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[4xis2ez]

Originally Posted by tstmarkt

At this time, I am making close to 50 pips a day on average but I am not close to making a living yet

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[Briancio]

I can understand 50 pips and not making a living. Some people start small. That may be $50 a day.

Starting with $20000 is enought to turn that 50 into a living easily. I just have a hard time putting $20k in a non-insured account unless it's profit from somewhere else. I am a wuss.

Brian
+11% in Nov06

[GFSignals]

Of course you can make a living from FX. There are lots of proficient traders who make profit just from FX. They trade using their own strategies. And there are much more traders who trade using the first ones signals. Many of them make a living just from FX. Though it certainly depends on how much you need for living. LOL.

[marketwavez]

Can you really make a living from trading Forex ?

Originally Posted by GFSignals

Of course you can make a living from FX. There are lots of proficient traders who make profit just from FX. They trade using their own strategies. And there are much more traders who trade using the first ones signals. Many of them make a living just from FX. Though it certainly depends on how much you need for living. LOL.

Yes , There ARE PEOPLE DOING IT !

Here is someone who is ,,,,,,,,, Go Read Here http://tinyurl.com/yy4uyv
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SEE FOR YOURSELF

[fxallien]

With a lot of hard work, you can

[californiajeff]

Originally Posted by Nonpiker

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.

Any advice on how to break into it at the retail level? Are you trading retail?

[californiajeff]

Originally Posted by Trader01

That's a good price -- I paid $70+ (international shipping).

Out of 84 books purchased and read it is the only one I did not give away after reading, examining & eliminating. However, in hindsight I wish I had not given away Reminisciences of a Stock Operator -- will have to buy it again.

I don't go the russkie route; I pay full price for my loot. That leaves the karma floodgates open for serendipitous windfalls.

One book that I am waiting to get my hands on is the upcoming release by Kathy Lien, Head of Research @ FXCM. She writes for Stocks & commodities, Currency Trader Magazine etc.; reading her insightful commentaries here and there thus far has rocket-fueled my striking ability and sharpened my weaponry exponentially.

God, do I love it so!

I've wanted to read "Reminiscences of a Stock Operator". I own a copy of "how to trade in stocks" by Jesse Livermore. It is a very good read.

[q827]

The more capital u start with the easier it is to make $ and survive the drawdowns. And u need a system that works, of course.

[cubriclas]

Originally Posted by tstmarkt

Anyone here make 100K or more a year with FX ?

15K isnt enough? why 100K? For me its enough 15K!

[cubriclas]

I forgot: and start with 25k/30k

[ubertrader]

Yes of course you can make a living with forex trading. I'm trading with Kerford Investments for quite a some time and I'm making good money. Good Luck.

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Stupid Question
Would there be forex traders if nobody made money?????

[Admin]

bumping thread 12345678,,

[hale24]

Originally Posted by tstmarkt

I have been trading FX for about a year and find it hard to make a profit, Can ppl realy make a living from FX ?

Is FX only for Banks and Corporation ?

Anyone here make 100K or more a year with FX ?

hi there!

there is no easy in making money out of trading. to be an effective trader, it all starts on how you evaluate your self in handling this kind of career. here are some tips that i hope would help you .

Learn the Business. Just as with any new career, training is necessary to become an effective Trader. It is not just the kind of trading you can figure out as you go. Trial and error is definitely part of the learning curve, but since errors mean losing money, learning the business is not an option. In every mistake you make, consider it as a learning for you and eventually, you’ll gain from it from your lessons. Keep a journal as you trade, keep a journal or track your strategies in whatever way works for you. Tracking your strategies is the only way to determine what works and why. When you find a strategy that works, work the strategy consistently and watch your account grow its way to offering you a better quality of life

then, enjoy the journey!

[riodan]

Originally Posted by tstmarkt

I have been trading FX for about a year and find it hard to make a profit, Can ppl realy make a living from FX ?

Is FX only for Banks and Corporation ?

Anyone here make 100K or more a year with FX ?

Yes, anyone can make money through forex, its like a business. You may not gain profit at first, because of of wrong strategy, but you can gain from it by learning from your failures. And not only the money that you can gain in entering into forex, you also gain experience and knowledge about it. People also can make a living from it, and fx is not only for banks and corporation.