What is your long term goal? | Forex Factory

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What is your long term goal?

  • Poll

  • What is your long term trading goal?
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  • #1
  • First Post: Apr 1, 2006 12:24am Apr 1, 2006 12:24am
Seriously... will you stop trading at a certain point?

The point of me posting this should pose a serious thought process in those who have not thought it through...

am i trading to win? or to make money?

What will I do with it when I am successful?

Do I believe in myself that over the years I can make millions?

Do I even want to be doing this 10 years frow now?

Good luck and good trading

"all the free help in the world is available here on FF"
I keep a close watch on this chart of mine...
  • #2
  • Apr 2, 2006 3:49am Apr 2, 2006 3:49am

It wouldn't make any sense to me to stop trading. There is nothing in the world that you can do with your money that will make you a better return.

That is of course if you are a good trader. However, if you are discussing the idea of a successful trader calling it quits...it just makes no sense.

Not that your question makes no sense, but quitting makes no sense.

  • #3
  • Edited 1:00pm Apr 2, 2006 4:24am | Edited 1:00pm
The long term goal is to make alot of money. Else I wouldnt spend most of my spare time studying Forex. Luckily I find learning about Forex to be fun too. So can it become better? Having fun and trying to become a millionaire at the same time

Also I would like to thank especielly Mr Vegas. I feel blessed that I, just a month after I started to learn about Forex, discovered this forum and his documents. It feels like im taking a shortcut where others have spent years to come up with models that barely make a profit. I get a great model for free right at the very beginning of my career.
  • #4
  • Apr 2, 2006 8:53am Apr 2, 2006 8:53am
Quoting ManInBlack
Seriously... will you stop trading at a certain point?

The point of me posting this should pose a serious thought process in those who have not thought it through...

am i trading to win? or to make money?

What will I do with it when I am successful?

Do I believe in myself that over the years I can make millions?

Do I even want to be doing this 10 years frow now?

Good luck and good trading

"all the free help in the world is available here on FF"
You have a lot of ambition. I admire you for it. Also, I have been reading your posts and it seems to me you are extremely intelligent. So when you ask a question like this I would be wise to pay attention and think about my answer.

For me I have trouble setting a dollar amount goal for income. That to me seems too abstract. I set my grand goals based on the path I want my life to take and the standard of living I want.

From that point I establish sub-goals that are more specific that are geared to achieving the grand life style goals.

I mean without companionship, health and a certain degree of satisfaction with ones life, the wealthiest person on earth is a pauper.

SMJ
  • #5
  • Apr 2, 2006 10:10am Apr 2, 2006 10:10am
At first i thought this might be an April Fools induced Poll/Qestion. I didn't see my Question up there:

Do you enjoy trading and want to do it as a Career?

My answer would have been yes. In my mind, all this education and demo-trading is part of my Ph.D.-In-FX-Trading. My wife and I both have the same long term goal: To be trading from our laptops inside/outside our Recreational Vehicle via wi-fi network to the satellite dish on the RV rooftop...enjoying the scenery.

Neither of us even have "retireing" from currency trading in mind. It keeps the mind active, and with the income it generates should allow us to keep our body/souls in good health.

:-)
  • #6
  • Apr 2, 2006 1:40pm Apr 2, 2006 1:40pm
Quoting accrete
At first i thought this might be an April Fools induced Poll/Qestion. I didn't see my Question up there:

Do you enjoy trading and want to do it as a Career?

My answer would have been yes. In my mind, all this education and demo-trading is part of my Ph.D.-In-FX-Trading. My wife and I both have the same long term goal: To be trading from our laptops inside/outside our Recreational Vehicle via wi-fi network to the satellite dish on the RV rooftop...enjoying the scenery.

Neither of us even have "retireing" from currency trading in mind. It keeps the mind active, and with the income it generates should allow us to keep our body/souls in good health.

:-)
this is great. when trading gets real fun is when this happens, and it can.
i will just add one thing to it. trading is fun when/if you can build an account to a point where one good trade a week/month makes you more than you ever made at a "job" in a year. slow and steady with this goal in mind. so what if it takes x years to get there.
  • #7
  • Apr 2, 2006 2:28pm Apr 2, 2006 2:28pm
Hello,

My long term goal is to trade for a career and help other get to where I am.

I fell in love with forex during HighSchool years and now I am to major in in Finance and Economics.

I also hope that the major will help me some with trading. Trading for a firm would also be great.

In case trading as a career would not work out, I will always have my finance/economics major to rely on to get a normal job.

-Alex
  • #8
  • Last Post: Apr 2, 2006 9:50pm Apr 2, 2006 9:50pm
Well, for me i guess tradding opens up a new opportunity to make dollar multiply, even though i might not be going full. It is a great skill to have when i have retired, as tradding needs alot of time to master it.

Also, some of my forex books i have i did not fork out from my wages at all. itz all from the profits i made in forex tradding.

Anyway i take up forex as my new hobby. a hobby that can make $$$ why not learn it, rather then staying @ home watching tv all day.
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