part time hoping to go more full time in 1-2 years depending on results etc
Full-time student, Part time trader 7 replies
A switch: from part time trading to full time trading 8 replies
Full Time workers... part-time traders... 4 replies
Dear Full time/Part time Traders – Thanks for your time and help 7 replies
Dislikedpart time hoping to go more full time in 1-2 years depending on results etcIgnored
Disliked{quote} Starting as a part time trader is the best choice; since there is no guarantee in Forex!Ignored
Disliked{quote} Starting as a part time trader is the best choice; since there is no guarantee in Forex!Ignored
Disliked{quote} Starting as a part time trader is the best choice; since there is no guarantee in Forex!Ignored
Disliked{quote} yes absolutely. I need to phase out my full time job in a methodical manner. I have built a lifestyle on the salary I get from work. Until I can maintain that lifestyle comfortably from purely trading I can’t just trade full time. So I’ll see where I am in the next year or 2. of course funding is the next issue the more money one can manage successfully the easier it will be to become full timeIgnored
Disliked{quote} Good plan. But, it’s not all about big capital; your trading skill is the key!Ignored
DislikedYou don't need to be ambitious with capital. Starting with £1000 will work. It is the monthly profit percentage where you need to be ambitious. 6% is the target. You need to establish a strategy that will double your account in 12 months. This equates to a notional 1:1 r:r - if it is very possible that a trader will lose 100% of their account within 12 months, then whatever strategies are used must be capable of at least making the same 100% in the same time. If you would not accept less than 1:1 from one trade, how can accepting a lower r:r for...Ignored
Disliked{quote} what i mean re capital is... if for example someone gets a salary of lets say 4k per month,,, and you want to go full time,, you need to have capital that will let your achieve that 4k a month easily (in a perfect world). because most of the time your build a lifestyle according to your salary ideally you should have 1 year of savings put away because nothing is a gurantee.. if 3% on your personal account means your get 4k is a lot easier than 30% on your personal....Ignored
Disliked{quote} show me how many people have done with 1000 if u think that I wish you all the best,. This is one of the reason why beginners fail as well not enough capital. Trust me I was one of them once I saved up and put more capital in it put me in a far better positionIgnored
Disliked{quote} I admit I was making an assumption here - that the trader who starts with £1000 and makes a 6% profit per month and so doubles their account per year is starting with a strategy that produces 6% profit per month. They aren't starting from knowing nothing. So they have already demo-ed it and trialled it. But this isn't a very daring assumption - its what every new trader should do - get a strategy that works and which doesn't rely on luck, demo it, trial it, and only then start to trade it for real. But the majority of traders just jump in....Ignored