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Author Topic: Who makes a living on Forex???  (Read 36277 times)

Offline Eliza Abrams

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Re: Who makes a living on Forex???
« Reply #75 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.

Offline fulltimetrader

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Re: Who makes a living on Forex???
« Reply #76 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 :)

Offline shoofra

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Re: Who makes a living on Forex???
« Reply #77 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. 

Offline fulltimetrader

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Re: Who makes a living on Forex???
« Reply #78 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.

Offline Ned12

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Re: Who makes a living on Forex???
« Reply #79 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

Offline pipsbuster

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Re: Who makes a living on Forex???
« Reply #80 on: July 31, 2018, 04:50:40 PM »
Brokers, IBs, and EA vendors.

Online alaali

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Re: Who makes a living on Forex???
« Reply #81 on: July 31, 2018, 05:06:36 PM »
Brokers, IBs, and EA vendors.

Better to release my EA soon then :D

Offline Eliza Abrams

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Re: Who makes a living on Forex???
« Reply #82 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...

Online alaali

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Re: Who makes a living on Forex???
« Reply #83 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!

Offline nck

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Re: Who makes a living on Forex???
« Reply #84 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!

Offline Eliza Abrams

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Re: Who makes a living on Forex???
« Reply #85 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.

Offline Benjamin7

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Re: Who makes a living on Forex???
« Reply #86 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

Offline slimboydim

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Re: Who makes a living on Forex???
« Reply #87 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. ;)




Offline drunkfx

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Re: Who makes a living on Forex???
« Reply #88 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

Offline nck

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Re: Who makes a living on Forex???
« Reply #89 on: August 28, 2018, 09:15:04 PM »

 

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