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Forex as a Future?

  • #141
  • May 15, 2016 6:01pm May 15, 2016 6:01pm
Quoting Rtm
{quote} gofuckyourself.com

Does that go for me too!!Lol..
  • #142
  • May 15, 2016 6:53pm May 15, 2016 6:53pm
80% of new business's fail in the 1st year 95% fail with in 5 years.

Sound familiar?

Maybe its better if we just all sit do nothing and live off welfare its the sure way not to loose.
20 Pips a day keeps centerlink away
  • #143
  • May 15, 2016 8:09pm May 15, 2016 8:09pm
Quoting GibsonL6
{quote} Does that go for me too!!Lol..
All im trying to say is you haven't really put into context what the real goal is here. Were you trying to make a living from a 10k account? Were you just trying to earn beer money? What was the plan for forex? ! ? Any business without purpose/plan WILL FAIL. No matter what it is. I just didn't see any specification of what the goal was or purpose to trading forex in this thread.
All posts are my personal opinion
  • #144
  • May 15, 2016 10:08pm May 15, 2016 10:08pm
Quoting Rtm
{quote} All im trying to say is you haven't really put into context what the real goal is here. Were you trying to make a living from a 10k account? Were you just trying to earn beer money? What was the plan for forex? ! ? Any business without purpose/plan WILL FAIL. No matter what it is. I just didn't see any specification of what the goal was or purpose to trading forex in this thread.
Like you said, why you need big amount trading for living?
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #145
  • May 15, 2016 11:15pm May 15, 2016 11:15pm
Quoting domba
{quote} Like you said, why you need big amount trading for living?
I don't know, what do you need $ returns for a living?
All posts are my personal opinion
  • #146
  • May 16, 2016 2:13am May 16, 2016 2:13am
If any retail trader thinks will receive a monthly salary for a living, by trading forex, are completely wrong.
And if a retail trader, tells you that he/she live from (trading) forex, she/he is lying.

For succeed in forex we need to have another way of income, or we will lose all the money quickly.
That is why some traders have another way of income to pay the monthly expenses.

A job
* Coaching
* Chat Rooms
* Signals
etc...

*The problem here is the scam people ...
  • #147
  • May 16, 2016 2:17am May 16, 2016 2:17am
Quoting MasterGuru
Sorry! Yes, it was Seahorse...
Sorry, I hope you accept my apologies.
  • #148
  • May 16, 2016 2:19am May 16, 2016 2:19am
Quoting seahorse
If any retail trader thinks will receive a monthly salary for a living, by trading forex, are completely wrong. And if a retail trader, tells you that he/she live from (trading) forex, she/he is lying. For succeed in forex we have to get another way of income, or we will lose all the money quickly. That is why some traders have another way of income to pay the monthly expenses. A job * Coaching * Chat Rooms * Signals etc... *The problem here is the scam people ...
This is completely false.

If you try and make an income from 10k you wont do it but 50k plus is no problem.
20 Pips a day keeps centerlink away
  • #149
  • May 16, 2016 2:23am May 16, 2016 2:23am
Quoting PaulDaemon
{quote} This is completely false. If you try and make an income from 10k you wont do it but 50k plus is no problem.
If you think so.
OK
  • #150
  • May 16, 2016 2:30am May 16, 2016 2:30am
my question to anyone who don't believe that living from trading is possible:

why the hell are you wasting your time trading?
why are you even here on FF?
go find a "real" job!
  • #151
  • May 16, 2016 2:36am May 16, 2016 2:36am
Quoting tunera
my question to anyone who don't believe that living from trading is possible: why the hell are you wasting your time trading? why are you even here on FF? go find a "real" job!
Read #Post 146 until you understand
  • #152
  • May 16, 2016 2:43am May 16, 2016 2:43am
Quoting seahorse
{quote} Read #Post 146 until you understand
oh, so you want to save us.. lol
  • #153
  • May 16, 2016 2:45am May 16, 2016 2:45am
Quoting tunera
{quote} oh, so you want to save us.. lol
?
  • #154
  • May 16, 2016 2:45am May 16, 2016 2:45am
Quoting tunera
{quote} oh, so you want to save us.. lol
Inserted Video
20 Pips a day keeps centerlink away
  • #155
  • Edited 2:59am May 16, 2016 2:45am | Edited 2:59am
Quoting tunera
it's just a market that can either go up or down, only 2 directions, it is very simple
IMHO that's what also makes it so difficult. You could equally say "it's easy to predict the result of a coin toss, since there are only two possible outcomes". The issue is not merely the number of possible outcomes, it's how randomly those outcomes (uptick, downtick) are distributed.
Quoting gravitist
No, tarrini, you lost because forex is a rigged game.
Randomness is the enemy. If manipulation creates non-random patterns, find out what these patterns are, and exploit them. However, if by "rigged" you mean that your br0ker is targeting you specifically with cheat tactics (delayed quotes, slippage, widening spreads to deliberately hit your SL, etc), then sure, that's a game you can't possibly win.
  • #156
  • May 16, 2016 2:51am May 16, 2016 2:51am
Quoting PaulDaemon
{quote} https://www.youtube.com/watch?v=mSTnLi4NUr0
Of course if you live in your parents' house and they pay everything, even with demo you can live, by trading forex.
Grow up.
  • #157
  • May 16, 2016 2:59am May 16, 2016 2:59am
Quoting seahorse
{quote} ?
sorry, i misread "14" instead of "146".

but post 146 is bullcrap too.

stay away from people who ask you money for coaching or signals or chatrooms, if a trader is good he don't really need your 300usd monthly subscription to his coaching or chatroom, good traders don't care about money.

seriously pal(s), if you want to learn how to trade you must spend more time trading and less time bullshitting on internet forums.

just my 0.02
  • #158
  • May 16, 2016 3:02am May 16, 2016 3:02am
Quoting hanover
{quote}Randomness is the enemy. If manipulation creates non-random patterns, find out what these patterns are, and exploit them.
There's a thought - find non random patterns to exploit

Quoting hanover
{quote}However, if by "rigged" you mean that your br0ker is targeting you specifically with cheat tactics (delayed quotes, slippage, widening spreads to deliberately hit your SL, etc), then sure, that's a game you can't possibly win.
I've always been hugely suspicious of the idea of brokers targeting individual clients - brokers doing underhand things to level out their books a bit is entirely plausible - but even then it would require very sophisticated management because most of the time a broker is going to have many clients on both sides of a market - so stealing from one side would necessarily mean giving to the other - maybe it could be done - it probably could be done but there are probably far easier ways for brokers to make money
  • #159
  • May 16, 2016 3:03am May 16, 2016 3:03am
Not a game for fools, lazy, and un practical.
Because every business who do any one surely don't give enough because other many fools also do the same.
It's required ability to get hit and run.....
Have a nice day ......
Trade fearless not careless...
  • #160
  • May 16, 2016 3:04am May 16, 2016 3:04am
No retail forex trader makes a living from just forex trading. This is very true and i agree with this sentiment spoken by many in this thread. The problem is many people dont want to hear this. They want to hear "I make $1000/day trading forex with my easy system".

Forex as an additional income, that is possible.

If you work 9-5 or have another form of income from a business etc, then its very possible to use forex as a part of your external income. And i don't know about other countries but in my country any loss is a tax deduction anyway. As long as you control your investment and do not lose more then your main source income plus living expenses.

Where do you think the founder of Facebook would be today if he just said "im going to make a social network where people can connect with each other" and stopped there. Without branching out into, advertising, gaming and other things...?

Then if you can make a steady profit great, if not who cares.
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