Are you forex trader for Years??

Are you making good money from trading forex in last 10 months??
If so that mean you can make a profit and KEEP it,So please kindly Tell us about your experience?

I have been in forex for 2years and this what i think

1-I think to success in forex Must know how to control human natural
"How control ur self When to Enter or Wait" Discipline

2-Very patient Not thinking about money or the feeling of "Greedy" Got you and control you Then you 100% Lose But think it as mind game like playing chess And then make ur move -check mate

3-High IQ at least above the average and Insist to learn More

4-Clear mind and concentration
While doing all of this time will give "Experience"= Fast thinking and sharp eyes to pick up the chance.

Well i'm saying this while i been in forex for 2y with 1 Real Acc "Hard earn money" But not sure This buessiness will pay back my Effort......OR this bussiness just for firms and big banks not Individuals!!

Thanks
EGkid

Agree with points 1,2,4 and 3 partially. Not sure about the IQ thing though.

You earn enough money by exercising monitoring functions exempli gratia excellent risk- and money management.

Well, i trade everyday for a large bank in London. And, it helps when you have allot of equity!

Thanks for the feed back but we wanna more replies from experience traders!
No one trade forex for years and make profit AND "Keep it" to answer my question!?

Edkid, thanks for the invitation but I’m afraid that I don’t understand your question.

You can make profit? Yes

You can keep it? I don’t keep it, I spend it.

Let me explain

If someone asks me if I would trade fulltime without any other additional income I would answer: Yes, but I’m not in that position.

I would add a condition on my answer which would be:

The amount which I am willing to risk would not change my and the families life if I lose it, I have to have a reasonable equity (trading capital) to get my reward with a good MM for my efforts (time) that I spend on FX.

If I can’t meet these requirements I would only trade FX if I would be alone, and don’t have the responsibility of a family and if I, for any reason, can’t get a job or biz done.

Obviously I have to prove my skills for a certain period to see if this FX biz fits my character and abilities, this is a lonesome rider biz, sitting hours in front of the screens without talking a word.

I never change the equity; I take my profit and run or fill the account when needed. That way my emotions are always the same and well under control (some kind of boring).

I have few costs doing that because I have in my brokers account only 30% of my equity (I can be about 12 times wrong, because I use a max of 2% risk per trade, before filling the account without risking a margin call) and withdraw on my own bank account. If I have more than 50% with the broker, I withdraw there back to 30%. I’m able to handle the trading risk but I’m not willing to take an additional, unnecessary risk that my broker can get wrecked. Also, smaller accounts have less risk to get manipulated with slipping and other tricky stuff.

1. You have to be disciplined all the time. Better you enter trades with an OCO order.

Your min. risk reward ratio should be 2:1

As an scalper i'm always looking for trade setups where the risk is 5-6 pips to get 10-12pips after commission.It varies every time.

2. Don't rush. Be patient and look for opportunities. As an good trader you have to think about money. You don't want to lose it. On every trade don't risk more than 1% of your amount!

3. "High IQ".
No one can tell the future even when the IQ is 1000.Your system should be simple.Just focus on high-probability trades. Stick to your rules and plan.

4. "Clear mind and concentration".
You can trade with an clear mind when you're fearless and not greedy.That is one of the important stages in being experienced.

Wish you good luck!