Marketsurfer,
There may be the random guy with a few grand who can generate a a steady income with forex, but for 99.999% you need a substantial amount of money tucked away to really make a go of it.
Oldtime is giving me a hard time about my approach, but the simple reality is that he is forgetting he has already built up substantial capital to trade with. I don't have this capital. All I can do right now is scratch together a few grand once in a while in a perhaps futile effort to buld up an account that is large enough to trade well. He can call this gambling if he wants, but I enter and exit my trades with considerable thought, and risk the quantity of money I am comfortable risking.
With the exception of a small few, I think this limitation is the reality for the vast majority of us. So, yes, full time traders do exist. Are they profitable? Perhaps, the large players are, but most of the small players aren't.
As for the comments earlier from one member who was so negative about this thread. I say: tough luck! Since arriving at ET, I have had many longer term members go on the attack with me. Everytime I show any vulnerabilty on this forum, the same members go on the attack. I see a bunch of liars, frauds and deluded people, and only once in a while do I actually see a sane person who can actually trade with real money. So although I understand why the successful may not want to show their face, I have little sympathy for thise of you who question me when I ask for some proof of their success.
