Hello all. I wanted a feedback from you guys.
I have been trading and studying Forex and the Financial Market for about two years and I started to develop few strategies that I use to trade the market.
Unfortunately I do not have enough money to trade full time, so I believe I have to wait other two years until that moment.
I was thinking to study to gain a formal qualification in Banking and Finance in UK or to become a Financial Planner.
Since I got big time age (already 30 years old) is not going to be easy from now on to get a job when I will probably be 33-34, and on the top that I need to add the actual economic crisis that in Europe is getting worse and worse.
I would really appreciate to hear from you.
Your still a young buck! How much money is needed to trade Fulltime. Or how much to start.
It depends how much money you need to live off of trading. If you know how much money you need for living, than with the lowest expectation of 5% per month, (if you have an overall risk of 1% per trade) you pay all your expenses.
I gave you few numbers to give you an idea. You can do more, but in many accounts I see many months with drawdowns.