Forex trading as a career?

No I trade cowabunga system, and just waiting for crossover same system like pip surfer, right now I am at trade, GBP/USD since 10:45 CET entry 1.62288 SL 1.62085 and TP 1.62500, will see in attachment


dunno automatic system I dont trust them, pipsurfer got really nice track record Cowabunga Trade Record | Forex Blog: Pip My System and for 2008 is here 2008 Cowabunga Trade Record | Forex Blog: Pip My System

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



So You’ve Finished The School Of Pipsology…Now What? | Forex Blog: Pip My System hope that will help, good luck

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.

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.

thks heaps phephia for responding … ill check the blog out…

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

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 :slight_smile:

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.

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

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

hey, that’s amazing. houses that cheap. would you mind telling when this was possible? :slight_smile:
now, is it like 5x to 10x that amount? :smiley:

1961 to be exact :slight_smile:

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

Wow, I thought I was doing well getting pints for £1.60 at Uni a couple of years ago. Although a 90p more in 7/8 years is actually not too bad at all :stuck_out_tongue:

To make Forex your carrier is something that can be done. Many traders around actually trade to earn money and it is possible to do. However, you should know whether YOU are prepare to face it and live on Forex. There are who can do it because they know and understand what the market is all about. So do you think you know Forex completely and can depend on it for living??

My opinion is that nothing in life should be done halfarsed. I can’t imagine that anyone who calls himself a trader can afford to work something completely different from 9 to 5, when he or she should be constantly keeping his eye and mind on the charts and fundamentals…Maybe some people figure gambling can be a hobby and same can apply to Forex too. It can, but I presume nothing will come out of it…Give yourself an intensive year of learning and at the same trading and if you see that you can really do it successfully, then that’s it, you don’t have to move on…What do you think?!

I think I’d have to disagree with you on that. One of the professional traders that I respect a ton, Ray Barros, said in an interview that he didn’t become profitable for if I remember correctly 4 or 5 years. I agree things shouldn’t be done half assed but I don’t think doing something part time means you’re doing it half assed. Right now I work full time during the day, go to part time classes at university AND still trade with good profitability. I believe you just need to know firstly to manage your time properly and how much work you can do.

Though obviously my goal is to have trading as my sole income but I think people can do both things if they tailor their trading style to how much time they have.

i agree. not a lot of people can afford to go into full time trading immediately.
part time does not immediately equate to ‘half assed’. it’s more about productivity and time efficiency… and how much and how efficiently you absorb along the way

I graduated in '96, just before mobile 'phones, and suddenly it feels like the dark ages lol. But yes, there was one pub that did bitter at 70p a pint every day, usually it was 90p-£1.10 in other places. This was Leeds. Duty etc has made prices shoot up in the past few years - it’s £3.20 a pint in my local, now, and that’s Derbyshire not London.

True. You are one smart man. :slight_smile:

A pint on average around the uni was about £3, on campus at the SU and on student nights elsewhere it’d be around £1.60 give or take a few pennies. Back home down south i’ll be lucky to see a nugget change from a fiver in a lot of places :open_mouth: Only going to go up by the looks of things too.