I was expecting to see more negative comments on this thread lol.
Forex is just like gambling. There are those who found the tricks in doing it while others are gambling and won on luck. If you found the trick like cards counting etc, you stand at the higher probability and in the long run, you win. On the other hand if you are just gambling purely, you stand on the slightly below 49.9% due to slippage, delays, spreads, commissions etc. So living off forex is not entirely impossible. I have done it for 6 years and still running alive... So, good luck in finding the trick that will feed you well for at least the next few years.
Forex is just like gambling. There are those who found the tricks in doing it while others are gambling and won on luck. If you found the trick like cards counting etc, you stand at the higher probability and in the long run, you win. On the other hand if you are just gambling purely, you stand on the slightly below 49.9% due to slippage, delays, spreads, commissions etc. So living off forex is not entirely impossible. I have done it for 6 years and still running alive... So, good luck in finding the trick that will feed you well for at least the next few years.
{image} Quick Answer: If you want to be an institutional trader you need: 5 years of trading record 5 years your journal trading records trading with a minimum of $500,000 Or have grown your small account to at least $500,000 - $1M Every firm are open to a new trader position. And every year, there are tens of thousands of applicants. What makes you stand out of 10,000 applicants, where only around 100 seats are available? I'm sorry to burst your bubble, but a 50% return a year with a $9k fund is nothing special....
