different question:
-is there anyone here that knows any master degree that focuses on currency trade -forex- ?
-probably a master in finance yes, but one in particular that focuses more on currency trade above th other subjects?
thanks a lot
hi…i am doing the same…i have a bit of capital and planning to start on my own…looking for a trading partner…anyone interested?
Hi I am also trying the same. As of now I am going through all the chapters in School of pipsology
of this site. Hopefully I will complete all chapters in a months time. After that I will open the free demo account & further test my own knowledge.
opportunity cost is too high? sure, but tell that to serious (talented) athletes and musicians, or anyone serious in his or her endeavor. do you think they will quit what they are doing because the opp. cost is too high?
you also forget that trading is a business in and of itself. in fact, it is much much better than any other business, once you get successful in it. no employees, but you HAVE leverage. with or without significant capital, you can succeed.
Other businesses may or may not be better, and surely they are not necessarily ‘less risk or more profit’ than trading.
regarding making a living… you also forget that not everyone in the world needs $80k to $150k a year, or even $300k a year, to make a living. cost of living greatly varies from country to country.
I live of £5,000 a year… that’s university life for you!
I’m wondering what TrickShady is even doing here, since (s)he has such a shabby view of trading. Perhaps (s)he is being “tricky” and trying to discourage people under the illusion that (s)he is going to “save them in the long run.”
[I]My story…[/I]
I have put in a few years to the forex markets, but I have had a life outside of trading, and I do work a full time job as well. What is interesting now, is that my trading activities are gaining my account an almost equivalent to what I earn in my day job salary. I’m not there yet, but I am looking forwards to the time when I will be able to earn way more money trading then I could in the current company for which I work. The irony is that I will be working less hours to make more money. How can that possibly do anything but improve my quality of life? More time to travel, more time with the significant other, and more time with the family when that comes along. As for trading being boring, hell, I argue the [I]opposite[/I], trading makes my day job look boring and something for the dull-witted to toil at for 8/9 hours a day. Trading is not for sheep, mind you, it is a full contact sport.
Yes, the OP is banned, yes the question was asked in 2006 (or whenever), but this is still a valid question and always will be.
I am full time forex trader since 2009, I love this business of trading. Is businees of informations. You need take decision, that for all you success or failer you are 100% responsibility (not your broker or walking cat on keyboard) . I think they are 3 parts of happy trading: discipline, money managment and writing trading plan! you need have algorithm for all stuff for entry, for exit, for holding positions for be flat and don’t trade. You got no boss, no employee and freedom. But you need look out for R:R this is key runs your profit and cut your loss. I am making in average about 2000 euro per month sometime more sometimes less, I am trading from 6 a.m. 10 p.m. CET and only one pair. Most time waiting for trading signal patience 
and btw here on this site babypips you got all info what you need to be superstar forex trader, <3 babypips
hi do u (PHEPI) use automated trading signals…does anyone use automated trading signals here and is it worth it?
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
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?
now, is it like 5x to 10x that amount? 
1961 to be exact
Average house price now in the UK is £162,900 as of the Land Registry Office.