if you can make 20% a month trading forex, why the hell would you want to do something else? oh right, cause you can't make a consistent 20% or else we wouldn't be having this conversation
Whoa easy killer; very defensive reaction. My language comparison was to point out how arbitrary the analogy to trading was. And for the record i can speak french (albeit poorly) but coming from someone that's worked in hotels i've had colleagues that were very fluent in several languages (one actually taught 6 languages) and none of these individuals had any personality traits I would equate to being a trader. I'm from from an expert but i've met over 100 traders in my time so i'm starting to get a feel for the 'types' that generally succeed. 20% monthly, 12%DD - What the hell does that mean? What was your account starting equity and where is it now? How much have you made this year, last year and the year before that? How long have you been trading this style for?
well, because i am a newby and my trading record is short. Live only 3 months. 1 month MBtrading. was only 6% up. with 10%DD. Than 2 months Oanda demo. Now 2 months Oanda Live. Averaged 23% monthly, but obviously need more records. I have been learning and trading Forex since April 21, 2008. Also, I have no money of my own to make any living from Forex and have to trade micro account. Need more trading records. I have not blown a single account yet. Knock the wood. Only demo. No margin calls so far. There is no Forex prop firms here, so I have to look for something as close as possible. Mornings after job and evenings after Title I trade Forex. It is not the best time to trade though.
Sorry I'm confused...you mention that you want to go learn equities after forex since you know how to trade that but only started the latter in april of 2008? But did you start trading equities at swift before april of 08 or after? Have you been trading longer than the current year in 2008? I don't care about monthly % increases, what are you up and down this year trading both forex and equities - dollar amounts. In other words, i had 4k in my account and now have 5k.
yes, i traded swift for 2 weeks. but get real, 2 weeks. i already forgot everything by now. It was in May or June. i did not like the office and they milked us monthly. $500 at the start plus $100 monthly. i lost only $20 in 2 weeks, why should i pay $100 again and again. well, my account is just $49 original. now it is $$72. i opened second accound. traded it 2 days. it is up. from $60 to $64.45
$4000 is ok to make some money. I am plannning to gradually buld my account after I have better money management.
and why is it a joke? i am actually planning sooner or later to trade other people money for the firm. so, it does not matter how much is on my account. actually, it is harder to trade such micro account than a big one. i am trading with 1/10-1/50 leverage. what leverage do you use?