Do you have an edge?

[mehkong]

Very nice said from your friend, i will keep that in mind.

[Hugh]

I have two suggestions...

1. Read about successful traders who started where you are. This will show you that it is possible.
2. Put in the work. Learn systems and test them on historical data and in a demo account.

Do you actually enjoy trading or are you just trying to make a quick buck? People who are successful in any endeavor love what they do. If you love to trade, you will figure out a way to become successful. Life is too short, figure out what you love and go do that.

[wangdu]

Hey!

I was wondering how to make money in forex. Is it realistic to actually win? I am not talking about billions and gazillions I am rather talking about making a reasonable amount of money.

I mean it is a lot of fun seeing those candles flipping around. That is why I am fooling around with a demo account. But I am not quite sure if it is worth spending that much time into learning all the stuff about forex.

Well, the problem which bothers me is that I don't think that it is possible winning at least for 90% of the people. Why? Let's say I have learned all the stuff I had to, I know all the basics, I am good in fundamental / sentimental / technical analysis and of course am willing to learn new things and I am diciplined enough to "play the game" the one thing I will never learn is how to rule the market. The market has its own rules and I will never be able to look into the future to see what will happen next. So why learning when in the end you will lose the one way or the other?

You can actually win consistently on the market you just have to know how it behaves though I understand from experience that it takes only 10% strategy (assuming it is the RIGHT strategy) and 90% psychology

[wangdu]

Hopefully someday I will be able to know and fully understand what you guys are talking about. But for now I am just "listening"

Simplicity is key in trading BruceBanner. Just to start, when do you enter the market and when do you NOT enter a market?

[BruceBanner]

Thanks for all your replies.

Do you actually enjoy trading or are you just trying to make a quick buck? People who are successful in any endeavor love what they do. If you love to trade, you will figure out a way to become successful. Life is too short, figure out what you love and go do that.

I love trading but at this very moment I am not very successful. I am just reading trying some strategies in a demo account of course. But it is really hard to get that kind of feeling only an experienced trader might already have to enter a trade.
I don't want to do it as fast as possible. I have time. But I want to get serious in about 2 month (when my strategy is working in a demo account).

[BruceBanner]

You can actually win consistently on the market you just have to know how it behaves though I understand from experience that it takes only 10% strategy (assuming it is the RIGHT strategy) and 90% psychology

So what is the most important thing? Moneymanagement / Riskmanagement or what exactly are you talking about?

[wangdu]

So what is the most important thing? Moneymanagement / Riskmanagement or what exactly are you talking about?

The trader is the most important thing in trading. No matter how awesome or perfect a strategy is it still depends on how the trader will use it.

There's actually a way/strategy to consistently make winning trades on the market. it is possible. We do it. Cool stuff.