Can you really make a living from FX ?

[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 ?

[Hunter]

Silly question, of course ppl are making livings trading FX! Just because you find it hard doesn’t mean everyone else is. I have been trading full time just over 12 years now, and can assure you I wouldn’t if I wasn’t making good money form doing so. It’s up to each individual; do you think you can fly a plan without learning? It took me 3 years to learn to fly and now can enjoy flying the plain I bought with my trading revenue.. It’s not a quick buck you need to know what your doing and

[tstmarkt]

Thank you Hunter for the reply, I was hoping to get a response like yours. I needed to hear that through hard work this will pay off for me.

Question:

Do most of your trades last more then 2-3 days ?

I have found so far that its better to lets trades go for a few days 3-5 to get better profits.

[magoo]

It's easy to live from fx trading if your % return per year is realistic.

Starting with 2'000'000 USD, you can easily manage to earn 100'000 usd/year.
Starting with 500'000usd, it's not easy, but possible.
Starting with 200'000usd, it's very risky, you'll have to be lucky.
Starting with 100'000usd you have to be a genius.
Starting with less is suicide.

[rockinride]

I find this thread humorous! Two people who are making a living trading forex, the first of which implying that the person who started the thread was silly for even asking the question, "Can you really make money trading the forex?". Well the answer is there is really no way to prove anyone is making money trading the retail forex market. The users of this forum will always offer evidence to the contrary, but few will back it up with anything that would amount to proof by definition. Enjoy your reading, hold on to your money. The claims made in this thread are just the beginning of a wonderous adventure into the misinformation, and grand claims of "professional traders".

If you have to start with a few million to make a living at trading the Forex,
you may as well just build some real estate and make some risk free money.

What a joke.

[DAT]

rockinride,

I love reading your post, they are often entertaining and informative I will correct you on one fine point though RE is not a risk free market, there is no such thing.

[tstmarkt]

magoo i disagree if i trade at 10 per pip and average 50 pips a day, thats 100,000 per year.

[tstmarkt]

i am surprised at the of lack of maturity here, i ask a simple question and get childish responses.