It took me 3 months to start trading in profit but it is not consistent I have winning and losing months as well, but in average I make 30-40% yearly. I don't hunt for extreme yield because I always remember that our primary goal is not to lose.
{quote} Oh no, totally my bad! I misinterpreted "circumstances" as "luck" when naturally it means "situation". I completely agree with you, availability of time is largely dictated by one's circumstances.
Would you recommend fx trading to anyone related to you?
Ignored
No. The odds of one making it are way too low. For most people its just a waste of time and money. I also know people whose lives completely fell apart because of FX. Its very similar to what happens to gamblers in some cases. I would say if you are not 100% invested into making it then better not even start.
Been almost 1 year. Have been trying indicators and strategies. Sometimes it gets so tempting to try new stuff in forex, that I go in red again. So took few months.
{quote} No. The odds of one making it are way too low. For most people its just a waste of time and money. I also know people whose lives completely fell apart because of FX. Its very similar to what happens to gamblers in some cases. I would say if you are not 100% invested into making it then better not even start.
Ignored
You are right, the 100% is what is holding most people back.
I know a man that has traded fx for over 13 years. He trades only EURUSD. When I met him, I encouraged him to trade the 28 currency pairs , because, I realised that currencies move in cycles. I achieved consistency in trading faster than him. Now, I look back and thank my stars because I gave all. Now, I can happily tell some one I am a currency trader.
Been almost 1 year. Have been trying indicators and strategies. Sometimes it gets so tempting to try new stuff in forex, that I go in red again. So took few months.
Ignored
Yeah, I will encourage you to keep trying. There are lots of bullshit advice out there that when you listen and practice them it will hold back your development as a trader.
Learning your way in forex trading is like having sex for the first time, no body will give you lectures on how to have sex, you just go with your gut feelings and strategize on better way of milking the market. People come here expecting freebies and handouts, nobody that is consistently profitable will ever do that. I didn't give up on fx because I don't have option, I never had plan B. So don't give up.
