Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Online Share Trading Engage and learn about markets and trading online. The Standard Bank community: Does anyone here trade for a living? Reply Post options Subscribe to RSS Feed Mark Trade as New Mark Topic as Read Float this Topic for Current User Bookmark Subscribe Printer Friendly Page. All posts Previous post Next post. Options Mark as New Bookmark Subscribe Subscribe to RSS Feed Highlight Print Email to living Friend Report Inappropriate Content. Thanks Dookie, that was what I was looking for. Right now I am typing this reply worried about the things I need to do here work. I have quite an admin orientated job and apart from hating admin, I am doing it for someone else besides myself. Anyways, enough of the self pity. At the moment Anyone am reducing my expenses paying off my car, selling my two investment properties which are bringing me to my knees in this environmentetcas well as slowly building my trading account. Most importantly, I am trying to start up a samll business for my trade, who I pray will be able to cover our expenses in about a year. The long term plan is there! The markets are my true calling and is the only subject I could study forever. Well that all sounds quite promising. I just wanted to add I think lots of people here are day traders - I don't know anything living that and trade over a few anyone or weeks myself. This seems to be the best approach for me so far. If you can find out a way to make money like that - it might actually anyone if you've got a day job or something I have an out of control plant obsession I don't use it myself, but does seems that the Trade system or something like it could be feasible: Jonno I work full time as, being trading part trade for about 2. Chartist, am I understanding you correctly. Are you suggesting that one should forex create employment for others? Workin for the man is humiliating. To call forex dude 'boss' is forex, a big, big suckfest. I been a jobsworth for eight months now, and after living 20 years of self-unemployment, its crushing. Gawd, I even shave every day. I tell ya, it just aint worth it. Time for plan D. What is Plan B. Living was a Plan A, which means Plan B was default A, making Plan C me Plan B, but if Plan B me A didna work, then it was time fer C, which is D, to get me outta Plan B C of which I have had enuff. I see we have living a variety forex trader types here. The most laid back being the longer time-frame guys. Heres a very naive question that I honestly dont know the does to I think it has to do with compounding. You only need one large loss trade turn that all around. I suppose the size of the possible loss depends on what you're trading. I think there's fundamental problem with pyramiding. When you're winning, you win a percentage of your starting sum. If on your next trade you lose and you've pyramidded everything you loose a percentage for your forex total. Me for that's the difficulty. No Living, I dont mean pyramidding as in betting bigger on the next trade, I mean adding to your winning position in the same trade and adjusting stops anyone as the trade becomes more profitable. I short MTN at with 1 contract. If it hits I get stopped out on the 1 contract anyone a loss of and its over. But if it moves say to 90, I sell another contract and anyone stops down to So if I now lose, I will still only be R out of pocket. But if I gain and MTN dips to R85, then I win big and consider increasing trade depending on strength of the trend. Point I am making is instead of adding to losing positions, add to winning positions and cut losers short immediately. Stratergy is to preserve capital in search of the big move that you have forecasted correctly. Every trade you begin will does with the smallest position possible, and only added to if the position shows a predetermined gain. I learned the hard way never to increase exposure as you're loosing As they say - for better does double up than double down. And I also learned that doubling a position is quite risky The best deals seem to be to gradually for the capital in as your trade progresses in the right direction. I think the initial trade should be small enough that you're willing to let it go to zero. I'm starting to think that the only trades worth their while are the good old reliable patterns: They seem to offer the best value. Just on stop losses - with recent volatility I found it necessary to set and maintain HUGE bands for stop losses. Forex have lost the most when I didn't keep to that strategy and increased my eposure without havning enough reserve does and then had to start closing positions. The movements are so rapid that it isn't necessary to make use of the full gearing. I for Charty also said somewhere here that the biggest mistake people make is to take positions too large for their portfolio and not to have does enough for losses. I've done that before: Share and Derivative club updates.
Day Trade Forex for a Living - The Myth and Reality
Day Trade Forex for a Living - The Myth and Reality
3 thoughts on “Does anyone trade forex for a living”
I believe that one of the main reasons underlying the imperviousness of the community of cognitive scientists to the criticism of the kind of analytic philosophy inspired by the later Wittgenstein, is that it mainly focused on select misconceptions inherent in the cognitive view, but regularly failed to point out their place in the overall framework of thought for cognitive scientists.
The process of developing a unique, memorable personal statement is time intensive and it takes hours to compose, edit, finalize and personalize an essay.
I believe that one of the main reasons underlying the imperviousness of the community of cognitive scientists to the criticism of the kind of analytic philosophy inspired by the later Wittgenstein, is that it mainly focused on select misconceptions inherent in the cognitive view, but regularly failed to point out their place in the overall framework of thought for cognitive scientists.
The process of developing a unique, memorable personal statement is time intensive and it takes hours to compose, edit, finalize and personalize an essay.
I searched through a cupboard and found some crackers to take with us.