres blatant stupidity, why would you not take into account how things effect people, the ultimate goal is to essentially maximise social welfare, when you get down to it... why do we want a strong economy if we don't care about people at all?

Nope, it certainly won't, we can discuss how best to save money so that you'll have a good retirement lol but thats not what being rich is, thats struggling to maximise you're situation.

hahahaha those are all about luck. You will also work ridiculous hours, and be miserable, only few become multi millionaires, most fail. You will also have no friends or a relationship that isn't based on superficial things, i know plenty of reasonably successful investment bankers from my sisters uni friends, and they are the most depressed and overall unhappy people who feel like they have wasted their life. you seem to have confused luck and hard work, no matter how well you know a market, you can't accurately predict the future, so the ones in bold aren't going to take you from poor to rich without a lot of luck, like i said previously, and if you're born poor, breaking into these places is next to impossible unless you go to oxbridge.

hahahaha those are all about luck. You will also work ridiculous hours, and be miserable, only few become multi millionaires, most fail. You will also have no friends or a relationship that isn't based on superficial things, i know plenty of reasonably successful investment bankers from my sisters uni friends, and they are the most depressed and overall unhappy people who feel like they have wasted their life. you seem to have confused luck and hard work, no matter how well you know a market, you can't accurately predict the future, so the ones in bold aren't going to take you from poor to rich without a lot of luck, like i said previously, and if you're born poor, breaking into these places is next to impossible unless you go to oxbridge.

Lool. I've been trading the markets for almost a year now. I started a year ago and have made good profit. Confused luck? Firstly, investment bankers are directly recruited from LSE, UCL and Warwick not oxbridge. Secondly, investment banking is just a platform for greater things. Thirdly, you'll find that is possible to predict the market long term. Heck, I've even made profit from scalping short term despite the strong unpredictability of the market. You'll find there are many methods to predict long term trends such as Fibonacci retracement. With the software, money management and discipline it is easily possible to be a successful trader. I'm not even 17 yet, but am soon to be the main bread winner of the family. I know for a fact that any forex firm will recruit me with my track record, grades and work experience.

There you go again. Get informed, dude. Those aren't about luck. Work hard for the grades, ECs and network. So please, open your eyes!

Lool. I've been trading the markets for almost a year now. I started a year ago and have made good profit. Confused luck? Firstly, investment bankers are directly recruited from LSE, UCL and Warwick not oxbridge. Secondly, investment banking is just a platform for greater things. Thirdly, you'll find that is possible to predict the market long term. Heck, I've even made profit from scalping short term despite the strong unpredictability of the market. You'll find there are many methods to predict long term trends such as Fibonacci retracement. With the software, money management and discipline it is easily possible to be a successful trader. I'm not even 17 yet, but am soon to be the main bread winner of the family. I know for a fact that any forex firm will recruit me with my track record, grades and work experience.

In essence, yes.

Predictions about a financial market are all involved with luck to a certain extent.

You even said it yourself, these are predictions, not an absolute.

As you are trying to predict an outcome, for personal financial gain, there is (no matter how small) an element of risk.

You're not studying the outcome, but you are hoping for a specific one. This is a form of luck...

the main point was that to be successful in the job you need luck, but getting them is hard as well, when you're old and not rich you'll realise you wasted your entire life on nothing.

And when I'm middle aged and rich, I will remember this comment I speak from proven results. They aren't definite but definitely have a high success rate. It IS all in the hard work. If I relied on luck I'd be dead by now.

it's not the 19th century. people can work hard, study or get means to be well off. and why do people stereotype the rich? now people have more opportunities than ever, there's no excuse to feel you're being put down by 'the rich'.

haha, i don't know you or your exact situation but this is pointless, the truth is maybe you'll get lucky and be a millionaire by 20, but maybe you'll be like almost every other forex trader who fails, if you know anything about trading, luck is the most important thing, according to actual traders.

is being middle aged and rich really a goal? what about friends and a girlfriend/boyfriend? even if you defy all logical and are one of the very few... you'll be middle aged lol, that sounds like a waste to me, but good luck anyway mate, i genuinely hope you succeed and its everything you dream of

5% of casual forex traders make money (from their own home). This is much higher for people working in the big city firms. You'll find that: risk management, money management, lots of practice, patience and knowledge are all more prevailing factors than luck. That doesn't mean that luck doesn't isn't a factor in a traders success. Just not the determining factor over whether or not you will make money.

Obviously, there are risks and luck comes into play as well, but once you have molded a system with higher than 70% strike rate then you can profit long term. All currency pairs replicates specific movements for example double downs and double ups. By successfully identifying the beginning of these movements you are able to profit off of them. In a sense you are studying previous outcomes and hoping for a specific one. But you are technically 100% right.

it's not the 19th century. people can work hard, study or get means to be well off. and why do people stereotype the rich? now people have more opportunities than ever, there's no excuse to feel you're being put down by 'the rich'.

OK. But then i'm just amused that you mock me for suppose non-wisdom, but OK. so much for being wise yourself.

This is based on proportion, and successfully getting a '70% strike rate' for a year is still no guarantee that (even if following the same patterns) this is going to continue for the foreseeable future...

Patterns change, especially in a niche that can be so easily changed by different thought processes (not necessarily you, personally). So as you can never know the thought processes of everyone else out there who deals with finance, it is not possible to say you can get a '70% strike rate' indefinitely...

Not to say you won't, but it is still very much a high risk/high gain strategy to monetary wealth...

and people who work hard are evil..got it.