How old are you, trader? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

You know you're over confident as a trader when..... 11 replies

What Kind Of Trader You are & Which Trading Style Suit's You? 0 replies

Are you sure you're a Day Trader? 21 replies

How old are you, trader?

  • Poll

  • How old are you, trader?
  •  
  •  
  •  
  •  
  •  
  •  
  • #1
  • First Post: Nov 29, 2011 4:16am Nov 29, 2011 4:16am
I was sitting with my friend in front of opened FF homepage, and he told me that only around 20 year-old traders visiting, posting and communicate on the forums. I strongly disagree with his opinion and want to find out who is right!

Kevin
  • #2
  • Nov 29, 2011 4:44am Nov 29, 2011 4:44am
Well, for the time being it seems he is right, but I don't think the final result will be more than 30% of users below 30 years old... We will see
  • #3
  • Nov 29, 2011 4:59am Nov 29, 2011 4:59am
Quoting notrobenom
Well, for the time being it seems he is right, but I don't think the final result will be more than 30% of users below 30 years old... We will see
Thanks for reply.

We bet with him

Kevin
  • #4
  • Nov 29, 2011 5:05am Nov 29, 2011 5:05am
Can't vote, but 32.
  • #5
  • Nov 29, 2011 5:05am Nov 29, 2011 5:05am
Oh, to be 20 again. If there is one thing I can say, with hand on heart, is that I thank the lawd that I didn't discover forex when I was 20. Go and travel, go and see the world, go and party, go and enjoy yourselves. Soooooo many more fulfilling things to do at that age than trade forex. Just my opinion of course. Others will obviously disagree.
Nothing worth having is easy.
  • #6
  • Nov 29, 2011 5:54am Nov 29, 2011 5:54am
Quoting Patience
Oh, to be 20 again. If there is one thing I can say, with hand on heart, is that I thank the lawd that I didn't discover forex when I was 20. Go and travel, go and see the world, go and party, go and enjoy yourselves. Soooooo many more fulfilling things to do at that age than trade forex. Just my opinion of course. Others will obviously disagree.


Sounds, like you are talking about family.

How old were you when you started trading?

Kevin
  • #7
  • Nov 29, 2011 6:35am Nov 29, 2011 6:35am
Quoting Kvn


Sounds, like you are talking about family.

How old were you when you started trading?

Kevin
Ha ha, funny you should say that because I've just realised that I sound like my mother. I still stand by what I say though

I was in my 30's and it wasn't possible to trade forex like you can today when I was 20 anyway. My interest in forex started in 2004 and, from memory, I don't think it was that widely known back then.
Nothing worth having is easy.
  • #8
  • Nov 29, 2011 6:54am Nov 29, 2011 6:54am
Quoting Patience
Ha ha, funny you should say that because I've just realised that I sound like my mother. I still stand by what I say though

I was in my 30's and it wasn't possible to trade forex like you can today when I was 20 anyway. My interest in forex started in 2004 and, from memory, I don't think it was that widely known back then.
Forex is popular today, however there are a lot of educated people who know nothing about. They only heard somewhere word "Forex".

Kevin
  • #9
  • Nov 29, 2011 8:32am Nov 29, 2011 8:32am
Quoting Kvn
Thanks for reply.

We bet with him

Kevin
I don't think that you will win as I'm also under 30.
  • #10
  • Nov 29, 2011 12:46pm Nov 29, 2011 12:46pm
Quoting Kvn
Forex is popular today, however there are a lot of educated people who know nothing about. They only heard somewhere word "Forex".

Kevin


couldnt agree more, i only knew abt forex's existence last year. wish i had found this thing when i was in high school. i could have prepared myself with as much knowledge needed to trade. now im 26, married, having newborn, wonder how many years its going to take me to get grip of the basics.
  • #11
  • Nov 29, 2011 1:36pm Nov 29, 2011 1:36pm
26
AVT INVENIAM VIAM AVT FACIAM
  • #12
  • Nov 29, 2011 1:40pm Nov 29, 2011 1:40pm
Quoting Patience
Oh, to be 20 again. If there is one thing I can say, with hand on heart, is that I thank the lawd that I didn't discover forex when I was 20. Go and travel, go and see the world, go and party, go and enjoy yourselves. Soooooo many more fulfilling things to do at that age than trade forex. Just my opinion of course. Others will obviously disagree.
All things that require money (generally lots). Hence FX
  • #13
  • Nov 29, 2011 1:56pm Nov 29, 2011 1:56pm
Bets looking in your favour!
Im 18 though
just started this month
  • #14
  • Nov 29, 2011 1:59pm Nov 29, 2011 1:59pm
I'm 22 now, and got into trading when I was 18 because I thought I would get rich quick. Took me about 2 years to start making profit, spent another year and a half or so making relatively small gains to my account (5% a month or so) and in the past few months have started to see much larger gains.

In response to previous posts, I don't think I've missed out at all on my youth. Since I've started trading I've traveled all over the United States, lived in Hawaii for some time, and partied probably too much. Like anyone who trades, my motivation is provided by the freedom trading can provide. Freedom to travel, party, and experience everything on my own dime. So far so good. I love trading and I'm so glad I started as young as I did.

I think you'll be surprised how many traders in their 20's are on this forum. Many intelligent young people are looking for a way out of 9-5 employment for 40 years. For some, trading is the answer

  • #15
  • Nov 29, 2011 2:27pm Nov 29, 2011 2:27pm
Quoting tlindle

I think you'll be surprised how many traders in their 20's are on this forum. Many intelligent young people are looking for a way out of 9-5 employment for 40 years. For some, trading is the answer

Totally agree 100%, i have just finished my final year of school, (so my friends have just started university) I initially looked at forex as i want to travel and it seemed a way i could produce the funds for me to travel, without the 9-5 job which i would hate.
Since ive started i begin to love it and am adamant i will become profitable trader one day, i believe it will be forex which will enable me to live my young life to the full!, not prevent it
  • #16
  • Nov 29, 2011 2:45pm Nov 29, 2011 2:45pm
Quoting smittens4212
All things that require money (generally lots). Hence FX
And to that Smittens4212, I'd have to say that you don't have much of an imagination

Obviously I'm not one of the superstars on this forum that rakes in all the dosh. Just plodding along.

But if I was to weigh up the time that I spent learning (and still learning) this game and had spent that time working a 1st, 2nd and 3rd job (which I did when I was younger), I would have been a lot further around the world working the three jobs than trying to trade my way to riches on a $5,000 account. Did you know my middle name was "keeping it real"?
Nothing worth having is easy.
  • #17
  • Nov 29, 2011 2:57pm Nov 29, 2011 2:57pm
At this time, I'm 38 years old.
  • #18
  • Dec 6, 2011 4:13am Dec 6, 2011 4:13am
If we divide results into two groups
they will be following:

age 0-30 - 56%
age 30+ - 44%

almost equal

Thank you, guys, for participating in the poll.

Kevin
  • #19
  • Dec 6, 2011 4:52am Dec 6, 2011 4:52am
It looks like the distribution of trader's age is following power law. The survival rate of traders in each group reduce by approximately 50% in every 10 years.

So the traders that survive in 30years are 50%^3 = 12.5%, which is coincidentally same with the myth that 90-95% of traders will not survive in trading arena.

Of course this is just my speculation. We still need more sample size for a better hypothesis.
  • #20
  • Dec 6, 2011 4:55am Dec 6, 2011 4:55am
14


baby!!


Have I got something on my face, SOLDIER?
0 traders viewing now