DislikedI am looking forward to become a professional trader slowly (hope not painfully).Ignored
Good luck in your journey!
No Requirements to Be Happy 15 replies
DislikedI am looking forward to become a professional trader slowly (hope not painfully).Ignored
DislikedSeasame seeds or not, its bound to be exciting. And on the property guru's book, guess that's why we have so many books on trading online..you never know..Ignored
DislikedOf course, it depends on your style of trading. If, like mine, your trades are designed to last more than a day, then there will be long periods of waiting for the right set up. If you are a scalper, or an intra day trader, then your work will be more intense. In any case, any spare time you have should be spent studying. Celebrate wins, accept losses.
I wish you all the best - work hard - get lucky.Ignored
DislikedI'm no professional, but as someone who trades for a living, it becomes just like any other job. It just depends on whether or not you enjoy what you do.
It's a happy life if you're making money. Money does buy happiness... maybe not directly, but it opens the door to endless possibilities for fun and happiness. Its also a big stress reliever, not having to worry about if you have enough money to pay for anything.
I'm not sure what you meant by sad. If you think being lonely is sad, then yes, trading can be sad. Self-employed individuals...Ignored
DislikedLet me tell you something before you start: "slowly" can be several years and thousands of trades before making any profits at all. Just a friendly advice from someone who's been trading for several years and thousands of trades.
Good luck in your journey!Ignored
DislikedAll books say different things but there's no harm in learning from people that are walking the walk!
Of course you can learn everything yourself instead which is a long and often painful (financially and emotionally) but worth it.
Once I got my head sorted and got a solid strategy (thanks bullpips) everything seemed to slot into place after 4 years!Ignored
DislikedI've been trading for quite a while.. I still amused to think back to my early days.. Biggest thing you've notice is that your emotionally dead inside.. At least, I am. I still enjoy it.. But, mainly the freedom of it.. You do your own thing.. your in control.. of your destiny!!
After a while.. You get used to it like anything else.. I keep saying, you do something long enough you either get good at it or you stop doing it.. Its a long road with a lot of hardship, but if it was easy then everybody would be doing it..
Biggest thing is don't...Ignored
DislikedGood on you Pipfarming, you have created a thread with great responses. Remember you always have 1000 more trades - I have found that reassuring from someones video link. Stops should be at a technical level, not just so far away they will never be reached and happiness is relative ie: sad, rich -- happy, poor etc. Do the good trade and money will look after itself. How money gives anyone a feeling of security in life beats me but it does. Just like fools gold.Ignored
DislikedI hope I won't blow up my first account like 90% of the newbies would.Ignored
DislikedHi everyone, greetings from me - a brand new newbie.
I have been playing on my demo account for few months now, had opened my first live account for 2 weeks. I am looking forward to become a professional trader slowly (hope not painfully).
Can anybody shed some lights on the life of a professional trader for me?
Is it a happy life?
Sad life?
Chaotic life in which you are on the top of the world one day but only to become suicidal the next day?Ignored
DislikedI hope I won't blow up my first account like 90% of the newbies would.
This week majors are bit ranging (my own market sentiment), I am holding on to my pips, didn't lose any up to now. I have heard that ranging market is very easy to loose pips. I also heard that forex market ranges 70% of the time. What's going on with this picture? 70% of the time people bleed out pips and only have 30% chance to win them back. No wonder 90% of the newbie would be blown out.Ignored
DislikedI wouldn't say 70% of the time is range look at a weekly or daily chart,
And newbies lose because of this.
NO education or study of how to trade.
Strong emotional connection to money
OVERTRADING
Too much leverage
and
Too big position sizes.Ignored