Totally agree: to make a living out of trading, there are perhaps 1 / 10.000.
I figure, everybody started trading as a part-time job with less or more knowledge.
Lets see where time brings the noobs to.
Totally agree: to make a living out of trading, there are perhaps 1 / 10.000.
I figure, everybody started trading as a part-time job with less or more knowledge.
Lets see where time brings the noobs to.
I agree. In order to reside on trading income alone one needs to be exceptional, not simply good. Nevertheless, if you're â€just†good you can still earn some nice extra income.Originally Posted by ;
What defines a fantastic out of a good trader in your view? They are consistently profitable in the markets I guess? Whoever has a border / large enough funds can earn a living out of trading.Originally Posted by ;
So when the good trader makes an average return of just 10% per year on a 1MM account that he cant make a living?
In profit in forex trading is dependent upon science that have, together with the knowledge that the maximum would have been able to consistently get the profit. For it to perform to continue to perform in learning step by step in order to consistently profit obtained
Consistent traders trading RETAIL FOREX long term?
Zero. 0. Nada. Cero. Null. None.
If you want to earn money with FOREX, become a Broker (somewhat complied) or a more realistic approach, become an affiliate. Open a blog, a forum, a youtube channel, etc..
To make real money in any business, you need to either sell an actual product or a true service.
You can not make money trading thin air. (Wolf of Wall Street quote).
The men from forexsoutheast.asia, for instance, earn between 30K-50K a month as affiliates, and promoting banner advertising spots. They do not make a penny trading the market, and we're talking about the very popular forum in the business enterprise. Not one of the owners or admins, make a penny trading the market. Neither Merlin the magician or anything.
They know their stuff and they know they can do a lot of money with Forex, although not trading it.
To make money with Forex, you need to be smart enough to never waste your money trading the market, and also to stay away from trading.
You are right about everything except your opening statement. It is simply not true, really it's far from the reality. I might be wrong but you sound like one of these men who tried trading, wasnt powerful and now blames everything else but themselves for their failure. If you didnt create it trading FX, it doesnt mean others cant. I apologize if I am wrong but thats the vibe I get from you. I have seen it too many times before...Originally Posted by ;
in running Foreign Exchange trading industry should be to do with the studying before the run, because of the existence of a the Big risks should strive to enhance trading skills, achievement in Foreign Exchange it is based in its maximum capabilities in trading knowledge possessedOriginally Posted by ;
Are you saying you create a living trading RETAIL FOREX, month after month, and have done so for the last five years at least?Originally Posted by ;
Sorry, but I don't believe you.
According to official brokers stats for a period longer than 12 months, 99.6 percent of people trading RETAIL FOREX lose money in this scheme. (Virtually equal numbers as in Gambling).
Nuff Said.