So my plan is to trade on a demo account for 4 months from 4am to 10am eastern until June 17th.
I have been trading in profit for 3 consecutive weeks now and consider myself fairly experienced having blown out 2 live accounts in early 2005. I decided to do it right this time.
I am currently a middle school teacher and my wife thinks that going live in June 17th trading forex for a living is the easy way out of life. She can't see it being a real job I suppose because you get to sit at home on your computer.
My plan was to start with $3,000 in a mini trading 4 lots on the cable..... my system has 75% accuarcy..... hopefully by Early September with my combine forex profits (if I trade well) and online internet sales that averages $2,000 per month I can be a full-time trader/internet marketer.
Is this realistic? I am trying to prove a point to my wife here. She see's a trading job as me trading someone else's money rather than my own. What do you guys think?
Honestly, only you know what youre capable of pulling off.
If you are truly sure of this, and honestly believe you have a system in place that will have you earning money with Forex, than go for it.
On the downside, if something goes wrong, it could destroy everything.
I am only speaking from my own experience.
My thoughts of Forex are very mixed.
Its like someone who can truly count cards in black jack, they KNOW they can do it, so they travel the country playing casinos in person. They like traveling, and its a cool life, traveling on planes, playing at casinos.
If you KNOW you can do this, than do it. But if you have doubts, id suggest thinking of other ways to aid in making money as well.
I honestly think, that one should have a savings account with enough funds to maintain basic living expenses for a year or more, in case something goes wrong.
Just remember , 90% of forex traders lose their accounts, so if you have a system that consistently works and you cut your losses short and maximize your profits , this shouldnt be a problem. You can do it for a living if you have discipline, a good system, and good money management. Honestly i dont thing doing it to prove a point to your wife is a good idea to just "do it", but if you can do it and are confident then hits shouldnt be a problem.Forex is serious stuff, 90% of people lose their accounts.
"n the downside, if something goes wrong, it could destroy everything."
This shouldnt be a problem if you have tight stoplosses and use good money management and trade with lower margins.I can't emphasize the important of stoplosses enough, they are what can make or break traders.
Good luck and i wish you the best, you seem to have a good system which is important
So my plan is to trade on a demo account for 4 months from 4am to 10am eastern until June 17th.
I have been trading in profit for 3 consecutive weeks now and consider myself fairly experienced having blown out 2 live accounts in early 2005. I decided to do it right this time.
I am currently a middle school teacher and my wife thinks that going live in June 17th trading forex for a living is the easy way out of life. She can't see it being a real job I suppose because you get to sit at home on your computer.
My plan was to start with $3,000 in a mini trading 4 lots on the cable..... my system has 75% accuarcy..... hopefully by Early September with my combine forex profits (if I trade well) and online internet sales that averages $2,000 per month I can be a full-time trader/internet marketer.
Is this realistic? I am trying to prove a point to my wife here. She see's a trading job as me trading someone else's money rather than my own. What do you guys think?
If u have other income sources like internet sales than u don't need to worry too much in trading. Wish u luck in trading.
So my plan is to trade on a demo account for 4 months from 4am to 10am eastern until June 17th.
I have been trading in profit for 3 consecutive weeks now and consider myself fairly experienced having blown out 2 live accounts in early 2005. I decided to do it right this time.
I am currently a middle school teacher and my wife thinks that going live in June 17th trading forex for a living is the easy way out of life. She can't see it being a real job I suppose because you get to sit at home on your computer.
My plan was to start with $3,000 in a mini trading 4 lots on the cable..... my system has 75% accuarcy..... hopefully by Early September with my combine forex profits (if I trade well) and online internet sales that averages $2,000 per month I can be a full-time trader/internet marketer.
Is this realistic? I am trying to prove a point to my wife here. She see's a trading job as me trading someone else's money rather than my own. What do you guys think?
Believe it or not, demo trade is not like living trade. Most of people can earn moeny from demo trading, but most of them lose money from living trade.
Believe it or not, demo trade is not like living trade. Most of people can earn moeny from demo trading, but most of them lose money from living trade.
I have traded on a demo for 3 months, went live and blew out 2 accounts. It's been a year now since I've started trading and will be over 1 year and 5 months from when I initially started.
I have a working system now and trade on strict rules. I feel more comfortable now because I have the money to lose.
Forex Trading as a job
Hybrid Mode
