Can you make a Living at this

["tabanna" <tabanna@xxxxxxxxxxxxxxxxxxx>]

. . . replied to Tom Bobst on 23 October, as follows:-

. . . maybe . . . have in mind that 90% of traders lose money ~ and of the
10% that make money,  90% are 'commercials' [or 'financials'] who are
hedging trade {such as chartering a ship to load 15.000 tons of sugar in
Cuba bought in one currency free-on-board, and sold, in another currency
cost-insurance-freight for delivery in the Persian Gulf.} {{need to hedge 3
risks: freight, currency, sugar.}}
. . . had a look, by chance, in a London UK library,  at accounts of a
Chicago futures brokerage firm that went belly up in 1930s, and they story
was just the same then ~ about 1% of speculative accounts make money over
the years.
You probably, realistically, need to have 5 years living expenses 'in the
Bank' +
a separate $50k minimum trade capital.
............

cheers