Do full-time forex traders exist or is it just make believe?

just to answer the other question posted in the question: full time. That I am not. Usually I just trade live 1 or 2 trades a day and I'm done. Overtrading, been there done that. Tuesday was a great day, 3 trades, nice money. The biggest trade occurred while I went to get a milkshake.

Rebates are only $3/lot, but are a nice extra. Too bad the NFA has their monopoly on those resident in the Land of the Free.

I'm starting to get a sense of trollism on this board. Ahh, the wonderful anonymous internet. I only went public with my results because a troll in another forum said "10%/month is impossible." I'm already up 13% in a few days in my new account.

OP, it's very possible. You just need to find a checklist of the "bad behaviors" and not do any of those things like overtrading, clicking on any price movement, etc... Don't listen to other people either. Probably most everywhere you go, they lose. So don't listen to them. Last but not least, I wouldn't recommend trading real money until you have gotten over the biggest hump of them all: your own psychology.

I'm not here to try to say that I'm some sort of trading god. I had a bad entry yesterday (somewhat emotional trade), had to live with the drawdown, and then took a loss of -3.5 pips. Mistakes happen. I don't want it to happen again, so what am I going to do? Review the rules.

Good luck!
 
Thank you, I trade4you-brasi-- I have not heard of FX rebate trading.

If you want to get noticed in the USA , try covestor or profit.ly. Good luck to you, also. That's one heck of a performance record, sim or real!

surf
 
Congrats on your results brazi

I dont think you can fake fxbook results so I have to say I am impressed

That result is even better than what was posted last year by the 'siberian crow'-- who until now I thought was the only profitable bucket shop daytrader on earth.

Now I know there are two. :D

maybe you can even steal legendary nodoji's trading crown, but we wont ever know cuz she got offended when asked for proof...

How long have you been trading profitably?
 
Myfxbook is not a broker, but 100% reliable 3rd party verification of trading activity. I used it myself back in 2012 to show some of my trading.

Also it clearly shows Brazil trades live account (there's verification mechanism to prove it on Myfxbook). Kudos to him.

I don't understand claims like "it's a micro account". We all know FX liquidity is bottomless, so whatever is done on micro account can just as easily be replicated on huge account. Strategy/tactics would not require slightest adjustment.

So yes it clearly is possible and 10%/month is rather moderate profitability for a good day trader in any market.
 
Quote from Ol' Yella:

Congrats on your results brazi

I dont think you can fake fxbook results so I have to say I am impressed

That result is even better than what was posted last year by the 'siberian crow'-- who until now I thought was the only profitable bucket shop daytrader on earth.

Now I know there are two. :D

maybe you can even steal legendary nodoji's trading crown, but we wont ever know cuz she got offended when asked for proof...

How long have you been trading profitably?
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I switched to NQ from FX, due to more predictable volatility and to manage OPM more effectively (dealing with US clearing firm is a paradise compared to European FX broker, so much easier. :) ).

Now trade about 2 hours a day making average of two figures % gain per month and not going to get back to sitting all days watching FX. :D

But once again, that's not because FX trading is impossible, simply because it takes less time to trade SIFs with about the same result and because I trust US financial sector more than European as EU is doing some crazy moves towards almost blatant socialism, which I hate with all my soul (lived in USSR, thank you very much, not anymore to deal with that crap ever :D ).
 
George Soros is THE prime example of a successful forex trader. He can easily afford and does give away a billion a year.
I doubt he sits hunched over his PC all day trading though.
 
Cornix, you know better than to say FX liquidity is bottomless. While the interbank market is highly liquid, you are not trading in this market. You are trading via a dealer who makes your price and available liquidity. It's a pseudo market full of fraud and chicanery. I have heard of dealers shutting off clients who are too successful etc.

surf
 
Quote from Humpy:

George Soros is THE prime example of a successful forex trader. He can easily afford and does give away a billion a year.
I doubt he sits hunched over his PC all day trading though.
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Exactly. Well stated
All the large FX traders are fundamental based and trade the actual interbank market not with dealers. As a sideline, my trading mentor Vic Niederhoffer traded and was taught by Soros. surf
 
I am with Dukascopy since a week, that's a real ECN, pretty deep for most players out there ... The real thing is even better than the demo ...
 
Quote from cvds16:

I am with Dukascopy since a week, that's a real ECN, pretty deep for most players out there ... The real thing is even better than the demo ...
More...

Are they Russian or Swiss based? I can't tell by their site. Thanks!
 
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