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Is anyone here earning a living, just with forex trading?

  • #81
  • Apr 11, 2011 3:59am Apr 11, 2011 3:59am
Quoting Custos
haha, obviously nobody is happy with being in that category. You gotta walk the extra mile to switch over to the other category. Will take lots of thinking, sacrifice and time.
I'm walking.......
  • #82
  • Apr 11, 2011 5:21am Apr 11, 2011 5:21am
Quoting Custos
haha, obviously nobody is happy with being in that category. You gotta walk the extra mile to switch over to the other category. Will take lots of thinking, sacrifice and time.
Yeap......But I think you forget Money.....
  • #83
  • Apr 11, 2011 7:42am Apr 11, 2011 7:42am
Quoting Paris13
Custos,
Very true indeed and very good advise as well.
Mentally it is very hard for people to grasp the understanding that a loss is part of a sucessful trading method. The most important part of that method has to be the money management process.

I am fotunate to have a methology in place that both in system and M/M allows me a buffer for loss and a better than averagr % for my win.

My sucess in not measured by each trade but rather by my weeks end total and a strong degree of M/M.

I will not make a million dollars tomorrow...but I do trade...

well said mate. Been doing well in trades but pretty sure not going to make my millions anytime soon. At least i dont have to rush off to work and have all my bills paid off.
  • #84
  • Apr 12, 2011 11:24am Apr 12, 2011 11:24am
I first started trading when I was 16 (that was 5 years ago). At that time I was just like a little kid in front of a candy store - watching all the little digits and lights flashing and all the charts go up and down I wanted to buy/sell everything. One year and about 10 demo accounts later I've managed to determine a somewhat good trading system... And I went live. I used all of my personal savings till that moment. In three months I went bust. Why...? Because couldn't help watching a losing position so I opened bigger ones to cover the previous bad trades, and I just lost everything (very demotivating at that time by the way). I then said to myself "guess I'm just not cut out for this"... so i stopped trading for a year. Little by little I started trading again and after a dozen of profitable demo accounts i started live once more again with more money than I was ready to lose. Guess what... I did it again again I fried the account and told myself that forex is not my thing. But there was a constant feeling of failure scratching me from the inside along with a growing urge to trade (It just didn't feel right when I was away from the platform). Ever since 2009 all I've been doing is read, study, trade and learn. I've put all of my time and efforts in becoming better. 3 months ago i felt i was ready. I went live and I've managed to make nearly 120% profit for the time trading a real account ( https://account.forex4you.com/en/sta...21401917ef9099 ).
The bottom line, Sam,is that you have to follow the voice of your heart... and when you hear what it is telling you, ignore all the circumstances surrounding you, putting you down, and just keep pushing.

Best regards
Kristian Hristov
A person is smart. People are dumb.
  • #85
  • Apr 12, 2011 12:21pm Apr 12, 2011 12:21pm
Quoting krisko1989
I first started trading when I was 16 (that was 5 years ago). At that time I was just like a little kid in front of a candy store - watching all the little digits and lights flashing and all the charts go up and down I wanted to buy/sell everything. One year and about 10 demo accounts later I've managed to determine a somewhat good trading system... And I went live. I used all of my personal savings till that moment. In three months I went bust. Why...? Because couldn't help watching a losing position so I opened bigger ones to cover the previous...
young & wise huh?
  • #86
  • Apr 13, 2011 3:11am Apr 13, 2011 3:11am
Quoting jasfx
young & wise huh?
A wiseguy wannabe actually.. Till reality kicked in.
A person is smart. People are dumb.
  • #87
  • Apr 13, 2011 5:29am Apr 13, 2011 5:29am
Quoting krisko1989
A wiseguy wannabe actually.. Till reality kicked in.
well I'm more than a decade older than you - and still need to be patient to get where I want to be - never give up, never surrender!!!!
  • #88
  • Apr 13, 2011 1:10pm Apr 13, 2011 1:10pm
true!
A person is smart. People are dumb.
  • #89
  • Apr 14, 2011 5:16am Apr 14, 2011 5:16am
as with todays session!!!
  • #90
  • Apr 15, 2011 9:52am Apr 15, 2011 9:52am
i totally get what you mean.. i have that small feeling in my heart too
too bad i am a bit older than you so you have advantages of early start
i will need to work harder..




Quoting krisko1989
I first started trading when I was 16 (that was 5 years ago). At that time I was just like a little kid in front of a candy store - watching all the little digits and lights flashing and all the charts go up and down I wanted to buy/sell everything. One year and about 10 demo accounts later I've managed to determine a somewhat good trading system... And I went live. I used all of my personal savings till that moment. In three months I went bust. Why...? Because couldn't help watching a losing position so I opened bigger ones to cover the previous...
  • #91
  • Apr 15, 2011 8:50pm Apr 15, 2011 8:50pm
Quoting sam1741
hi all...

I mean, average Joe just like me, who put aside some money and start trading, can we earn a living from trading forex?

Not the big institutes and rich one who have billions in their capital


Is just that after a year and 3 months learning, and demo on forex, i started to doubt i can make any money from it.

I have several demo account, the best one have some earning from the initial deposit, but what confusing to me is..

- if i follow any system, i will lose money
- if i i follow any sets of indicators, i will lose money
-...
Hey, you can make money from it. Don't let time determine whether you can or cannot. I don't know what you count as an average joe but i know people personally that are well off from forex. 1 year 2 months is still a little premature.

You know what you should do, stick to one system for now.. even if you lose it might be a bad day for that system and if its constantly losing then switch systems.

one of my best friends brother was a IB or a trader for the leading provider for banking, insurance, etc. in australia. (we have some of the most powerful banks in the world believe it or not because it is so strict here). He was making a ton of money from bonuses and i mean alot! he could never trade at home by himself. but he would laugh at everyone else that tried.

now another friend of mine, her dad makes so much more than this guy, u can tell by the size of his property and everything inside it. He never told anyone he traded forex until one day she had something at her house which we all went and got drunk (typical teenagers) and someone was so drunk and said to him.. "can i ask you a question?" he said what is it? then the drunk guy says "how did you become like this? This successful?" He said "i used to own a company, and now i trade the foreign exchange.. i make as much as i used to make while working".

Do your research, plan it like a business.. then you are ready

p.s i cant be bothered writing the full story to what i originally wanted to say... but if you need hope just ask, i can tell you so much about what u need to know
  • #92
  • Apr 16, 2011 3:46am Apr 16, 2011 3:46am
Quoting ishii1
Hey, you can make money from it. Don't let time determine whether you can or cannot. I don't know what you count as an average joe but i know people personally that are well off from forex. 1 year 2 months is still a little premature.

You know what you should do, stick to one system for now.. even if you lose it might be a bad day for that system and if its constantly losing then switch systems.

one of my best friends brother was a IB or a trader for the leading provider for banking, insurance, etc. in australia. (we have some of the most powerful...
Very very nice post ishii1, thanks
  • #93
  • Apr 16, 2011 12:17pm Apr 16, 2011 12:17pm
looks like nobody that posted so far
  • #94
  • Apr 18, 2011 4:03am Apr 18, 2011 4:03am
Quoting ishii1
Hey, you can make money from it. Don't let time determine whether you can or cannot. I don't know what you count as an average joe but i know people personally that are well off from forex. 1 year 2 months is still a little premature.

You know what you should do, stick to one system for now.. even if you lose it might be a bad day for that system and if its constantly losing then switch systems.

one of my best friends brother was a IB or a trader for the leading provider for banking, insurance, etc. in australia. (we have some of the most powerful...
I'm definitely working on this story for myself....
  • #95
  • Apr 19, 2011 4:34am Apr 19, 2011 4:34am
another 2 weeks + since i posted this
another 2 weeks time wasted
i still going no where...
sigh

i not like to waste time
  • #96
  • Apr 19, 2011 6:08am Apr 19, 2011 6:08am
Quoting sam1741
another 2 weeks + since i posted this
another 2 weeks time wasted
i still going no where...
sigh

i not like to waste time
Are you saying everyone that has responded to your thread is wasting your time?


Odd I thought most were trying to help you.
  • #97
  • Apr 19, 2011 8:31am Apr 19, 2011 8:31am
Quoting sam1741
another 2 weeks + since i posted this
another 2 weeks time wasted
i still going no where...
sigh

i not like to waste time

I did send you an email..which I never hardly do

P
  • #98
  • Apr 19, 2011 9:43am Apr 19, 2011 9:43am
I think Sam is voicing fustration about himself and not about the help and advice we've been posting here, don't you agree Sam?
  • #99
  • Apr 20, 2011 5:57am Apr 20, 2011 5:57am
Quoting sam1741
another 2 weeks + since i posted this
another 2 weeks time wasted
i still going no where...
sigh

i not like to waste time
The time that you have spent over the last two weeks learning from others on this forum have not been wasted. If you look back I'm sure that you have learned a few things. I've been told that learning to trade successfully is like like learning any profession. It takes a lot of time to learn the skills and be able to use them in a way that suits you and your psychology as a trader. A method that works for someone else might not work for you due to differences in how you approach trading. There are no quick fixes or shortcuts and it may take years to put the pieces together in a way that will be profitable for you. You must be determined if you are to succeed. This is what makes the difference between the winners and losers.
  • #100
  • Apr 20, 2011 6:53am Apr 20, 2011 6:53am
i just told you that i know someone personally that makes a ton of money with forex, isn't that what you wanted to hear?

the chances are people that are on this website are searching for the same thing you are.
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