Pips,
Thank you so much for taking so much time to respond to my questions. I did not want to distract from this wonderful thread, but I had some outstanding questions I just had to ask.
I am going to read over your answer even a few more times, just to make certain I don't miss anything. I have been testing Phillip's methods, listening his lessons and studying by looking over historical data on MT4. I am really starting to get a hang of it all. Very exciting.
I have always wanted to be a full time trader, though I know it will take some more time. I am 29 BTW, I am hoping to be a full time trader sometime between 32 and 35. The biggest obstacle will be a full sized trading account (which is why I am considering yet another job). I think I could have a $200,000 trading account in 3 years, and if I can prove with micro-lots to be successful, hopefully then I can make a decision.
I have a CPA handle my taxes, so I will also discuss it over with him. I wanted at least an idea of what I was getting myself into, and what to really expect after taxes on my gains. Thank you so much.
Looks like I might have to start getting up earlier and following the market. That is fine by me. As I get older, I need less and less sleep, and I love that fact.
I have heard Phillip say this method works on other trading vehicles outside of Forex. Such as stocks, indexes, commodities, etc. Have you or anyone else here tried this method on non-Forex trading vehicles?
Thank you again Pips!
Thank you so much for taking so much time to respond to my questions. I did not want to distract from this wonderful thread, but I had some outstanding questions I just had to ask.
I am going to read over your answer even a few more times, just to make certain I don't miss anything. I have been testing Phillip's methods, listening his lessons and studying by looking over historical data on MT4. I am really starting to get a hang of it all. Very exciting.
I have always wanted to be a full time trader, though I know it will take some more time. I am 29 BTW, I am hoping to be a full time trader sometime between 32 and 35. The biggest obstacle will be a full sized trading account (which is why I am considering yet another job). I think I could have a $200,000 trading account in 3 years, and if I can prove with micro-lots to be successful, hopefully then I can make a decision.
I have a CPA handle my taxes, so I will also discuss it over with him. I wanted at least an idea of what I was getting myself into, and what to really expect after taxes on my gains. Thank you so much.
Looks like I might have to start getting up earlier and following the market. That is fine by me. As I get older, I need less and less sleep, and I love that fact.
I have heard Phillip say this method works on other trading vehicles outside of Forex. Such as stocks, indexes, commodities, etc. Have you or anyone else here tried this method on non-Forex trading vehicles?
Thank you again Pips!