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Making a living trading forex

  • #81
  • Feb 21, 2010 1:02am Feb 21, 2010 1:02am
thanks very much, no offense taken, just good hard learning

  • #82
  • Mar 7, 2010 4:41pm Mar 7, 2010 4:41pm
Sevenjames:

I'm just curious what have you decided so far and how is your journey progressing, would be great if you could update us on your journey.

Robert
  • #83
  • Mar 7, 2010 4:54pm Mar 7, 2010 4:54pm
Fxnewbie2009

Razor_trader is correct in most of what he said but I have to disagree with him on one point and its something that you started approaching correctly at least according to me.

Demo accounts are great for the first week or two to see how the market works if you're new and to learn the platform you're going to use but after that time, I believe any time spent on demo is just a wasted time. I personally believe that even a micro account at $25 will provide you much more education then a demo with $1,000,000 virtual money. $25 is nothing and if you have to blow 20 accounts with $25 you will go through much learning. Once you GET IT you'll be bale to take that $25 to $50 to $100 to $200 to $400 to $800 etc. without adding any more money and then you'll know that you're on the right path. Assuming you blow 20 accounts and I hope it wont take that many, you'll loose $500 but once you get there will come a day when you'll make that much in one transaction so be patient VERY PATIENT.

Robert
  • #84
  • Mar 7, 2010 11:22pm Mar 7, 2010 11:22pm
Quoting ForexDude
forget about it, you will only lose money with forex... it's one of the biggest tricks on the web..

if u really want to make money off this traffic, open a blog on blogger and put some banners like the ones listed on this forum... u will make tons of money off those guys who lose their bucks by gambling on forex.
You are 100% wrong. You have a jaundiced view of forex, but you are wrong.
  • #85
  • Mar 9, 2010 2:03pm Mar 9, 2010 2:03pm
Quoting ForexDude
forget about it, you will only lose money with forex... it's one of the biggest tricks on the web..

if u really want to make money off this traffic, open a blog on blogger and put some banners like the ones listed on this forum... u will make tons of money off those guys who lose their bucks by gambling on forex.
This dude is still going about discouraging people, he's been doing this for years now.....I really want to hear his horror story!
  • #86
  • Mar 9, 2010 2:29pm Mar 9, 2010 2:29pm
Lets be very clear about one point:

It is easy to make money in a tangible economy- Mc donald workers, truck drivers, carpenters, manager, finance professionals, Vice president, operations director etc.

6 billion people either directly or through someone are participitating in a $ 60 trillion global world economy and making a living out of it.

I prefer trading in forex for a longer TF and at the same building a full time career.
  • #87
  • Mar 9, 2010 7:25pm Mar 9, 2010 7:25pm
Quoting ladex142
This dude is still going about discouraging people, he's been doing this for years now.....I really want to hear his horror story!
If you read all his postings, it seems that he got blown up in October 2009 and lost a lot of his money.
  • #88
  • Mar 9, 2010 8:48pm Mar 9, 2010 8:48pm
Quoting M.A.C.Doug
doesent sound like you can afford to lose the 5k. Consider it already gone if you start trading with the hopes of making that sort of return any time soon, or ever for that matter. Everyone would be doing it if it was that easy. If you put that money anywhere near a forex trading account it is GONE!! you have been warned
I like this M.A.C.Doug short comments...

If and only if you had this kind of mindset, you can P.M for my newest EA creation.

I dont want to give so big hope and claims that I've found HolyGrail but thru my hobbies of creatingEAs, I have so far seen almost all kind of strategy and method you can think of..(sort of)

Most of them failed (and I think I know why people said 90% people will failed in forex and the success 10% only time will tell..

and people keep moving from system to system..because of consistent system is difficult to achieve in ever changing market.

In the past, I like to just sharing my EAs but now no more...

So, if anyone who are having the mindset as mention by M.A.C.Doug:
" consider the money you put on the forex is already gone on day 1"
then you may contact me. i will show you the potential of having 100% or more per month using EA.
  • #89
  • Mar 11, 2010 5:53am Mar 11, 2010 5:53am
I scalp the eurusd with 90% accuracy. So far, for today im on a killing spree,10 trades, 10 winners, 40 pips profit. I feel sorry for people who dont get it, that having a system and unflexible system will make money. Its all about calculating probabilities.
  • #90
  • Mar 11, 2010 11:56pm Mar 11, 2010 11:56pm
Quoting woo
I scalp the eurusd with 90% accuracy. So far, for today im on a killing spree,10 trades, 10 winners, 40 pips profit. I feel sorry for people who dont get it, that having a system and unflexible system will make money. Its all about calculating probabilities.
4 pips a trade? What is your SL size?
  • #91
  • Oct 6, 2020 6:48am Oct 6, 2020 6:48am
Trading is my passion. I make this as my main income source.
  • #92
  • Oct 6, 2020 7:37am Oct 6, 2020 7:37am
You are hoping to make it or you already have?
  • #93
  • Oct 7, 2020 5:58am Oct 7, 2020 5:58am
Quoting OwenBavin
Trading is my passion. I make this as my main income source.
sounds really good that you take Forex as passion ,
by the way how long you have passed in this volatile trading place.
  • #94
  • Last Post: Oct 7, 2020 9:47am Oct 7, 2020 9:47am
I just hope the passion never fades, as it happens for a lot of traders sadly.
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