reaper44

Re: Is it safe to trade Forex for Living ?

In Indonesia we can trade for living just only 10 pips a day in standard lot. Why ?

Suppose we gain only 10 pips /day, that means we earn USD 100. Just averaging all profit in 25 days (profit = Win - losses) and the result we just get only 100 pips (means USD 1000).

Then at the end of the month we are making Withdraw (minus USD 20 TT charge) so the result are USD 980. And in Indonesia USD 980 equal IDR 9,898,000 (according current rate at this morning)

That's the sallary of Middle Manager, and we can make living on that. :D

 

And if we have enough confident to grow our skill and psychology and offcourse MM, we can get more than 10 pips.

 

That's why I think It's possible to trade for living in Indonesia.

What I fear about regulation is only if they change the rules so it's difficult for us the retail trader to trade with small money.

 

Yes maybe stock is the alternate, but huge money needed.

By the way what is Spread Betting? I just hear that.

 

Thanks all..

i absolutely agree with these thought. but still when our target only 10 pip per day, we could trade only night and in the day we can do our daily job :D

Re: Help starting with Forex

just learn from masters in this forum, if this wasn't enough learn from other forum n keep practicing demo :)

Re: You may hate me for telling you this

i absolutely agree with your thought. for me success comes from hard work + prayer + little luck :-)