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

Quote from SimpleTrades:

My only trades in May.

Oldtime and Cornix, these are not random guess trades. Can you see why??
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Why use Quest when you have an Oanda account?
 
Quote from SimpleTrades:

Yes, but on larger time frames you need a much wider stop which is precisely what I am doing. You see my selection process is not quite as trivial as oldtime is arguing. I am attempting to make a trade that I expect may go against me in the short term but will move in my favor in the longer term. I won't go into all the details of my decision making, but I have a high degree of confidence with this choice given the nature of a major floating currency pair. They aren't like a stock which can move in one direction all the way down to zero.

With my day job, I don't have the luxury of being able to place trades during the day. I have to be able to make trades that I can comfortably walk away from and examine in the evening or next morning.
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I will agree with you. Forex is not like some stock which can go to zero or up to infinity if someone gets a bug up their ass.

but the price you pay for that insurance is the leverage needed to make even a small profit.
 
Quote from oldtime:

yes, when I first started trading forex, that's all I did, all day long, just take small losses. "Whoa, look at me, I'm a fulltime trader who gets stopped out! Not like those dumbass amateurs who just hang on."

after a while I learned just at the point I was getting stopped out is the time I should have been entering

why add pain to suffering?

it was bad enough I entered too early, and now I am going to compound that error by exiting when I should be entering?

the thing about those forex positions, they don't spoil and have to be thrown in the trash every night like the restaruant owner's fresh produce

but if it didn't sell today and nobody bought it, you sure as hell don't need to buy anymore tomorrow
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Entries matter. Of course just cutting losses won't help if you don't know when and where to enter. :)
 
Quote from atticus:

Why use Quest when you have an Oanda account?
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With Oanda, margin requirement in 4.5% for EUR/USD not 3%. Also, Quest allows me to easilly transfer forex profits into my stock trading account. The Stock trading account is purely for long term investments. Questrade also supports all of the Canadian investment vehicles like RRSPs and TFSAs.
 
Quote from cornix:

Entries matter. Of course just cutting losses won't help if you don't know when and where to enter. :)
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yes, but whan I was younger, I had very good entries, now that I am old it is about 50/50
 
Quote from oldtime:

yes, but whan I was younger, I had very good entries, now that I am old it is about 50/50
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Your experience works in the reverse way? :D
 
Quote from cornix:

Hmm... do you believe consistent good timing is impossible?
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the funny thing is, good timing is exactly what I try to do in my conservative account. Over there I have been long the S&P since 2006, and know someday I will need to get flat. Plus I am about 50% in bonds, what's a guy suppose to do there? And just to make things worse, I am sitting on a pile of cash, losing me money everyday.

no, timing is everything
 
Atticus, before I get caught in what looks like a lie, I should explain. Those trades that I posted do show trades made during the day which happens to be my schedule. I know I said I can't make trades during the day, but once in a while I do get a window of time between my wife's work before noon when I'm caring for the baby, my CFA exam study until 2pm, and my work schedule from 3pm to 10pm.
 
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