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" Making a living out of FX. Possible?"
This question gets asked a lot, and it really is a relative one. There are people out there who live off of 80 bucks a day, and making that kind of money on the Forex is nothing. It all depends on your living expenses. One trader might be simply renting out a room somewhere, while another trader might be mortgaging two houses. And then there is the bravery issue, how brave are you? Making a living off of Forex is absolutely no different than making a living off of a small business, and people do that all the time. The risk and profit predictability are very similar, but the Forex is probably a safer bet anyway. Personally, I'll be quiting my job when my account gets to about 50k, and all of my debts are erased. Last edited by Yoda_Glenn; 12-09-2006 at 12:45 PM. |
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I think you have descrived very accurately what all have to go thru. I think i am begining to reach the last stage, the one to "enjoy forex". I still dont quit my job, coz i still trade with little money, but things are changing. ![]() |
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hi
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5% per month is it fix income ? or u share your profit with him ? =================== Forex Indicators Collection |
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In addition to forward testing, I would suggest logging their datastream http://www.cubesteak.net/mt4-multi-b...-data-project/ and making sure that the ask-bid number doesn't jump drastically. |
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I'd rather be scared to death than bored to death |
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You can make a living, if you are experienced enough..just like in any other profession.
Its all a matter of time, if you stick to trading and learn it...you can make a living and grow faster and realise all your dreams. It will all come down to how much you are willing to input..initially...the time will take care of the rest and you will be rewarded. Even if you watch naked signal for six months, i bet you will get more ideas to prepare for your launch for freedom. Old cliche still work....Patience, hard work and decipline ![]()
__________________
I'm waiting for the golden age 12/12/2012
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