I was wondering..are there any of you that trading is your "job"? I'm new to this and just curious if a person could make a living by trading currency alone. I hope this isn't an inappropriate question..I'm not asking for how much anyone makes, just if you can support yourself from it.
- #51,003
- Dec 17, 2008 9:35am Dec 17, 2008 9:35am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #51,005
- Dec 17, 2008 9:38am Dec 17, 2008 9:38am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
isn't exciting trading this week? wow 
- #51,009
- Dec 17, 2008 9:45am Dec 17, 2008 9:45am
Well I do, however the answer should depend on your innitial experience and account size. It is a very difficult market to trade so realistically you should not expect to make a living out of this right away. I would suggest becoming more experienced first, but openning and trading a demo account and then moving on to a live account. As a rule of thumbs you should trade small innitially to see how you respond to inevitable situation of losing money.
- #51,010
- Dec 17, 2008 9:46am Dec 17, 2008 9:46am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #51,011
- Dec 17, 2008 9:48am Dec 17, 2008 9:48am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
isn't exciting trading this week? wow
- #51,013
- Dec 17, 2008 9:48am Dec 17, 2008 9:48am
If you dont go long on EUR now, youre a fool.
Now would be risky if it pullbacks more
"Fools always come in too late"...
But then again, you never know if its really too late...thats trading
- #51,015
- Dec 17, 2008 9:51am Dec 17, 2008 9:51am
- | Joined Dec 2008 | Status: Bear trapper/Bull rider | 474 Posts
I'm working w/demo account and over 66% of trades have been positive for me. I trade small and work it just as I would if I were depending on it as "real". I'm still trying to wrap my brain around the fact that if a person learns how to read charts, etc..can sit at home and make money. LOL! I wonder why aren't more ppl doing it and why don't I know anyone doing it? lol...just my thoughts here...
- #51,017
- Dec 17, 2008 9:51am Dec 17, 2008 9:51am
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
I'm working w/demo account and over 66% of trades have been positive for me. I trade small and work it just as I would if I were depending on it as "real". I'm still trying to wrap my brain around the fact that if a person learns how to read charts, etc..can sit at home and make money. LOL! I wonder why aren't more ppl doing it and why don't I know anyone doing it? lol...just my thoughts here...
- #51,019
- Dec 17, 2008 9:53am Dec 17, 2008 9:53am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
If you dont go long on EUR now, youre a fool.
) before. Now I'm long at 1.4330 with low leverage (0.5:1) to hold this position for a looong time. 