Which do you prefer?
Most of us still prefer stock trading. I guess I understand their viewpoints. No doubt, stock trading is seen as a more conservative approach to build your wealth. Even if you are losing money in a particular stock, all you have to do is forget about it and look at your portfolio again years later. However, this is not a good approach investing. At times, if you dont cut your losses early, your stock may be worth pennies years later. By holding on to a losing position, you cannot put your capital to work. Eventually, you compromise on your annual portfolio return if you hold on to losing positions without sound justification.
Many people want to be in a business but many businesses actually fail. The cost of failing a business is huge since the startup cost is usually significant. In forex trading, you have a taste of running your own business with low startup cost and minimal risk involved. In fact, forex trading is akin to a real business.