Quit Job , go Back to School, Trade Forex?

Quoting I Wanna Trade

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Hey all,

I need some psychoanalyis time on the couch from some pro traders. I absolutely hate my job and have been wanting out of it for a long time. I have no future in this job and it's doing nothing developmental or productive for me other than give me a paycheck. I have a social sciences degree so I don't have many options right now. I want to transition to the financial industry as that's where my passion is i.e. stock market or forex, or possibly trade on my own. I'm taking finance graduate classes part time right now but want to quit my job and go full time to get things done faster and get moving into something I like, and fully involve myself and develop my trading skills day in and day out. That way I'd be getting two educations, one in school as a primary plan, and one in real life trading as a secondary plan. The problem is that this is obviously not financially smart. Right now I have four strategies in forex that are posting winning records for two months (284 total pips), and I'd like to spend more time testing and developing them, but it's hard to fully do that with my job. I'd like to be able to do full testing and development for at least 6-8 months, and if I post a profit then I'll put a large sum of money in my account. I know that I should stick with my job for the financial security and just take night classes and trade and learn when I have time, but I'd like to hear any contrarian opinions from anyone who's experienced in making such decisions, or feels they could tell me if the benefit outweighs the risk/financial burden or vice-versa.

Any thoughts?

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Quoting Bemac

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OK, Here's the deal.

Aura appears in the sky and symphonic music plays as if from nowhere...
I told you this when I brought you into this world: If you remember?
You get one lifetime at a time to live. {at least, most of you do}
I also told you it is solely under your control how you live this life. Race for Purpose, Spectate and Cheer or simply lay on the couch.
...Center yourself for happiness

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Quoting mbqb11

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This is never something anyone can answer online, but I understand you are more looking to talk out your own thoughts really.

I will say one thing if you are passionate and hardworking, nothing should prevent you from accomplishing your goals and you will do what it takes.

Playing it "safe" is for most. But don't take risks where you can't feed yourself and pay your bills. Gotta find that medium. Trust your gut.


I wish you very much success,
Mike

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Quoting I Wanna Trade

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Hey all,

I need some psychoanalyis time on the couch from some pro traders. I absolutely hate my job and have been wanting out of it for a long time. I have no future in this job and it's doing nothing developmental or productive for me other than give me a paycheck. I have a social sciences degree so I don't have many options right now. I want to transition to the financial industry as that's where my passion is i.e. stock market or forex, or possibly trade on my own. I'm taking finance graduate classes part time right now but want to quit my job and go full time to get things done faster and get moving into something I like, and fully involve myself and develop my trading skills day in and day out. That way I'd be getting two educations, one in school as a primary plan, and one in real life trading as a secondary plan. The problem is that this is obviously not financially smart. Right now I have four strategies in forex that are posting winning records for two months (284 total pips), and I'd like to spend more time testing and developing them, but it's hard to fully do that with my job. I'd like to be able to do full testing and development for at least 6-8 months, and if I post a profit then I'll put a large sum of money in my account. I know that I should stick with my job for the financial security and just take night classes and trade and learn when I have time, but I'd like to hear any contrarian opinions from anyone who's experienced in making such decisions, or feels they could tell me if the benefit outweighs the risk/financial burden or vice-versa.

Any thoughts?

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Quoting witchazel

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feel free to jump right into trading. drop everything else in life and go for it

you have a 5% chance of making it and 95% of a 3 month vacation

hehe, not trying to be mean here, but what you should really do is keep what you are doing and treat this like a side business you are opening while working full time. for every 2$ you make in forex you can take off 1$ of real world slavery. by the time you buy your way out of slavery you should be sitting good

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Quoting shadeslay

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I would echo a few others keep the job for now. If it's the place you are working then maybe put some time into finding a new place too work. If it's just the job, stick it out. It sucks but you have too pay bills somehow and a job right now is a certainty while forex is still a question mark.

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Quote

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In my experience, trading done right seems sort of anti-climatic... system signal says BUY... I buy... if it says SELL... I sell. Yeah... I take profit now... but it was NO WHERE NEAR AS EXCITING as taking those super "risk-it-all" trades that tended to take me outta the game.
__________________
...AggieTrader...

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I must say, the whole indentured servant type perspective is not one I never considered before, but it certainly gives me another slant on things if I stick out my sorry 9-5. Good post

Quoting mrgreen

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One thing that didn't happen - I never sent highway my daughters address.

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