Discussion in 'Forex' started by mjl, Mar 16, 2009.
Does anyone know a trader making a living trading FOREX?
Can it be done trading at home?
You can make a living trading anything from home - even trading comics.
The location doesn't matter, only if you know there is a market and you know what you are doing.
There are loads of posts on ET about trading forex - use the search and you'll get all the information you want and a lot you don't
I will study the FOREX posts.
However, not every game can be beat by an "outsider"... so my question is very real.
As a pro poker and blackjack player, I am curious about FOREX.
Nobody on ET makes a living with Forex. I would say 99% of the posters on this board are unemployed losers.
i agree, only 1% makes it and most of them are the bigger traders, very few small time players make it in this business, kind of like starting a business 90% fail within 2 years.
buy low sell high
You can also relate your'e forex trading to your'e stock trading.
Lets say a Japanesse Company for example and the Yen. You could trade these two together to profit from a currency movement and a stock price movement.
It's so easy a CAVEMAN can do it!
One thing I don't understand is, how can the popularly touted statistic that over 90% of traders lose money in the market be correct?
If there is always a buyer for every seller and visa versa shouldn't that mean that at any given time half the people are holding a winning positions and the other half are losing?
In other words, why isn't the statistic 50% winners and 50% losers?
Winners buying from/selling to many people.
Separate names with a comma.