Trading as a job?

Anyone here think trading is a job ? I mean we can earn money for living. And what is the requirement to live with this job ?

Sorry my bad english.

Some people here do live of trading or it is and addition to their income. I suggest you search the forum, there has been many threads about this topic already.

good luck

I took part in a contest out of interest to see what is possible when you don't give a monkeys win or lose and you play for amounts that would make most traders wince.

Results so far look like this

http://www.dukascopy.com/traderconte...trader=Fraqtal

I think that most traders that are taught that a 2% risk is right is because most trading strategies are basically flawed in as far as they are as often wrong as they are right. I think we may all be living under the mistaken idea of trading and that is that we accept such poor systems. If you had an 80% winning strategy why trade with such a small risk on each trade?

I'm quitting my full time job to trade full time, I'm finishing this project off at the end of June then I'm gone. Since I work mon - fri 8am - 5pm GMT, I miss the major daily moves, and am forced to trade before and after work, which isn't the best.

I did a search but can not found any thread, can you please sugguest threads ?
Thank you.

I was Let off from my accountant job due to the economic recession, And i Had no other choice but to Trade for a living after 4 months of Unsuccessful Job hunting i gave up and focus entirely on trading not just Forex but stocks. Now if i was offered my old job back i wouldn't return. I make on some weeks just as or More than i made and i have more free time and More importantly job security. I now am Trying to get a Group of like minded people from my city together to discuss trade ideas and findings because this Can be a VERY lonely job at times. So i would say be laid off was the best thing to happen to me.

That question just shows how inexperienced you are. Why risk only 2%?

Because even if you have a 80% winning system, the 20% of losers can and will come at any time and all in row. Out of a 100 trades that would be 20 losing trades in a row. Lets say you were risking just 5% 5x20, bam 100% account gone. (Even when that doesn't happen how are you going to cope when you lose 2-4 trades in a row and 10-20% of your account is already gone with so few trades?)

Let's make it even worse, you think you are really slick so you risk 10% per trade. (Which is what someone who says something like you did will probably do) Bam 10 trades dead account. 2 in row 20% gone 3in row 30% gone ect.

And yes that can and does happen even with a good system, because not only does a good system lose, when you add trader error/mistakes in and the odd event like a news spike you didn't see coming, that all snow balls.

Overleveraging = #1 killer of traders accounts.

For kotlt (original poster),

READ THIS POST FIRST-
http://www.forexfactory.com/showthre...799#post205799

then you can start with these two threads-

Living Off FX
http://www.forexfactory.com/showthread.php?t=3474

Trading for a Living - Cliff Notes
http://www.forexfactory.com/showthread.php?t=178922


Honestly, the best you can do is to start small.

Organize your life (and work) so that you have some time to trade seriously part-time.
If after 6 months or a year you can find some consistency, then you can grow your balance or add to it.

Dismiss the notion that you can take $5000 and start making a living from it within the first 6 months.

If you are an experienced trader in different markets,
(not someone who has dabbled in stocks and made some money)
and have faced the psychological pitfalls of actually having trading as your ONLY income...
then your learning curve may be accelerated.

Forex is a very different market than stocks, options, or futures. It has different characteristics and nuances which must be learned to manage risk properly. It may take months (or years) just to develop your edge.
Finally, when you do have an 'edge', you have to continuously adapt to changing market conditions.

Good Luck!

Hi kotlt! Have to admit- I've been there: Trading can easily turn into a full-time job. However, based on experience: it is not that simple, and though it is great and important to be ambitious about it, I think the best route for a beginner is to treat trading as a means of gaining an EXTRA income to his current incomes. Many beginners start off trading with the ambitious intention to become millionaires within just few month of trading, quickly find out that it is almost impossible and ditch the trading experience. However, a beginner trader who starts trading calmly: trading while trying to have fun along the way, increases his chances to become a professional trader, since he reduces the high pressures right from the beginning.
Good Luck and Hope you are successful