Is it a happy life ahead? | Page 4 | Forex Factory

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Is it a happy life ahead?

  • #61
  • Sep 3, 2012 11:01pm Sep 3, 2012 11:01pm
Quoting Ifmyante
One thing to be aware of from the beginning - This is not going to be a quick journey to riches.

If your loved ones are not prepared to have you stuck to your screen day and night for a couple of years, learning how to read the market and master your emotions, it will be a very hard time for you in your personal life.

It will be very hard to progress without the support of those you ultimately wish to support.

So please, let them know this will take lots of time and dedication, and respect their thoughts and feelings on the matter
I need to master my emotions.
Staring at the monitors day and night will drive me crazy.
Or, I'll find a way to read markets at a glance once or twice a day.
  • #62
  • Sep 3, 2012 11:06pm Sep 3, 2012 11:06pm
Quoting XTrade
Pipfarming - don't take this the wrong way but it would seem by you trading appx 20 pairs and being an absolute newbie as you had said I can deduce the following.

A. You know next to nothing about 95% of the pairs you are trading.
B. You are looking at FOREX Trading as a betting game or a casino which it is not.

Learn the majors. One or two to start. If you live in a country where there is an exotic traded and you know the USD then maybe you can demo that.

Jut my two extra cents.

You did also say that you agreed a newbie trading 20 + pairs...
Thank you for your advice.
I only traded 4 pairs on my live account.
I played around on my demo account to learn about the platforms.
  • #63
  • Sep 3, 2012 11:09pm Sep 3, 2012 11:09pm
Quoting Turveyd
It's tough you've likely got many more years ahead of you, but IF you can crack it then the wealth is potentially unlimited.

Easiest thing to trade currently is the DAX ( GER30 ), very trendy.
Not so sure about DAX.
I am only comfortable trading currencies now.
  • #64
  • Sep 3, 2012 11:13pm Sep 3, 2012 11:13pm
Quoting Mrs M
I find that my trading is at its best when it's dull and mechanical. If things get "exciting" - chances are that I'm not following my rules properly, or I've been staking too high. If you want a thrill-a-minute job, then I'd advise looking elsewhere!
Thank you for your comment.
I don't want excitement in my pip farm.
  • #65
  • Sep 3, 2012 11:19pm Sep 3, 2012 11:19pm
I got a demo account from forex.com

Selling EUR at 1.26159

Hope I'll harvest some demo pips before Friday.

I'll start live trading in October if I am successful on my demo account.
  • #66
  • Sep 3, 2012 11:25pm Sep 3, 2012 11:25pm
Quoting pipfarming
Hi everyone, greetings from me - a brand new newbie.

I have been playing on my demo account for few months now, had opened my first live account for 2 weeks. I am looking forward to become a professional trader slowly (hope not painfully).

Can anybody shed some lights on the life of a professional trader for me?
Is it a happy life?
Sad life?
Chaotic life in which you are on the top of the world one day but only to become suicidal the next day?
Trading fun depends on who you are. If like staying alone, or researching in darkness, programming in basement, or else then you will find this home.

Say you like partying, romantisizing or whatever; man/woman, either you will loose the girl/guy or the investment. But when you managed them both somehow, you'll lose your piece of mind.

But then again 'Your choices make you who you are".
  • #67
  • Sep 4, 2012 4:30am Sep 4, 2012 4:30am
Sell GBP at 1.58929 on demo account.
Holding short position of EUR, lovely green demo pips growing.
  • #68
  • Sep 4, 2012 4:35am Sep 4, 2012 4:35am
Quoting paisakiller
Trading fun depends on who you are. If like staying alone, or researching in darkness, programming in basement, or else then you will find this home.

Say you like partying, romantisizing or whatever; man/woman, either you will loose the girl/guy or the investment. But when you managed them both somehow, you'll lose your piece of mind.

But then again 'Your choices make you who you are".
I admire lonely programmer in dark basement.
  • #69
  • Sep 4, 2012 1:14pm Sep 4, 2012 1:14pm
Close short position of EUR at 1.2560
Pips harvested.

Holding GBP short position
Pips growing

Open long position of NZD at 0.79333
  • #70
  • Sep 4, 2012 4:20pm Sep 4, 2012 4:20pm
Quoting pipfarming
Close short position of EUR at 1.2560
Pips harvested.

Holding GBP short position
Pips growing

Open long position of NZD at 0.79333
Closed NZD long position @ 0.79388 tiny pips harvested.
Still holding GBP short position, green pips growing
  • #71
  • Sep 5, 2012 5:55pm Sep 5, 2012 5:55pm
Open EUR short position @1.25967
Still holding GBP short position, red pips now, should have harvested when they were green yesterday.
  • #72
  • Oct 28, 2012 5:30pm Oct 28, 2012 5:30pm
Haven't updated for a while.

During the absence, I had a long holiday, visited few places, forgot about my trading for a couple of weeks, went back to trading, won some peanuts, lost some peanuts.

All in all, I am back to my usual job and my trading. My trading account is still healthy, I found my Holy Grail without blowing up my first account!

I am going to stick to my Holy Grail for 3 years before increasing lots.

I am going to be the first (or one of the firsts) trader who doesn't blow up accounts!
  • #73
  • Oct 29, 2012 5:39am Oct 29, 2012 5:39am
Quoting pipfarming

During the absence, I had a long holiday, visited few places, forgot about my trading for a couple of weeks, went back to trading, won some peanuts, lost some peanuts.
That's a good thing, I am glad you have had such a good vacation, because a lot of traders getting used to stress and can't relax. That's bad, because after some time you're tired and loosing a grip.
  • #74
  • Oct 29, 2012 5:08pm Oct 29, 2012 5:08pm
Quoting meng88
That's a good thing, I am glad you have had such a good vacation, because a lot of traders getting used to stress and can't relax. That's bad, because after some time you're tired and loosing a grip.
Yeah, trading can be stressful in times, especially since I am newbie, I don't have much experience of losing in my life.

But, I had fun most of the times. I am very careful to protect my account, because I don't think I can handle the emotional side effects of losing it.
  • #75
  • Oct 29, 2012 10:43pm Oct 29, 2012 10:43pm
Call me radical.
I think all these chart talking on the forum doesn't make sense.

Any formation, it can go up or down.
Give a name, or a dozen of names to a particular chart formation.
All these names won't help.
I think there is no way one can tell how the market would go by staring at a chart.

Any thoughts on this observation?

I am only trading on my risk management skills.
  • #76
  • Oct 29, 2012 10:55pm Oct 29, 2012 10:55pm
Quoting pipfarming
Give a name, or a dozen of names to a particular chart formation.
All these names won't help.
I think there is no way one can tell how the market would go by staring at a chart.
I have sometimes such thoughts. At specially after reading some articles and looking at the different figures on the charts. Sometimes it looks like the classic case from the book, but another news, and by now that is another case))) The thing is, we can't actually predict the market. We can use analysis, but it is still quite in the air...
  • #77
  • Oct 30, 2012 3:29am Oct 30, 2012 3:29am
Quoting pipfarming
Hi everyone, greetings from me - a brand new newbie.

I have been playing on my demo account for few months now, had opened my first live account for 2 weeks. I am looking forward to become a professional trader slowly (hope not painfully).

Can anybody shed some lights on the life of a professional trader for me?
Is it a happy life?
Sad life?
Chaotic life in which you are on the top of the world one day but only to become suicidal the next day?

I think that it is a happy life mostly, as you can plan your work and your day by yourself, and you don't need prior experience. so you can work for yourself
  • #78
  • Oct 30, 2012 5:23pm Oct 30, 2012 5:23pm
Quoting meng88
I have sometimes such thoughts. At specially after reading some articles and looking at the different figures on the charts. Sometimes it looks like the classic case from the book, but another news, and by now that is another case))) The thing is, we can't actually predict the market. We can use analysis, but it is still quite in the air...
Yeah, I think no one can see what the market is going from staring at a chart, everyone can yap about a previous formation.
  • #79
  • Oct 30, 2012 5:24pm Oct 30, 2012 5:24pm
Quoting jourgenj
I think that it is a happy life mostly, as you can plan your work and your day by yourself, and you don't need prior experience. so you can work for yourself
That's great, thank you for your input.

I still have my regular job. Looking forward to a happy life like yours!
  • #80
  • Oct 30, 2012 7:53pm Oct 30, 2012 7:53pm
Quoting pipfarming

Can anybody shed some lights on the life of a professional trader for me?
Is it a happy life?
Sad life?
Chaotic life in which you are on the top of the world one day but only to become suicidal the next day?
all depends if you can actually become consistent or not...
The best indicator is price.
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