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What do you wish to achieve through forex?
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togr

Member Since Feb 22, 2011  4443 posts vontogr (togr) Feb 29 2016 at 15:19
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !


Yeah, poor people has to drink old wines, eat mold cheese and drive cars without roof :)

I like what I trade, I trade what I like
trendfollowers

Member Since Dec 22, 2015  274 posts trendfollowers Feb 29 2016 at 15:23
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !


Wine?! Not rum?!

If you want to go fast, go alone. If you want to go far..Go together..
FXtrader2010

Member Since May 20, 2011  724 posts FXtrader2010 Mar 01 2016 at 07:21
trendfollowers posted:
FXtrader2010 posted:
I try to make enough money so I can buy wine to drink !


Wine?! Not rum?!
rum, beer, wine :)

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Mar 01 2016 at 10:13
togr posted:

Well at some point you need to reach the decision stay in your day job with all the positive and negative or leave and trade for living.
It depends on your approach to life. I could say it was the best decision I have ever made.


Oh, you're absolutely right. I've been thinking about it for a while now, but I lack the courage and confidence to make that final step. I feel like I should be a bit more consistent in my making profits while trading before I do that, even though I can tell I am improving.

Lamirt

Member Since Apr 19, 2016  11 posts Lamirt May 18 2016 at 06:20
To become independent trader, to trade as professional and not as hobby. After it is done, I can think about some gains for living. I suppose it is better to concentrate on big goals stage by stage instead of climbing to the very top of sky-castle and then fall death after an unlucky trade :D

dkilmer

Member Since Jun 07, 2015  90 posts FSM (dkilmer) May 18 2016 at 14:35
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .


Everything in the market is like a fart, if you have to force it, it is probably shit
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 19 2016 at 09:43
dkilmer posted:
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .



You know, if you start trading professionally you'll probably be spending a lot of time in front of the charts too. Work is work, regardless of where you're doing it.

dkilmer

Member Since Jun 07, 2015  90 posts FSM (dkilmer) May 19 2016 at 12:50
mlawson71 posted:
dkilmer posted:
I believe the greatest reward for all this hard work will be doing it full time and dropping my day job. I am a chef, and it is rewarding and well paid, but I spend a lot of time at the kitchen and not at home with my children. Of course, I would love more extra cash for fun things like hobbies and music, and enough to save to invest for the kids, but if all I could get was a job I could do from home, I would be most satisfied .



You know, if you start trading professionally you'll probably be spending a lot of time in front of the charts too. Work is work, regardless of where you're doing it.


Clearly, you don't have kids and/or you don't know what it is like to work in a kitchen.

As I said, it would yield much more time with my kids and wife. Do I need to explain how, or can you figure it out on your own

Everything in the market is like a fart, if you have to force it, it is probably shit
BrentB

Member Since May 20, 2016  1 posts BrentB May 20 2016 at 08:00
After going through the threat of redundancy and dodging that bullet last year, I decided to try a couple of other ventures that failed but led me to Forex trading. I've been practicing and learning as much as I can and am about to go live.
What do I want out of it.... To be able to replace what I am earning now with taking only 50% of the weekly profits. When I can do this and having a stable return, then I will look at replacing my day job and learn to live life and not work it!

FxMasterGuru

Member Since May 04, 2012  1598 posts FxMasterGuru (FxMasterGuru) May 20 2016 at 13:27 (edited May 20 2016 at 13:29 )
'...the final results of the study yielded that over a four-year period (2009-2012), the percentage of investors experiencing losses came in at 89%. The average loss of a customer during this period was $13,800 (€10,900).

In the four years combined, a total of 13,224 customers experienced aggregate losses of nearly $220 million (€175 million), with the remaining 1,575 customers earning a combined $17.51 million (€13.8 million).'

Full article:
https://www.financemagnates.com/forex/analysis/amf-publishes-four-year-fx-study-89-of-investors-experiencing-losses/#sthash.ID5Rlr4w.dpuf

1. I have to assume that the 89% who have lost an average of $14k were probably not too dumb... Still they have ended up as losers.

2. On the other hand the lucky 11% has made an average of $11k profit during the same 4-year period, which is $5k per year...

Well, that is the reward (i.e. $5k per year) for becoming a Top 10% trader...! I guess even McDonalds pays higher yearly salaries...

Is that what you wish to achieve through Forex...?

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
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