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Do people actually make a living off of trading? 38 replies

Living in China, trading for a living 18 replies

Are there any full-time traders that are living off the FOREX profits? 81 replies

Trading for a living do you write off certain months ? 2 replies

is it a game or job?anyone makes his living by forex? 16 replies

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Living Off Fx

  • #181
  • Oct 15, 2015 4:29am Oct 15, 2015 4:29am
1) If you can, all time included from now to the end of entropy when the universe is done contracting and its time for the next big bang: Dont know, i have thus far not accesed information i deem enough to make an educated guess.

2) If some people can some of the time: Yes

3) If very few people can most of the time: Probably.

4) If some people can who mostly listen to other people and dont actually study and really crunch the numbers themselves: No.
My signature is: "Classified".
  • #182
  • Oct 15, 2015 4:43am Oct 15, 2015 4:43am
I don't get it

10 pages of discussion about making a living from Forex

and not a single post from Mingary...



Come with me if you want to live....
  • #183
  • Oct 16, 2015 12:52pm Oct 16, 2015 12:52pm
Yes, one probably can make a living off Forex but it will take quite a while to learn to do that.
  • #184
  • Oct 17, 2015 3:10am Oct 17, 2015 3:10am
Quoting Ill-b-back
10 pages of discussion about making a living from Forex and not a single post from Mingary...
Truly disturbing.
k
  • #185
  • Oct 17, 2015 6:59am Oct 17, 2015 6:59am
Quoting Ill-b-back
I don't get it 10 pages of discussion about making a living from Forex and not a single post from Mingary...
The end is nigh.
  • #186
  • Oct 17, 2015 11:56am Oct 17, 2015 11:56am
Quoting kprsa
{quote} The end is nigh.
If you are good at something, never do it for free--Joker
  • #187
  • Oct 20, 2015 7:12am Oct 20, 2015 7:12am
It's a question of percentages and being realistic. Forex provides opportunity for steady income, but it comes from a mix of winning and losing trades coupled with something that most people can't take - the fact that a fixed amount of effort won't always result in a fixed reward or profit.

Switching your mind to accept this fact about forex is one of the keys that has made a huge difference for me.
  • #188
  • Oct 20, 2015 8:58am Oct 20, 2015 8:58am
Quoting timestamp
It's a question of percentages and being realistic. Forex provides opportunity for steady income, but it comes from a mix of winning and losing trades coupled with something that most people can't take - the fact that a fixed amount of effort won't always result in a fixed reward or profit. Switching your mind to accept this fact about forex is one of the keys that has made a huge difference for me.
wise
  • #189
  • Oct 21, 2015 4:52pm Oct 21, 2015 4:52pm
Quoting corell
Hello Can i get some feedback, can one really make a living off of FX???? Thanks
Yes - I do!
Everything is possible as long you are willing to work your ass off 14h a day.
MY SITTING, NEVER MY THINKING!
  • #190
  • Oct 22, 2015 12:57am Oct 22, 2015 12:57am
Yes.

Been at it for about 2 years now. From my experience you can make a living off of fx.

But you got to make you sure you've got a viable system and a good deal of screen time/experience.
And last but not least you'll need to figure out your edge and work on that. You can't be good at every other pair and every other session ;-)
...
  • #191
  • Oct 22, 2015 3:23am Oct 22, 2015 3:23am
Quoting Ill-b-back
I don't get it 10 pages of discussion about making a living from Forex and not a single post from Mingary...
What if he discovered the HOLY GRAIL in forex?
Forex is a losers game.
  • #192
  • Oct 22, 2015 5:33am Oct 22, 2015 5:33am
Quoting trader121
{quote} What if he discovered the HOLY GRAIL in forex?
I think he has
Come with me if you want to live....
  • #193
  • May 4, 2016 9:10am May 4, 2016 9:10am
my 2 cents.. i began my journey more than 5 years ago. blew some accts, studied a lot, within 2 years of HARD work and mistakes i became profitable.
now, there's a lot of difference between becoming profitable and becoming consistent.
how can you have a consistent profit out of a market wich is inconsistent?

Well, i can assure you that becoming profitable in trading is hard, but being consistent.... being consistent in trading is the most difficult task to achieve, you must find the right balance between floating drawdown, stoploss and anxiety, the more you will succeed in managing these three factors the more you will become consistent.

there is no holy graal in trading, truth is you must find yourself, overcoming your ego is key.
also, you must be realistic and put hard earned money into your account you can't think of doubling your account every month... perhaps you can dream of a 100% annual return, if you're lucky.
  • #194
  • May 30, 2016 6:47pm May 30, 2016 6:47pm
Quoting TheRealThing
Can this forum handle some truth? Note: this is not a negative post. I've been trading for a living for many years. Using robust methods that have worked for decades, and I trust will continue for more decades. I've had good years and slow years, while very successful over the long haul, thought I better tell those who think that trading can replace their job have the better odds winning the Powerball. Really! There are hundreds more who have won big in the Powerball than actually earn their money from private trading. Thinking otherwise is denying...
Got some insights,
Thanks for sharing!

shunfengcn
The candle pattern is the signal, the inevitability behind it is the key.
  • #195
  • May 30, 2016 9:14pm May 30, 2016 9:14pm
Quoting Ill-b-back
I don't get it 10 pages of discussion about making a living from Forex and not a single post from Mingary...
He's a well known figure around here. Isn't he ?
...
  • #196
  • Dec 20, 2019 10:46am Dec 20, 2019 10:46am
Quoting TheRealThing
Can this forum handle some truth? Note: this is not a negative post. I've been trading for a living for many years. Using robust methods that have worked for decades, and I trust will continue for more decades. I've had good years and slow years, while very successful over the long haul, thought I better tell those who think that trading can replace their job have the better odds winning the Powerball. Really! There are hundreds more who have won big in the Powerball than actually earn their money from private trading. Thinking otherwise is denying...
Thanks for your post !!!
  • #197
  • Dec 24, 2019 8:56am Dec 24, 2019 8:56am
Quoting ForexCoach
I have traded full time for 4 years now and I agree with TRT....... REALITY must be a part of your trading strategy! Most who have not yet made it to a full time trader status trade based on possibilities, as apposed to good ole' fashioned disciplined techniques. They want so badly to become a successful trader that they are disillusioned by their dream. That pshychological factor within itself is enough to cause any trader to make bad trades. The only reality of that will be the margin call (or two) that will once again snap them back into reality...

THIS IS THE REALITY !! trading IS SIMPLE, the only stupid asshole that overthink and overcomplicate everything and gets burned in the process its the trader !! period !!!

Almost everyone doesnt even know why they chose the kind of chart they are using in the first place, they dont even know what kind of data they are "reading" and of course, based on that, they want a magic indicator that can tell them "buy here, close here and never miss" stupid noob mentality, thats why the struggle forever in this game

I sound like a parrot sometimes but i cant stop saying the same thing: learn to read OHLC, wait for the signal and thats it !! you are going to end positive a huge % of the time, guarantee.. all the extra bullshit its just in the middle its going to work AGAINST you
  • #198
  • Jan 2, 2020 7:48am Jan 2, 2020 7:48am
Quoting trader121
{quote} What if he discovered the HOLY GRAIL in forex?
There is nothing like Holy Grail in Forex; it’s all about practice & knowing about trading chart!
  • #199
  • Apr 16, 2020 11:11pm Apr 16, 2020 11:11pm
Quoting havo
{quote} THIS IS THE REALITY !! trading IS SIMPLE, the only stupid asshole that overthink and overcomplicate everything and gets burned in the process its the trader !! period !!! Almost everyone doesnt even know why they chose the kind of chart they are using in the first place, they dont even know what kind of data they are "reading" and of course, based on that, they want a magic indicator that can tell them "buy here, close here and never miss" stupid noob mentality, thats why the struggle forever in this game I sound like[/highlight]...
I would love to hear your strategy. I'm always open to hear others ideas.
  • #200
  • Apr 17, 2020 7:02am Apr 17, 2020 7:02am
Quoting GeorgeBaile
{quote} There is nothing like Holy Grail in Forex; it’s all about practice & knowing about trading chart!
I totally agree with you. Its your hard work which produces results.
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