pichoo

Re: Ken Karpman Plummeted From a Six-Figure Salary to Earning $7 Interesting story, as I understand from the article seems like he spent most of his money on lifestyle and holidays, shopping extravagantly, I mean $750,000 a year (not counting bonuses), in big companies like that bonuses could reach to a year of salary or even more. If he was in the company for at least 4-5 years (out of those 20 years), he should have around $5 million, which he could have invested in many other things. I guess he could be a good trader or worker, but not a good investor at all. But good thing he can adapt to the situation and his wife didn't leave him. So at least he didnt loose his loved ones. On other note, I know a millionare who took a hit in 1997 crisis, lost a lot on stocks i guess. Before that, he's extravagance lifestyle quite amazing, could spend thousands of dollars in any given day. But now he's much more conservative in spending, eg: not so rich anymore Lesson to be learn is, nobody is safe. Live a little but keep some for rainy days.

Re: How Long You've Been in Business? been on demo since last year, but just few months on live. Lost quite a lot (i dont want to discourage ppl) :P, but started on a mini account again with smaller money, and keep trading live until now. The problem with trading demo is you just don't care about how much you loose, so although you're winning is still different on live account.

Re: You may hate me for telling you this To quote from others, a doctor need to spend 6 years of study to get a $100,000/year in US, same thing as doing forex trading, learning and experience is the process we have to do in order to succeed. It may take few months to few years, but won't happen in a few weeks.

Re: How to prevent fatigure or boredom when trading Being active in forex forums is one of the best thing to do while trading, getting inputs and charts from different angles and perspective, however be careful not blindly follow what others said. There are always long or short bias, you might caught in the middle confusing yourself.