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- pickle replied Jul 27, 2017
1. Educate yourself. 2. Test yourself. 3. Make money. 4. Educate yourself more. 5. Don't be stupid. 6. Make more money.
- pickle replied Jul 26, 2017
I would say definitely put a portion into a long-term index fund no matter what. If it's a good index fund (SPY 500 for example) it's empirically evident that in the long run you will make money. Especially if you keep putting money into it when ...
- pickle replied Jul 26, 2017
Yea I don't see high-end investors putting millions into forex unless it's almost a sure-fire (like having insider knowledge of brexit and shorting the GBP). I feel most multi-millionaires buy many sound investments for income and wealth ...
- pickle replied Jul 26, 2017
There is no holy grail in trading. It takes a lot of work to be consistently successful. A combination of any of those technical indicators listed will work well (using just one is foolish). But keep in mind every currency pair trades differently in ...
- pickle replied Jul 26, 2017
Well I'm just referring to traders of forex (or a different type of security) who are already good enough to live off of only trading. They can easily learn how to trade other securities and potentially increase their profit. Essentially it's easier ...
- pickle replied Jul 24, 2017
Plus if you have no other job you can spend time learning how to trade other securities and up your profit. Technical analysis is pretty much consistent across the board, you just have to learn the unique market psych behind whatever you're trading.
- pickle replied Jul 24, 2017
You can opt out of Section 988 treatment and use the 1256 treatment to most likely get lower tax rates though. And you could carry over losses to future gains if you had little income for the year.
- pickle replied Jul 24, 2017
I agree with the consistency point, I believe that is such a huge factor. I've read many stories of people losing money for years, sometimes thousands of dollars. The ones who pushed through the expected losses when they were inexperienced are the ...
- pickle replied Jul 20, 2017
Keep emotions out. Stay true to your plan. Don't click on the "make 95% gainz in two days". And dedicate a looooooot of time.
- Posts by Member Search: 'pickle'