Can Your Live Off Forex? - Page 2 - Online Money Making Forum sponsored by PTVPartner.com

lancehibner · 06-16-2009, 09:41 AM

Forex is a high risk investment. The idea is that you use spare risk capital and withdraw profits regularly. If somebody tells you that forex is a way of making a living.To make a living you should have enough capital to survive at least 1-2 years without any trading. I think spending more than an hour deliberating over trading decisions is over-trading and can lead you to mistakes.

Pallavi · 06-16-2009, 12:15 PM

you are right my friend, Leverage of course can work for or against you.

If however you can keep losses small and run profits then you can build wealth quickly

A PROVEN Forex trading system with good money management, combined with leverage, is the secret of making long term capital gains.

Promoneyearn · 06-17-2009, 12:55 AM

Quote:

Originally Posted by Pallavi

you are right my friend, Leverage of course can work for or against you.

If however you can keep losses small and run profits then you can build wealth quickly

A PROVEN Forex trading system with good money management, combined with leverage, is the secret of making long term capital gains.

Exactly, consistent, steady profits are also much more important than large, quick gains.

Pallavi · 06-22-2009, 10:46 AM

Thats right pro.....

I am sure none of the traders aim one time gain large gain....

Promoneyearn · 06-25-2009, 08:17 PM

Quote:

Originally Posted by Pallavi

Thats right pro.....

I am sure none of the traders aim one time gain large gain....

Youre right I hope they dont!

Sofia101 · 06-26-2009, 09:14 AM

If you are like me and like hearing the cash register ring often then use day trading strategies. If you don’t mind waiting for profits to accumulate over time then consider using swing trading strategies. This is very important. Trade with what best suits your character. Be true with yourself and recognize what are your needs. My need is the gratification that frequent profits provide, no matter how small. It keeps me going.

Pallavi · 06-29-2009, 09:37 AM

Sofia i see that you have given some great contribution to the forum, keep posting. I would say a good observation. Trading is definitely a character reflector and one should work according to their personality.

Keep posting!

Sofia101 · 07-03-2009, 10:06 AM

Thanks alot for appraisal. Its just the beginning :) lol..... I am working hard. as i am a student and is just learning forex trading and strategies.

maree43 · 07-04-2009, 01:36 AM

Can you make a living forex trading?

Well, I have just semi retired at the age of 44 primarily due to my two forex expert advisors. I now work 2 days a week and will be fully retiring soon due to another strategy I am about to start.

Each to their own of course - I guess some people love to analyse and research, watch charts and indicators and stay up all night.

If you are that type of person then I suggest you start with babypips who will educate you about manual trading.

Best of luck to all.

Maree

jeffsmith · 07-04-2009, 07:35 AM

Quote:

Originally Posted by Promoneyearn

I'm an affiliate for debt consolidation & credit check sites, as well as for Forex related services but I would say 60% of my total income comes from helping people get out of debt.

Great Promoneyearn you have a good job to do, helping people get out of debt.
I am a forex trader, though I have other businesses but my second highest income is through Forex trading.