That's right, the trick is to take only that trades that have a mean (there is a very very good reason to take them), with a right stoploss, and a defined target point, take what market offer to you, and stop thinking!
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DislikedMAKING MONEY TRADING FOREX:
The answer is most definitely yes!
To be a professional we will need:
1. FOREX KNOWLEDGE: There is no substitute for correct/uptodate knowledge. Acquired formally or through trial and error. Knowledge IS what makes a professional.
2. TRADING EXPERIENCE:
3. PROFESSIONAL ATTITUDE:
There is no substitute for hard work, burning desire and a strong will to become a professional forex trader and to make money trading the forex markets!Ignored
DislikedMAKING MONEY TRADING FOREX:
There are a lot of traders out there wondering if it is possible to make money trading forex. Simple answer is yes. But more complicated answer is it depends on you. Ask yourself this question: Is it possible to be a professional such as a doctor, lawyer or engineer? The answer is most definitely yes!
To be a forex trader who makes money from trading we need to understand what it takes to be a professional. A professional is someone that has acquired a skill. Which means 1) Knowledge and 2) Experience....Ignored
Disliked1. Is it really possible to make money for a living through FX market?
2. If yes, how long would it take?
3. Is there a chance that I manage to quit my daytime job and stick to FX market as my only source of income?
4. If yes, how long would it possibly take?
5. Is there some body out there that really makes over $100k per month through Forex trading? If yes, how? Can I reach that point the future?Ignored
Disliked1. Is it really possible to make money for a living through FX market?
2. If yes, how long would it take?
3. Is there a chance that I manage to quit my daytime job and stick to FX market as my only source of income?
4. If yes, how long would it possibly take?
5. Is there some body out there that really makes over $100k per month through Forex trading? If yes, how? Can I reach that point the future?Ignored
Disliked3. Yes, there's about a 5% chance (if not less) of getting to that point, depending on A) whether you can get a real edge in this business, and B) whether you can keep that edge throughout your career.
I don't mean to discourage, just keeping you in the real world. If it were easy, most (or at least half) of us would be rich pros.Ignored
Disliked2) That said, I don't recommend waisting your time with EAs, they lead to laziness. The best trading computer is the human brain and a good intuition. Remember, a computer program just does what it's programed to do, so if the market does something that the EA's not designed to handle, you'll probably loose a bunch of money!Ignored