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Nonpiker · 15-11-2005, 22:39

It is possible but only a very very small percentage can actually do it. You must realize that only 5-10% of participants are actually profitable in this market (that might be generous). That being, said those producing returns great enough to live off of is way smaller then that (plus you need a nice chunk for the initial capital). If you can make 30% a year you are doing better then most professional money managers. Realize that you will inevitably get someone to respond here that will claim to make that in a month. Please realize that returns like that are typically not sustainable.

It sounds like you are position trading which is the right way to go about this market (crossing the spread less is good). If you are, there is no need to be in front of your computer all the time. I would look to work for the salary & benefits (especially) and keep on plugging away at it. I would say most should look at this as hobby that hopefully you can make some extra cash off of. Trying to do it for a living on the retail level is like hitting the lottery.

15-11-2005, 22:39	#15
Nonpiker Degenerate Join Date: Feb 2005 Posts: 251 Downloads: 0 Uploads: 0 Rep Power: 4	Re: Can you really make a living from FX ? It is possible but only a very very small percentage can actually do it. You must realize that only 5-10% of participants are actually profitable in this market (that might be generous). That being, said those producing returns great enough to live off of is way smaller then that (plus you need a nice chunk for the initial capital). If you can make 30% a year you are doing better then most professional money managers. Realize that you will inevitably get someone to respond here that will claim to make that in a month. Please realize that returns like that are typically not sustainable. It sounds like you are position trading which is the right way to go about this market (crossing the spread less is good). If you are, there is no need to be in front of your computer all the time. I would look to work for the salary & benefits (especially) and keep on plugging away at it. I would say most should look at this as hobby that hopefully you can make some extra cash off of. Trying to do it for a living on the retail level is like hitting the lottery.