There's about $4,000 traded every day on the Forex market for every man, child and woman walking this planet don't listen to what other people say cause they enjoy telling other people they can't do something.
I've made alot of money by not listening to other people, if people wanna think you can't make money oyt of something don't listen to them more fool them I say.
Get your own plan of attack together, and risk it. I know a few people that make 600 pips a week and double $150,000 accounts every month you think they do that by listeing to people saying oh you can't do something!
not really, as long as you have 2k that is good enough.
understand stochastic this indicator!
20 pip is not a problem at active sessions. by risking 30% of your account. should be profit within 30 min. $120 a day that is what I am after daily.
That's be quite a good goal to achieve, what strategies do you use mtuppers? I have been trading for a while now & I'm usually well below $120 per day.
I also agree, I think Forex is a great as a hobby or a way to earn some extra money as long as you're willing to risk a little. The truth is it's difficult to be successful trading FX especially if you're not a full time trader with years of experience and proven techniques on your side.
if you're not a full time trader with years of experience and proven techniques on your side.
Fulltime Trader? Meaning you are staring at 15min charts all day and wondering why you just wiped out a hard morning's scalping trades in one stupid afternoon?
I look at the charts twice a day. Once at midnight on daily charts for swing trades, and again in the morning to take some intraday breakouts. I think spending more than an hour deliberating over trading decisions is over-trading and can lead you to mistakes.
I'm primarily a technical trader over longer term charts. I don't even look at economic news as when you trade Daily/Weekly/Monthly charts, news releases are just noise in the trend
Of course not, I dont even suggest this to someone. Forex should not be a goal for someone. It just a business of currencies, even if you get huge jackpot in Fores its certainly not gonna help to live life. You better limit it to just an extra earning.
not really, as long as you have 2k that is good enough.
understand stochastic this indicator!
20 pip is not a problem at active sessions. by risking 30% of your account. should be profit within 30 min. $120 a day that is what I am after daily.
Uh...I went through that stage as well, I think every trader has to go through this. I had my "indicators period" as well till I learned that this is just all crap. And risking 30% for a single trade? Wow... How long have you been doing that? 2 weeks? 3?
It's just impossible to make a living with just $2k.
Uh...I went through that stage as well, I think every trader has to go through this. I had my "indicators period" as well till I learned that this is just all crap. And risking 30% for a single trade? Wow... How long have you been doing that? 2 weeks? 3?
It's just impossible to make a living with just $2k.
2 month or so...
Quote:
Originally Posted by ExecutiveIncome2You
That's be quite a good goal to achieve, what strategies do you use mtuppers? I have been trading for a while now & I'm usually well below $120 per day.
indicators
Aroon (this one very good to see if trend is ended)
ADX (show buyer or seller contorl the market) DMI for meta4
Wailliams' Percent R (way better then RSI if is off 0 or 100 then stochastic should going to crossover)
stochastic (I think most of trader know it)
Re: Can Your Live Off Forex?
Why do people come on here and talk non-sense?
Hybrid Mode
