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Recommend to trade for a living?

  • #1
  • First Post: Dec 21, 2016 9:33am Dec 21, 2016 9:33am
Hi all,

I don't have any license nor certificate, I am just a street trader.

I have been trading for years and lose a lot of money. I have bought many EAs, indicators, trading systems but none of them can make profit. I also have created a lot of systems and one by one wipe out live accounts as well… Finally I’ve found a strategy that works, it’s a swing trading strategy and I'm sticking with it now.

Unfortunately, I have spent all money in developed this system and now I just can prove it works on demo account.

So what do you recommend for me to trade for a living for now on?

Thank you in advance.
  • #2
  • Dec 21, 2016 10:55am Dec 21, 2016 10:55am
Quoting VD.Trader
Hi all, I don't have any license nor certificate, I am just a street trader. I have been trading for years and lose a lot of money. I have bought many EAs, indicators, trading systems but none of them can make profit. I also have created a lot of systems and one by one wipe out live accounts as well Finally Ive found a strategy that works, its a swing trading strategy and I'm sticking with it now. Unfortunately, I have spent all money in developed this system and now I just can prove it works on demo account. So what do you recommend for me to trade...
So, let me get this straight. You don't have any personal money to trade live, you also don't have a license to trade other people's money. I don't understand your question. If I need to explain you how life works, then here it goes: get a real job, save up some capital and then start to trade part-time, once you have a sizeable account then you might consider going full-time.
  • #3
  • Dec 21, 2016 12:49pm Dec 21, 2016 12:49pm
You don't need much capital to get started trading. If you don't have money at this time, you might want to get a part-time job to fund your account. Showing proof of concept with a demo account wouldn't convince people with money to invest with you.

tl;dr - get a job...fund your account then show us what you can do with that live account.

I wish you the best!
  • #4
  • Dec 21, 2016 1:51pm Dec 21, 2016 1:51pm
Quoting VD.Trader
Hi all, I don't have any license nor certificate, I am just a street trader. I have been trading for years and lose a lot of money. I have bought many EAs, indicators, trading systems but none of them can make profit. I also have created a lot of systems and one by one wipe out live accounts as well Finally Ive found a strategy that works, its a swing trading strategy and I'm sticking with it now. Unfortunately, I have spent all money in developed this system and now I just can prove it works on demo account. So what do you recommend for me to trade...
Go work full-time in a day job to accumulate some funds while continuing to demo trade. Remember you need to have AT LEAST SIX MONTHS of CONSISTENT profit in demo trading before trading for real otherwise you are going to just get your live accounts wiped again.
Make your losses in demo. Earn your profits live.
  • #5
  • Dec 21, 2016 11:51pm Dec 21, 2016 11:51pm
Quoting VD.Trader
Hi all, I don't have any license nor certificate, I am just a street trader. I have been trading for years and lose a lot of money. I have bought many EAs, indicators, trading systems but none of them can make profit. I also have created a lot of systems and one by one wipe out live accounts as well Finally Ive found a strategy that works, its a swing trading strategy and I'm sticking with it now. Unfortunately, I have spent all money in developed this system and now I just can prove it works on demo account. So what do you recommend for me to trade...
My advice to you is to fund your account with what ever you have. If its a winning strategy you have nothing to loose. Im sure yo u have something you can sell to fund an account. Car, clothes, things around the house you dont use ect... or even borrow it from friend and family. If you have a house borrow it against your house. Or if you have a job keep some money aside each week and feed it into your account. There is always a way if you really want it.

Im sure with in 12 months you will be set.
20 Pips a day keeps centerlink away
  • #6
  • Dec 22, 2016 12:42am Dec 22, 2016 12:42am
Their demo trading account must be used. I also still find use demo trading account to trade can be maximized. And the experience acquired also are meant to be diamnfaatkan quickly as possible as well so that we can become a better trader again. Because it can not last long in running forex trading business is dependent on science that is owned
  • #7
  • Dec 22, 2016 4:59am Dec 22, 2016 4:59am
Hi all,

Thank you all for your feedback. I am thinking about idea:
1. Sell signals via email
2. Offer copy trades via third party like Zulu, mql5...
3. Offer account managed service
4. ...

How do you think?

Thank you
  • #8
  • Dec 22, 2016 5:03am Dec 22, 2016 5:03am
Quoting VD.Trader
Hi all, Thank you all for your feedback. I am thinking about idea: 1. Sell signals via email 2. Offer copy trades via third party like Zulu, mql5... 3. Offer account managed service 4. ... How do you think? Thank you
Thats fine but you need to fund a live account and keep it for at least 12 months in any case.
You have to put yourself in someone else shoes. Ask you self would you buy into a signal without seeing any account history?
20 Pips a day keeps centerlink away
  • #9
  • Edited 3:51am Dec 23, 2016 3:40am | Edited 3:51am
Quoting VD.Trader
Hi all, Thank you all for your feedback. I am thinking about idea: 1. Sell signals via email 2. Offer copy trades via third party like Zulu, mql5... 3. Offer account managed service 4. ... How do you think? Thank you
I saw some guy over there at MQL5, He had over 1000 subscribers paying him 30USD a month. He's managing 4.5m, but his account is a cent account.
.
  • #10
  • Dec 23, 2016 7:59am Dec 23, 2016 7:59am
Quoting BubaYaga
{quote} I saw some guy over there at MQL5, He had over 1000 subscribers paying him 30USD a month. He's managing 4.5m, but his account is a cent account. .
Most of those statistics are manipulated. You can see PAMM account of some bucket shop brokers like LITEForex or Instaforex where some PAMM Managers Have 75000% return on boards.

We need to learn trading by own under all circumstances. I only Like Steve Nison because he always claim to be Teacher and NOT as a trader. He's good Candle stick Teacher and charge money for teaching without delivering any return promise.

Not necessarily every Teacher can't be good trader and A very trader/investor never reveal the trading beyond his successful trading. I have come across many price action traders who are 100% failed in trading after paying $485 and higer fees from so called google favorite (read SEO marketing success)Price Action Gurus. When today most of traders believe price action is only essence of trading, infact there are more other strategy left or untouched to become profitable.

Original OP should learn how to master his trades , never to follow anyone ... need to choose own style,google...buy or source books for free,practice,some monetary losses needed in trading,sleepless nights , huge time wasting observation
and passion to trade.
Never Gamble Forex
  • #11
  • Dec 23, 2016 8:03am Dec 23, 2016 8:03am
Quoting yesyoucan
{quote} Most of those statistics are manipulated. You can see PAMM account of some bucket shop brokers like LITEForex or Instaforex where some PAMM Managers Have 75000% return on boards. We need to learn trading by own under all circumstances. I only Like Steve Nison because he always claim to be Teacher and NOT as a trader. He's good Candle stick Teacher and charge money for teaching without delivering any return promise. Not necessarily every Teacher can't be good trader and A very trader/investor never reveal the trading beyond his successful...
Totally agree with yesyoucan.
have to find a way which suit to our personality + time
Let Market Tell You
  • #12
  • Dec 23, 2016 9:11am Dec 23, 2016 9:11am
In answer to the original question, if you've got a strategy that works then trade it with whatever you have to invest. Even if it's only a small amount then as long as you re-invest all the profit then you should grow your account over time,
  • #13
  • Dec 23, 2016 10:59am Dec 23, 2016 10:59am
Quoting VD.Trader
Hi all, Thank you all for your feedback. I am thinking about idea: 1. Sell signals via email 2. Offer copy trades via third party like Zulu, mql5... 3. Offer account managed service 4. ... How do you think? Thank you
I understand you're just on rocking stage of trading and it's works finally but unfortunately you have less trading capital. But Internet marketing isn't that easy , in 2006-2007 there were Asians/Africans who were heavily encouraged / lured by online marketing forex companies / digital currency companies to trade forex for the name of huge profits, so lots of signal companies born, signal sellers rocked the markets and epic failed. In that time concept were NEW and its too old concept, forex enthusiasts tried pip rebates, IB promotions , signal selling or affiliate forex, forum posting, all sort of passive income of forex. You may be encouraged by MT5/Mt4 signal sellers with 30$ each fee with 500 subscribers , if you have closer look majority of subscribers belongs to ukraine/Lithunia or Russia and you can't compete them as those signal sellers sometimes 200% or sometimes 2500% or some 75000% . There's huge doubt in transparency of those track records even if you listed and perform 200% per month you hardly can have 1 or 2 followers and these followers/subscribers are very moody and if you sometime below 100% they soon unsubscribe you. Alternatively You have to invest in search engine SEO so that people can find you in first page , need to hire some unique article writers who will write motivational articles for forex and visitors will read article and will be inspired like Freedom Fighters anthem and in result they can subscribe your signal service for life time. You can see some Guru have Live trading room subscription service at around 480$ to 750$ as because there is no surety that anyone pay them on regular basis, as you know it's almost very difficult to be consistent performer with same pace of success.

You may even thinking if you sell here in FF? Not bad but soon you become Commercial member and this market in FF too much saturated. There are some commercial members James16 and some made some money in earlier years 2005-2006. Later scams and other issues affect such business heavily. Now very few people listen to them.

But it is better to find similar mind of struggling people like you near by. If you find 10 similar people ask them to start trading with you with even 100$ so if they each make 20$ every 45 days they pay you 7$ each and you get 70$ nominal risk free start. But choose broker wisely so that your clients stay unaffected by broker scam.

OR. find full time any job, save money and come back later.

my few cents .
Never Gamble Forex
  • #14
  • Dec 23, 2016 7:20pm Dec 23, 2016 7:20pm
Are you asking what to do about not having any money?

1. Get a job
3. Beg, Borrow or steal
2. Rob a bank
3. Sell your body
4. Give blow jobs to horny old rich men

Good luck.
  • #15
  • Edited 10:03pm Dec 23, 2016 9:05pm | Edited 10:03pm
Quoting mrhigurashi
Are you asking what to do about not having any money? 1. Get a job 3. Beg, Borrow or steal 2. Rob a bank 3. Sell your body 4. Give blow jobs to horny old rich men Good luck.

mrhigurashi is a horny old guy
HMSR
  • #16
  • Dec 23, 2016 10:14pm Dec 23, 2016 10:14pm
Quoting Hmsr
{quote} mrhigurashi is a horny old guy
You forgot rich!
  • #17
  • Dec 23, 2016 11:34pm Dec 23, 2016 11:34pm
Quoting mrhigurashi
Are you asking what to do about not having any money? 1. Get a job 3. Beg, Borrow or steal 2. Rob a bank 3. Sell your body 4. Give blow jobs to horny old rich men Good luck.
What's the diff. between 3. and 4. ?
Make your losses in demo. Earn your profits live.
  • #18
  • Dec 24, 2016 12:11am Dec 24, 2016 12:11am
Quoting VD.Trader
So what do you recommend for me to trade for a living for now on? Thank you in advance.
your demo account results mean nothing.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19
  • Dec 24, 2016 12:29am Dec 24, 2016 12:29am
Quoting Forexia
{quote} What's the diff. between 3. and 4. ?
Ironically, Isn't VD like an STD?
  • #20
  • Dec 24, 2016 1:35am Dec 24, 2016 1:35am
Quoting BubaYaga
{quote} I saw some guy over there at MQL5, He had over 1000 subscribers paying him 30USD a month. He's managing 4.5m, but his account is a cent account. .
He dose have over 12 months of live results.

So if I were you, I'd open a cent account and deposit 10 000 cents. Treat it very seriously for a year, with the objective of limited draw down, and consistent monthly return. Then and only then become a "seller" on MQL5 and offer your signal for $30 dollars a month, then get 1000 subscribers like old mate and rake in your $30 000 every month. not a bad living.
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