And you would be absolutely right. All systems, strategies, indicators, signals etc work sometime. But absolutely nothing works all the time.
What you’re asking is not going to help you. I’m a full time trader. I start Sunday at the opening and finish on Friday closing. Does that help you? I am open to trade 28 pairs. Does that help you? My Risk Reward is % of Capital. Does that help you?
Here’s why that info is useless to you. I would say (being objective) I am in the early fall of my life. I trade according to my needs. That’s what you need to do. Full time trading requires full time work. Like all self employee businesses. I’m not hear for fun, or because I’m bored. I don’t spend time on this forum with those who are. This business is easy when things go you’re way. This business sucks when it doesn’t. You always have to be building on your knowledge base, by listening, testing and recording.
A strategy has to be built around your needs. If someone is trading on the 1, 5, 15 minute time frame is useless to you; just like another person is trading 1,4 hour and daily time frames is useless to you. What someone who is trading a 3:1 Risk/Reward strategy is useless to you. Why? Because everything works sometime, but nothing works all the time.
I started with a budget. What do I need to make my definition of a living.( everyone’s definition is different). Next I got a solid information base on Forex. Not how to trade it but what what I need to learn so I can develop strategy that meets my needs to trade it. Next I took the information that I learned and began to develop a strategy to get me started. I spent more time analyzing and measuring my strategy so I could tweak it based on the past performance. That is still not good enough. . .analyzing and measuring is a full time and on going process that needs to be done daily.
Again my opinion, not necessarily facts. At any rate I hope that helps
Gp
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Hi GP
Many thanks for your reply, im prodding around, maybe pushing a couple of buttons, im eternally grateful for an honest reply .Im not in any way looking for tips or strategy from people (however, all is appreciated ) .What im after is successful traders that have moved into it from normal life. Why —, because i too, like all of us , found this " thing" , dreamed a little and got on the curve .I haven’t blown out, but took a long time learning , like most. However, i know the markets can pay, but have barrier/wall of crap to get over before the truth can come out. Heres an example .I run a groundworks firm, 50 years old .Good money, nice living, pissed of with the injuries, blokes messing and general hard work, early mornings.I can point to many people in my trade that have cracked it , and understand why.If im going to trade , im taking my mindset from all these years, and need to understand the extra % that gets me there, yet that extra % isn’t there, I can’t find those people .Dont forget , every word we are saying , is sent through a site erning big bucks from our viewing . Everything we watch on youtube , more money earnt .Heres the clincher for us , this can be checked . Most postions placed with most retail brokers never reach market, they take them themselves. They know the retail guys are slowly blowing their money.
I stand by my question, OWN UP ,WHOS MAKING THE MONEY ?
You’re assumption in my opinion, is wrong. There are no big bad monsters hiding in the closet, under the bed or behind the door. What there is retail traders who don’t want to commit to ongoing learning, hard hard hard work everyday. patience, planning tweaking as conditions change. Are there dishonest brokers? Of course. They are not the majority, they are the minority. Most can be avoided with a little hard work by the trader.
But most new retail traders look at the bonus, contests, 1000% leverage, $1.00 to open account,; full time traders look at: how long have they been in business, are there complaints, how’s rep & customer service, Is this where I want to risk my money.
Ask any professional poker player, who would you rather play against,long term pro or a rookie, everyone will tell you rookie and when you ask why, they tell you: rookies don’t want to commit to ongoing learning, hard hard hard work everyday. patience, planning tweaking as conditions change.
Ask any casino manager why casino’s don’t have to cheat. They know if you are a rookie and play long enough they’re going to get your money without cheating.
Again in my opinion your question should not be “Own up, who’s making money” Your question if you’re thinking about becoming a full time trader " Help me out, " I’m not in any way looking for tips or strategy from people (however, all is appreciated ) .What im after is successful traders that have moved into it from normal life," and how did you do it.
Again only my opinion.
Gp
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lord_nelson Psy attention 
Kimbernator, thanks for sharing with us about blowing your account more than once; we’ve all been there. So would you say that in regards to blowing your account more than once that you learned the trick is not to make the same mistake more than once, but the rick is try to make the same mistake the least amount of times as possible?
Can you tell us how many pairs you look at, what markets you look at concerning the pairs you watch? I trades six currencies which equals 28 combinations, I have looked, logged and update how each combo performs in each market. All of these pairs range over on average 60 pips (600 points) per day. Now for example the GBPJPY is much more volatile during the London/US market times than the Sydney open.
Thanks for sharing
Gp
PS Again in My Opinion, this a great thread for new and experienced traders to learn from
It’s called the BMW syndrome - affects after a certain years/age being successful in business.
Who is making the money in FX? - simple answer is those that use money as their stock, like all growing businesses their stock value increases - banks.
I buy and sell in both Eur and Gbp - many years ago a number of local business people were summoned by a major bank to a meeting, exchange rates had hit a particular low and were affecting some guys (was before Euro).
We all went eager to receive some sort of enlightenment on how to deal with the currency problem - somehow this big bank was going to solve our headache.
Bottom line from the bank was ‘why did you not future proof your currency needs?’
That was the enlightenment - think entirely on the right side, use the past, use the present only to focus on what is likely to happen - use TA or FA or whatever but drop the BMW syndrome and focus up ahead - these are the guys who are not losing the money.
Edit: I don’t own a BMW, here is a tiny insight:
It’s true, scammers are available here & there with their meaningless so called trading strategy! By the way, You are always welcome mate.
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The only game in life that the opponent doesn’t get harder the higher the stakes !!
I don’t understand this sentence. Can you say it a different way?
Anyway, I’m making money after losing a lot more at the start. I should break even next year and be overall profitable the year after that, but as Solon said, ‘count no man happy til he is dead.’
Hi
What i mean is , in business to earn more money, there has to be more work done.If for instance, you run a shop, to earn more money you need a bigger shop, more staff, you need to put a bundle of more money in , the risks get bigger as you are taking on more problems. To grow any business, you need to put more money into , and the risks of supply chains, staff messing up your firm, sudden loss of clients, dam , the list is huge , its why business owners have a level they get to , and can’t get there heads around going on more.
But with trading, if you can get seven out of ten right all the time, then just upping the stakes earns more money.Y ou aren’t working harder, losing control of your investment or giving up control ( more staff )
Its the perfect business .When a mechanic fixs a car , he can only fix one at a time, and charge one fee .In trading, you can just up the stake.Its the perfect business , when cracked !!!
I only agree with half of that idea. Trading is not the ideal business because all earned income is risk income. The ideal business is something like Amazon where all the investment risk was paid off years ago and now profit can only pyramid.
However it is true that the key to success in trading is working less. I hope to place fewer and fewer trades every year until eventually I’m position trading only a few times per decade, if that.
Oh, and it’s a very dangerous idea that the risk of a trade doesn’t increase with higher stakes. The more money you place with your counterparty the more motivated they are to ensure you don’t win.
Following the market trend is the best practice; most powerful trading strategy! Till now, this is my 1st priority.
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Strongly agree, trend is your friend.
Exactly, it is! This is why, I always avoid the confusing market when I am not sure about the status of market trend.
That’s the secret. Make the same mistake the least amount of times a possible. Anyone can open a trade. The point is when the balance of probabilities is not on your side, or you’re not sure. Don’t trade. A better one always comes along
I am &
everyone I know is making money. Here is one for ya small live account 39 days old no stop losses 
and myfxbook hasnt updated in a couple days: https://www.myfxbook.com/members/rrram2/s-v/2676350
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Yes, that’s the strategy that I have been following from than 2 years! I don’t force myself to open a new trade when the chart is not clear at all.
Thanks! I did that! and it said it has updated but for some reason it didnt update MY DD that is what it is and stuck at what it is at the close friday! but still not on myfxbook even after the update!
Just click on the connect button a few more times. It will work. Check after 30mins it will be updated.
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