Reply To: Trading “Gurus”

James Barra
Moderator Team

    Hi Carlo,

    A healthy dose of scepticism if sensible before handing over funds to so-called gurus. Finding genuinely high-quality trading coaches amongst the thousands of providers is no easy task.

    It’s also important to be aware that day trading is very difficult. Research suggests about 80% of day traders quit within two years while 40% don’t make it through the first month.

    Have you read our guide to day trading for a living? It covers many of the key aspects you need to consider, from risk management and starting capital to educational resources.