Anyone Trading For A Living?
Miembro desde Dec 21, 2012
posts 1
May 04, 2014 at 07:45
You know you are getting close to professional trading when making money is ordinary and you just are grinding out the pips daily.
Find your edge and perfect that edge. In terms of the maths to be a pro?
50% return a year on capital.. so 1% a week... so 100pips a week at 1:1 leverage. That's 20pips a day on average.
When you can do this on 1-2 lots comfortably i would say you can consider quitting your day job.
Before that just stay in work and build up the tradecraft and build up the trading balance.
If you have blown up your account in the last year you are not ready to trade full time.
Depending on how well you know yourself then you should be able increase the leverage slowly without increasing the chance of a trading disaster.
Cheers TradeAlerter
Find your edge and perfect that edge. In terms of the maths to be a pro?
50% return a year on capital.. so 1% a week... so 100pips a week at 1:1 leverage. That's 20pips a day on average.
When you can do this on 1-2 lots comfortably i would say you can consider quitting your day job.
Before that just stay in work and build up the tradecraft and build up the trading balance.
If you have blown up your account in the last year you are not ready to trade full time.
Depending on how well you know yourself then you should be able increase the leverage slowly without increasing the chance of a trading disaster.
Cheers TradeAlerter
Miembro desde Jun 03, 2010
posts 696
May 04, 2014 at 11:22
actualizator posted:adrian8891 posted:Any chance to share them? :)
As few of here, I also trade for a living. Actually, my robots do it for me. I only check balance and statistics.
Beside that, I'm unstopable to create new robots.
Regards
https://www.myfxbook.com/members/adrian8891
PAMM MANAGER // Professional Fund Manager
Miembro desde Mar 10, 2014
posts 18
May 04, 2014 at 21:33
1 1 if you mean 10 dollar a pip minimum you will need 100 k on your account, anything less can get gobbled up real fast. Strats that work on small pips big leverage always fail over time.
Take a loss real quick
May 10, 2014 at 14:33
There are several 'Profitable Forex Trader' outthere. They succeeded to grew up their account month by month and even year by year. You can do checked in 'System' here and find out several of it.
I think, It's not easy way to become the 'Profitable Forex Trader', their have spent million hours to learn, understanding, practice in DEMO or REAL Acc, and finally, get the 'Success Key' become the 'Profitable Forex Trader' and enjoying the withdrawal for living.
HDF :
https://www.myfxbook.com/members/hermosa/final-destination-1/879845
I think, It's not easy way to become the 'Profitable Forex Trader', their have spent million hours to learn, understanding, practice in DEMO or REAL Acc, and finally, get the 'Success Key' become the 'Profitable Forex Trader' and enjoying the withdrawal for living.
HDF :
https://www.myfxbook.com/members/hermosa/final-destination-1/879845
Miembro desde Feb 01, 2013
posts 27
May 10, 2014 at 15:33
You know when you are a full time trader when you can match Trade Alerters results. One of the most consistent traders on here!
May 20, 2014 at 16:25
James_Bond posted:
I'm wondering how many traders are actually trading for a living? Please do not spam you system here as that is not the point of this topic. What I'm looking to find out is the answers to the following questions, (if you are trading for a living):
- How did you make the move from part time trading to fulltime?
- What starting capital did you require to trade full time?
- Has your performance changed once you did the transition from part to fulltime?
- Are you happy with your decision?
- Do you trade only your own money? Either yes or no, why?
- Do you see yourself still trading fulltime in the long term?
If more questions come to mind, I will be sure to post them as well 😄
I´ve tried... not a good experience!
Jun 19, 2014 at 11:47
Well don't be discouraged if you have loses, just take them and move on. I personally blew like 3 accounts before i started making profits. Just keep on reading, enhancing your knowledge, there are patterns that are unique to each particular currency pair, and you will discover them eventually.
http://www.freeforexrebates .info
Miembro desde Jun 21, 2014
posts 2
Jun 22, 2014 at 07:03
James_Bond posted:
I'm wondering how many traders are actually trading for a living? Please do not spam you system here as that is not the point of this topic. What I'm looking to find out is the answers to the following questions, (if you are trading for a living):
- How did you make the move from part time trading to fulltime?
- What starting capital did you require to trade full time?
- Has your performance changed once you did the transition from part to fulltime?
- Are you happy with your decision?
- Do you trade only your own money? Either yes or no, why?
- Do you see yourself still trading fulltime in the long term?
If more questions come to mind, I will be sure to post them as well 😄
many trader just trade for part time..... as pasive income....
TRANSPARENCY IS OUR WAY OF DOING BUSINESS
Miembro desde Jun 03, 2010
posts 696
Jun 23, 2014 at 03:06
mdnetworkfx posted:James_Bond posted:
I'm wondering how many traders are actually trading for a living? Please do not spam you system here as that is not the point of this topic. What I'm looking to find out is the answers to the following questions, (if you are trading for a living):
- How did you make the move from part time trading to fulltime?
- What starting capital did you require to trade full time?
- Has your performance changed once you did the transition from part to fulltime?
- Are you happy with your decision?
- Do you trade only your own money? Either yes or no, why?
- Do you see yourself still trading fulltime in the long term?
If more questions come to mind, I will be sure to post them as well 😄
many trader just trade for part time..... as pasive income....
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.
PAMM MANAGER // Professional Fund Manager
forex_trader_194159
Miembro desde Jun 09, 2014
posts 38
Jun 23, 2014 at 06:35
I am going to tell you something that you already know. Why we are here? Talking about signal providers.
We are here because we are doing for a living. We trade and make money from trading.
Anyhow at the beginning of the investing in FX market, averyone of us was doing something else, but few of us started to make a living from trading.
I am a long term profit maker, you can watch my verified account and this is what I do for a living.
Ofcourse we can transform our trading into big businesses such as an ETF or investment fund or bank and so on, but this is what we do , repeat, for a living.
Otherwise we won't be signal providers.
We are here because we are doing for a living. We trade and make money from trading.
Anyhow at the beginning of the investing in FX market, averyone of us was doing something else, but few of us started to make a living from trading.
I am a long term profit maker, you can watch my verified account and this is what I do for a living.
Ofcourse we can transform our trading into big businesses such as an ETF or investment fund or bank and so on, but this is what we do , repeat, for a living.
Otherwise we won't be signal providers.
Jun 23, 2014 at 10:04
Adrian, here a few of my experiences making the move to trade full time.
Did it change my performance? Yes! A lot actually. Trading is very hard, yet why do we keep believing we can do this a little bit here and there, and be better than the pro's. Another aspect of it is getting your mindset into the professional thinking. If this was your job, and this was $500M, would you be taking that risk? Would you have done more homework before committing to that system? If you had 20 people asking questions why, would you have a good rationale behind your system? So it required a great deal of time commitment, and a professional approach. I'm sure people will comment and say they can do this part time and be successfull... Great! good for them, I'm just talking about my own experience. I see myself trading full time in the long term, because it's the kind of work I enjoy, being my own boss, being geographically free (I can do this job from anywhere in the world where they have super internet). I also like programming, math statistics etc.. and I can combine all that with trading and/or trading research. On the starting capital, well... guess that depends on what standard/cost of living you require. For accounts to make real money, you should not withdraw from it too soon, so I guess you should at least have a year worth of savings that can keep you alive without touching your trading capital. As trading capital itself, well simple math, if you want to earn $50K/year, and you can make 10%profit after taxes on low risk strategy, you need more than $500K. I'm sure lots of folks will disagree with me. If that adds to a great constructive chat, then I look forward being corrected.
Cheers,
Did it change my performance? Yes! A lot actually. Trading is very hard, yet why do we keep believing we can do this a little bit here and there, and be better than the pro's. Another aspect of it is getting your mindset into the professional thinking. If this was your job, and this was $500M, would you be taking that risk? Would you have done more homework before committing to that system? If you had 20 people asking questions why, would you have a good rationale behind your system? So it required a great deal of time commitment, and a professional approach. I'm sure people will comment and say they can do this part time and be successfull... Great! good for them, I'm just talking about my own experience. I see myself trading full time in the long term, because it's the kind of work I enjoy, being my own boss, being geographically free (I can do this job from anywhere in the world where they have super internet). I also like programming, math statistics etc.. and I can combine all that with trading and/or trading research. On the starting capital, well... guess that depends on what standard/cost of living you require. For accounts to make real money, you should not withdraw from it too soon, so I guess you should at least have a year worth of savings that can keep you alive without touching your trading capital. As trading capital itself, well simple math, if you want to earn $50K/year, and you can make 10%profit after taxes on low risk strategy, you need more than $500K. I'm sure lots of folks will disagree with me. If that adds to a great constructive chat, then I look forward being corrected.
Cheers,
Jun 25, 2014 at 07:11
growthera posted:
Adrian, here a few of my experiences making the move to trade full time.
Did it change my performance? Yes! A lot actually. Trading is very hard, yet why do we keep believing we can do this a little bit here and there, and be better than the pro's. Another aspect of it is getting your mindset into the professional thinking. If this was your job, and this was $500M, would you be taking that risk? Would you have done more homework before committing to that system? If you had 20 people asking questions why, would you have a good rationale behind your system? So it required a great deal of time commitment, and a professional approach. I'm sure people will comment and say they can do this part time and be successfull... Great! good for them, I'm just talking about my own experience. I see myself trading full time in the long term, because it's the kind of work I enjoy, being my own boss, being geographically free (I can do this job from anywhere in the world where they have super internet). I also like programming, math statistics etc.. and I can combine all that with trading and/or trading research. On the starting capital, well... guess that depends on what standard/cost of living you require. For accounts to make real money, you should not withdraw from it too soon, so I guess you should at least have a year worth of savings that can keep you alive without touching your trading capital. As trading capital itself, well simple math, if you want to earn $50K/year, and you can make 10%profit after taxes on low risk strategy, you need more than $500K. I'm sure lots of folks will disagree with me. If that adds to a great constructive chat, then I look forward being corrected.
Cheers,
I disagree...;)
forex_trader_194159
Miembro desde Jun 09, 2014
posts 38
Jun 25, 2014 at 07:43
growthera posted:It can be better than that, but generally you are almost right, especially when it's about trading stocks, but not derivatives or forex where 10% per month it is a normal profit.
Adrian, here a few of my experiences making the move to trade full time.
Did it change my performance? Yes! A lot actually. Trading is very hard, yet why do we keep believing we can do this a little bit here and there, and be better than the pro's. Another aspect of it is getting your mindset into the professional thinking. If this was your job, and this was $500M, would you be taking that risk? Would you have done more homework before committing to that system? If you had 20 people asking questions why, would you have a good rationale behind your system? So it required a great deal of time commitment, and a professional approach. I'm sure people will comment and say they can do this part time and be successfull... Great! good for them, I'm just talking about my own experience. I see myself trading full time in the long term, because it's the kind of work I enjoy, being my own boss, being geographically free (I can do this job from anywhere in the world where they have super internet). I also like programming, math statistics etc.. and I can combine all that with trading and/or trading research. On the starting capital, well... guess that depends on what standard/cost of living you require. For accounts to make real money, you should not withdraw from it too soon, so I guess you should at least have a year worth of savings that can keep you alive without touching your trading capital. As trading capital itself, well simple math, if you want to earn $50K/year, and you can make 10%profit after taxes on low risk strategy, you need more than $500K. I'm sure lots of folks will disagree with me. If that adds to a great constructive chat, then I look forward being corrected.
Cheers,
Jun 25, 2014 at 22:21
adrian8891 posted:For long run trading you need to be able to have distance and enough rest to maintain sanity.mdnetworkfx posted:James_Bond posted:
I'm wondering how many traders are actually trading for a living? Please do not spam you system here as that is not the point of this topic. What I'm looking to find out is the answers to the following questions, (if you are trading for a living):
- How did you make the move from part time trading to fulltime?
- What starting capital did you require to trade full time?
- Has your performance changed once you did the transition from part to fulltime?
- Are you happy with your decision?
- Do you trade only your own money? Either yes or no, why?
- Do you see yourself still trading fulltime in the long term?
If more questions come to mind, I will be sure to post them as well 😄
many trader just trade for part time..... as pasive income....
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.
Miembro desde Mar 17, 2014
posts 6
Jul 22, 2014 at 10:08
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
Jul 28, 2014 at 19:35
I am 17 so I wasn't supposed to be trading.
However I got started in the FX world 3 years ago, 2 years ago I started having profits and have been having consistent results for the past year.
I have a lot of time in my hands since I don't need to put much time in school to have good results.
As a result, I dedicate a lot of hours to forex, since 13h GMT to 22h GMT sometimes more, sometimes less (I don't trade all the time since the volatility dies, I use the rest of the time to learn more about forex and try to improve my trading strategy.)
I don't trade forex for a living but I do get some extra money out of it. I trade because I like, the money is just a small reason for me.
Hopefully, one day I will be a full time forex trader.
However I got started in the FX world 3 years ago, 2 years ago I started having profits and have been having consistent results for the past year.
I have a lot of time in my hands since I don't need to put much time in school to have good results.
As a result, I dedicate a lot of hours to forex, since 13h GMT to 22h GMT sometimes more, sometimes less (I don't trade all the time since the volatility dies, I use the rest of the time to learn more about forex and try to improve my trading strategy.)
I don't trade forex for a living but I do get some extra money out of it. I trade because I like, the money is just a small reason for me.
Hopefully, one day I will be a full time forex trader.
