Trading for a living. Tip #1 - page 2
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Hello community members.
I am one of the newest members and looking forward to continue interacting with each other through this forum.
Regards
Shadrack
Well , I totally disagree.Yes , there are dreamers out there but who guarantee they will not make millions ? With good money managment , and a good strategy , and with consistent results , yes it is possible to earn 10% or even 50% a month .Dreamers are those who want 1000% per month , but trade with no planing , just buying when is too low and selling when the market is too high.Let's take an example of a very good system and a very good managment of risk.Let's say a trader can get 500 pips a month using just 5% of his/her acc.This is 25% per month , and even if you start with $2.000 , in 3 years you will be a millionaire.You got to dream , this is important , but believe in your dream , and always keep reasonable goals , because step from step , you can achieve what you think it was impossible.
If you are 18 for example and are thinking of making a live of Forex , why not ?
Soon I will invest $2.000 on Forex , and will try to keep my profits reasonable (already have a good plan , just testing it for now) , and will show you that it is possible to make a living from Forex starting from just 2K.As soon as I put the money on the broker (Lite Forex) , I will make a topic , and will keep you monthly updated with my trading results , this way I know there are people watching me so I will try to do my best every month , keeping my profits from 10-50% , always focusing on money managment , and following my strategy.
That's it folks , good night for all in America
Soon I will invest $2.000 on Forex , and will try to keep my profits reasonable (already have a good plan , just testing it for now) , and will show you that it is possible to make a living from Forex starting from just 2K.As soon as I put the money on the broker (Lite Forex) , I will make a topic , and will keep you monthly updated with my trading results , this way I know there are people watching me so I will try to do my best every month , keeping my profits from 10-50% , always focusing on money managment , and following my strategy.That's it folks , good night for all in America
great congratulation ...just waiting for the result..and if you don't mind could u share your system with us ?
Soon I will invest $2.000 on Forex , and will try to keep my profits reasonable (already have a good plan , just testing it for now) , and will show you that it is possible to make a living from Forex starting from just 2K.As soon as I put the money on the broker (Lite Forex) , I will make a topic , and will keep you monthly updated with my trading results , this way I know there are people watching me so I will try to do my best every month , keeping my profits from 10-50% , always focusing on money managment , and following my strategy.That's it folks , good night for all in America
We'll be looking forward to that!
Many would keep an eye on your trading and your system for sure..
Good luck on you..
Hi you all. I KNOW its possible to do 10-40% in one month, it depends on you the individual and your emotions. If you can stick to a technique that works for you and do not deviate from it you can do anything. Risk management is a very important aspect to a traders plan, without it your going down hill and with a rocketship.
Your aim should be simple "Make Pips, Keep them and repeat. I agree with alot of the statements posted are true, I think to really make it good you need to open your account with USD$20,000 or more. Confidence is not the same as to being cocky.
Hi you all. I KNOW its possible to do 10-40% in one month, it depends on you the individual and your emotions. If you can stick to a technique that works for you and do not deviate from it you can do anything. Risk management is a very important aspect to a traders plan, without it your going down hill and with a rocketship. Your aim should be simple "Make Pips, Keep them and repeat. I agree with alot of the statements posted are true, I think to really make it good you need to open your account with USD$20,000 or more. Confidence is not the same as to being cocky.
It is D.I.S.C.I.P.L.I.N.E
FerruFx
the most important is 10 : 3 , 10 win 3 loss and this case can be repeated again and again for a longer time
Put simply, one needs to stick to a system. One musn't chop and change every 5 minutes, how will you ever know what works? This is one of the main issues I notice with a lot of newbies.
Forex for a living will need a "mattress" of money that we could afford to lose, other ways will be something that may lead to a terrible economical and psycological crisis of the person that dared to "play the game" without the coins"