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The Aim of Trading for a Living

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i guess the best way to achieve that is by setting a goal mainly, generate a good number of profit with in a span or a limit of 1 year, lest say the earning are fixed at a certain number and constant monthly or with in an acceptable range then its good to go. im trading forex, making a decent buck with hotforex but still keep a day job, i still lack a lot of things but i do aim to make forex a way of living

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You can actually trade forex for a living but there are factors you have to put in place to start; 1. Take out time to have ALL the knowledge about forex trading that will help you in your trading; including how to make technical and fundamental analysis. 2. Find a good broker with a good trading platform, good leverage, at least 24/5 customer support, instant trade execution and fast payment of withdrawals like what Oanda, Profiforex or FXCM has

3. Start with a sizeable capital,, but it should be an amount you can afford to loose. 4. What out a trading plan and stick to it and avoid greed at all cost.

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Yes I do trading for a living. I am not retired and I am not in full or part time employment. I do not depend upon the trading income for my day-to-day expenses. First of all I want to keep myself physically and mentally busy. I do not like to gossip. I want to earn at least before tax return of 20-25% on my investment. I do both short-term, intraday and long term trading. Suppose I invest Rs50 lacs, my aim is earn Rs1 Lac a month excluding long term term capital gains. I hope to achieive the samt from Fiscal 2015-16. I started on a small way in Sep 13. This will be my full year.

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2 hours ago, divyanshisharma said:

Trading is often viewed as a high barrier-to-entry field, but this is simply not the case in today's market. Now, anyone with ambition and patience can trade, and do it for a living, even with little to no money.

goddess div, 

“in today's market” ???   Actually, trading has NEVER had a high barrier to entry.  Financially, any moron always could raise some bucks and ‘manage money’  ... no school needed, no license, no nothin’ but a posimistic 'script' .  All significant / "high" barriers are discovered to be found  within ... bound flow, identity, state patterns, reactivity, etc...  Most realize these inner barriers  beforehand and don’t ever even ‘start’ trading.  Some realize it shortly after starting and either do any inner work needed or get out the game.  Some never grasp it and continue searching for objective edges ... never acknowledging that they couldn’t successfully implement an edge even if they had one. 

So re “Now, anyone with ambition and patience can trade, and do it for a living, even with little to no money.” -  I call bullshit.  That sentence should simply read “Anyone can try to trade.”  Successfully trading “for a living... with [the] little to no money [condition]”  is the equivalent of hitting all six numbers of a PowerBall.  Possible  - yes.  Probable - NOT.  Seems to me you’re blowing smoke up our asses in hopes some of it will go up your own ass... 

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