You’ll eventually learn that there is no get rich quick scheme out there, or everyone would of done it. The best thing you can do is invest your money and take advantage of compounding at an early age, as well as start learning skills, such as trading or something else.
Everything takes time, focus and dedication and a little bit of luck.
Or just go to a casino and put everything on red.
The learning curve is averagely 3 years based on the people I have asked (small sample size) the very best make more than that but the average is very low. so yes 50% a year is outstanding performance.
As you can see from the above even the average CTA return for the year is not that great.
Damn… So how about you guys on this forum? Are you trading in your free time or are you making a living of it? And if the profit isn’t that great, why do you do it?
Doing it as part time… I have the advantage of full access to the markets at work. Been at it for 6 months live. Currently down 10% for the year. But we hear about some dude some where making big money… so we have hope and belief.
not true, when you use zulutrade demo you can almost simulate when your future outcome will be with the protfolio of SPs you have choosen with, you can calculate even with slippage what can happen 
I think we should nip in the bud this idea that the profits are not that great! Currency trading can be very profitable if done right, it gives a very good living. I think that there are a number of contributors to this forum (myself included) who make a full time income from it.
It’s safe to assume from this statement that trading is not for you. I would suggest you move along to something else.
I’ve been working my way through the babypips school for a couple of months. Its alot to take in and learn but I’ve also been demo trading and blogging every trade I’ve placed to help the learning process. Done that for a couple of months now…
I’m doing this because by the time i am 50, in 26 years time, i want to be able to retire and live off trading income. I think the fail rate of currency traders is something like 90%. Its hard graft for years - and that puts people off as they see it as a get rich quick scheme - but from the more senior members of this forum i think it is fair to say if you put in the work, you’ll get to the end of the rainbow…
I’m doing it as a part-time at the moment, but since I’m doing extremely fine at the moment, I guess I’ll have to consider doing it full-time
Risk is measured by your confidence at that very moment,- MoneyNVRSleeps
Not really… You can be 100% confident that your trade will win… But still be 100% wrong.
Your thinking 1 dimensional. Confidence must include all variables of the business,
Either your trade wins or it doesn’t… It doesn’t matter if your gathering your confidence from business, personal opinion, or using a ouija board… Increased confidence does not decrease risk.
Unless you mean that if you are more confident in a trade you are going to decrease the size of SL you use…
Confidence may… Being optimistic here… May coincide with a higher probability of winning… But a high winning % is not the same as low risk… SL size is what your risk is.
Enjoy your day,
Great profits to you,
And to you… May your risk run as low as your confidence high lol
Thank-You,
Banker, It just takes a rare combination of skill to pull high Risk trades off, simple as that.
It just so happens, My System is an unconscious strategy, kinda like tying your shoes,
Sometimes I put my shoes on the wrong feet :-/
Hopefully your subconscious is more reliable.
9% so far in last 4 hours, ( started late today)
8.6% actually, 25-1 ( 6 pip loss )
Nice! pats back