Forex trading as a career? - Page 4
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  1. #31
    Join Date
    May 2012
    Posts
    143
    This is a good idea to earn big money in less time BUT do not leave your job. Join a brokers firm to share your knowledge and earn huge incomes. Do it as part time trading.

  2. #32
    Join Date
    Sep 2012
    Posts
    155
    I think the trouble with having Forex trading as a full time career is, much like when you switch from a demo to a live account, the untold psychological pressures are completely different. So you might be trading quite successfully, completely unaware that by changing the parameters and the meaning/results of your trading you completely change the way you trade.

    I'd go with what people have said, that it's viable if you have a large cash reserve already, and you know that you can afford to still almost treat it like a hobby, but also your main source of income. I think that'd be a pretty lucky position to be in tbh.

  3. #33
    Join Date
    Sep 2012
    Posts
    16
    Quote Originally Posted by Phepi View Post
    poojafx only for your info trade close, if I can give you best advice dont seach for any signal services they are for 99% scam, and try make your own trading system, here on babypips is really great blog, just follow pipsurfer or take a look on youtube on his chanell, he explain very good all details Attachment 32448
    So You've Finished The School Of Pipsology...Now What? | Forex Blog: Pip My System hope that will help, good luck
    thks heaps phephia for responding .. ill check the blog out..

  4. #34
    Join Date
    Sep 2010
    Location
    Peak District, UK
    Posts
    2,405
    Quote Originally Posted by Jezzode View Post
    I live of £5,000 a year... that's university life for you!
    Ahhh, you're making me nostalgic. Bitter was 70p a pint in Leeds student pubs, and that was only the late 1990s... sigh... Could have dinner out for two, leave a tip and only need a £5 note (I'm not kidding). Plus I had nearly as flexible time available as I do now that I'm a trader...

    Back to the question at hand - I'd have to agree with the poster who thought (and I know that I am paraphrasing) that TrickShady is on the wrong site, in the wrong business. There is a point when it makes absolute sense to go full time with trading. I left a good career, I was senior management level, had a lot of people working for me, lots of responsibility, travel etc. but now I have more free time and make better money. And maybe I'm odd, but I find trading exciting, the open-ended opportunities it presents, the extreme flexibility. And, of course, the open-ended income.

    Going full time is not for everyone, but then surely that is true of most careers? They don't all suit everyone. Trading as a primary income needs a plan, preparation, careful thought etc just like any other business. But I passionately disagree with TrickShady.

    If anyone wants to go full time at this then it can work. You have to want it, you have to make some investment in terms of time, money, emotion etc. to get there, and it won't work for everyone, but for me there is nothing I have found that touches it. And I considered a lot of options!

    If you want it, go for it. Better than sitting on the sidelines and wondering how it would have worked out. There's no dress rehearsal in life, after all...

    ST

  5. #35
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    1,807
    Quote Originally Posted by SimonTemplar View Post
    Ahhh, you're making me nostalgic. Bitter was 70p a pint in Leeds student pubs, and that was only the late 1990s... sigh... Could have dinner out for two, leave a tip and only need a £5 note (I'm not kidding). Plus I had nearly as flexible time available as I do now that I'm a trader...
    Sounds like you certainly had your priorities in order, a pint of bitter, then a meal for two, and back home in time for trading! £5.00 for a meal, that wont even cover a 15 minute Train journey home! How prices have changed...I still find it hard to believe that back in the 'old days' you could buy a house for £1,000

  6. #36
    Join Date
    Sep 2010
    Location
    Peak District, UK
    Posts
    2,405
    Quote Originally Posted by Jezzode View Post
    Sounds like you certainly had your priorities in order, a pint of bitter, then a meal for two, and back home in time for trading! £5.00 for a meal, that wont even cover a 15 minute Train journey home! How prices have changed...I still find it hard to believe that back in the 'old days' you could buy a house for £1,000
    Lol I know, the thing is I graduated in 1996 and am 'only' 38, yet some of the prices I could quote from then make me sound like I must remember the war! A 'meat curry' (!) in my local restaurant was £2.40, the veggie curry (my then girlfriend, now wife, was a cheap date lol) was £1.80!! With free tap water. Being a high roller (I must have sensed trading in my future) I used to leave an 80p tip (which to be fair was nearly 20%) and just leave a £5 note. Happy days.

  7. #37
    I personally want to quit my job so I can start trading full-time.

  8. #38
    Join Date
    Oct 2011
    Location
    Bergen, Norway
    Posts
    456
    Be sure your trading profits can handle your expenses before you consider making the switch. Where the be sure part is based on atleast a year of consistent profitability

  9. #39
    Join Date
    Jul 2012
    Location
    here and there
    Posts
    633
    Quote Originally Posted by Jezzode View Post
    Sounds like you certainly had your priorities in order, a pint of bitter, then a meal for two, and back home in time for trading! £5.00 for a meal, that wont even cover a 15 minute Train journey home! How prices have changed...I still find it hard to believe that back in the 'old days' you could buy a house for £1,000
    hey, that's amazing. houses that cheap. would you mind telling when this was possible?
    now, is it like 5x to 10x that amount?

  10. #40
    Join Date
    Sep 2010
    Location
    Cheshire, UK
    Posts
    1,807
    1961 to be exact

    Average house price now in the UK is £162,900 as of the Land Registry Office.

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