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Anyone Trading For A Living?

ArdiFX
forex_trader_[136673]
Jul 29 2014 at 03:56
852 posts
@topastop

How did you manage to open a live account?
Yuriy Zelinskiy
GeorgeTrader
Jul 29 2014 at 19:09
22 posts
adrian8891 posted:

Trading for 'part time' is nothing good. Then You will never be able to learn market. I try to learn as much as I can. Surley I can say that I sleep only 3-4hours a day, but time used for Forex has made enough profit, what You can see on my profile. Even, I managed to open PAMM account.

Nice try promoting your PAMM Account. By the way, congrats ! You got -15% of Balance today. Drawdown is 31% now. Thats a disaster for a PAMM! Good work.

To everyone else here, sorry for offtopic post, but that guy is just getting on my nerves.
Someone still believing him ?
topastop
Jul 29 2014 at 19:54
21 posts
The account is in my father's name, however, I am the one who trades there.
JediFx
Aug 01 2014 at 21:26
1 posts
Full time or part time does not count a lot, what is important is are they profitable, consistently profitable year by year. The sad part about this is those consistently profitable traders don't talk and share a lot, the once that share and demand attention are the ones that are not truly profitable. Successful traders are very secretive about their trading style or trading system, they are motivated by greed and security not to divulge their secrets to anybody. Some will try to share their forex wisdom but the ones that are very effective are keep for their eyes only, haha . If you trade like most traders do you will wind up going to where most of traders going, failure , haha . To be very successful you have to think different and think outside the box, be original or be creative on what you do. You might ask me if I am a successful trader, honestly I am not, but my mentor is one of the best trader around . Thanks for reading ;-)
Dennis Sherman (Dennis146855)
Aug 02 2014 at 14:27
18 posts
mmmm you wont find that consistently profitable traders are secretive because of there edge. Its because there is no system that work consistently.

And the end of the day, trading is the ability to spot strength or weakness on a currency and then to determine a target how ever small or big. Then to know when your wrong as rapidly as possible.

I had my first loosing month in July, I lost 1% of my account. Money management is key. 1% means I just will budget myself on daily expenses not a disaster. Trading is about life style to don't forget that
Take a loss real quick
Dennis Sherman (Dennis146855)
Aug 02 2014 at 14:27
18 posts
above all be patient and eventually you will control your emotion in a trade so your judgement
 will be clearer
Take a loss real quick
Dennis Sherman (Dennis146855)
Aug 02 2014 at 14:27
18 posts
if anyone needs any help to develop, Free off course no charges let me know and I will put in a step in the right direction
Take a loss real quick
I eat pips
Ozpips
Aug 03 2014 at 06:33
32 posts
I trade for a living and I'm loving it😎
FxMasterGuru (FxMasterGuru)
Aug 03 2014 at 11:35
1608 posts
Ozpips posted:
I trade for a living and I'm loving it😎

All your DISPLAYED accounts are less than 4 months old. I guess the crashed old accounts are not so pretty....?

So let's see what happened to your SimpleTrader advertised 'subscription only' strategy...?? It is GONE from SimpleTrader. Both of us know why...

I guess, you can make a living 'from trading' by collecting subscription fees...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
I eat pips
Ozpips
Aug 03 2014 at 13:36
32 posts
Dennis146855 posted:
above all be patient and eventually you will control your emotion in a trade so your judgement
 will be clearer

Very true!
I eat pips
Ozpips
Aug 03 2014 at 14:33
32 posts
tintin1117 posted:
rjm354 posted:
Patients is the key to trading. And getting the concept of winners and losers. I found these 2 articles helpful because these used to be a problem for me. I have trained myself to be patient and wait for what I am looking for. All these tools from all these posts will help you trade full time.

https://www.learntotradethemarket.com/forex-articles/secret-ingredient-to-forex-trading-success

https://www.learntotradethemarket.com/forex-articles/the-one-fact-about-trading-you-need-to-know-now


nial is a fantastic guy for the content he produces. I have learned so much from his wisdom...Coffee shop trader is the ultimate goal

I have read a lot of Nial's stuff as well, some very good reading.
bewayopa
Aug 03 2014 at 20:59
372 posts
Very lice articles, I recomend to read!
bewayopa
Aug 03 2014 at 21:06
372 posts
Ozpips posted:
Dennis146855 posted:
above all be patient and eventually you will control your emotion in a trade so your judgement
 will be clearer

Very true!
Having patience to let your trades play out in order to see the true probability of your trading edge is something most traders don’t do because they voluntarily lower the probability of their trading edge by meddling with their trades too much.
bewayopa
Aug 03 2014 at 22:41
372 posts
We are on the support? Next week will confirm it!
Alex (alexlowrisk)
Aug 15 2014 at 14:06
80 posts
Patience is the key, not strategy ! If you do not wait and you want let the work to someone else you have to find a good managed account that will be your passive income
Be an investor, not a gambler!
Dennis Sherman (Dennis146855)
Aug 18 2014 at 18:28
18 posts
If you trade for a living like myself, you may want to think about this.

If you have a massive account then most traders are looking for scalps as it suites the lot sizing.

ok most of us will be trading with between 10 k to 100 k. You will try intraday trading but you find it hard to make money, make 50 pips on this one and loose 20 on that, well that will work. But if you start not sticking to your out at -20 then that trade that always seems to go back to profit on occasion end up wiping out all of your profits.

Alright, so, theres nothing better then a clean chart nothing on it for your analysis, Mark of the true SR 4 hour , Daily Weekly Monthly and those are your true support and resistance and the higher the time frame SR the higher the probability of a good trade AND FOR THIS you will have to trust your analysis and set market orders. If you charts look like this one you are making money. Remeber any entry point should be based on a minimum of a 4hour chart. off course you can dial down to a 1 minute 5 or 15 to get the best entry but the Level your watch on the 15 is gonna be from the 4H or the daily or above.

Attachments:

Take a loss real quick
Alex (alexlowrisk)
Aug 19 2014 at 10:20
80 posts
Thank you Dennies, yes I know well the strategy you show. Sometime happens that price is near support, so you are approaching a lot of Stop orders, this is the job of Interbank Traders, they play stop game. They have enough liquidity to push the market versus the stop and they cause the domino effect. After that they close the position in profit and this cause a false breakout.
I love this setup because allow you a really SMALL stop and so a Low risk trade, is a classic risk 10 to make 100 because this is a REVERSE SETUP.

Thanks Dennies
Be an investor, not a gambler!
Dennis Sherman (Dennis146855)
Aug 19 2014 at 12:44
18 posts
thats right and the chart I posted is yesterdays EJ (Eur Jpy) and if you see EJ today we playing inside that range as within channel on chart. market wants 137 30. but cant go there as the people who bought 137 30 our now in loss and the people that sold 136 on in loss to. market will move once a sufficient amount of traders have closed there losses..............Market will continue making tops and bottoms within that range until one big position holder says screw this im closing out. Thats why news is so important, people freak out close of loss as others doing swaps and loading on the fundamentals. Zero sum game.
Take a loss real quick
Dennis Sherman (Dennis146855)
Aug 19 2014 at 12:45
18 posts
remember that loss you held and held and held, then you say screw this im closing it I can get a better price. Soon as you close market shoot up 100 pips and you would have been in profit. Its no fluke market waits. When it is you who gets spotted by that move, it simply you were in that last bunch holding loss at that level, someone probably took a mill loss and it only needed another few hundred bucks to tip the balance. Why entry is so crucial
Take a loss real quick
Alex (alexlowrisk)
Aug 19 2014 at 14:20
80 posts
Yes Dennis and better trade is when fundies traders agree with techies, I hope you sold EurUsd in last new... I did, now some resistance at 1.3320, but not a big bounce so maybe we go down, I keep open my sold for now
Be an investor, not a gambler!
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