Full time traders opinion needed

Hello,
I am looking forward to be a full time trader and use forex trading as my income. Can some full time trader please give their opinion on being a full time trader as this will give me and other traders out there a good view about it.

Aslam

Hi aslamc,

Welcome to FF!

Perhaps if you be a bit more specific in relation to what you would like to know, you might get some answers.

Also, if you use the search function there are lots of old threads on this sort of topic, you may find all your answers there...

You will get various answers on how to, and how not to trade. A lot will say you have to trade on 4h charts or daily charts with 2% of yor capital etc. and that you have to have $x capital in your account to make enough to live off of once you find the right system etc. Then you have others (like myself) that scalp and claim x% a day/week/month etc. and people will tell you scalping is "risky" and not to count on x% a day/week/month. It really depends on you and your psychology. Can you trade on 1hr/4hr/daily charts? Are you patient enough? Does your system work profitably on these charts? Do YOU work profitably on these charts? Or are you more of a scalper or intraday trader? Can you handle the stress of the market moving fast with or against you? Can you enter or exit fast taking your small profits and occasional losses? It all boils down to YOU and how YOU read the market, interpret the market and play the market. Will YOU buy in and HOPE it moves your direction or will you buy in with a high level of certainty as to it's direction? It's all up to you and how you perceive both the market and life.

-Richard