Quote:
Originally posted by csaunders
OK - lets hear from the experienced traders. Who here actually does make a living from trading?? I know there are guys who are IB's who manage accounts etc. - but who actually makes money from their own capital and has been doing successfully so for the past few years.
I have been trading close on 2 years now and I'm sure one of the few people that still has there capital (with a healthy growth). I do not make use of any system that is provided by guys sending out signals to poor sods that rely on these to make money. If this is the case you are tied like a baby is to its mother and totally at the sustenance giver's mercy... for me this is not a way to trade for a living. Devise your own system - maybe make use of a "bought" system - but try to understand the decision making behind the signals otherwise you'll never snip the umbilical cord - so to speak.
I'm exceptionally determined to make a success of my trading and eventually a living although I'm getting the impression that trading currencies exclusively could not be enough. For me opportunities to trade do come along in (liquid) currencies - but not every day and to make a living probably require a higher trade rate...
Are there guys out there which simply trade currencies for a living although maybe use mulitple markets e.g. futures and spot?
I'm reading the New Market Wizards at the moment and most inspirational - do yourself a favour - read it...
Good Luck
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What is your strategy/system?