Hello to everyone im just 20 but now making very good money of forex.i think that age and i really dont think that age has value here just the way you see things and … how do you do them.Is not easy in forex not just to deposit little money in forex and . hop just like that you make money …you should to read a lot to try to think how and why price goes like this and how to catch it …
thats all for now ... i wish everyone a lot of pips ;] just dont keep trying to have better life … bye guys
22, I have been doing stocks since I was about 17 as I was given 2200 shares of Exxon when my great grandmother died. All the other family members liquidated them, me being the only one that kept them, I am the only one with anything left. I am a math/economics major and really enjoy investing in any form. I own real estate and various other assets at a young age.
As far as Forex, I feel that for about 90% of the people that get involved have false expectations and plan on being able to get rich quick…and fail. I spend very little time with it and can supplement about $1200 to $1500 a month. My goal is to keep all the profits from Forex and open a managed account with a “real” broker.
Never too young and never too old!
2200 shares of xom is not bad at all! you gma had some nice taste in her stock picking!!!
Nice job vegas!!!Sounds like you have it together at such a young age. I am 33 and wish I had done more by now,But I guess it;s better late then never.I was just wondering if you don’t mind saying what size account do you make these profits with? $1,200-$1,500.I was just wondering how far I am off. Well good trading to you friend and take care!!
I am using a mini account. I keep 5,000 in it at all times. Everything over 5,000 will get withdrawn once per month.
My basic strategy is to swing trade any pair involving the dollar. My favorite are the USD/JPY and EUR/USD.
I use basic pivot points and fib levels and try to catch the reversals once they are confirmed with my indicators. I allow the trade to go through small areas of support and resistance and will only close the trade is the major trend is broken.
I trade with 4HR , D, and W charts. I will leave these trades in for as long as they need to be there, so up to weeks is okay with me.
I will also position trade with micro lots on the same account and will leave a micro lot trade open for months if it is doing well.
I do not trade news events or try to scalp. The idea for me is to become profitable and go from 1 lot per trade then to 2 to 4 and so on. As long as I don’t risk going below my 5,000 I will keep doubling or tripling the lot sizes. If I loose all and wind up at my 5k limit level, its acceptable by me.
( I got my ass kicked this month by all the damn news events and record levels being set)
I feel that I am more of an investor than a trader when it comes to forex. I look at the worst possible scenario. Such as: if the major trendline is broken , how much will I loose? If can take the loss, I am all in.
I may write down my methods in detail one day, but the web is so full of self-proclaimed experts, I will wait until I truly am successful before I do that.
ONE MORE THING— OPEN YOUR ACCOUNT WITH A C-CORPORATION! There are so many benefits to this I don’t have the energy to describe.
hello lasvegasforex,
Your telling me you make$1,200-$1,500 a month off of $5,000? That sounds pretty good I am happy for you good going!What are D,W charts? I haven't heard of them. On an average how many trades is that a month?With a 4Hr chart I would think it isn't to many huh?Well keep up the good work!! It sure would be nice to do this full time for a living.I would have more time for my family,I work around 65-70 hours a week right now just to make it.I would like to use my mind to make money one day not my body...Take care lasvegasforex!!Not quite, I average that, some months I loose, make more than that etc. I am pretty high risk due to the fact that I double my lot sizes each trade during month. Meaning if I hit 150 pips on 1 lot, I will open my next trade with 2, then 3 or 4. The idea by the end of the month is to open a trade or two with 6-10 lots. I try to make it so the increase of lots is hedged ( a bit) by my profits from the prior trade. That doesn’t mean that I am 100% profitable, and I have suffered major drawdowns and loss of capital.
The hardest thing is to stop myself on a roll, meaning if am up to 10 or 12 lots per trade and successful, taking my profits and going back to 1, I try to do this once a month, sometimes I will “parlay” as you will, for only 2 weeks and sometimes for more, the longer I do, the more risky it is and the market is tricky.
I will also take long term position trades in the favor of the long term trend…using this a a hedge,I will then place some swing trade opportunities on the short and medium trends in both directions.
BTW, D = daily and W = weekly. Weekly is my long term trend, daily for medium and 4hr for short.
I wouldn’t recommend following my advice or anyones for that matter, not that there is not good advice, but you have to find your own way. I studied a few methods and most importantly listen to peoples failure stories as much as successes.
Im 17 here 
33 here…opened my first practice account maybe 5-6 years ago it seems and just ‘rediscovered’ it again a few months ago.
32 here…
I am 26 here. Opened my first demo account in March. Started trading live too soon after (only a month). Lost a fair bit, but have now turned the corner (I hope). Wish I had found this place earlier, but oh well.
Me to.
I’m 78 and I’m really enjoying myself here…
42 here. Single, no kids, never been married, nor do I plan on it 
Background: HS dropout, but have some college credits; no degree. I’ve always done fairly well in the workforce considering my background. But, after getting laid off in the late 80s/early 90s recession, it really got me thinking. That company I worked for eventually ended up liquidating many of its assets, including the division I worked at. I now see the company I currently work for making some of the same bone headed management decisions.
So, at 42 years old, I’ve decided that I’ve had it with placing my lively hood in the hands of idiots who could give a rat’s a$$.
Let’s backup a little to my late teens / early 20s. My then best friend and I would go to car auctions and buy beaters that ran fine, but needed to be cleaned up. We would buy them, wash, wax and tune-up. Then, we would flip it for a few hundred, sometimes more, quick profit. I screwed myself one day when I bought a well running stick shift that I knew would give me a quick $500-600. Unfortunately, after I purchased the car and had to take “delivery” by 4pm that afternoon, I realized the car’s clutch was toast 
Hind sight – it turned out to be a good lesson in risk management.
My system is very similar to LasVegasForex’s method. I like holding positions for several days while in a long[er] term trend. If market runs into a consolidation, I switch over to scalping technique w/30 sec, 1 min/ 3 min and 5 min charts. I’ve been playing with a $10K base and making approx $1500 to $2000 every 10 days or less. And I just discovered Gold and Silver spot market, so I’m playing with that, too. Should be taking my acct live 1/2/2008.
With the US economy headed firmly into the toilet, I’m expecting a great 2008 Forex year.
Whoops sorry, forgot.
I’m 79.
Dr Alzeimer keeps knocking at my door…
Well you keep that door locked.
BTW, a big Thank You to all you really old 
guys. Seriously, you are inspiration and I wish you many, many pips.
Trouble is… my eye sight is not unlike Mr Magoo’s…
So I keep letting him in !!
Ha.
I’m not OLD.
My father is 98.
He’s old.
40 years young! Just discovered forex and futures last year. Losing a lot of weight and loving it!
51 here and in the top few % on age if not yet in trading success
I have worked for people and had businesses over the years and nothing comes close to trading for job satisfaction. Many people seek the ‘holy grail’ in forex, when really forex IS the holy grail!
I will be satisfied with modest profits for my efforts but my NO1 priority right now is staying in the game. I’m still on micro lots for that reason, however I’m hoping to make the big step up to larger lot sizes within 3 months from now, so …here’s hoping!
I’m 20:). I started trading few months ago, but i stoped and started again now:)