Sorry mate. My attached means attached to Forex but not attached a files. Sorry for my bad English and gotten some misunderstanding.
Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
Hi Al_Bundy, the demo account is just a testing ground for different RMM strategies and has nothing to do with real live accounts. The only reason I use it is to get risk management information. I am not trying to say a demo account is any proof of how successful a system or robot is but it does give you a chance of trying out ideas before going live. I would not even consider going live with a strategy without extensive testing in demo mode first.
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Hmmm.. Guess I heard something like that...from thousands full-time forex traders. Actually it is only about ticking your fancy, talking about heaps of work and full-time chart reading. Actually you can make forex your hobby and give it 2-3 hours in a day. Just to play on some event.. That's it. Pattern you found won't probably appear twice on intraday market.
ok reading the last couple of posts got me a bit confused now..LOL
I have seen many struggling traders and most had wrong expectations first of all. Trading is a complex skill and it takes time for proper synapses to build in your brain.
What does it mean? That one has to deliberately practice SAME THING for a time long enough (individual for every person, depending on her neural constitution).
Now what most struggling traders do in reality? Try something... ahh doesn't work... something else... ahh shit, doesn't work too... et cetera. Infinite deadly spiral. They put amazing amount of efforts into searching instead of learning to perform and end up completely exhausted and with severe post-traumatic syndrome due to losses and absense of positive stimuli.
When in reality it's as simple as choosing a SINGLE instrument, SINGLE time-frame, SINGLE set of studies (or no studies at all except price), same colors of trading platform even to teach the brain react on same stimuli intuitively and automatically.
And do it until... not "if"... UNTIL it DOES WORK for YOU. No excuses allowed, period.
That's it shortly.
P. S. "He can show you where to dig and what to dig for, but the digging you must do yourself" (c) Matisyahu.
Well put
yep, round lots. Multiples too, especially for intraday cause stops are narrower and feels like less risk. I'm all-in and all-out because I haven't gotten around to installing the EA that will scale-out. I get $3 for every lot I trade in rebates that go to my paypal account every monthWhen I first got started I would drop down 10 lots. Nowadays, I work with less, but still make the same money. Today is an exception in my stats, I woke up too late and only got 10.5 pips and then gave back 3.5 on a different trade. 25 pips/day is my average. My favourite pair is the EURJPY.
After I get the "American Question" resolved - whether I'm going to hold onto US Citizenship or dump it, I'll open EVERYTHING up, except individual trades. Why show someone how do it when it took me years! Right now I have two different governments sending me letters (got one yesterday!!) saying to either file returns or pay up. This is why I will not discuss this sort of thing in public. If there are any other "US Persons" living overseas on here, they'll likely know what I'm talking about.
BTW - CLOSED END funds still exist. There are some really good sites with filters so you can find them. I was looking for some income-gernating ETFs the other day, but the charts look nasty. I prefer to stay in cash.
25 pips/day in what pairs ?
One of this thread participants, Wrbtrader has YEARS of every day track records posted on his site. He was around already when I was just starting to trade and he's still here, still shows profit almost every day from PA based day trading.
How is that not a proof I don't know.
Are you shilling for him , monkey ??
I am a full time Fx trader ( cash and options)