Make a living trading FOREX?

Discussion in 'Forex Trading' started by mjl, Mar 16, 2009.

  1. mjl

    mjl

    Does anyone know a trader making a living trading FOREX?

    Can it be done trading at home?
     
  2. 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 :)
     
  3. mjl

    mjl

    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.
     
  4. Nobody on ET makes a living with Forex. I would say 99% of the posters on this board are unemployed losers.










    forex-forex
     
  5. JDL

    JDL

    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.
     
  6. thedewar

    thedewar

    buy low sell high
     
  7. Diego11

    Diego11

    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.
     
  8. Surdo

    Surdo

    It's so easy a CAVEMAN can do it!

    :D
     
  9. 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?
     
  10. Winners buying from/selling to many people.
     
    #10     Mar 20, 2009