Trading for a living

Discussion in 'Forex' started by gwac, Jun 23, 2005.

  1. gwac


    I trade fx for an FI, I make 6 figure plus, but I am so fedup of
    the crap and daily grind. I have been doing this for 20 years. I am seriously thinking of quiting and trading my own capital.

    I am looking for some advice on how successful people
    have been and what to expect.

    I have 2 years worth of expenses put away, I have
    little debt and I have about 75k as capital to trade.

    My wife is behind me....

    I am really just looking for any advice or suggestion from anyone,
    before i make this big change.
  2. Take it to Vegas.
  3. If you are consistent go for it you have enough knowledge and experience obviously!
  4. From his questions i make out he isn't, and market will
    make a living out of him :(
  5. gwac


    Nana there is a difference in sitting in a room with other traders,
    having reuters, having ebs, having paid research, playing with
    someone elses money. I make 7 figures plus for these
    guys with little flow, most of the money comes from specing.

    I am asking if anyone has made the transition.

    But thanks for the input, very helpful.

    Nana I got a couple questions for u.

    What is the nickname for $/cad and Gbp/usd that the market
  6. 3rdocagt


    GBP/USD sometimes refered to as Cable....

    USD/CAD.... never heard any nicknames for it...I call it the Canuck

    Hope that helps.
  7. gwac


    Right on cable , the other one is funds.

    This was a test for nana to see if he had any mkt experience.
  8. Lucrum


    I'm probably wrong but I thought I read somewhere that the Canadian Dollar was sometimes referred to as the Loon or Looney because of the national bird.
  9. jond83


    gwac... best of luck to your buddy.
    Stick with the methods you have had success with and maintain
    your discipline. You'll do great.
  10. Do what experience traders do. Write a course and sell it for $3000 .
    #10     Jun 23, 2005