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Thread: Anybody Actually Making a Living Trading FX?

  1. #11
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    It needs thinking:

    At Casino, Loser pay "dealer and winner".

    In Currency trading, Where the money go? Since brokers are winner all the time, How much money go for smaller trader ?

    I only know 2 smaller trader, Friend's friend, 10 years ago, he used to win 60% each year but he lost money for this recently year and quite trading, My sister, She is newbie, She lost $20,000+ real money in 3 weeks which happen 10 months ago.

  2. #12

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    trading in reality is like robbing a bank or casino.
    Same amount of planning
    and about same rate of failure
    ***
    banks and casinos are set to take your money,
    why people believe otherwise?....
    ***
    trading is going against all the odds set against you.
    ***
    or most of the odds. So first thing is to learn the consequences and develop a work around plan.
    and with trading you can test it, before going live

  3. #13
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    TREND ALEXCUD IS A GREAT INDICATOR AND EA THAT IS BEING DEVELOPED IS THERE ANY THAT THAT ALL THE TIME FRAMES IN ONE IS 1 M 5M 15M 30M 50 MIN 240MIN 1440 10080 AND 43200 IF ANYBODY CAN CODE OR ALREADY HAS IT PL FORWARD IT TO REALLY APPRECIATE IT MY e mail is robbyrobby160@yahoo.com

  4. #14
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    Default hi great advise here is a little request

    TREND ALEXCUD IS A GREAT INDICATOR AND EA THAT IS BEING DEVELOPED IS THERE ANY THAT THAT ALL THE TIME FRAMES IN ONE IS 1 M 5M 15M 30M 50 MIN 240MIN 1440 10080 AND 43200 IF ANYBODY CAN CODE OR ALREADY HAS IT PL FORWARD IT TO REALLY APPRECIATE IT MY e mail is robbyrobby160@yahoo.com

  5. #15
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    Why post here?

    Funyoo did a EA for it allready, Please look under link.

    http://www.tradingsystemforex.com/ex...-joget-ea.html

  6. #16
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    To make a living on the forex market you need at least 30K in your account and you simply have to make 1% to 2% every business day.

    On certain currencies trade without stops, or 300 pips stops. I KNOW I KNOW a lot of people will reply (Hey this guy is crazy 300 pips stop loss), well my answer to all of these people is (How many times did a trade hit your stop loss and came back at breakeven or your original take profit after a few hours or days?)

    I have been on this market for 5 years now, lost money on the first year, made money the second year, lost money the 3rd year, and here I am now making constant profits since 2 years.

    You have to believe in your trades and when they don't go your way just get off the screen and do something else. Don't close a trade when it's looking bad because most of the time you will take the loss and the market will breath and come back to your entry point. If you consistently get hit on stop loss you will always lose money, what about always hit the take profit and grow the account. Don't try to hit 250 pips trades it takes too much time, scalp the market and make your 1% or 2% everyday.

    Manage your lot size properly to your account size and you it is more than possible to make money. For a trade to be profitable it can take some time, don't think you will nail 20 pips every 15 minutes, wait and let it run.

    If you have a 5K account and try to make a living on forex, then I don't know what to tell you except Good Luck!

  7. #17
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    Hi Forexdude

    Of the 30K what percentage would you personally risk per trade ?

  8. #18
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    Quote Originally Posted by forexdude View Post
    To make a living on the forex market you need at least 30K in your account and you simply have to make 1% to 2% every business day.

    On certain currencies trade without stops, or 300 pips stops. I KNOW I KNOW a lot of people will reply (Hey this guy is crazy 300 pips stop loss), well my answer to all of these people is (How many times did a trade hit your stop loss and came back at breakeven or your original take profit after a few hours or days?)

    I have been on this market for 5 years now, lost money on the first year, made money the second year, lost money the 3rd year, and here I am now making constant profits since 2 years.

    You have to believe in your trades and when they don't go your way just get off the screen and do something else. Don't close a trade when it's looking bad because most of the time you will take the loss and the market will breath and come back to your entry point. If you consistently get hit on stop loss you will always lose money, what about always hit the take profit and grow the account. Don't try to hit 250 pips trades it takes too much time, scalp the market and make your 1% or 2% everyday.

    Manage your lot size properly to your account size and you it is more than possible to make money. For a trade to be profitable it can take some time, don't think you will nail 20 pips every 15 minutes, wait and let it run.

    If you have a 5K account and try to make a living on forex, then I don't know what to tell you except Good Luck!
    completly right! - additional, 30k account is for an "normal" living, if you spend some time in extended vacations, bigger house, car(s), girlfriend(s), you need 50k

    my 2c

  9. #19
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    topcat, I go with 3 to 5% risk per trade.

  10. #20
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    What currency is good for live trading with better result?

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