Donna Forex Forum

General => General Trading Discussion => Topic started by: froggy51 on July 04, 2011, 09:05:51 PM

Title: Who makes a living on Forex???
Post by: froggy51 on July 04, 2011, 09:05:51 PM
Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc
Title: Re: Who makes a living on Forex???
Post by: petersurrey on July 04, 2011, 09:38:06 PM
Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc

I am sure the vast majority are like me who trade part time - or allow bots to do it for them via a vps..although this produces a decent income I still don't trust bots enough to replace a guaranteed wage; in fact the two have to run concurrently  - trading ths way is way too risky to ever replace a job IMO. However IF you have the ability and inclination to trade manually giving up a job to trade would be a no brainer..you're not reliant on a possible short term fancy allogorithm..

I did very well with cloverix before the broker switched to variable spreads then moved to wsfx which is doing well at the moment. I use CNS and smartlivemarkets. You have to be rutheless and cull any bots which underperform quickly - I've tested loads like others here and view the sub. as part of my trading costs. Steady winner vs 5 is also a good option IMO.

Overall I believe it is very possible to make a ( high risk) living but it is hard work - constant reviewing of the latest options, tweaking strategies and pairs traded with existing bots to maintain and improve performance, adding new systems when other begin to fail and, as I said ealrier, it would be very brave of any one to do so without at least a years solid profits to allow this to replace a job..
Title: Re: Who makes a living on Forex???
Post by: oshun123 on July 04, 2011, 10:18:17 PM
You have one EA making you 10% per month, another with 5% per month and a third with probably 20% per month but cannot make a living from this earnings...i am surprised?

You definitely should put more money into your trading account with this results...but than i never have seen any EA which really has this kind of results...yes, maybe if you take hugh risk, but at the end all of them fail over the time. Look at all this famous EA's like Megadroid, Kangaroo EA etc. and you will see what i mean.

I trade manually and make about 10% monthly but I *definitely* could live from 10% earnings with an appropiate sized trading account.

If you really want to make a living from trading there is only one chance you have: learn trading. Keep it simple, keep risk low. Forget about EA's or other magic systems. Just trade what you see. The simpler your system the better it will be.




Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc
Title: Who makes a living on Forex???
Post by: froggy51 on July 04, 2011, 10:26:36 PM
You have one EA making you 10% per month, another with 5% per month and a third with probably 20% per month but cannot make a living from this earnings...i am surprised?

You definitely should put more money into your trading account with this results...but than i never have seen any EA which really has this kind of results...yes, maybe if you take hugh risk, but at the end all of them fail over the time. Look at all this famous EA's like Megadroid, Kangaroo EA etc. and you will see what i mean.

I trade manually and make about 10% monthly but I *definitely* could live from 10% earnings with an appropiate sized trading account.

If you really want to make a living from trading there is only one chance you have: learn trading. Keep it simple, keep risk low. Forget about EA's or other magic systems. Just trade what you see. The simpler your system the better it will be.




Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc
Good advice

What manual trading strategy do you use? Do you post on meet pips?

I have followed your advice by the way - putting more cash in my trading account this month... Lets see how it goes.
Title: Re: Who makes a living on Forex???
Post by: oshun123 on July 04, 2011, 10:41:20 PM
My strategy changed from using indicators to pure chart trading with support/resistance and trendlines. pivot points as well work quite good for me.

I started with EA's, continued with indicator trading and ended up trading like mentioned above. Over time I experienced that this works best. I avoid the news and times of low volumes as well as both cases often have unpredictable spikes messing up chart trading strategies.

I only go for small pip counts (about 10-15) and use tight stop losses against support/resistance.

You can take a look at my blog at

www.sevenpips.com

where you can find a link to my myfxbook statements for the 2 accounts I am trading.

As you will recognize from the charts sometimes I did not follow my rules...but i try hard. Every time i let loosers run i had a hard time, believe me. As soon as emotion come into the trade you will mess up. Therfore I really try to avoid trading without stop loss. At least at some point i put in a hedge position to win some time to cool down my emotions...

My prefered traders are Rob Booker and Joe the Trader (look at amazon book store for  for "the wallaby trade" and "five bullets"). Both seem to do quite well and have really simple trading systems.

Currently I am reading "the secret of economic indicators" from bamohl bernhard which gives a good overview which economic news have what kind of influence in forex. Even if i do not trade the news it helps me to understand when it is better to stay away from trading.












You have one EA making you 10% per month, another with 5% per month and a third with probably 20% per month but cannot make a living from this earnings...i am surprised?

You definitely should put more money into your trading account with this results...but than i never have seen any EA which really has this kind of results...yes, maybe if you take hugh risk, but at the end all of them fail over the time. Look at all this famous EA's like Megadroid, Kangaroo EA etc. and you will see what i mean.

I trade manually and make about 10% monthly but I *definitely* could live from 10% earnings with an appropiate sized trading account.

If you really want to make a living from trading there is only one chance you have: learn trading. Keep it simple, keep risk low. Forget about EA's or other magic systems. Just trade what you see. The simpler your system the better it will be.




Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc
Good advice

What manual trading strategy do you use? Do you post on meet pips?

I have followed your advice by the way - putting more cash in my trading account this month... Lets see how it goes.
Title: Re: Who makes a living on Forex???
Post by: petersurrey on July 04, 2011, 11:01:08 PM
You have one EA making you 10% per month, another with 5% per month and a third with probably 20% per month but cannot make a living from this earnings...i am surprised?

You definitely should put more money into your trading account with this results...but than i never have seen any EA which really has this kind of results...yes, maybe if you take hugh risk, but at the end all of them fail over the time. Look at all this famous EA's like Megadroid, Kangaroo EA etc. and you will see what i mean.

I trade manually and make about 10% monthly but I *definitely* could live from 10% earnings with an appropiate sized trading account.

If you really want to make a living from trading there is only one chance you have: learn trading. Keep it simple, keep risk low. Forget about EA's or other magic systems. Just trade what you see. The simpler your system the better it will be.




Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc

Oshun I note you have a 500 pip open trade drawdown on 3 trades and no stops on those trades - not exactly low risk..I do agree that manual trading is the ultimate goal..

froggy try to keep expectations in perpective here; 5% return per month is a staggering return and if you are getting 20% that probably means you are risking way too much. There is plenty of time to make profits IF the system or strategy is robust enough. Keep risk low - it was only 3 years ago that 2000-3000 pip fluctuations within a few days was the norm for major pairs. Only one bot (asirikuy bots) actually adjusts for this volatility by significantly reducing lot size..and has proven itself in ten year back tests to have survived ( 99% tick data).. a useful lesson..
Title: Re: Who makes a living on Forex???
Post by: oshun123 on July 04, 2011, 11:13:11 PM
The open trade is actually not my trade...the account is my nephews account and unfortunately his father from time to time thinks he has to gamble...i decided not to touch this trade anymore. It really gets on my nerves to see how he opens more lots in the same direction (like today) the deeper the account draws down.

It is really annoying in this case as I was able to bring the account up from 6800 to almost 19000 within 8 months just to see how somebody else looses 3600 USD within a few days...but I cannot change it.

About stops: I have to admit, i also trade without hard stops most times but only if i sit in front of my PC and no news are nearby. I try to avoid overnight positions, at least i hedge them.

And yes, i as well make mistakes but at least I know what i should do and try hard to avoid them.






You have one EA making you 10% per month, another with 5% per month and a third with probably 20% per month but cannot make a living from this earnings...i am surprised?

You definitely should put more money into your trading account with this results...but than i never have seen any EA which really has this kind of results...yes, maybe if you take hugh risk, but at the end all of them fail over the time. Look at all this famous EA's like Megadroid, Kangaroo EA etc. and you will see what i mean.

I trade manually and make about 10% monthly but I *definitely* could live from 10% earnings with an appropiate sized trading account.

If you really want to make a living from trading there is only one chance you have: learn trading. Keep it simple, keep risk low. Forget about EA's or other magic systems. Just trade what you see. The simpler your system the better it will be.




Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc

Oshun I note you have a 500 pip open trade drawdown on 3 trades and no stops on those trades - not exactly low risk..I do agree that manual trading is the ultimate goal..

froggy try to keep expectations in perpective here; 5% return per month is a staggering return and if you are getting 20% that probably means you are risking way too much. There is plenty of time to make profits IF the system or strategy is robust enough. Keep risk low - it was only 3 years ago that 2000-3000 pip fluctuations within a few days was the norm for major pairs. Only one bot (asirikuy bots) actually adjusts for this volatility by significantly reducing lot size..and has proven itself in ten year back tests to have survived ( 99% tick data).. a useful lesson..
Title: Re: Who makes a living on Forex???
Post by: froggy51 on July 05, 2011, 11:17:31 AM
Thanks for your advice Oshun.  I will have a look at the books you mentioned.

Peter... I am not disappointed with my results - far from it - but I don't make a living at this game.  Perhaps in a few years I will muster the confidence... a bit more practice manual trading first though.  I realise there is no elusive "Holy Grail" strategy at this game (and if there were a holy grail then everyone would jump on it and it would not be a holy grail any more).... however it can't hurt to get more advice from the pros. Consistent profits whatever the percentage - that's my holy grail - and I think you are right - trading manually is the only real way to achieve this long term.

Someone once told me that the best traders he had ever seen he met in an internet cafe whilst touring asia.  These guys would come in once a month... trade using internet cafe computers for a morning session and then disappear again for the rest of the month.  They were feeding their families trading manually - I'm sure they had/have the potential to be seriously rich but don't seem to covet money like a lot of us in the west....

Ah well - off to Amazon to peruse some books ...

Green pips to all.

Froggy
Title: Re: Who makes a living on Forex???
Post by: fmonera on July 05, 2011, 12:21:46 PM
Someone once told me that the best traders he had ever seen he met in an internet cafe whilst touring asia.  These guys would come in once a month... trade using internet cafe computers for a morning session and then disappear again for the rest of the month.  They were feeding their families trading manually - I'm sure they had/have the potential to be seriously rich but don't seem to covet money like a lot of us in the west....

Many people likes this stories about mystical demi-god traders with a holy grail that appears for a limited time and then dissapears as smoke :)

The truth is far more boring. To succeed in trading (either manual or auto) you need the same that in any other discipline. Study, understand, practice.

Why people take almost 10 years of university and practice as a resident in a hospital before being a doctor and at the same time they are convinced that they will win money just buying some black box to trade forex or trading a strategy taken from forex factory?

The most intelligent people in the planet (including myself :P ) are in this business. Period. There is no business that attracts more a sharp mind than trading. What makes you think that a $99 EA will take the money of the IQ 180 teams of traders around the world and put it in your pocket?

The reallity is that the silver bullet is not in the system at all. In fact, I believe there are very very few long term exploitable inefficiences.

In my oppinion, to succeed we need to:

 - Understand the markets. This means spend many hours every day during many years studying. You can play the market before, but you will inevitably loose money. There is not a shorter path.
 - Understand statistics and have a deep understanding of statistics for every system we trade. At least basic knowledge is essential.
 - Understand the trading systems. It is simply not possible to win in the long term without this understanding.
 - Understand who are the players in the markets, at least the 4 main ones, forget about the fallacy of the two sides: buyers / sellers
 - Understand demand / supply
 - Have an exit strategy for each system we trade
 - Understand risk. This topic is very deep and essential, probably the most important factor to succeed.

So, as a conclussion, I would say that successful traders deeply understand the markets, their systems and applies a strict risk management.
Title: Re: Who makes a living on Forex???
Post by: oshun123 on July 05, 2011, 06:49:32 PM
I think as well we have to be careful when talking about trading for a living. Everybody lives in a different part of the world and expectations may be quite different. As far as i am concerned (located in Austria) I guess I would need at least USD 50.000 - 80.000 in my trading account in order to earn an average income. If i could be sure that I can live from trading I even would think about relocating to a cheaper country.

I actually think in order to be a good trader you do not have to be very intellligent, it's more like spending lots of days watching the charts and learn what actually moves the price. Especially persons who have their opinions and want to bring it into their trading often fail. Your opponents don't care about you. If you are wrong you have to admit it an move on...not trying to defend your position.
 



Thanks for your advice Oshun.  I will have a look at the books you mentioned.

Peter... I am not disappointed with my results - far from it - but I don't make a living at this game.  Perhaps in a few years I will muster the confidence... a bit more practice manual trading first though.  I realise there is no elusive "Holy Grail" strategy at this game (and if there were a holy grail then everyone would jump on it and it would not be a holy grail any more).... however it can't hurt to get more advice from the pros. Consistent profits whatever the percentage - that's my holy grail - and I think you are right - trading manually is the only real way to achieve this long term.

Someone once told me that the best traders he had ever seen he met in an internet cafe whilst touring asia.  These guys would come in once a month... trade using internet cafe computers for a morning session and then disappear again for the rest of the month.  They were feeding their families trading manually - I'm sure they had/have the potential to be seriously rich but don't seem to covet money like a lot of us in the west....

Ah well - off to Amazon to peruse some books ...

Green pips to all.

Froggy
Title: Re: Who makes a living on Forex???
Post by: hybrid on October 10, 2015, 02:54:54 AM
The traders who had passion make a plan for trading can make profit from forex. It is not a much difficult business just do some practice for some months all will clear in your mind. After having a live account you will improve your trading gradually . No one makes profits in days have a patience for this purpose .
Title: Re: Who makes a living on Forex???
Post by: indicator on October 11, 2015, 09:25:19 AM
I don't trade for living, I only trade as part time, even then I don't make enough profit every month, some months are still red for me, so I never think of trading fully for my living.
Title: Re: Who makes a living on Forex???
Post by: Rahim Miya on October 13, 2015, 02:34:20 PM
Yes! Forex is my permanent profession. On the other hand, I do manual trading in my live account. Because, I see any specific trading strategy is not enough to manage handsome money for every month. On the other hand, I always try to realize the language of market according to my own trading knowledge. And, I believe manual trading is much better way of trading from EA based trading. Even though TradingBanks broker allows any kind of trading strategy or system.  But, I am happy with my manual trading performance.
Title: Re: Who makes a living on Forex???
Post by: Forex Verified on October 13, 2015, 05:22:55 PM
Quote from: Rahim Miya link=msg=347999 date=1444743260

Yes! Forex is my permanent profession. On the other hand, I do manual trading in my live account. Because, I see any specific trading strategy is not enough to manage handsome money for every month. On the other hand, I always try to realize the language of market according to my own trading knowledge. And, I believe manual trading is much better way of trading from EA based trading. Even though TradingBanks broker allows any kind of trading strategy or system.  But, I am happy with my manual trading performance.


If your manual strategy can be coded into an EA you will have great help in your trading.
Title: Re: Who makes a living on Forex???
Post by: indicator on October 14, 2015, 06:43:10 AM
Not me, I don't earn much from trading yet, some months even go red still in my trading career. I'm hoping to improve but I don't want to rely on forex only for my living ever.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on October 15, 2015, 07:18:08 AM
Quote from: Forex Verified link=msg=348004 date=1444753375

Quote from: Rahim Miya link=msg=347999 date=1444743260

Yes! Forex is my permanent profession. On the other hand, I do manual trading in my live account. Because, I see any specific trading strategy is not enough to manage handsome money for every month. On the other hand, I always try to realize the language of market according to my own trading knowledge. And, I believe manual trading is much better way of trading from EA based trading. Even though TradingBanks broker allows any kind of trading strategy or system.  But, I am happy with my manual trading performance.


If your manual strategy can be coded into an EA you will have great help in your trading.


Frankly to tell, I am using manual strategy as well to earn my living and I never think that EA could earn for living. Machine build for standard production, but market doesn't repeat itself. Even IBM Watsons, a strong analytical tools that can analyze tonnes of data in a matter of second couldn't predict the market. What makes you think an EA could earn you living?
Title: Re: Who makes a living on Forex???
Post by: resistance on October 15, 2015, 04:00:31 PM
Quote from: indicator link=msg=348029 date=1444801390

Not me, I don't earn much from trading yet, some months even go red still in my trading career. I'm hoping to improve but I don't want to rely on forex only for my living ever.


It is not easy thing to realize if you want to make trading for living. Person who want to make it happen, he must capable to gain consistent profit and the amount of profit could support daily life. It is impossible to realize consistent profit instantly but it will happen step by step with process. So, you need to be patience when you still didn't gain good amount of profit although you can realize consistent profit.
Title: Re: Who makes a living on Forex???
Post by: hybrid on October 16, 2015, 05:04:52 AM
For living forex is a tough business because it had no fix earning as we required for living. Forex gives good money we loose here too. After much time spending and experience a trader makes consistent earning. when he is capable to manage  his account according to market situation.
Title: Re: Who makes a living on Forex???
Post by: Rocky Ward on October 16, 2015, 09:49:48 AM
Actually, in the present world, now Forex is well thought-out as a most profitable business platform. And from many sectors, different people especially the young generation are joining this trading platform very rapidly.  I kicked my Forex trading as a student in MxTrade. From here, I am able to trade at all times by means of mobile trading. So, at any place, I can continue my trading.
Title: Re: Who makes a living on Forex???
Post by: Profitable Trading on November 14, 2015, 07:15:38 PM
If you truly make 35% per month consistenly, without high DD, thats the great results. Even professional traders would agree with me that, 35% is a lot. Personally, I do not trust EAs, I prefer controlling my money and risks by my own.
Title: Re: Who makes a living on Forex???
Post by: Kristofer on December 20, 2015, 09:46:27 PM
To me, it is not the main source of income, but a good support for my budget.
Title: Re: Who makes a living on Forex???
Post by: indicator on December 21, 2015, 05:11:25 AM
I want to make the income from trading as my side income. In  my country I don't think so that living solely on forex trading is possible because anything can happen any time.
Title: Re: Who makes a living on Forex???
Post by: Profitable Trading on December 21, 2015, 10:18:50 AM
only 5% of active traders make a living trading forex. to be one of them, you need profitable trade plan with good money management. and Most important, large capital on your trading account.
Title: Re: Who makes a living on Forex???
Post by: indicator on January 17, 2016, 06:24:01 AM
Quote from: Profitable Trading link=msg=350600 date=1450693130

only 5% of active traders make a living trading forex. to be one of them, you need profitable trade plan with good money management. and Most important, large capital on your trading account.


It is difficult to trade and make money solely from forex market. Several big traders have some side business besides forex trading.
Title: Re: Who makes a living on Forex???
Post by: Huang jing on January 18, 2016, 07:14:33 AM
I think for most private traders, it's difficult to only make a living on forex trading, no one can always predicate the future market trend, sometimes one mistake could take most of money.
Title: Re: Who makes a living on Forex???
Post by: bruce_knee on January 20, 2016, 02:08:04 PM
Well I hardly classify as those who make a living with Forex but I do work in this field and I trade part time - often I have some side money every month from trading but you can't expect to have the same equal profits each month which is why Forex is quite unsustainable source of income
Title: Re: Who makes a living on Forex???
Post by: hybrid on January 22, 2016, 06:58:50 AM
Frankly I am not making full living from forex trading .It is my passion to do forex as part time work .It is giving good return that I can enjoy . May be as a full time trader I can depend on forex in near future :)
Title: Re: Who makes a living on Forex???
Post by: resistance on January 22, 2016, 02:26:44 PM
So far still enjoy treat forex as part time business, which because also forex is risky business and not always i can making profit from forex tradng, but I have friend if they already make forex as trading for living which they relying income from forex business
Title: Re: Who makes a living on Forex???
Post by: Forex Verified on January 22, 2016, 04:36:03 PM
Most of the brokers for sure.
Title: Re: Who makes a living on Forex???
Post by: resistance on January 24, 2016, 03:47:16 PM
My young brother, he already able get good earning throuh forex business and he relying income from forex business, but of course he not only get earning from profit trading but sill have another source from different way like as become partner broker.
Title: Re: Who makes a living on Forex???
Post by: indicator on January 25, 2016, 05:41:58 AM
Quote from: Forex Verified link=msg=351603 date=1453480563

Most of the brokers for sure.


;D Good one, but here we are discussing about traders who makes living on forex. I personally don't have any such intentions. I only want to keep trading as my part time job. But there are many traders that are living totally on forex trading.
Title: Re: Who makes a living on Forex???
Post by: JulioPipo on February 05, 2016, 09:13:31 PM
Something strange happening with gold before weekend.
Title: Re: Who makes a living on Forex???
Post by: resistance on February 06, 2016, 02:33:41 PM
Quote from: indicator link=msg=351642 date=1453700518



;D Good one, but here we are discussing about traders who makes living on forex. I personally don't have any such intentions. I only want to keep trading as my part time job. But there are many traders that are living totally on forex trading.


Same with me, so far only treat forex as part time business because tihs busines is flexible time which we can treat as part time, usually I am spent time around four or five hour daily to monitoring account trading and the market.
Title: Re: Who makes a living on Forex???
Post by: indicator on February 07, 2016, 05:44:01 AM
It is very difficult to make a living on trading alone, only if you have huge funds to trade on then its possible. Many big traders, that are also mentoring are earning good amount by teaching others on their forum. So obviously they are not living solely on forex trading. However we can say that they are living on forex market.
Title: Re: Who makes a living on Forex???
Post by: bruce_knee on February 08, 2016, 12:28:46 PM
Quote from: indicator link=msg=351642 date=1453700518

Quote from: Forex Verified link=msg=351603 date=1453480563

Most of the brokers for sure.


;D Good one, but here we are discussing about traders who makes living on forex. I personally don't have any such intentions. I only want to keep trading as my part time job. But there are many traders that are living totally on forex trading.


Yeah I hope some of them could share how they do that, how long normally it takes to start making a living entirely from forex or trading other instruments? I've heard for some it takes 3 to 10 years depending how involved you are
Title: Re: Who makes a living on Forex???
Post by: diamond on February 10, 2016, 05:55:58 PM
There are many traders that are full time traders. Although the number of such full time traders that rely totally on forex trading is very less but they do exit.
Title: Re: Who makes a living on Forex???
Post by: sasha100 on February 11, 2016, 05:59:26 PM
Even you are a very good trader you still have to be partner with broker or bank in order to make a good living on Forex.
Title: Re: Who makes a living on Forex???
Post by: Forex Verified on February 12, 2016, 12:27:55 AM
Quote from: sasha100 link=msg=352400 date=1455213566

Even you are a very good trader you still have to be partner with broker or bank in order to make a good living on Forex.


If you have a decent amount to play with then you can trade for a living without partnering with brokers or banks (except to open your account, of course).
Title: Re: Who makes a living on Forex???
Post by: alex100 on February 12, 2016, 05:10:21 AM
Quote from: Forex Verified link=msg=352407 date=1455236875

Quote from: sasha100 link=msg=352400 date=1455213566

Even you are a very good trader you still have to be partner with broker or bank in order to make a good living on Forex.


If you have a decent amount to play with then you can trade for a living without partnering with brokers or banks (except to open your account, of course).


Do you think your broker will allow to make $100K? Just like that. I'm not so sure about it.
Title: Re: Who makes a living on Forex???
Post by: Forexrider on February 12, 2016, 05:55:18 AM
Froggy51 very interesting thread, so finally did you get any full time forex trader making handsome money for living.
Title: Re: Who makes a living on Forex???
Post by: resistance on February 12, 2016, 01:48:35 PM
Maybe not many trader that able generate profit consistently and able tradnig for living, but still possible like as profesional trader which they only work in this business, they will always thinking how to making profit and get earning fro forex business
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 01, 2016, 06:06:26 AM
I make my living in trading but not in forex only. So maybe I can consider it relatively near.
Title: Re: Who makes a living on Forex???
Post by: resistance on March 01, 2016, 01:47:00 PM
Quote from: iMusingKiMi link=msg=352990 date=1456812386

I make my living in trading but not in forex only. So maybe I can consider it relatively near.


I think beside relying from forex also we need having another source income, so if we fail in forex then we still get from another source, my young brpother also already trading for living but also they not only relying from forex tradng result
Title: Re: Who makes a living on Forex???
Post by: Forex Verified on March 01, 2016, 03:13:14 PM
Quote from: resistance link=msg=352995 date=1456840020

Quote from: iMusingKiMi link=msg=352990 date=1456812386

I make my living in trading but not in forex only. So maybe I can consider it relatively near.


I think beside relying from forex also we need having another source income, so if we fail in forex then we still get from another source, my young brpother also already trading for living but also they not only relying from forex tradng result


If you have a small account, having a day job is a great way to support yourself until you improve and get/make a bigger account.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 03, 2016, 04:15:19 AM
Quote from: Forex Verified link=msg=352997 date=1456845194

Quote from: resistance link=msg=352995 date=1456840020

Quote from: iMusingKiMi link=msg=352990 date=1456812386

I make my living in trading but not in forex only. So maybe I can consider it relatively near.


I think beside relying from forex also we need having another source income, so if we fail in forex then we still get from another source, my young brpother also already trading for living but also they not only relying from forex tradng result


If you have a small account, having a day job is a great way to support yourself until you improve and get/make a bigger account.


Yeah, I do agree that and I believe this is the most toughest steps to go through and persistence attitude you need before trading for living. Believe me, never give up if you really hope to trade for living. Once you going into profit stage, you can easily manage million dollar as what I do now.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 03, 2016, 04:16:58 AM
Quote from: resistance link=msg=352995 date=1456840020

Quote from: iMusingKiMi link=msg=352990 date=1456812386

I make my living in trading but not in forex only. So maybe I can consider it relatively near.


I think beside relying from forex also we need having another source income, so if we fail in forex then we still get from another source, my young brpother also already trading for living but also they not only relying from forex tradng result


Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.
Title: Re: Who makes a living on Forex???
Post by: Forexrider on March 03, 2016, 11:01:53 AM
Quote from: iMusingKiMi link=msg=353035 date=1456978618

Quote from: resistance link=msg=352995 date=1456840020

Quote from: iMusingKiMi link=msg=352990 date=1456812386

I make my living in trading but not in forex only. So maybe I can consider it relatively near.


I think beside relying from forex also we need having another source income, so if we fail in forex then we still get from another source, my young brpother also already trading for living but also they not only relying from forex tradng result


Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


Thats a decent money to trade in the forex market and may be if we are living within budget means and using the money smartly and not driven by emotions then certainly making a living out of it possible.
Title: Re: Who makes a living on Forex???
Post by: resistance on March 03, 2016, 01:58:54 PM
Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different
Title: Re: Who makes a living on Forex???
Post by: Forex Verified on March 03, 2016, 02:35:20 PM
Quote from: resistance link=msg=353040 date=1457013534

Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different


Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.
Title: Re: Who makes a living on Forex???
Post by: Forexrider on March 04, 2016, 10:13:15 AM


Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.
[/quote]

True it depends on the geographical location for someone that may be a decent money while for others it is not even possible to pay off their bills. Its all specific.
Title: Re: Who makes a living on Forex???
Post by: alien on March 04, 2016, 02:08:03 PM
https://www.youtube.com/watch?time_continue=1&v=bR7qN9ywoKU
Title: Re: Who makes a living on Forex???
Post by: PeachOne on March 04, 2016, 07:45:03 PM
I make a living off of Forex,   Pretty good one,  I might say.   I bank 2 to 5 percent per day mostly.    With my money management,   I end up with about 115 percent on the month.   I trade about 9 months out of the year.   I trade about 3 hours per day.  

You asked how I do it.    I obtained a education from several mentors.   I wanted to know how, when,  and what,  to do and not to do.   I wanted to see it live,  be able to ask questions,  be held accountable,  and if possible,  divulge anything,  I needed to know to be profitable.

I found 3.    One laid the basic ground work.   The other two,   took me to the next level.   One was a controller,  large hedgefund,   he was aware of everything.   The other one,   A senior market maker.   Once,  I was taught,  the ways the market is manipulated.   How to spot and obtain this information.

My trading turned around.    

I have taken several class's from all the knowns.   Chris Lori,  Todd Brown,  and even some unknowns.  

But the real thing that opened my eyes,  was the 3 month and 1 year mentorship I went thru with my mentors.   That, was the day,   my account, started becoming a asset and no longer a liability.

Peachone
Trader/Mentor
Title: Re: Who makes a living on Forex???
Post by: diamond on March 07, 2016, 06:22:19 PM
It is not like this if you have a big account then you can make big money or money for your living solely on forex. You need skill to start making consistent money and start living on forex trading.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 09, 2016, 07:39:56 AM
Quote from: resistance link=msg=353040 date=1457013534

Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different


Frankly speaks and not in any sort of agony or whatsoever, I am managing million dollars of account now at a prop company based in Shanghai, China. USD 15,000 is nothing in trading, especially your goal is to make living fully by trading. Trading can earns a huge amount of money, but the hard truth is do you have enough knowledge to do so.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 09, 2016, 07:41:32 AM
Quote from: Forex Verified link=msg=353041 date=1457015720

Quote from: resistance link=msg=353040 date=1457013534

Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different


Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.


Yes, indeed it is just fairly enough by using USD 15,000. That's why I said when I start to do so, the most important is you have to use your money very smart. Otherwise, you will create a desperate emotion before even you start to trade.
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 09, 2016, 07:45:43 AM
Quote from: Forexrider link=msg=353054 date=1457086395



Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.


True it depends on the geographical location for someone that may be a decent money while for others it is not even possible to pay off their bills. Its all specific.
[/quote]

Absolutely agree. If in Shanghai you can only earn USD 3,000 per year, sooner or later you will hunger to death. It is depends on what geographical you are in to calculate what minimum you need to trade for living.
Title: Re: Who makes a living on Forex???
Post by: drunkfx on March 10, 2016, 11:33:17 AM
Quote from: iMusingKiMi link=msg=353182 date=1457509292

Quote from: Forex Verified link=msg=353041 date=1457015720

Quote from: resistance link=msg=353040 date=1457013534

Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different


Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.


Yes, indeed it is just fairly enough by using USD 15,000. That's why I said when I start to do so, the most important is you have to use your money very smart. Otherwise, you will create a desperate emotion before even you start to trade.


Controlling risks I would consider main thing in trading. Its so easy to lose money in forex with big leverage and small money if you are perfect trading analysts who is able to make correct predictions. Just because of one small insignificant step you can easily wipe out half or all your deposit just because you open too big position.
I had a couple of MM issues when just starting my trading journey with Hotforex but quickly realized risk management is the first thing I need to pay attention to. 
Title: Re: Who makes a living on Forex???
Post by: iMusingKiMi on March 11, 2016, 03:36:09 PM
Quote from: drunkfx link=msg=353219 date=1457609597

Quote from: iMusingKiMi link=msg=353182 date=1457509292

Quote from: Forex Verified link=msg=353041 date=1457015720

Quote from: resistance link=msg=353040 date=1457013534

Quote from: iMusingKiMi link=msg=353035 date=1456978618



Back to 3 years ago, I use USD 15,000 account to fully trade for living on that time. But with this amount of account to trade for living, you must use your money smart.


These amount capital alresdy huge number in my view, in my life these amount already can for living and if we recycle money in forex and having good skill maybe we can trading for living, but maybe standart live different country also different


Yes, it basically depends on your financial needs. If you need $3,000 to live for a year in your country, $15,000 is fairly enough (if you make at least 20% on yearly basis, which is doable). But if you plan to trade with $3,000 and earn that much, that's quite risky as you'll have higher drawdown.


Yes, indeed it is just fairly enough by using USD 15,000. That's why I said when I start to do so, the most important is you have to use your money very smart. Otherwise, you will create a desperate emotion before even you start to trade.


Controlling risks I would consider main thing in trading. Its so easy to lose money in forex with big leverage and small money if you are perfect trading analysts who is able to make correct predictions. Just because of one small insignificant step you can easily wipe out half or all your deposit just because you open too big position.
I had a couple of MM issues when just starting my trading journey with Hotforex but quickly realized risk management is the first thing I need to pay attention to. 


Ignore profit first although that is our final goal in trading. Just like soccer, you need a teamwork to defend your own before scoring opponent. Focus on risk before aiming for high profit. If you can't even protect your assets, how are you gonna earn other people money?
Title: Re: Who makes a living on Forex???
Post by: equityfx on March 15, 2016, 01:45:07 PM
Many are making living from forex if they not totally depend on forex even then too they are making extra earning from forex. I am also one of those, make good amount as a starter now giving less time to forex and getting smart earning.
Title: Re: Who makes a living on Forex???
Post by: resistance on March 16, 2016, 01:04:28 PM
Still not yet making forex for living, my capital only small number but I am happy with forex because still can treat for part time business and enjoy to manage business at night after go home from offine job, maybe out there already many trader able trading for living
Title: Re: Who makes a living on Forex???
Post by: indicator on March 16, 2016, 02:10:25 PM
Quote from: equityfx link=msg=353372 date=1458049507

Many are making living from forex if they not totally depend on forex even then too they are making extra earning from forex. I am also one of those, make good amount as a starter now giving less time to forex and getting smart earning.


I don't think so that there are too many that are making living on forex trading. I hardly know anyone that is a trader and is making a fully living only on forex trading.
Title: Re: Who makes a living on Forex???
Post by: hybrid on March 18, 2016, 03:12:33 PM
May be people not make fully living from forex trading even then too they are happy with forex i is a good platform for earning. I am one who is making extra earning from this business. I like forex it is giving me monthly income.
Title: Re: Who makes a living on Forex???
Post by: uzakon on March 20, 2016, 02:26:48 PM
Quote from: drunkfx link=msg=353219 date=1457609597

[
I had a couple of MM issues when just starting my trading journey with Hotforex but quickly realized risk management is the first thing I need to pay attention to. 

Are you with this broker now? I've head lots of conflicting options about Hotforex.
Title: Re: Who makes a living on Forex???
Post by: JulioPipo on March 20, 2016, 09:29:16 PM
I think HotForex is not a bad broker but I believe ViproMarkets beats them in terms of the execution quality, low executable spreads and low ECN commissions. Based on my conversation with their support I was informed that in couple of weeks they are launching also IB program which means that I as a trader can get a 5% additional commission discount if I register the account under one of their IBs.

Aside from Vipro I like also ActivTrades, Pepperstone, Tickmill and I think Global Prime is also ok.
Title: Re: Who makes a living on Forex???
Post by: Forexrider on April 12, 2016, 07:16:28 AM
Quote from: JulioPipo link=msg=353477 date=1458509356

I think HotForex is not a bad broker but I believe ViproMarkets beats them in terms of the execution quality, low executable spreads and low ECN commissions. Based on my conversation with their support I was informed that in couple of weeks they are launching also IB program which means that I as a trader can get a 5% additional commission discount if I register the account under one of their IBs.

Aside from Vipro I like also ActivTrades, Pepperstone, Tickmill and I think Global Prime is also ok.


I have never had any problem with hotforex before but however i am not trading with them from past 1 year.
Title: Re: Who makes a living on Forex???
Post by: Ganza on April 16, 2016, 05:01:30 AM
Quote from: JulioPipo link=msg=353477 date=1458509356

I think HotForex is not a bad broker but I believe ViproMarkets beats them in terms of the execution quality, low executable spreads and low ECN commissions. Based on my conversation with their support I was informed that in couple of weeks they are launching also IB program which means that I as a trader can get a 5% additional commission discount if I register the account under one of their IBs.

Aside from Vipro I like also ActivTrades, Pepperstone, Tickmill and I think Global Prime is also ok.


Vipromarkets is new brokerage. is it as good as like what you said?
i personally has not tried vipromarkets. my reason is because the broker is quite new. will watching it
Title: Re: Who makes a living on Forex???
Post by: resistance on April 16, 2016, 12:38:35 PM
Quote from: uzakon link=msg=353474 date=1458484008


Are you with this broker now? I've head lots of conflicting options about Hotforex.


Really? what conflict about on these broker, so far I am only hear about this broker also never join in this broker, will become problem if enter in scam broker if we are expert trader it will making disappointed I think
Title: Re: Who makes a living on Forex???
Post by: hybrid on July 09, 2016, 02:38:55 AM
Working with a good broker never makes you annoyed. You can make fair earning with them . I am not making all living from forex even then too forex is a supportive earning to me. It is best part time way of getting income.
Title: Re: Who makes a living on Forex???
Post by: tradeandgain on July 09, 2016, 09:21:20 AM
I Do. I would post my diary here so newbies can be motvated, but something goes wrong on forum so temporary just check my fb page. I post my full trading process with wins and losses, and obviously winners more;))

facebook.com/Trade-And-Gain-Forex-1018719831539954/
Title: Re: Who makes a living on Forex???
Post by: resistance on July 09, 2016, 10:26:07 AM
I think will better if not only relying from forex alone, having another source income will giving better for life although possible tradung for living, but without good capital and skill hence will harmful if occur failure in trading
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on May 28, 2018, 01:47:41 PM
I think that it takes a long, long time before a trader can rely entirely on Forex for their expenses. It's the goal for most traders, but few achieve it.
Title: Re: Who makes a living on Forex???
Post by: Paul.Trafford on May 31, 2018, 01:47:21 PM
That is intriguing topic 😊 Unfortunately I'm not one of those who are living only on Forex. I should admit that I earn something additional but still not my main income
Hopefully this "something additional" will raise soon 😊
Thank you for sharing your profile tradeandgain will definitely check it
Title: Re: Who makes a living on Forex???
Post by: Nike on June 13, 2018, 09:13:42 AM
I still do not have enough knowledge and experience to earn my living with forex. the problem is that if you want to get this knowledge you need to spend a lot of time on it (like any other profession) but you still have to spend moste of the time it on the main earnings.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on June 13, 2018, 02:59:06 PM
I think that the first people who come to mind are actually those who work for the Forex brokers.
Title: Re: Who makes a living on Forex???
Post by: Benjamin7 on June 19, 2018, 05:40:59 PM
There are a lot of people in this forum that make a living out of forex. The basic principle of their success is that they invested their time in learning the fundamentals of forex. They learned and learned and gain enough experience to become expert forex traders.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on July 19, 2018, 03:12:54 PM
If you ask me one needs to know a lot more than the base fundamentals to make a living from trading.
Title: Re: Who makes a living on Forex???
Post by: fulltimetrader on July 19, 2018, 04:43:06 PM
Probably one of the very best fund managers with extreme large market knowledge states that trading is the hardest job one can find. I think that opinion comes close to the truth.
After many years of trading, manual trading is still a hard job for me. Also after extensive study and following many hours of course from this trader. It makes me tired.
Fulltime manual trading is not anymore the way for me. Currently, I only trade manually when I feel I like to do so and that's not very often. It's more for fun and I am able to bring in some profits.
It proved I am better in developing automated strategies and I go on with trading them.
I have no day job for over ten years and my income comes from Forex trading solely.

I would never dare to pursuade anyone to become a fulltime trader :)
Title: Re: Who makes a living on Forex???
Post by: shoofra on July 22, 2018, 02:34:17 PM
After many years of trading, manual trading is still a hard job for me. Also after extensive study and following many hours of course from this trader. It makes me tired.
Fulltime manual trading is not anymore the way for me. Currently, I only trade manually when I feel I like to do so and that's not very often. It's more for fun and I am able to bring in some profits.
It proved I am better in developing automated strategies and I go on with trading them.
I have no day job for over ten years and my income comes from Forex trading solely.

Would you consider Limit/Stops Orders trading manual?
As I see it, Automatic trading need similar attention; No single code can be a timeless winner in the ever-changing characteristics of the market. So with the same effort, I find trading Limit Pending Orders (I don't trade with stop-orders, but it is the same idea) is somewhat the same effort of continuously developing and nursing an EA and less wearing-out as a market-order trading. 
Title: Re: Who makes a living on Forex???
Post by: fulltimetrader on July 23, 2018, 05:24:09 PM
Yes I consider that as manual trading. But I understand what you say regarding conditional orders. That could help, a bit.

Of course, EA trading needs the same kind of discipline. One of the hardest things is not to interfere.
It's important to define the parameters when to consider if the system is out of params. Is it still performing well enough? If it doesn't, just take it off.

While trading, just stick to the plan and let the EA do its job.
Title: Re: Who makes a living on Forex???
Post by: Ned12 on July 30, 2018, 07:51:21 AM
Yes I consider that as manual trading. But I understand what you say regarding conditional orders. That could help, a bit.

Of course, EA trading needs the same kind of discipline. One of the hardest things is not to interfere.
It's important to define the parameters when to consider if the system is out of params. Is it still performing well enough? If it doesn't, just take it off.

While trading, just stick to the plan and let the EA do its job.

Yes! The question is easy "which one EA exactly?"  ;D ;D ;D
Title: Re: Who makes a living on Forex???
Post by: pipsbuster on July 31, 2018, 04:50:40 PM
Brokers, IBs, and EA vendors.
Title: Re: Who makes a living on Forex???
Post by: alaali on July 31, 2018, 05:06:36 PM
Brokers, IBs, and EA vendors.

Better to release my EA soon then :D
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on August 02, 2018, 02:58:19 PM
Brokers, IBs, and EA vendors.

Better to release my EA soon then :D

Or create a broker...
Title: Re: Who makes a living on Forex???
Post by: alaali on August 02, 2018, 03:14:35 PM
Brokers, IBs, and EA vendors.

Better to release my EA soon then :D

Or create a broker...

If you have the capability to do it why not!
Title: Re: Who makes a living on Forex???
Post by: nck on August 02, 2018, 03:29:13 PM
Brokers, IBs, and EA vendors.
needs $$$$$$$
Better to release my EA soon then :D

Or create a broker...

If you have the capability to do it why not!
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on August 03, 2018, 02:41:26 PM
Brokers, IBs, and EA vendors.
needs $$$$$$$
Better to release my EA soon then :D

Or create a broker...

If you have the capability to do it why not!

If you're planning to follow rules and regulations, certainly.
Title: Re: Who makes a living on Forex???
Post by: Benjamin7 on August 27, 2018, 03:58:06 PM
A man who knows the market well is the only one who makes a livelihood on a forex. You are eligible only when you have a huge knowledge about the market. You can do trade only when you have the following things otherwise you can't. Think well on this regard. Thanks
Title: Re: Who makes a living on Forex???
Post by: slimboydim on August 27, 2018, 11:46:01 PM
Market knowledge comes from knowing your own particular niche inside out.
Educators who want to sell padded courses make us think we need to know
every single aspect of the market, which just isn't true.
A lot of the stuff I studied in the beginning has absolutely no bearing on
how I now trade. If your strategy is sound and your plan water tight, that's
all your need. Trying to learn "too much" at once can be counterproductive and cloud
your judgement and decision making at critical times.

Having a huge knowledge of the market guarantees very little, except that you
could become an "educator"  maybe rather than a trader. ;)



Title: Re: Who makes a living on Forex???
Post by: drunkfx on August 28, 2018, 09:10:21 AM
I think only patient and hard-working traders can successfully make money from forex. But only few can withstand all challenges that market offers us
Title: Re: Who makes a living on Forex???
Post by: nck on August 28, 2018, 09:15:04 PM
starting your own broker ...here you go

https://www.elitetrader.com/et/threads/how-to-open-your-own-forex-company.183634/
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on August 29, 2018, 02:47:50 PM
Ha! I did say that the people who work for the brokers (or own the brokers) are the ones who become truly rich from this business. :D
Title: Re: Who makes a living on Forex???
Post by: Loperte on September 23, 2018, 12:25:03 PM
Hello guys! I am the one who is making a living on the forex trading. I have seen all the ups and downs in my career of three yeqrs and now I am settling well with handy profit on monthly basis. I would like to advise you people to stay on a plan as long as you can!
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on September 23, 2018, 01:49:36 PM
For how long did you trade before moving onto fulltime trading?
Title: Re: Who makes a living on Forex???
Post by: Dumie on September 23, 2018, 06:47:57 PM
Hi
I'm Dumisani Phineas I trade foreign exchange and am doing good so far☺☺☺
Title: Re: Who makes a living on Forex???
Post by: vontogr on September 25, 2018, 10:17:55 AM
I do
Thought after ESMA it is different.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on September 28, 2018, 02:29:47 PM
Does the lower lever cause you a lot of trouble?
Title: Re: Who makes a living on Forex???
Post by: kensanlb on September 28, 2018, 04:13:57 PM
I am pretty new to trading fx. no where near to becoming full time yet but as i learn and make mistakes using demo account, I learn from mistakes and improve. also if anyone can recommend some fx hacks that helped you go from profitable to consistent profitable. please share and comment. thank you
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on September 29, 2018, 02:43:17 PM
The only "hack" I can recommend is to study and practice hard. There are no shortcuts in this industry, I'm afraid.
Title: Re: Who makes a living on Forex???
Post by: drunkfx on September 29, 2018, 03:29:47 PM
The only "hack" I can recommend is to study and practice hard. There are no shortcuts in this industry, I'm afraid.

What's best ways of study do you know? I mean how to avoid mistakes and wrong ways and arrive to the success faster?
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 02, 2018, 01:19:52 PM
The only "hack" I can recommend is to study and practice hard. There are no shortcuts in this industry, I'm afraid.

What's best ways of study do you know? I mean how to avoid mistakes and wrong ways and arrive to the success faster?

Keep a detailed record of your trade. Also a keep a journal where you write down your progress - and your mistakes. Refer to both often.
Title: Re: Who makes a living on Forex???
Post by: Annod on October 07, 2018, 06:49:41 PM
Hello guys! I am the one who is making a living on the forex trading. I have seen all the ups and downs in my career of three yeqrs and now I am settling well with handy profit on monthly basis. I would like to advise you people to stay on a plan as long as you can!

Could you please show me your MyFxBook?
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 18, 2018, 03:11:43 PM
Do you make a living off trading forex, Annod?
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on November 15, 2018, 01:36:16 PM
Yet another proof that the people who make the most profit out of trading are the brokers and the scammers, who sometimes are both at the same time.

According to recent statistics released by Scamwatch (https://theforexreview.com/2018/11/13/australians-have-been-scammed-for-35-8-million-usd-just-in-2018/), the Australian Cybercrime Online Reporting Network operated by the Australian Competition and Consumer Commission (ACCC), Australians have lost $35.8 million for the past ten months. If thatís the case in Australia who knows how bad it is in Europe, let alone Asia.
Title: Re: Who makes a living on Forex???
Post by: Ggeyda on January 20, 2019, 03:28:36 PM
I know few people who are trading for living. I can say that they are all very long on a market and have significant knowledge. Secondly, they have invested significant amount of money in this business. So, if somebody is trading with small lot, he must be genius to make living out of investment
Title: Re: Who makes a living on Forex???
Post by: outsidetheboxhk on January 21, 2019, 12:31:00 AM
@froggy51 --- the original author of this thread --- had asked:
Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???


Yes I live 100% from the proceeds of my trading activities.  This post was previously flagged for advertising, so I have tweaked it slightly to hopefully add more value to this discussion.

I am a manual trader 100%
I use the SimpleTrader trade copying software to allocate from the Low Risk Master Account different lot sizing / risk multiplier to my other medium risk and high risk strategies.
Before Halifax Investment Services went into receivership in Nov 2018 I had 10 trading accounts at 5 different brokers.
HotForex, Mt Cook Financial, Darwinex, AxiTrader, and Halifax (now Halifax Australia and NZ have gone bust).
The books or reading material that most formed my thinking and training were:

I have found numerous ways thru trade copying subscriptions, high water mark profit sharing performance fees, and various forms of commission sharing to be able to have secured enough stable income to continue perfecting my strategy and the edge is has in the market.

I have been told I cannot post links here to the various platforms where you too can seek these income generating activities in trading, but you can seek out my Outside the Box thread (https://donnaforex.com/index.php?topic=19712.msg384347#msg384347) if you want to have a look.   



Title: Re: Who makes a living on Forex???
Post by: Hilapur on February 18, 2019, 09:03:37 AM
I have been making some profits off forex trading. I would also like to admit that i also have a plan B. I surely don't depend solely on forex trading. You must be ready for a rainy day. They are just round the corner. You must look at the market stats. Better safe than sorry guys.
Title: Re: Who makes a living on Forex???
Post by: BrandonHolly on March 28, 2019, 02:02:04 PM
Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc


Haven't met anyone who would make enough money for living. I trade part time. Sometimes more sometimes less but it's not even half money I need monthly.
I don't think that any of EA's could reach that profit. Or else you need to have a huge amount on your account.
Title: Re: Who makes a living on Forex???
Post by: grobanjosh on April 02, 2019, 07:10:16 AM
Trade part-time cause feel like it is very hard to get to this next step of trading
Title: Re: Who makes a living on Forex???
Post by: Loperte on April 11, 2019, 12:36:45 PM
Trading for living is most hardest way to trade. First you need to have a very good strategy which will bring you green pips. Secondly, you need to have relatively high capital in order to be able to generate enough profits to support your living
Title: Re: Who makes a living on Forex???
Post by: drunkfx on April 12, 2019, 05:38:14 PM
Trading for living is most hardest way to trade. First you need to have a very good strategy which will bring you green pips. Secondly, you need to have relatively high capital in order to be able to generate enough profits to support your living

Yes and third requirement is stable and reliable trading platform, not all brokers can offer that especially if you are winning trader.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on April 16, 2019, 05:02:40 PM
True. If your server connection cuts off constantly or it freezes trading becomes all but impossible. Profitable trading at least.
Title: Re: Who makes a living on Forex???
Post by: StephanieHalloran on May 05, 2019, 04:36:02 PM
Aspiring traders often ask me whether or not it's really possible to make a living trading the Forex market. The short answer is yes. The longer answer is, yes you can make a living trading the Forex market but you have to consistently do a lot of things right.
Title: Re: Who makes a living on Forex???
Post by: grgr on May 06, 2019, 09:59:20 AM
NO ONE
Title: Re: Who makes a living on Forex???
Post by: drunkfx on May 07, 2019, 10:02:03 PM
Come on... cough up... I want to know...

Who among the users of this forum makes a living on forex?

AND - HOW do you do it???

I know you are out there - statistics tell me that 1% of forex traders make a good living on the forex - Donna has a good following on this forum and so it stands to reason that a few of you must be out there.... perhaps reading this thread right now...

I want to know what strategies you use?? EA's ?? Manual ??? Combination ???

I have to admit - I make a few extra dollars per month - but would hardly class myself in the - ready to quit my job and make lots of money on the forex category (but this is where I secretly want to be!)

In my view one of the best ways to learn is from those with more experience - hence my creation of this thread...

Personally I use 3 EA's:
FGT 3 on ThinkForex - makes around 10% return per month
Hyper EA 2/1 - makes around 5% per month (FinFX)
WSFR - early days but seems to make around 20% per month (FinFX)

I run these EA's off a VPS (CNS - UK)

So... lets hear it from those who can and DO make a living on the forex...

What is YOUR secret setup

Include as much detail as you can - EA's/Manual strategies/Broker/VPS provider/monthly returns/even books to read if referring to manual strategy etc

If you didn't lose your money after a year of active trading you can consider yourself as matured traders with great prospects to trade in profit. Many traders fail at this step - trading at breakeven level.
Title: Re: Who makes a living on Forex???
Post by: Gyles on August 27, 2019, 11:11:36 AM
Certainly if you have winning strategy you can consider yourself as one of the luckiest traders on the market. When you reach that point you can make your choices whether you will be full time trader or continue to generate some additional profits through part time trading
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on August 27, 2019, 03:09:51 PM
Apart from a winning strategy you also need a large enough account to live off forex like that.
Title: Re: Who makes a living on Forex???
Post by: Ggeyda on September 02, 2019, 02:04:44 PM
Certainly Eliza, invested capital is additional factor. No matter how good your strategy is, if you have invested small capital, then your returns will be small in notional amount. I mean, 10% from $100 is still $10 which is not enough to pay monthly bills
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on September 04, 2019, 03:07:28 PM
It is good for exercise purposes though, so you can get to the point where you can afford to invest more.
Title: Re: Who makes a living on Forex???
Post by: drunkfx on September 08, 2019, 10:46:52 AM
Apart from a winning strategy you also need a large enough account to live off forex like that.

I think with compound returns your winning strategy can quickly bring your account equity to the desired level. Although it depends on returns of your strategy.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on September 08, 2019, 10:26:38 PM
The compound return also has own risk, if always making profit indeed accumulation profit will quickly to growth, but if facing loss, especially get loss in a row, it could make emotion appear, so withdraw profit until break-even point is safe than compound
Title: Re: Who makes a living on Forex???
Post by: Umar on October 21, 2019, 07:40:34 PM
It all depends on your initial investment. If you enter market with $100 you would need to wait for longer time in order for your compound profits to reach decent level of capital. Right?
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on October 23, 2019, 12:06:51 AM
It's also depending with our own skill, if still as looser hence will hard to trading for a living
but if skill already found profitable trading strategies hence make forex as main source of income is great way, I am still on learning stage but grateful still get some profit
Title: Re: Who makes a living on Forex???
Post by: Caesar99 on October 23, 2019, 07:56:18 AM
I've never understood the reasoning behind wanting to know how or how much others are making.  You wouldn't ask a stranger in the street and, if they told you,  surely wouldn't expect to be able to replicate this?
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 23, 2019, 05:06:57 PM
People like to compare themselves to others. The grass is always greener on the other side. :D
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on October 24, 2019, 12:26:56 AM
People like to compare themselves to others. The grass is always greener on the other side. :D

Yes maybe, sometimes as people they not too grateful upon their result and having tendencies to compared with other people result, as human nature, they will never satisfied and always want more.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 29, 2019, 04:30:30 PM
True. But in that case people should look at the facts - and the fact is, few support themselves through trading alone. In fact, according to official regulator statistics, about 63% of traders end up losing money. (https://www.forexbrokerz.com/news/asic-eighty-percent-of-binary-options-traders-and-seventy-two-percent-of-cfd-traders-loose-money)
That thought alone should cool a person's greed a little, but that's not always the case.
Title: Re: Who makes a living on Forex???
Post by: drunkfx on October 30, 2019, 04:23:21 PM
Returns have been quite erratic recently, probably because of overtrading or taking position in volatile times what failed despite correct predictions. But in overall I make 400-500 USD monthly from trading, but there are periods of drawdowns. Trading can't be your main job if you don't have sources of alternative income.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 30, 2019, 04:28:37 PM
If you make that much (depending on your deposit, obviously) then you are doing quite well, I would say.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on October 30, 2019, 11:19:02 PM
Returns have been quite erratic recently, probably because of overtrading or taking position in volatile times what failed despite correct predictions. But in overall I make 400-500 USD monthly from trading, but there are periods of drawdowns. Trading can't be your main job if you don't have sources of alternative income.
For some people, these amount profit is high result, if capable to make consistent trading result, it's possible to rely upon forex, but almost trader might prefer to trading as part-time job, because not sure will always able to make profit, this month might work well but next month still not sure will same
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on October 31, 2019, 04:31:32 PM
A lot of traders do view trading as a part-time job.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on October 31, 2019, 10:42:37 PM
A lot of traders do view trading as a part-time job.
This way is more comfortable doing forex due to risky business, one advantage forex can trade anytime, anywhere, currently platform trading support smartphone and giving easiness to access account
Title: Re: Who makes a living on Forex???
Post by: donbon2 on November 01, 2019, 07:24:00 AM
Trading full time is easily doable - but the chances of someone with no finance background or understanding of economics makes the initial learning curve very high -- as the next thing to tackle is technical analysis

these are the cornerstones to understanding trading strategy and figuring out how far markets can move based on fundamentals and technicals.

sure there is always the exception to the rule where someone with no background gets lucky or manages to outperform benchmarks - but thinking that you are that person is like winning the lottery.

I would say most retail traders lose 10k before they start to get profitable by increasing their learning and learning from mistakes - they search out information and try to turn a losing idea into a winning idea.

Since this is an EA interested site - from what I have seen from the EAs - some work really well for a period of time but then begin to fail -- others never work -- you really need to understand what the EA is doing and how to assess its risk - because a lot of the proofs are often faked.

You absolutely can beat the market if you apply yourself and arm yourself with the knowledge needed to do so -- protect your capital the best you can - and when the market is trending that is the best time to trade as much as you can - because any trade taken with the trend will move into profits and increase your account giving you more buying power to keep trading it.

anyway there are a few ideas in there - GL
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on November 01, 2019, 11:56:10 PM
Good motivation for any trader that want to treat forex as full time business,  indeed to become master in technical and fundamental analysis required good insight and get many source information, as trader needs to understand what rumor in the world that might influence to the market movement, using ea indeed as alternative trading way, but will better if ea based on own trading system, so its really understand how it works
Title: Re: Who makes a living on Forex???
Post by: Arsssele on November 09, 2019, 02:26:14 PM
Eliza, nicely said. I also dont understand this habit with people to compare themselves with others. It is good to see what others are doing in order to learn something new, but copying the same does not mean that you will be able to make the same success.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on November 10, 2019, 07:44:29 PM
Yes indeed although having the same strategy and system trading, but the result is not the same, sometimes different number of capital, psychology trading, and also different broker, its become reason why the result varies each other
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on November 13, 2019, 05:22:44 PM
Eliza, nicely said. I also dont understand this habit with people to compare themselves with others. It is good to see what others are doing in order to learn something new, but copying the same does not mean that you will be able to make the same success.

The grass is always greener on the other side. Humans are social creatures, so comparing ourselves to others comes naturally, but is not always a good idea.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on November 13, 2019, 07:04:23 PM


The grass is always greener on the other side. Humans are social creatures, so comparing ourselves to others comes naturally, but is not always a good idea.

I think we should be grateful for our fortune, how big or small that value is, it also depends on how we spend it, the big value on big needs can be less, the small value on small needs can be enough
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on November 14, 2019, 04:04:48 PM
I agree. But people aren't always prone to doing what they should be doing. :D
Title: Re: Who makes a living on Forex???
Post by: drunkfx on November 18, 2019, 01:06:45 PM


The grass is always greener on the other side. Humans are social creatures, so comparing ourselves to others comes naturally, but is not always a good idea.

I think we should be grateful for our fortune, how big or small that value is, it also depends on how we spend it, the big value on big needs can be less, the small value on small needs can be enough

Yes but we understand the true value of what we have only after losing it, i.e. moving to inferior asset or income position. Its sad that people forget and can't accept that.
Title: Re: Who makes a living on Forex???
Post by: Eliza Abrams on November 18, 2019, 04:48:15 PM
It is, but it's also human nature. I have learned to accept it.
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on November 18, 2019, 09:46:29 PM
Yes I think as human nature, actually, every baby`s born they fingers clenched, it's only signed if actually human want to hold on anything in the world, but trading forex, sometimes losing money and we can`t hold on this money, should willing to accept it
Title: Re: Who makes a living on Forex???
Post by: Ggeyda on December 08, 2019, 11:58:04 AM
You will lose money on forex from time to time. This is fact. I find that how you deal with your losses is very important question for which every trader need to have an answer in advance
Title: Re: Who makes a living on Forex???
Post by: fxopen78 on December 09, 2019, 08:23:27 PM
You will lose money on forex from time to time. This is fact. I find that how you deal with your losses is very important question for which every trader need to have an answer in advance

Loss is part in trading, sometimes inevitable, but after all if profit accumulation higher than loss hence still considered as good trading, and to achieved this goal, I think each trader having own experience, which there are already profitable but some another still hard work to learn more
Title: Re: Who makes a living on Forex???
Post by: Ed Joshue on December 10, 2019, 04:47:04 PM
I'm thinking of start trading, I read a lot about that but I am scared of losses so much, so I'm hesitating all the time... So is it really so? Can you earn even for living with trading?
Title: Re: Who makes a living on Forex???
Post by: Adorazan on December 19, 2019, 11:15:36 AM
Now itís really good for me to make money on Forex and for the most part it depends on the fact that I have chosen a reliable company. Amarkets offers good functionality and a tool for successful trading.
Title: Re: Who makes a living on Forex???
Post by: adrazz on December 21, 2019, 10:02:59 AM
I'm thinking of start trading, I read a lot about that but I am scared of losses so much, so I'm hesitating all the time... So is it really so? Can you earn even for living with trading?

Then trading isnt for you, try something else.
Title: Re: Who makes a living on Forex???
Post by: Cerim on December 21, 2019, 10:38:56 AM
Making a living on Forex is quite real, but you need to understand that there are risks of losses, so choose a broker carefully.
Title: Re: Who makes a living on Forex???
Post by: Whitecrusher on December 22, 2019, 09:26:42 AM
But if you are only at the beginning of your journey, then I donít think that you can start earning money right away so that you have enough for a living, but over time it is quite realistic.
Title: Re: Who makes a living on Forex???
Post by: Lightwind on December 22, 2019, 10:34:20 AM
Everyone uses their skills as a strategy for making money and thus succeeds.
Title: Re: Who makes a living on Forex???
Post by: Kalace on December 28, 2019, 09:08:44 AM
Sometimes it happens that you lose when trading, but do not be afraid. This is a working situation.