zupcon
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Its a bit of a pointless question without knowing a whole lot of other information that people probably wont divulge such as account size and risk taken etc
Loads of threads already devoted to this question previously
KillPhil08
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I make a million a week. It's a pretty good living, all you have to do is raise 500k, then use a spread betting agency and take 20 points on the ftse. Start with £2 then take those 20 points, if you go offside by 20 points double your stake. Repeat. IT REALLY WORKS!
KillPhil08
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Lol, sorry.
N Rothschild
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KillPhil08
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Yes. But not everyone.
If you can make money consistently, then depending on your market's liquidity/depth, making four times as much is just a matter of building up your size. The relationship between your ability and the money you take out is not a straight line at all. The thing is, that even the most successful and consistent traders cannot put a number on how much they make per week or month because trading doesn't work like that. You might make 5k one day, lose 2k the next, make 2k the next, then 3 etc etc. A good trader could tell you he made x amount last week, month or year but you won't ever get a steady income from trading.
Traders Mistakes.
First this game is all about knowledge and discipline.
Then its about what you know and when to employ that knollage to the market.
Most traders work most days and become memorised with the action, as a result everthing becomes a blurr.
It is best to keep an open scheaduall for trading and go to work when the traffic lights become green.
What this amounts to is putting 100% of our energy in to our work may be once or twice a week. Trust me when i say the rewards are tremendouse.
After been in this business for many years I do not make a regular weekly income from the markets, but I do make a diecent yearly income that surpasses most peoples yearly salary.See where Im comming from ? chouse your market and go for it.
My knollage and expieance has been gained by many hours studying and even longer working for little no money.
Indeed there is room for every one in this market, only the very fitest survive,the weak get slautered, with the inexpieranced getting eaten up as soon as they show there face.
DO NOT GET IN TO THIS GAME WITH OUT SIEROUSE THOUGHT.
Then after that once you have taken the plunge you will blow your accoount many times. It is when you keep comming back time after time you will become better and even then the odds are stacked against you if your a intra-day trader.
I could spell out what I do and how I do it, but why should I ?
After all my educaton cost me years of little to no income, it was through persiverance and many scars I have becme profitable.
But have I become profitable ?
Years of no income, pluss years of blowing money into the markets ?
What if i carried on in my JOB, and continued to build my savings account up ? WHAT POSTION WHOULD I BE IN TODAY ?
Thinking about it, its been only realy the past 3 years I have won back the original losses and acuireing some solid wealth.
So was it all worth it ?
Well I nearly lossed my marrage, put my kids through uncirtain times and blowen many tens of thousands in savings.
Now I have that money back, still have a marrage ( but it could of gone the other way ) and have a good quality of life, as for our standard of living that is moderate, we have two new cars, nice house with nice holidays ect.
But one inportant thing, I will never have to work for anyone else again, and as long as I keep my risk in proportion to my capital i will allways have money way in to old age. My children will become traders as they like this business, with my backing they should become sucsessfull.
To recap.
If you want some thing that much it is achieveable, if the cost of this acivement is worth the risk go for it, if not stay away.
Good Luck to all newbies and veteran traders.
TomTom
First this game is all about knowledge and discipline.
Then its about what you know and when to employ that knollage to the market.
Most traders work most days and become memorised with the action, as a result everthing becomes a blurr.
It is best to keep an open scheaduall for trading and go to work when the traffic lights become green.
What this amounts to is putting 100% of our energy in to our work may be once or twice a week. Trust me when i say the rewards are tremendouse.
After been in this business for many years I do not make a regular weekly income from the markets, but I do make a diecent yearly income that surpasses most peoples yearly salary.See where Im comming from ? chouse your market and go for it.
My knollage and expieance has been gained by many hours studying and even longer working for little no money.
Indeed there is room for every one in this market, only the very fitest survive,the weak get slautered, with the inexpieranced getting eaten up as soon as they show there face.
DO NOT GET IN TO THIS GAME WITH OUT SIEROUSE THOUGHT.
Then after that once you have taken the plunge you will blow your accoount many times. It is when you keep comming back time after time you will become better and even then the odds are stacked against you if your a intra-day trader.
I could spell out what I do and how I do it, but why should I ?
After all my educaton cost me years of little to no income, it was through persiverance and many scars I have becme profitable.
But have I become profitable ?
Years of no income, pluss years of blowing money into the markets ?
What if i carried on in my JOB, and continued to build my savings account up ? WHAT POSTION WHOULD I BE IN TODAY ?
Thinking about it, its been only realy the past 3 years I have won back the original losses and acuireing some solid wealth.
So was it all worth it ?
Well I nearly lossed my marrage, put my kids through uncirtain times and blowen many tens of thousands in savings.
Now I have that money back, still have a marrage ( but it could of gone the other way ) and have a good quality of life, as for our standard of living that is moderate, we have two new cars, nice house with nice holidays ect.
But one inportant thing, I will never have to work for anyone else again, and as long as I keep my risk in proportion to my capital i will allways have money way in to old age. My children will become traders as they like this business, with my backing they should become sucsessfull.
To recap.
If you want some thing that much it is achieveable, if the cost of this acivement is worth the risk go for it, if not stay away.
Good Luck to all newbies and veteran traders.
TomTom
