The Aim of Trading for a Living

[The Aim of Trading for a Living]

You can make off living trading forex meeting 3 conditions:

1. Decent capital

2. Moderate Skill

3. Fair broker (Hotforex for example, which I trade with)

That's it.

[I Studied Trading for 10 Minutes then Jumped in]

I also studied it about 20 min then just logged in My Hotforex demo and started to place orders randomly. Even in those time I managed to make some profit.

[Why Buy Trading Education?]

I don't recommend to spend any money to anything indirectly related to forex. It is waste of money and in most cases is scam.

[What is Leverage?]

Leverage is amount of money added proportionally to your deposit (50, 100, 500) when you open an order. While your order is active you can't lost more than your trading margin. When you close your order leverage money return to liquidity provider. For example I trade 1:500 leverage with Hotforex, which means that for one full trade lot (100K $) I need only 200$ free margin.

[Realistic Goals....]

Reasonable, not ambitious goal for average trader is 10% month profit. It takes into account such important feature as consistency of earnings.

[Trading is for CHUMPS]

lol jk.

 

I'm a 20 years old college student interested in trading emini future indexes or forex and I've been devoting a few hours a day for about 4 weeks now to studying everything i can about trading. I've been using chartgame.com to practice using indicators.

 

What i've noticed, when i use the MACD indicator in chartgame, it only seems to work about 35% of the time. Most of the time when i play, it just feels as if i'm gambling. This has caused me to become very discouraged but not completely!

 

Some questions:

 

1) what indicators seem to work best (consistently) for you?

 

2) how long did it take for you to develop a good "flow" when trading within your platform?

 

3) where are some good reading material on this website that i can use to learn?

 

4) would a $3000 account be sufficient for trading emini futures or forex for when i eventually go live?

 

i'll have more questions when i think of more

 

 

Firstly I would advice you to practice trading in training (demo account). There you'll be able to find what indicator best fits your trading style and apply material your read to the trading. I use Hotforex demo simple but working stuff that simulates live trading. Don't hurry to go live, it can leave bad or frustrating experience for you so you can even withdraw with any speculating activity.

[Part Time Evening Strategies Concentration]

Do you really think that it is enough to trade in the evening only to stay in profit and moreover work out profitable strategy? It doesn't make a sense you make equal forex to evening relaxational hobby.. but it is impossible..

[How to enjoy forex trading?]

Just imagine that you are involved in a most profitable market in the world, you are businessman, independent person who work worldwide. Just realize it and you will be excited of the status you have - trader.

[Consistently Losing]

If anyone is consistently losing even after trying everything, he/she should leave the trading space, he was not made for it.

 

I would question that statement, as there is no people who is incompatible with trading. Another important point is acquiring knowledge for that: somebody ju st leavy this rough going and give up with trading. Lacking persistency is the biggest issue in that.

[Yet Another Forex Newbie]

Hi there.

 

It is the third forex forum where I've registrated and this one seems to be the best of them. I have a good notion about forex but I feel it insufficient to make successful trading. So i would like to get more on this forum and share some interesting ideas on how to elaborate working forex strategies.

 

Thanks