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Is anyone here earning a living, just with forex trading?

  • #161
  • Sep 17, 2016 5:35am Sep 17, 2016 5:35am
Quoting Liza J
When you say yes that you are trading for a living then people might doubt and judge you, it's either you are just boasting bragging or lying. If you say that no one is earning a living in forex trading many will agree, so either way...doesn't really matter, the best way to know is find the answer yourself...
What a useless post !  If that possibly many really...
 
Fact is people make money.  you need big account and some dedication.  Previous post is good.
Don't be greedy.  Read the news. THINK on the news.
Enter small lots. Profit will come.  Not in 1 year or two,  but you get there. Obviously day job and family get in the way
Beware of robber banks (RB), bad advisors.
  • #162
  • Sep 17, 2016 10:03am Sep 17, 2016 10:03am
Quoting Not-KPMG
Obviously day job and family get in the way
sadly, that is not untrue ! if you a daytrader ..
forget about doing this from home !!

unless you have a dedicated trade-room, better rent a small flat where you do that.

trust me i went so many times get milk or watch my daugter for a moment where shit did hit the fan basically the secound i left the screen and (of course) forgot to set T/P

in most cases like this .. the price will first give you a 1:100 ratio .. and then smash right into your Stoploss the secound you come back

Murphy's laws

no seriously: dedication and concentration is most imortant ..
even if you a swing trader and check the charts only 15 minutes a day, in this 15 minutes you decide about your odds.
  • #163
  • Sep 19, 2016 5:20am Sep 19, 2016 5:20am
Balancing family life and trading is so, so hard, unless your family really understands that when you trade you shouldn't be distracted because you can lose money in seconds.
  • #164
  • Sep 19, 2016 6:58am Sep 19, 2016 6:58am
I've been told that learning to trade successfully is like like learning any profession. It takes a lot of time to learn the skills and be able to use them in a way that suits you and your psychology as a trader
  • #165
  • Sep 19, 2016 7:01am Sep 19, 2016 7:01am
Quoting gabanda
I've been told that learning to trade successfully is like like learning any profession. It takes a lot of time to learn the skills and be able to use them in a way that suits you and your psychology as a trader
More like Art or Sales

yiu can learn how to use the tools, but the ability to e creative can not be tought or bought

same goes for trading, especially FX, because it has no real value.
  • #166
  • Sep 22, 2016 2:20am Sep 22, 2016 2:20am
I am earning good money from forex for past 20 years. No need for any other source of income. I am living a comfortable life trading forex.
  • #167
  • Sep 22, 2016 5:17am Sep 22, 2016 5:17am
Quoting gabanda
I am earning good money from forex for past 20 years. No need for any other source of income. I am living a comfortable life trading forex.
You're living the dream then, because most traders struggle immensely to get where you are.
  • #168
  • Sep 22, 2016 5:36am Sep 22, 2016 5:36am
If 1 (one) loosing trade has the same amount/value than the cost of your life,
you reached the goal, as by then, your monthly whidrawal of funds will just count as a loosing trade for the trade-business.
  • #169
  • Sep 24, 2016 12:08am Sep 24, 2016 12:08am
I have came across many traders, who rely just on Forex, but I think it would be advisable to have your other options open. It is the main source of my earning but not the only source.
  • #171
  • Sep 24, 2016 3:14am Sep 24, 2016 3:14am
The reality is that no one in the world is earning a living from retail forex trading, but many do make a living selling shovels to the gold diggers.
As a matter of fact it's the only way to make money in retail forex.
You just need to promote a track record that is half lived and half lied.

http://www.jurikres.com/snake/main_oil.htm
  • #172
  • Sep 24, 2016 3:33am Sep 24, 2016 3:33am
Quoting Mingary
The reality is that no one in the world is earning a living from retail forex trading, but many do make a living selling shovels to the gold diggers. As a matter of fact it's the only way to make money in retail forex. You just need to promote a track record that is half lived and half lied. http://www.jurikres.com/snake/main_oil.htm
Just because there is a disadvantage due to cost of running thr business and the majority assumes they can make millions over night. Does not mean "everyone" (90% is not the same as 100%)

retail trading does have some advantages
such as
- leverage (much larger)
- margin calls wihout personal liabilities
- smaller contract sizes

but this comes at a cost, retail trading is not cheap.
but this is mainly about your point of view.

50% of somethings is far better than 100% of nothing.
and 50% charge for completly put me out of risk beyond my capital at the trade account, is good compensation in matters of risk coverage.
  • #173
  • Sep 24, 2016 8:48am Sep 24, 2016 8:48am
I've been doing this for some years now... ain't earing that much yet, but yeah I think I'm improving after a couple of trial and error!!!
  • #174
  • Sep 25, 2016 9:11am Sep 25, 2016 9:11am
Quoting iam_th1
I've been doing this for some years now... ain't earing that much yet, but yeah I think I'm improving after a couple of trial and error!!!
that's good then.. keep it up! But not long from now we might get in a financial turbulance.
Becareful.
  • #175
  • Sep 25, 2016 10:37pm Sep 25, 2016 10:37pm
Quoting mlawson71
Balancing family life and trading is so, so hard, unless your family really understands that when you trade you shouldn't be distracted because you can lose money in seconds.
+1

...and money management in family too very important as not everyday is good day in trading.
Never Gamble Forex
  • #176
  • Sep 26, 2016 6:20am Sep 26, 2016 6:20am
Quoting yesyoucan
{quote} +1 ...and money management in family too very important as not everyday is good day in trading.
I agree, that is another thing newbie traders need to learn - just because you can trade, doesn't mean that you should at that given moment. One should always wait for a good trading opportunity.
  • #177
  • Sep 26, 2016 8:04am Sep 26, 2016 8:04am
Quoting mlawson71
{quote} I agree, that is another thing newbie traders need to learn - just because you can trade, doesn't mean that you should at that given moment. One should always wait for a good trading opportunity.
I emphasis Family management as you see you have day 2 day family expenses and should have more pressure if you're married person. So fund allocation in family expense and fund allocation in your trading should have to be done very tactfully otherwise Life living isn't possible. Most of people spent time with Holy grail searching and broker issues ..to be a successful living trader there are family management skills which never asked or discussed anywhere.
Never Gamble Forex
  • #178
  • Sep 27, 2016 3:54am Sep 27, 2016 3:54am
Quoting yesyoucan
{quote} I emphasis Family management as you see you have day 2 day family expenses and should have more pressure if you're married person. So fund allocation in family expense and fund allocation in your trading should have to be done very tactfully otherwise Life living isn't possible. Most of people spent time with Holy grail searching and broker issues ..to be a successful living trader there are family management skills which never asked or discussed anywhere.
I didn't mention the family fund management because in my opinion that is something that is necessary regardless of a person's occupation. One may not be Forex trader but knowing to manage family funds is still an essential skill. Unfortunately that is not something that many people stress on when they bring their children up, nor is it focused on in various educational systems. The one exception that I know about is Japan, and there are likely others as well, but it's not something that is practised all over the world, which is unfortunate.
  • #179
  • Sep 27, 2016 6:48am Sep 27, 2016 6:48am
Quoting yesyoucan
{quote} I emphasis Family management as you see you have day 2 day family expenses and should have more pressure if you're married person. So fund allocation in family expense and fund allocation in your trading should have to be done very tactfully otherwise Life living isn't possible. Most of people spent time with Holy grail searching and broker issues ..to be a successful living trader there are family management skills which never asked or discussed anywhere.
well if you are making 10-20K monthly from trading (I think there is no many guys there with such success) then allocation of money between trading and family should not be a problem, I guess.
  • #180
  • Sep 27, 2016 8:34am Sep 27, 2016 8:34am
Quoting leebsurag
{quote} well if you are making 10-20K monthly from trading (I think there is no many guys there with such success) then allocation of money between trading and family should not be a problem, I guess.
Actually You didn't realize what i actually want to say...

If you earn that amount..sure ..come to earth ..people above 20k $ monthly don't come to FF so forget that thinking. I mean managing family from trading earning if you have to live life by trading.
Never Gamble Forex
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