frankay Posted July 13, 2009 Report Share Posted July 13, 2009 Re: Money from Forex? Forex is not actually suitable for someone under financial stress. It is better played when u are not under stress. I will advise youlook for a job and then learn to trade forex later. Frankay Quote Link to comment Share on other sites More sharing options...
benny3 Posted July 13, 2009 Report Share Posted July 13, 2009 Re: Money from Forex? bro find another job but don't give up on forex. Quote Link to comment Share on other sites More sharing options...
oasisfans Posted July 13, 2009 Report Share Posted July 13, 2009 Re: Money from Forex? Not so fast... so you better try to find another job.. Good Luck :shand: Barbara i agree with this Quote Link to comment Share on other sites More sharing options...
pepescumi Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? yup, financial stress only make it worse... Quote Link to comment Share on other sites More sharing options...
traderdon Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? don't quit your day job just yet ! On the other hand anything good doesn't come easy ! Perserverance and a good trading plan is the key ! Quote Link to comment Share on other sites More sharing options...
pipslovah Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? Yep please dont quit ur job without being financially secured for at least a year.. coz in my earlier days of forex, i was gaining but losin alot more too. Advice is if u become CONSISTENTLY profitable tradin forex for at LEAST 6months or more part time, THEN u can quit ur job or go full time trading. Just my 2cents ;)) Quote Link to comment Share on other sites More sharing options...
mister23 Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? a job + forex EAs is awesome :-) Quote Link to comment Share on other sites More sharing options...
darlene Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? i need one year to search and find the weapons to enter war in forex... Quote Link to comment Share on other sites More sharing options...
ltp Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? Hope i can earn some good money after learning from experts here Quote Link to comment Share on other sites More sharing options...
chalger Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? I preffer eating with a small spoon. My rules are: 1. Have a plan 2. Be consequent, always go with your plan 3. If you're not sure stay aside so far going along with but it's hard sometimes :] I've been learning for a year now and still not sure if i could go live (see point 3:]). I wish I could make FX additional source of income but if not I will also be fine. rgds. Quote Link to comment Share on other sites More sharing options...
chalger Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Money from Forex? I found very a good quote on having a plan and generally trader psychology: A trader has to have patience & discipline to succeed. The bottom line is - you need to work out a plan, and then stick to it…regardless. If you decide on trading only a particular strategy, then you must wait for that setup to occur. In the meanwhile, if price makes some moves, you should not trade those, simply because they do not fit within your plan. Psychologically, you need a lot of discipline to stick to a plan, because you always feel you are missing out on the moves. And if you are trading full time, then this becomes a very big issue. Since you keep waiting for a trade & if the opportunity does not occur, then you get tempted to twist your plan & get into the action…..which is the surest way to disaster. One can make a living from trading…provided it’s done in the correct way. It’s not an overnight-get-rich-scheme. It has to be built up slowly & takes a lot of effort & dedication. Once you accept this fact, it becomes somewhat easier -:) originally comes from "Mind, Money & Method" found on Sunil Mangwani blog. Quote Link to comment Share on other sites More sharing options...
cacus Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? wow, i think this requieres some training before you can make money from it. And of course, you are always taking risk of losing it all Quote Link to comment Share on other sites More sharing options...
Aleberta Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? you can trade forex as a means of living if you get a good FX education but the timing is not right. Currently there is more uncertainity in the market. You better stick to your job. aleberta Quote Link to comment Share on other sites More sharing options...
nayansavla Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? i just started with zulutrade but got worried when i started losing a bit so i am now looking for good manual trading systems. Quote Link to comment Share on other sites More sharing options...
LDG Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? If it's the first time you approach forex, know that it's the hardest market and you should not begin with the need of a "wage", everyone needs a long time to study it. One advice: use low leverage. Quote Link to comment Share on other sites More sharing options...
forexer Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? I am new to Forex trading since 6 month and as i have a full time job, i only do it as a hobby and i only trade EA's... I would suggest to open an account with 500$ and run some bots (megadroid an fapturbo) at 0.01 lots, just for getting a feeling ;-) br forexer Quote Link to comment Share on other sites More sharing options...
atto Posted July 15, 2009 Report Share Posted July 15, 2009 Re: Money from Forex? what do you think good leverage is? i would like to start trading soon but will start small and want to be safe Quote Link to comment Share on other sites More sharing options...
mutekki Posted July 16, 2009 Report Share Posted July 16, 2009 Re: Money from Forex? I would suggest to trade on a demo account until you make a profit on your total amount, not just one winning trade... ;) Then you could try to do it fulltime, but you also need the money to trade with. So my suggestion is, find a new job, and switch when you know you can make money with trading! I have the same problem here... Quote Link to comment Share on other sites More sharing options...
adbtrader Posted July 16, 2009 Report Share Posted July 16, 2009 Re: Money from Forex? It's possible, do your research, be patient, be wise, lose the greed, lose the fear, be the man. Quote Link to comment Share on other sites More sharing options...
barbara1713006084 Posted July 16, 2009 Author Report Share Posted July 16, 2009 Re: Money from Forex? It's possible, do your research, be patient, be wise, lose the greed, lose the fear, be the man. BE THE MEN =)) =)) =)) ... hunt a dear, kill the bear =)) I like boys more :D Barbara Quote Link to comment Share on other sites More sharing options...
maurice_nem_songo Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Money from Forex? Hello, I'm totally new to Forex. I recently lost my job and want to know if it is really possible to make a living from Forex? i have the same experiences with u brotha, lost my job and want become fulltime trader, please go to the ebook section in this great forum, u can find a lot of good book n u can study it. Hopefully u can make a living from forex my brotha. Quote Link to comment Share on other sites More sharing options...
tsingchie Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Money from Forex? Cool! Just the stuff I am looking for. Quote Link to comment Share on other sites More sharing options...
William1713006271 Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Money from Forex? I don't think people who plugin an EA and go to bed is called a trader :D Well, it doesn't matter though if you make money. However, if you just lost your job, go find a new job. Trade forex in your part time. Believe me, some people are committing suicide because of no job and putting all their hope in forex. You can make money in forex, but it requires time and effort. Regards, Quote Ore no Shinka Hikari yo Hayai. Zen Uchi o Nani no Mono Ore no Shinka Chuito Kore Nai. Ten no Michi yo Iki. Subete o Sukosadoru Otoko. Link to comment Share on other sites More sharing options...
OneMAXer Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Money from Forex? Hello new friends, Do you think that a successful experience in futures may help trading Forex successively ? Compared to the futures market, to what should I be attentive with FX ? (I add that my futures experiences are mainly in indices fuures SP500, Dow Jones, Nasdaq.) Quote Link to comment Share on other sites More sharing options...
fxtrader1713005988 Posted July 17, 2009 Report Share Posted July 17, 2009 Re: Money from Forex? I agree with William. Have a permanent job to supplement the trading activity. Trading is not as easy as one thought. Otherwise, everyone would be trading rather that salaried. Quote Link to comment Share on other sites More sharing options...
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