mdenamul Posted March 22, 2013 Report Share Posted March 22, 2013 (edited) well, i believe that we can build our career on Forex. because forex is a business and we can make the business as our career. for me its really thankful because I'm feeling lucky to found forex and i can solve my financial problem and help my family too. i just need to maintain what i am doing now. Edited March 26, 2013 by hermanhess Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted March 22, 2013 Report Share Posted March 22, 2013 You should learn forex first. Take baby steps and and don't plan on long term future goals until you take the first step in learning how forex works. After you do this, then learn to demo trade. You have a long, long way to go new guy. Don't be too disappointed if you find that the forex didn't agree with you since 95% of traders don't succeed. Quote Link to comment Share on other sites More sharing options...
dudeE Posted March 23, 2013 Report Share Posted March 23, 2013 I've known people that have been trading for 5-6 years before they became full-time traders. I've only been trading for 8 months and I already know there's still a long way to go before I get what I want. Quote Link to comment Share on other sites More sharing options...
Gaban Posted March 23, 2013 Report Share Posted March 23, 2013 We can make forex trading as a career, and to be able to make it happen we have to be able to get consistent profit first, too risky if we leave our main work to forex. Improve trading skills and continue to learn is the way that can make it come true. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
shekarj Posted March 23, 2013 Report Share Posted March 23, 2013 Yes if you can keep one decade as a gestation period. Quote Link to comment Share on other sites More sharing options...
usok Posted March 27, 2013 Report Share Posted March 27, 2013 I trade with hotforex for a year and a half now, but i still keep my day job as well, I do swings mainly with little risk and earn a decent extra each month whcih helps me a lot, I want to be good at forex and maybe someday earn from forex alone and have more time in my hands to do other things, so it really depends how you look at it but yeah it is very possible and there are pro traders that earn big from forex alone :) Quote Link to comment Share on other sites More sharing options...
Gaban Posted March 28, 2013 Report Share Posted March 28, 2013 I trade with hotforex for a year and a half now, but i still keep my day job as well, I do swings mainly with little risk and earn a decent extra each month whcih helps me a lot, I want to be good at forex and maybe someday earn from forex alone and have more time in my hands to do other things, so it really depends how you look at it but yeah it is very possible and there are pro traders that earn big from forex alone :) Yeah, we have to minimize the risk. If we want to make forex as a main job, as a career, the most important thing is consistency profit we can get, not how much profit that we get. But it would be better if we could get a huge profit and consistent. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted March 28, 2013 Report Share Posted March 28, 2013 Yeah, we have to minimize the risk. If we want to make forex as a main job, as a career, the most important thing is consistency profit we can get, not how much profit that we get. But it would be better if we could get a huge profit and consistent. You contradicted yourself. Not how much profit you get but if we could get huge profit and consistent. Consider proof reading your posts before submitting. Quote Link to comment Share on other sites More sharing options...
diablo88 Posted April 8, 2013 Report Share Posted April 8, 2013 If you would be dedicated in Forex trading, you can take it as your real career. There are a lot of careers involed to Forex as trader, IB, broker,... When you are good at something, try to stick into with it. Quote Link to comment Share on other sites More sharing options...
usok Posted April 9, 2013 Report Share Posted April 9, 2013 a career is really possible in forex, its not a sallary job, though some broker have employeees i guess but its more of a business that you have to handle your self, traders make millions let it import export, stock market, even a simple store is also trading :D and so does forex. I read about people quitting good careers to pursue forex, and they are doing quiet well Quote Link to comment Share on other sites More sharing options...
maximillian Posted April 13, 2013 Report Share Posted April 13, 2013 Well I trade mostly the Euro and only win half the time or 50/50 over 100's of trades so that's not really 'consistency of profit' as the wins are only half the time. You can be quite profitable winning only half the time. There are periods between 25-35% of the time where the strategy will not work. You have to plan what to do after a certain number of trades otherwise your drawdown will be larger. So a successful career in forex or any other business is about managing the risk. I trade similar to the turtles, it's not rocket science. Quote Link to comment Share on other sites More sharing options...
Tan Kean Yong Posted April 14, 2013 Report Share Posted April 14, 2013 learn to be greedy then you may. Quote Link to comment Share on other sites More sharing options...
supertrader Posted April 18, 2013 Report Share Posted April 18, 2013 Yes, it is possible if you can minimize your lost up to 0.3%. But not recommended if you just start trading. Just keep on with you current job, until you can minimize to that percentage, so you will still have something to hold on when you are lost during trading. Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted April 18, 2013 Report Share Posted April 18, 2013 Yes, it is possible if you can minimize your lost up to 0.3%. But not recommended if you just start trading. Just keep on with you current job, until you can minimize to that percentage, so you will still have something to hold on when you are lost during trading. Not sure where you come up with 0.3% as a figure. One can continue trading as long as their losses don't exceed his winnings. One should continue with their job and trade at the same time. I don't recommend that anyone quits their job if they can trade at the same time. Only when one becomes very skilled and they trade part time for several years, do I recommend that they start trading full time. Quote Link to comment Share on other sites More sharing options...
apple1937 Posted April 18, 2013 Report Share Posted April 18, 2013 (edited) Yes, it is possible if you can minimize your lost up to 0.3%. But not recommended if you just start trading. Just keep on with you current job, until you can minimize to that percentage, so you will still have something to hold on when you are lost during trading. Am curious. As you mentioned, if we can minimize our lost up to 0.3%, we can only become full time traders, then what is the minimum profit (in %) that we must earn? :) Edited April 18, 2013 by apple1937 Quote Link to comment Share on other sites More sharing options...
Gaban Posted April 23, 2013 Report Share Posted April 23, 2013 If you have enough knowledge on forex trading and you can face to the loss and profit and mange your real account well and always avoid loss my technique, you can choose it as you career. Yeah As a trader who wanna be a successful trader, we must be able to manage our real account well, ready to face loss and profit. Forex is good chance for every one who wanna earn money, provided that, we wanna continue learning. Quote www.instaforex.com Link to comment Share on other sites More sharing options...
supertrader Posted April 24, 2013 Report Share Posted April 24, 2013 Not sure where you come up with 0.3% as a figure. One can continue trading as long as their losses don't exceed his winnings. One should continue with their job and trade at the same time. I don't recommend that anyone quits their job if they can trade at the same time. Only when one becomes very skilled and they trade part time for several years, do I recommend that they start trading full time. It's my calculation of monthly profit. I set the target of how much I want to earn and that's the lost percentage of my profit. Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted April 24, 2013 Report Share Posted April 24, 2013 (edited) It's my calculation of monthly profit. I set the target of how much I want to earn and that's the lost percentage of my profit. One can lose a lot more than 0.3% and remain profitable. One can lose 49% of their trades If all lot sizes were equal and still be profitable. Again duderex, you and gaban need to cease giving out really bad advice. We have many new forex traders and they may read your postings and actually do something wrong like take your advice seriously without knowing that you actually give a lot of bad advice on this forum. Again, please stop these weird postings duderex. Edited April 24, 2013 by FloridaTrader Quote Link to comment Share on other sites More sharing options...
apple1937 Posted April 24, 2013 Report Share Posted April 24, 2013 You can win 90% of your trades but still making loses...:) diablo88 1 Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted April 24, 2013 Report Share Posted April 24, 2013 You are right... Thanks buddy!:) Quote Link to comment Share on other sites More sharing options...
Rambo35 Posted April 25, 2013 Report Share Posted April 25, 2013 I've known people that have been trading for 5-6 years before they became full-time traders. I've only been trading for 8 months and I already know there's still a long way to go before I get what I want. I hear you. I have been around for six months, but I like the road I have taken. In order to answer the question of the OP. Yes you can, but my guess is that you will fail, judging by other questions you have asked in this forum. About 98% will fail at trading forex successfully. Quote Link to comment Share on other sites More sharing options...
Cataclyst Posted April 29, 2013 Report Share Posted April 29, 2013 It's a long and hard road. It's not just forex though. Any type of trading. Quote Link to comment Share on other sites More sharing options...
supertrader Posted April 30, 2013 Report Share Posted April 30, 2013 One can lose a lot more than 0.3% and remain profitable. One can lose 49% of their trades If all lot sizes were equal and still be profitable. Again duderex, you and gaban need to cease giving out really bad advice. We have many new forex traders and they may read your postings and actually do something wrong like take your advice seriously without knowing that you actually give a lot of bad advice on this forum. Again, please stop these weird postings duderex. Sorry if you are misunderstood me. its the risk I'm talking about!! 0.03 = 3% dont mix up the numbers, risk only as much as 3% per trade Quote Link to comment Share on other sites More sharing options...
diablo88 Posted April 30, 2013 Report Share Posted April 30, 2013 You can win 90% of your trades but still making loses...:) I have got in that case few times. I got TP for 8/10 trades but profit still was negative. Since with each trades, I put TP very short and SL very far. So when my trades reach TP, I get a little money but when my trades reach SL, I lose about 3-4 times than TP money. With 2 trades lose per 10 trades, summary I got lose. So the best is get TP for all trades (but it's impossible). Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted April 30, 2013 Report Share Posted April 30, 2013 Sorry if you are misunderstood me. its the risk I'm talking about!! 0.03 = 3% dont mix up the numbers, risk only as much as 3% per trade Now that sounds much better. Thanks for correcting your mistake. Quote Link to comment Share on other sites More sharing options...
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