My first post

[GG33]

Hi all...

It would seem realistically acheivable to acheive (say) 20 pips per day on a consistant level using many of the systems available in this forum. Using he popular risk management techniques and limiting your exposure to 1% of your bank per trade, my assumption is that it would be very possible to actually make a living from winnning between 20 and 30 pips per day, obvioulsy depends on what you difine as 'a living'.

Have I overlooked something? or am I 'essentially' correct in my assumption?

GG

 

[Claudia123]

Have you experience in trading ?

 

[GG33]

Yes, a little....I attended TU last year and started trading equities with mixed success. Initially I did quite well, then got seduced into scalping the footsie. I lost most of my bank when Echelon went bust and have been reluctant to start again since. I have a hunch that I could make a living at it but only have experience of spread betting. I guess I may need to switch to level II. - Why do you ask?

 

[Claudia123]

Because if you had traded a lot you wouldn't be asking the questions you ask. Of course you can make a living on 20 pip a day just depends on your stake, size of your account, and how much you need to live on. You could live on 1 pip a day if the numbers where right.

Worrying thing is you don't seem to know what you want to trade. Indicies, equities, fx whatever.

Go get a demo account somewhere. You need more than a hunch you need to be absolutely sure you can do it.

Welcome to the board think you'll get quite a few replies. Good luck.

 

[GG33]

Thanks...

I started as a complete novice with equities. As I learned a little I decided forex was more dynamic. I will stick with forex, but wanted to hear about people who are making a living doing it. I realise I am still on the bottom slope of the learning curve, but no longer totally green.

GG

 

[Claudia123]

Thanks...

I started as a complete novice with equities. As I learned a little I decided forex was more dynamic. I will stick with forex, but wanted to hear about people who are making a living doing it. I realise I am still on the bottom slope of the learning curve, but no longer totally green.

GG

I make a living trading forex come have a look at GPB/USD analysis thread - few good traders and we have a laugh. Also happy to share sytems.

 

[GG33]

I make a living trading forex come have a look at GPB/USD analysis thread - few good traders and we have a laugh. Also happy to share sytems.

Many thanks - I'll take a look.

GG

 

[aamattsmith]

Greetings

Hello fellow traders,

My name is Matt and I wanted to introduce myself to this forum’s community. I have been a professional trader for about 5 years focusing mostly on equity options and futures contracts with a little forex trading to make things interesting. I joined this forum in order to meet other traders and discuss forex market movements, trends, and developments. I have found that such discussions usually help everyone involved and can help us all make more profit. In the next few days I’ll start posting some of my thoughts regarding market movements so please feel free to share.

 

[JHayzament]

Welcome to the forum aamattsmith, I am a new trader and this forum has been very helpful so far in terms of getting started