DislikedThis is a question for seasoned FX veterans or those with at least a few years of live trading experience:
After nearly 6 months of demo and live trading it seems to me that the key to creating monetary wealth from FX is consistency. I.e. if you can consistently be profitable and pull in the pips week in week out, then what stops you gradually increasing your lot sizes? This in turn should mean that it is possible to build a small fortune in only a few years.
Or am I missing something here? Are there some barriers to riches I am not aware of? Let's assume the trader keeps his emotions under control, executes a trading plan consistently. What could prevent this trader from becoming rich?
I guess, the answer I am hoping is nothing will stop you in that case
Thanks in advance!Ignored
6 months on this and you already did money?
Do you use a method of the ones posted in this forum or do you trade on news? Or maybe it was just luck?
Just asking, cause i have been the same time as you in this, and I had no success. Of course im only trading on demo. None of the systems i tried so far worked.
Any advices would be appreciated.
Why do we fall?
"So we can learn to pick ourselves up."