I also have friends who have been trading for over 10 years. I can't say that their career became profitable from the very first days, but now they get a stable income and, most importantly, they are constantly learning. The market changes a lot every year, new assets, strategies and trends appear. Therefore, their way cannot be fully used as an instruction to trade today. But their stories inspire and motivate us to develop, because none of them came to success quickly. But now their experience and knowledge bring them money, which can be compared to the salaries that people get at the official work in the office or a large organization. By the way, many of them hide their way of earning money, because many other people do not consider Forex to be a serious business.
Its a long jurney, most people dont expect it to be full of obstacles, failures, losses and more, but once those are overcome, you bet you will be in for the ride of your life. Sacrife and discipline pays up in the markets.
togr posted: It is not strange if you keep trading forex for 10+ years because you are profitable. Let me rephrase the question, is there anybody trading for 10+ years and still losing money? I would like to know your motivation:)
That would be me! I started October 2008 and I am still struggling to make money.
But my motivation is that forex is the best business there is, and I know it is possible to make a living and retire from forex. Last year, I turned AUD$50,000 into AUD$13,000,000 in two months using high risk on CHFSGD and EURTRY, but on 3 January 2019 I lost 96% because of the Yen Flash Crash. I only withdrew AUD$80,000 for my mother, and I agree that greed was the major factor in my loss: I was earning AUD$100,000 per day and I didn’t want to stop.
Well, at least I can say “been there, done that.” Though it would be nice to “be there” again... some day maybe...
I don't get how you can lose pretty much everything when you banked 13M...
keeping things in perspective.trading forex full time is a career and profession.other professions like doctors and in science require many thousands of hours learning and training on job so why should trading be any different.?since most are doing learning and trading part time why holding down a job;10 years and many more learning to get a degree to print money should equate to a lot of time in training.in fact we are are doing less intensive training with probably way less hours in study; and in pressure and stress too ;to some degree.i trade as a hobby ;with knowledge each mistake is one less to make till happy with results; that differ from person to person.there are few shortcuts in this business.at least trading there is no student loan to pay off as trading should only be with excess expenses and not loans.on a weekly basis cost is also not great on a persons budget.i am looking for high risks/rewards trading as have work retirement schemes that average single digits per year.also even losing money is interesting ;because no moans losing money at a casino;they know the risks. in forex it seems different to people.is it because people study a system hard then fails;the pain of losing is worst;than just straight out gambilng?
Gowaletasia posted: I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ? I'm sorry to ask this because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent my opinion for long term 100% forex traders must have lost therefore many brokers give a lot of bonuses please let me know if my opinion is wrong 😐