Bibo Posted July 30, 2009 Report Share Posted July 30, 2009 Re: Money from Forex? since i trade forex i cant remember to make continiously money Quote Link to comment Share on other sites More sharing options...
fs740 Posted July 31, 2009 Report Share Posted July 31, 2009 Re: Money from Forex? It is definitely possible to make a living by trading with a focus on generating income. That being said, there are a LOT of variables that need to line up perfectly for you to be successful. You need a profitable system that fits YOUR personality, a good method of managing money, incredible discipline, a good broker, starting funds, and the list goes on and on. Each one of those items will also require time to research, find, test, and implement, i.e. it's going to take a good bit of time to get started. I'd recommend trying Forex at first as a hobby, then part time, then trading full time - that way you can slowly make the transition. If you just jump into trading, you'll no doubt be a failure at first (as pretty much all new traders are), and end up giving up. Good luck! Quote Link to comment Share on other sites More sharing options...
OneMAXer Posted July 31, 2009 Report Share Posted July 31, 2009 Re: Money from Forex? It is definitely possible to make a living by trading with a focus on generating income. That being said, there are a LOT of variables that need to line up perfectly for you to be successful. You need a profitable system that fits YOUR personality, a good method of managing money, incredible discipline, a good broker, starting funds, and the list goes on and on. Each one of those items will also require time to research, find, test, and implement, i.e. it's going to take a good bit of time to get started. I'd recommend trying Forex at first as a hobby, then part time, then trading full time - that way you can slowly make the transition. If you just jump into trading, you'll no doubt be a failure at first (as pretty much all new traders are), and end up giving up. Good luck! I make consistent money in the Forex. I attest that these advises make perfect sense. Quote Link to comment Share on other sites More sharing options...
metalaxe Posted August 1, 2009 Report Share Posted August 1, 2009 Re: Money from Forex? $500 seriously isn't enough for starting capital? im poor right now @-) Quote Link to comment Share on other sites More sharing options...
craibern Posted August 1, 2009 Report Share Posted August 1, 2009 Re: Money from Forex? Many stages of development have to be worked through before you can count on being consistently profitable as a trader. Something like 10000 hours. Keep trying for job to fund your practice. Good luck Craibern Quote Link to comment Share on other sites More sharing options...
danky Posted August 2, 2009 Report Share Posted August 2, 2009 Re: Money from Forex? Going to take some time to make it a full time job. Needs dedication, patience, and experience. Just stay on track, and don't look at forex trading as a get rich quick scheme, cause when you do, your deposit becomes my withdrawal (or someone elses) ;-) Quote Link to comment Share on other sites More sharing options...
suksez Posted August 2, 2009 Report Share Posted August 2, 2009 Re: Money from Forex? You are lucky,you are rich :) Quote Link to comment Share on other sites More sharing options...
moneymaker1713006090 Posted August 2, 2009 Report Share Posted August 2, 2009 Re: Money from Forex? just sharing here. I believe that forex need a long learning time but on the other hand it earn much... ;)) Quote Link to comment Share on other sites More sharing options...
astroo Posted August 2, 2009 Report Share Posted August 2, 2009 Re: Money from Forex? Some of us have spent years and after many frustrations become succesful :-bd Quote Link to comment Share on other sites More sharing options...
WFL Posted August 2, 2009 Report Share Posted August 2, 2009 Re: Money from Forex? A successful forex trader must have good discipline Quote Link to comment Share on other sites More sharing options...
kenex Posted August 4, 2009 Report Share Posted August 4, 2009 Re: Money from Forex? Trading live helps me to learn something that you coudl never learn from trading demo. I thought that it would be much easier.... Quote Link to comment Share on other sites More sharing options...
egor Posted August 4, 2009 Report Share Posted August 4, 2009 Re: Money from Forex? Trading live helps me to learn something that you coudl never learn from trading demo. I thought that it would be much easier.... Learning through live costs a lot. But to minimize your loss, you can make your lots the smallest size with some brokers who offer Cent Micro accounts Happy trading :shand: Quote Link to comment Share on other sites More sharing options...
Kandi84 Posted August 4, 2009 Report Share Posted August 4, 2009 Re: Money from Forex? fx trading is hard, but when u find a good stragie and have a good MM than u can be a sucsessful trader! Quote Link to comment Share on other sites More sharing options...
⭐ birt Posted August 4, 2009 Report Share Posted August 4, 2009 Re: Money from Forex? Trading live helps me to learn something that you coudl never learn from trading demo. I thought that it would be much easier.... I lost quite a lot of money following that train of thought. Quote Link to comment Share on other sites More sharing options...
weirdgod Posted August 4, 2009 Report Share Posted August 4, 2009 Re: Money from Forex? Good discipline... which i dont have, although i promised myself... so now i am just using EAs. and everything is traded on small risk. So path upwards is slow too. that's why i just installed vmware on my linux box and put winXP on it, and installed all the MT4+EAs there. So that i dont look at it every day (on my work win box)... Less i see it, less temptation i have to "trade" :). And better my monthly income is... Quote My Forex Trading Blog http://forex-trading-on.net Link to comment Share on other sites More sharing options...
kenex Posted August 5, 2009 Report Share Posted August 5, 2009 Re: Money from Forex? It's such a pain watching your account balance decreasing in front of your eyes. And fears of losing a lot of money make me get out of trade too early. I've never felt that way by trading demo. Luckily I haven't losen so much money yet. Tryng to find a better way to trade which would make me feel a bit more comfortable on live trading. Quote Link to comment Share on other sites More sharing options...
mrchocolateyogo Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Money from Forex? yes, its the best way to learn. You have to have some sort of part time job at least so you can study in the meantime and then go back and apply what you have learned in demo account, then finally in a live account. cheers Quote Link to comment Share on other sites More sharing options...
gihaz Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Money from Forex? maybe will lost your money 1st before can make the money from forex.. Quote Link to comment Share on other sites More sharing options...
hip Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Money from Forex? i total agree with you gihaz until you feel how feels to lose real money you can not understand really about risk and how important it is to have a good straergy Quote Link to comment Share on other sites More sharing options...
⭐ birt Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Money from Forex? It's such a pain watching your account balance decreasing in front of your eyes. And fears of losing a lot of money make me get out of trade too early. I've never felt that way by trading demo. Luckily I haven't losen so much money yet. Tryng to find a better way to trade which would make me feel a bit more comfortable on live trading. That, and the best advice I ever heard was: "only invest in forex what you can afford to lose". It's a very very bad idea to invest all your money thinking that you're going to be trading for a living. When you invest some money in forex, it helps to think of them as "money that's never gonna find their way back to me" instead of "money that's gonna bring me a fortune". Also, even if you think you've found the holy grail of forex don't make the mistake of taking a loan to invest. Just invest what you can and when you can. If you make 2000$ per month at your regular job, save 100-200$ per month for a while and only invest after several months. This will give you ample time to retest and consolidate your strategy, also to test it on a demo account. Don't rush, the market is still going to be there after a year and you're going to be a lot wiser in the meantime. Quote Link to comment Share on other sites More sharing options...
sustainablegrowth Posted August 7, 2009 Report Share Posted August 7, 2009 Re: Money from Forex? i have read that before you having forex business, you have initial capital which can make you sustain within a year even you having no jobs good luck :) Quote Link to comment Share on other sites More sharing options...
sustainablegrowth Posted August 7, 2009 Report Share Posted August 7, 2009 Re: Money from Forex? and i strongly advice you to use virtual money first in trading forex before using real money Quote Link to comment Share on other sites More sharing options...
supernova1713006067 Posted August 7, 2009 Report Share Posted August 7, 2009 Re: Money from Forex? You were thinking about it already we distinguishes the successful profit from the amateur beginner? I tell the secret to you now in two words: Knowledge and experience. Quote Link to comment Share on other sites More sharing options...
duyduy Posted August 8, 2009 Report Share Posted August 8, 2009 Re: Money from Forex? If u are new on forex. Better learn on demo, at least 1 year Practise makes perfect Quote Link to comment Share on other sites More sharing options...
mulri Posted August 8, 2009 Report Share Posted August 8, 2009 Re: Money from Forex? Forex is forever..! So no hurry to go with Live accounts without practising in demos..! Forex is definitely a "holly grai" business but at the same time its also a dangerous pitfall, if you do not handle it in a right way..! Every pro trader has blown out his atleast first 2 accounts. So its wise to learn first and then jump with live money..! Quote Link to comment Share on other sites More sharing options...
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