"Can we make a living trading with a lazy 20 to 50k (if so what on horse 1 race 1 the lot)"
Absolutely not, to make a living from trading/investing you need at minimum 200k, on a IB margin that will give you about 400k worth of capital. You'll also need enough savings in cash (buffer) to cover two years living cost and more again to cover tax unless you setup with offshore accounts and brokers.
First off you need to be absolutely debt free, "scared money never makes money". Trade/invest in high quality stocks (S&P500 companies) not penny dreadfuls or forex and absolutely not CFDs. Also you need to be able to play the game both ways long and short.
Add to that a very strict trading plan , disciplined capital management, minimum 5 - 10 years experience and you might just make trading as your primary source of income if you can also overcome the psychological aspects of trading large amounts and stress. Trading/investing part time while you still have a full time job is little more than a hobby. But trading/investing for a living as a main source of income is a completely different level of stress.
Now I know that view doesn't fit into the dream/myth sold in books and discussed on forums like HC, but after 25 years experience trading/investing its realistic.
