Can I make a living trading forex? - Quora
On its face it seems impossible to make a living trading Forex: (1) There is no famous investor / billionaire who has made it by Forex - i.e. who has achieved consistently good results over many years (and there are many who have done so by investing in other financial instruments) - which suggests that, in the long term, you will lose (like in a casino);. Jan 25, · Can you make a living trading the Asian session? I've had some very profitable swing trades taken during the Asian session but overall in my opinion, not a lot of big moves/opportunities and harder to trade lower time frames. Jul 25, · This simple risk-controlled strategy indicates that with a 55% win rate, and making more on winners than you lose on losing trades, it's possible to attain returns north of 20% per month with forex day trading. Most traders shouldn't expect to make this much; while it sounds simple, in reality, it's more difficult.READ MORE...
Can you make a living trading forex reddit
Here's the answer to "Can I make a living from forex" replies. Living in China, trading for a living 18 replies. How can Can you make a living trading forex reddit make a living trading forex? It works like a RSI Cross over as well as an entry and exit point which you will see in the picture you will also see that i used a demo for the picture and you will see that i was profiting form this apparently lame but powerful Indicator.
You make your own minds up. Please to those that read this i am not being sarcastic i have just had enough of people who tell me how to trade if it works leave it alone and if i have offended any person i apologise with a lot of respect.
Okay for those who want to know why i have added the RSI 8,10 and 12 in the mix is because they are there to help analyse the consolidation,range and trend i know you guys probably think well that's useless but trust me it comes in handy. How the entry and exits work :. Similar Threads Here's the answer to "Can I make a living from forex" replies Living in China, can you make a living trading forex reddit, trading for a living 18 replies can small accounts make a living?!
Attachments: How to make a living with trading? Exit Attachments. How to make a living with trading? First Post : Mar 17, am Mar 17, am. Joined Nov Status: Member 81 Posts. Hi, I've been trading for few years now and being "consistantly profitable" is not the biggest problem I have. The problem I have is with low trading capital. Some friends advised me to open a small live pamm account and connect it with trade explorer, myfxbook, fxstat, can you make a living trading forex reddit, So I did that a few months ago.
As I was told getting the funds for consistant traders shouldn't be a problem "the money will find you if you are good" I was told, hehe. But apparently it is a problem at least for me because I don't even know what to do now.
I'm no expert in marketing so I don't know how to promote myself or where as money manager or something like that. My goal is not to become a millionare over night, can you make a living trading forex reddit, I just want to make a decent living just with trading. I wouldn't mind becoming an institutional trader if somene offered me that kind of job or a chance.
But as I said, I don't know where to turn for someone to notice me at least and gave me a chance to prove it. Are there any firms or people who search for traders like me low budget retail trader that I can turn to?
Or do I first have can you make a living trading forex reddit make millions to get noticed? How much history do I need to prove that Im legit? And to who can I show it? I already can you make a living trading forex reddit up the idea that someone will notice me here on FF, Myfxbook or Fxstat because of all the scam accounts I suspect with shady unregulated brokers.
Apparently it is easy to fake the results. So a lot of accounts out there look like Warren Buffett is an amateur. I can't compete with scam accounts. Anyone here with some experience from this? Probably I'm not the only one with this problem.
For now I trade full-time with my own funds. But building a budget and paying the bills at the same time with low capital is hard. Any advice is very appreciated. Happy trading guys. Mar 17, am Mar 17, am. I suggest you maintain your independence and not look for outside capital.
If you are indeed "consistently profitable" it is now an issue of compounding based on your profits. If you are trading with a suitable reward to risk ratio like you can compound without risking any of your capital.
If you have an RR of and 4 out of 6 trades are positive, you can consider yourself consistently profitable. You need to do the sums yourself as you know your RR and percentage of profitable trades. The money will take care of itself. Do not be put off by people who say that this is too scarey. You are only risking some of the profit from previous trades - not your capital.
Commercial Member Joined Sep 2, Posts. Quoting PiranoTrader. But apparently it is a problem at least for me because I can you make a living trading forex reddit even know what Quoting Aich. Joined Mar Status: Member 87 Posts. Tunera had said it all.
Hard to add anything on top of that. Just a small addition from me. I have never seen a signal provider or a PAMM manager who can handle that. They are all lame with small money There is not a single provider who can offer this, at the moment. Master that, and you will be bathing in cash Jonny Hatinga. IQ Quoting tunera. I am not a Pamm expert, so take what im going to write as a valueless opinion: Big investors aren't Quoting andddres1. Joined Dec Status: Member 5, Posts. Get a job and trade part time.
You do far better in trading if you don't have to trade to survive. Trade safe and prosper. KP Quoting PiranoTrader. Any opinion is appreciated. But risking too much means just waiting to get destroyed. It happens sooner or later.
So that way im even less interesting for some serious investors and can forget about making 2 - 3 yr history too. Risking too much is not an option for me. You're right, im apparently really somewhere in the middle now - too fresh Do your homework, follow the footprints of smart money. Quoting MoneyZilla. Quoting KeenPips. And a hard job it is if you want to have some results on a longer run. If I can't focus only on trading then it's a hobby.
I rather have other stress-free and cheaper hobbies. Edited Mar 18, am Mar 17, am Edited Mar 18, am. Commercial Member Joined Mar 10 Posts. You can make a great living with Forex and if you make your own Indicators and EA's even better i tend to stay a way from the EA's for my own reasons.
Here is my trading strategy that i have been using for a while now and i have been told that i am an idiot and all the cherry toppings on top but you know what i have made money from this and i call it 5 line RSI.
How the entry and exits work : When you see a signal on it's own being an Arrow ,this Arrow becomes the entry i have actual marked the entries and exits with a DodgerBlue and Yellow line and a few red crosses for exits in the second window. When you see gaps between the arrow indicators they are normally good indications of an entry. Not all signals will be entry or exit but just wait for the signals. I hope that answers your questions.
Attached Image click to enlarge. Attached File. I know some traders who trade part time and are doing really well in trading. Membership Revoked Joined Mar Posts. I live entirely from the growth of my personal trading account. I personally couldn't do it just in my spare time. Maybe now i could since i have more experience. Hehe, but as it seems that will not happen anyway. Edited at am Mar 17, am Edited at am. Joined Apr Status: Member Posts.READ MORE...
Here's why you'll NEVER make money in Forex. The Forex Cycle of Doom..., time: 7:18
How to make a living with trading? @ Forex Factory
On its face it seems impossible to make a living trading Forex: (1) There is no famous investor / billionaire who has made it by Forex - i.e. who has achieved consistently good results over many years (and there are many who have done so by investing in other financial instruments) - which suggests that, in the long term, you will lose (like in a casino);. Jun 21, · yes you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary trading skill, discipline, patience, or realistic attitude to succeed long-term in the markets. However, this does not mean that it . Jul 25, · This simple risk-controlled strategy indicates that with a 55% win rate, and making more on winners than you lose on losing trades, it's possible to attain returns north of 20% per month with forex day trading. Most traders shouldn't expect to make this much; while it sounds simple, in reality, it's more difficult.READ MORE...