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Old 28th January 2010, 09:33
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Default People will tell you it isnt possible to make a living from forex

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Hi all,

Hope you are well. Most people that we interact with on a daily basis will tell us that it is not possible to make a success or even a living from trading the forex markets. I was lucky enough to find a course that made me think different and gave me a positve perspective. I truly feel that we can all be a success, please leave reply's if you would like to discuss your own successful forex journeys or have questions on my journey into forex in particular.
Thank you for taking the time to read and I wish you all the best on whatever you decide

Thanks and Regards

Gurps
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Old 11th February 2010, 18:02
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There are many great Forex strategies, however the market can still be a tough one to navigate!
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Old 5th March 2010, 04:26
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well i am not good at forex really but what i am good at is stock analysis ,now the thing is that the fundamentals of investing never changes.
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Old 5th March 2010, 05:58
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Hi Gurpal, it was nice to read your success story, it felt really good to see that there are people having same kind of experience of Forex as i had. I believe that it is possible to make your living out of forex trading. Only thing a trader should not forget while trading is disciplined trading. Emotions and Ego are the two main enemies of a trader while trading, they should be eliminated as early as possible. You can make profits in Forex only when you make trades on a right time and at right position.
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Old 6th March 2010, 10:44
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Yup, I am finding this forum pretty interesting. There are real people and real experience. I had a good start, the only fault i made was to use robots in the initial trades where i was not able to understand its features fully. Now things are all settled and i am a good trader i can say that openly :P
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Old 9th March 2010, 04:55
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Understanding how trading works is key, even when using an automated EA, glad to hear things are going better
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Old 26th April 2010, 06:54
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Wave count seems to work pretty well for me. It's different for every trader I guess. It's about finding something that suits your character, not about looking for a holy grail in trading.
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Old 10th July 2010, 06:41
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Surely there are people making a good living by Forex.

Remember the legendary George Soros?

Literally "robbed" bank of london in 1 or 2 days (if i remember correctly)
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Old 21st July 2010, 00:17
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My solid belief is that the key to successful investing of any type is control of your emotions. Obviously knowledge and successful strategy are important, but what frequently separates the winners from the losers, and the big winners from the small ones - is your ability to control your emotions.

Set your targets to buy and/or sell, and stick with them. More money is lost because of greed and emotion than from most other causes.
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Old 27th July 2010, 13:14
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Control the 2 greatest emotion that affect you

Emotion #1: Fear
Emotion #2: Greed

Investing & trading is a kind of arts & science in mastering these 2 emotions of yours.
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