If you are making money trading currency, type yes or no…Expose yourself…
Any reason why? Are you the tax man?
Yessss…
No lol …
Kinda tough being consistent, that’s all…
Let me guess… your using intraday timeframes, support resistance, fibs, need trend confirmation, and use profit targets?
Then yes your right.
So what’s your trading style and what is your strategy???
Maybe a picture or two of a recent trade might be nice.
Blackduck
I will soon enough.
I only trade dailys - and use ‘price action type’ stuff
My favourite are Demark trendlines, pivot highs or fractals.
The reason i dont need excess fluff on a chart is because if the trade is not triggered by the very next bar i always cancel.
This saves alot of crappy trades.
The best trades work straight away.
After that i move trailing stops more rapidly than what others would see ideal.
I know there are some like GTSpeed day trading with stellar results but for even advanced beginners this is making the journey much harder.
It is 50-50, making money but not much, it is little which is really too much small. Risk is the netter with me every time.
Most traders consider trading on two dimensions only. Risk and Reward.
But there is another factor most traders don’t even know about. “Probability.”
What is the probability that I will make money on this trade?? The answer to that is most times 50-50 but in certain circumstances the probability is 60-40.
However 60-40 is as good as it gets. Recognising when you have that 60% chance is the edge you have in trading.
Most times thought when probability is good risk verses reward will be bad.
Cheers
Blackduck
No. Even tho the last 3 years have been the best trading years of my career and I keep getting better every year I still havent made enough money when compared to the losses ive endured the previous decade and I still cant say that I’ve been consistently profitable and I havent made enough profit to consider myself a pro or to say that im successful.
However i’ve improved enough over the last 10 years to say that im still hopefull and I refuse to give up because I can finally see the light at the end of the tunnel so to speak.
The progress ive made overshadows the losses ive taken. And the fact that ive been at it for over a decade doesnt discourage me and im not ashamed to admit it. Thats my truth
I love trading and that will never change. If it takes me another decade to succeed so be it.
I wish all of you the best of luck on your trading journey.
I am making money and I am losing money by trading currencies.
yes full time
Try asking something that might lead to you learning something and becoming profitable. Read the market wizards, turtle traders story: people are consistent.