FXTrend240
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After just over a year of learning trading (just demo, o dear) i've started thinking 'could i actually do this full time'. By that i mean could i don't mean could i make money or not, but whether or not one could actually cope with feeding a family of patterns in price/markets/pschology. The reality is , you've heard this a gazillion times, but most people do actually fail eventually. Do you want that high probability working against you and your family? Could you cope with drawdown when you have a mortgage to pay off?
This is where you have to ask yourself 'why do i trade, why do i want to trade?' mostly it's due to the freedom i suppose and the potential gains to be made. But i've come to appreciate the stability of other professions, other jobs with a base salary, i used to turn down 100,000 a year because i thought trading could make 10X that, but now i think that most would do better to just give up, stop wasting time, stop isolating yourself from the rest of the world, stop sitting in a dark room staring at charts or what not,unless of course you have an edge.
A lot of trader find it fun, it must be great to be happy like that, but then again, the soul-draining work and time invested into trading (or maybe you got good really quick?) worth the £££?
Of course, i think that it's surely worth a go, get stuck in, don't read stupid threads like these telling you what to do. Get stuck in, make or lose money. If you lose money:stick with it and you could become happily profitable - you took a risk and it payed off, good man, or , pack up and do something else.
Also, what i would recommend is to not ingore eveyrthing and just trade 'setups' without understanding anything, ingoring news, fundamentals, because that attitude is just plain lazy and (imo) won't get you far. I think everyone should do it all themselves, fair enough a little support here or there to nudge you is fine, but if you learn from someone else, like completely, that means you just got lucky , and found a way to make money with no experience-what happens whenever those setups no longer work? You're screwed, because you have no experience, so you can't try make new setups, your friend is probably annoyed, but he at least has experience and can probably fight through it.
whatever
This is where you have to ask yourself 'why do i trade, why do i want to trade?' mostly it's due to the freedom i suppose and the potential gains to be made. But i've come to appreciate the stability of other professions, other jobs with a base salary, i used to turn down 100,000 a year because i thought trading could make 10X that, but now i think that most would do better to just give up, stop wasting time, stop isolating yourself from the rest of the world, stop sitting in a dark room staring at charts or what not,unless of course you have an edge.
A lot of trader find it fun, it must be great to be happy like that, but then again, the soul-draining work and time invested into trading (or maybe you got good really quick?) worth the £££?
Of course, i think that it's surely worth a go, get stuck in, don't read stupid threads like these telling you what to do. Get stuck in, make or lose money. If you lose money:stick with it and you could become happily profitable - you took a risk and it payed off, good man, or , pack up and do something else.
Also, what i would recommend is to not ingore eveyrthing and just trade 'setups' without understanding anything, ingoring news, fundamentals, because that attitude is just plain lazy and (imo) won't get you far. I think everyone should do it all themselves, fair enough a little support here or there to nudge you is fine, but if you learn from someone else, like completely, that means you just got lucky , and found a way to make money with no experience-what happens whenever those setups no longer work? You're screwed, because you have no experience, so you can't try make new setups, your friend is probably annoyed, but he at least has experience and can probably fight through it.
whatever
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