The transition with the previous part is not difficult to find. If so many people are made leverage or scams more or less direct unscrupulous commercial, it is often because of the lure of financial gain and fantasies surrounding the Trading. So let's start by defining a simple concept of risk-free rate.

As its name implies, the Risk-Free Rate is simply the return you can get when your capital is not at risk. For an individual, it is for example the Livret A rate.

If a strategy or investment offers you a higher rate than risk-free rate without risk taking, it is very likely a scam. Indeed, the return on your trading capital will always be the result of more or less risk taking. The risk management methods, called Money Management, will certainly allow you to optimize your performance within the limit of the risks that you have accepted, but NO investment can guarantee a return higher than the risk-free rate without risk taking.

Unfortunately, it is impossible for a serious person to cite the average return that Trading could provide. Speculative short-term buying and selling is like a zero-sum game where the gains of one stakeholder are the losses of another. Your success in trading will depend on your ability to beat the market significantly to ensure payment of your brokerage fees and generate a net performance. Your pay theoretically has no ceiling, but given the fierce competition from financial market participants, earning money will already make you a good trader.

One last thing before closing this part, beware of performance histories and promises too enticing. Indeed, the past performance of a Trader does not predict its future performance, and these histories are generally victims of several biases, and short-term performance alone unfortunately does not distinguish a talented Trader from a lucky Trader.