Trading forex is one business and result in business usually will vary and not fixed, in addition forex trading is risky, not always as trader will achieved target, sometime loss occur, because this reason I am treat as part time making more enjoy in my life
Who is actually making money trading?
- Thread starter stockoptionstrader
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I agree, working with Forex part-time, it works fine for me
Me too, I see so many trader treat forex as part time business because one advantage forex business is we can trade as long as we have spare time might after we finished all our main job offline, now easier to access forex because many device already support platform trading
I guess you are quite new to trading business? What I see over last decade is totally opposite to what you feel. Majority of their portfolio were underwater for years where most of them ended up quitting trading together. I'm not talking about average investors/traders here because these group of traders I knew for years are the ones who either had a master degree or MBA background. They worked hard and they knew how to do due diligence when it came to learn the craft of trading. But....
Has nothing to do with profitable trading. You don't need either of them.
You are right about that, where the 95% who lose are new traders with less than 3 years, it often takes 3 plus years till you are honest with oneself. I love the people who want to day trade and think they can spend few hours a night by themselves groping through 1,000s of youtube thinking something makes sense till they start trading. When I ask what are chart patterns, usually get the same answers like triangles or wedges, but when you start talking about 3 bar patterns or volume comparisons of demand and supply, failures, trendline to the mean or rounded extremes, they look like deer in headlites. Often times it is the nuances that negates signals cause rules based on chart patterns most won't study or discover cancels out 1-2 losing trades a day.
Most people in Bull markets are making money...till......
I have no idea what are the things you mentioned in the second part
-- but I still trade profitably.Oh well, different strokes for different folks -- that's the beauty of trading...it's part art, part science...can be interpreted differently between people.
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I made 50% in October. But I still have to make 4900% in order to be able to live entirely from my trading since I would only withdraw 5% monthly (Max Risk) to cover my expenses. Yep ... A salary is a loss and one need a margin of safety too (Redundancy). The journey is going to be long. Patience my friends.
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When someone sees patterns which do not really exist, this is known as apophenia.
If you stay profitable you should change your alias. Unless the link between your alias and your return would not be real.
