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Forex Trading for a living... anyone?

  • #141
  • Oct 26, 2016 1:53am Oct 26, 2016 1:53am
Quoting Igrok
I have been trading Forex professionally for 14 years, but have never seen anyone making living just out of trading own capital and without some sort of income coming from some other sources. I wouldnt recommend you to get into it completely unless you have enough money to survive a potential dry season. There will be ups and downs but in any case you will have to have some capital reserves to cover your living expenses for at least 2-3 years before making such decision. Financial backup is a must.



Very True; Financial backup is a MUST.
  • #142
  • Oct 27, 2016 4:51pm Oct 27, 2016 4:51pm
I have a friend who trades for a living and he said that sometimes it's stressful but he has a large account size and he's a pretty good trader and makes great money. He swing trades a couple standard lots
  • #143
  • Oct 28, 2016 5:17pm Oct 28, 2016 5:17pm
First page someone mentioned David smith olint corp as a succesful 400miillion dollar trader - googled him ---> hes been sentenced to 30years for securities fraud. Anyhoo...

To trade for a living you need only two things.....


to be a winning trader (at least 12ths without a losing montgh or -24mths with only a couple losing months)
and
a lot of CASH --->>> Minimum $50`000 depending on where you live and ideally around $100`000



I think above figures are relatively realistic...for instance youre up 2% at the end of the month...cool you just made $2000 on your $100`000 account now go ahead and withdraw $1000 to pay your bills.


Bigger = better
  • #144
  • Last Post: Oct 29, 2016 2:41am Oct 29, 2016 2:41am
if you can be profitable consistently for half an year.you can go ahead and trade for a living.but definitely you need a big account size to be bale to make some profit even when the market is moving very slowly
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