Make a living trading FOREX?

Quote from shiko2000:

How does one succeed in Forex? You need access to large amounts of capital, insider knowledge, millions of $ in trading technology, and millisecond execution speed///////

It is not so. All you need is yourself.
No insider information is needed, but yes, we need other people money.

I was thinking I can put aside $10 000 and start trading and making money from here. Fat chance! I gotta make 10% monthly at the very least to be self sufficient within few years. Isn't it much better to make few % a month consistently with low DD and get OPM to trade? It would take much less time to start earning for a living!!!
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Self confidence is vital in any type of trading. But make no mistake, this is a war. You need to be physically, mentally, and spiritually prepared. You also need to get the best tools, technology, and know-how you can afford.

I would not discourage anyone from Forex trading, but I have the freedom to choose who I fight against. And I choose to fight against weaker players rather than a heavyweight. Because in the end, it's who ends up with the money, not who wins against all odds that count.

Best of luck, and come tell us later how things turn out!
 
I would not discourage anyone from Forex trading, but I have the freedom to choose who I fight against. And I choose to fight against weaker players rather than a heavyweight. Because in the end, it's who ends up with the money, not who wins against all odds that count///////


I wonder, what do you trade? equities, futures, options?

Of course it is good to have team of annalists giving you some tips, but for now I gotta manage without it.
Actually, all the point to succeed in Forex is not to trade against the smart money but to go with them.
 
I understand. As you trade equities, you meant probably that Forex market is a blind one. We cannot see volumes and other stuff you can see on Level 2 and 3.

But actually with some differences it is all the same.
I guess futures must be the most dangerous thing to trade. i work with a guy who trades options. It seems each one choose something that suits his/ her personality the most.
I traded equities a little bit, but I decided finally to concentrate on FX market. It suits me better.
 
Quote from wee man:

Hi,
Yes that's where I read about them but I was just wondering if anybody had used their services and had any feedback.
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James16 seems to have quite a following over there, it might be worth reading through his thread if you've got a spare couple of weeks!
 
Making money in Forex is the hardest things to do online, you need a good strategy, money management and strictly following rules "manner", this is basic and important.Firstly, you need to find a profitable strategy, keep looking for it.
 
Quote from myfxfunds:

Making money in Forex is the hardest things to do online, you need a good strategy, money management and strictly following rules "manner", this is basic and important.Firstly, you need to find a profitable strategy, keep looking for it.
More...

Can you explain please, that's a little bit too advanced for us noobs.
 
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