Wow! A few years ago it would have been tough to find any positive comment to that question. Amazing what maturity in an industry can do. I do very well from FX trading, I also run a training program but that’s a natural progression, I also have had a professional commodity trading background, so all said and done I am very happy with FX and commodity trading. I also trade stocks too, this means FX is not my only source of income. So I guess now I don’t have to trade. I manage money for friends at first and now offshore clients.
Next year I m thinking about heading State side with a view of further expansion. So I was just crazy enough to sink my life into this, a lot of people trade for one year max and throw in the towel. I really excelled when I took 3 months from a then lucrative Real Estate venture to invest in my trading, it went straight up from there, that was many years ago now. (I don’t believe you can do this and have a job).
So not to sell the dream but with the right attitude, this can work for you.
In my city I’m yet to find a person who is trading and making good money from it. There are some odd traders that are trading but not on very big scale.
Forex business still becomy favourite business as one way to get earning, forex business still potential to making triple money although also included risky business, my young brother he now also already treat forex as main source income and some trader already trading for living
Forex trading some trader said if this is like as psychological game, which always involved emotion in trading, sometime facing floating loss will making fear and for newbie might this will disturbed emotion and being panic, become success trader is hope among trader and need experience
I understand your emotions, because in my early stage of trading I was also confused about my destination! By the way, don’t lose your learning interest too fast! You should concentrate on your learning process instead of your result! Do sure your fixed trading plan with your specific trading strategy or system! In addition, according to my personal trading experience PA trading strategy is the best system of reading Forex market movements, so study on PA analysis!
I totally get that feeling. For a newbie, making consistent money through Forex is a far dream. First we need to learn how to control these emotions and anxiety which are big killers of profit. We lose we panic we trade more and we end up losing even more. That’s what I experienced as a newbie.
If you really want to become a successful trader then you always need to learn the basics of Forex before start. If you are loosing your money consistently then stop your trading and go to demo trading and do practice more and more and test your strategies and make a good plan to trade successfully with real trading.
4 months of trading isn’t a large enough time for hoping to trade successfully or for good profit. In general it’s possible to trade on forex, it’s just that for some 100 dollars is enough, for others 1000 isn’t enough.
