Tariq777 Posted January 13, 2012 Posted January 13, 2012 how much money would you like to have in your trading account to quit your job and be a full time forex trader personally i would like to have more than 5000 thousand dollars in my trading account to be a full time trader how much you would like to have 2 Quote
pinoycity Posted January 15, 2012 Posted January 15, 2012 For me, I would like to have $10000 in my account. With this amount, I can quit a job. But then again, if I have this $10000, I think, I will not invest it all in Forex. I would like to spread my investment. Quote
monyitomon Posted January 15, 2012 Posted January 15, 2012 I guess same with pinoycity! 10k dollars.. but do remember that may also gone easily in Forex trading but of course you won't risk such amount if you have enough knowledge in trading. Quote
pinoycity Posted January 16, 2012 Posted January 16, 2012 Yeah, in one sitting, this $10K can get wiped out. But I guess, if you are already wise enough as a forex trader, you will not succumb to the temptation of a higher profit. A cautious trader will still check if things are in order. Quote
riddick09 Posted January 16, 2012 Posted January 16, 2012 Yeah, that will not be good if only we do have that big deposit if we just lose it everyday. So not good to quit in our job. And think first how to get average profit we can have not the deposit we have. Quote
monyitomon Posted January 16, 2012 Posted January 16, 2012 Therefore we should still have an offline Job, if we lose money then it may affect our living. If you will do a trading then you should have a decent savings in your bank so at times that you make loss in trading and no profit, then you can still have money for living. Quote
ermaniso2011 Posted January 21, 2012 Posted January 21, 2012 l think a person can decide to be a full time trader if he already feels that he is ready.and he is gaining good and he has total control on his strategy and emotions.when we will just talk about amount that a trader must have in his account that will give us a problem like what if that trader has poor skills and not professional enough.then that 5000 dolar is gone ,greed mistakes and poor education will finish what ever a trader have. Quote
pinoycity Posted January 22, 2012 Posted January 22, 2012 Therefore we should still have an offline Job, if we lose money then it may affect our living. If you will do a trading then you should have a decent savings in your bank so at times that you make loss in trading and no profit, then you can still have money for living. This is one good idea. When we lose in our trade we do not really feel bad as we still have another source of income. It will not be bcak to square one as we can replenish our accounts faster than if we only have Forex as our only source of income. Quote
monyitomon Posted January 24, 2012 Posted January 24, 2012 Yes, and we should save money if we've made profit in forex so when you lose in a trade then it wouldn't be that hard as you have save some money. Yes, a person can feels that when he can become a full trader. Quote
traderf Posted January 24, 2012 Posted January 24, 2012 As much as i can - there are no limits for me!! Quote
monyitomon Posted January 25, 2012 Posted January 25, 2012 No Limit of what? Capital? then that's great if you have lots of money to fund your trading account.. If you can afford to lose it then it's just like playing just like in Demo account. Quote
riddick09 Posted January 26, 2012 Posted January 26, 2012 I dont think it is great idea to have many funds in trading account as it will be have different results. For sure we need to have money management and not a factor of having many funds to have good trading. We can still have the good profit using enough funds in our trading account. Quote
rexway Posted January 27, 2012 Posted January 27, 2012 I guess same with pinoycity! 10k dollars.. but do remember that may also gone easily in Forex trading but of course you won't risk such amount if you have enough knowledge in trading. yes i agree with you freind,with forex you can lost huge amount of money within a day, but when one has a good fx knowledge your capital is guaranty...thank you Quote
monyitomon Posted January 28, 2012 Posted January 28, 2012 Yes, just make sure that you are ready to trade with a high amount, we can know that in ourselves, when we are already a skilled trader BUT as for me it is okay for me to lose when starting in forex as long as the fund is not from my pocket. Quote
pinoycity Posted January 29, 2012 Posted January 29, 2012 As much as i can - there are no limits for me!! I guess, what he is saying here is profit. And with unlimited profit will come unlimited capital. But this will pose some problems. With all those money in your pocket, the government will come after you with all those tax requirements. Quote
monyitomon Posted February 2, 2012 Posted February 2, 2012 Well, yes! but just lack of information and the thread title is "how much money you need". Anyway, i'm not aware about tax, seems yes! If that will be the case, it's better not to have lots of funds in your account. Quote
rexway Posted February 3, 2012 Posted February 3, 2012 I will love to have atleast 5000$ in my trading account with this I will be able to quit my job and involve fully in fx trading. Quote
pinoycity Posted February 4, 2012 Posted February 4, 2012 Speaking of taxes, I wonder if all the traders in this forum pay income taxes? For sure, vast majority do not. It will be a difficult situation then, if a trader will win continuously in his/her trades which will therefore fatten his/her account. This will attract attention. Quote
stezz Posted February 12, 2012 Posted February 12, 2012 maybe 500.000 $ on my trading account since i dont have offline job i want to be profesional trader Quote
pinoycity Posted February 13, 2012 Posted February 13, 2012 maybe 500.000 $ on my trading account since i dont have offline job i want to be profesional trader Is that $500 or $500,000. If it is the latter, I think, even if you do not have an offline job, you will still live comfortably. You can deposit that amount in a bank and get the interest. Quote
stezz Posted February 13, 2012 Posted February 13, 2012 Is that $500 or $500,000. If it is the latter, I think, even if you do not have an offline job, you will still live comfortably. You can deposit that amount in a bank and get the interest. i mean i want to make money as much as i can in forex because i dont have offline job i want to be full time trader Quote
nullahfx Posted February 17, 2012 Posted February 17, 2012 i mean i want to make money as much as i can in forex because i dont have offline job i want to be full time trader yes, that's very nice. me also want to make money as much as I can and with increasing balance for my fbs account so I will feel really be a trader.. wish you luck and success to make so much money with trading,, be a great trader,, Quote
pinoycity Posted February 24, 2012 Posted February 24, 2012 i mean i want to make money as much as i can in forex because i dont have offline job i want to be full time trader Well, we all want to have as much money as we could. And forex trading can possibly give this to us. In forex, I think, in just a few years, one can already retire and live comfortably for the rest of his/her life. Quote
stezz Posted February 25, 2012 Posted February 25, 2012 yes, that's very nice. me also want to make money as much as I can and with increasing balance for my fbs account so I will feel really be a trader.. wish you luck and success to make so much money with trading,, be a great trader,, thx mate for supporting Well, we all want to have as much money as we could. And forex trading can possibly give this to us. In forex, I think, in just a few years, one can already retire and live comfortably for the rest of his/her life. maybe i wont retired from forex but i just want to spend more time in offline life since now i;m trading more than 6 hour a day but if i have much money i will reduce my online time Quote
pinoycity Posted February 26, 2012 Posted February 26, 2012 Well, forex trading can be a good part-time job. Imagine being a retiree and playing in the forex market just when you feel like paying in it. This program can give many comforts in life. Quote
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