myregister Posted January 17, 2015 Share Posted January 17, 2015 To me i agree with you to certain extent, what we need is patience and also dedication to earn and make living with forex, even with $50 you could be successful but trust me it will took years to get bigger income with starting point like that. Risk management and profit proven strategy is what you need to make a living aside from dedication and patience. Quote Link to comment Share on other sites More sharing options...
gaban Posted January 19, 2015 Share Posted January 19, 2015 patience is important in this forex. to have patience then we will be able to trade with ease. Forex trading requires not only good skills but forex also requires patience to succeed. a successful trader is a trader who is able to be patient Quote Link to comment Share on other sites More sharing options...
myregister Posted January 21, 2015 Share Posted January 21, 2015 We don't talk about patience here dude even actually patience is one of the important aspect for traders to sustain their trading, but what you need for making living here is abudance equity, good risk management, and proven skills also strategy. Quote Link to comment Share on other sites More sharing options...
Bee Posted January 21, 2015 Share Posted January 21, 2015 I think you can apply reverse calculation to achieve this goal. For a start, you make an estimation about how much money you'll need to live a decent living for a month, say, $1,000 for example. Thus, this will be your target, to gain profit of $1,000 a month. Now, if we convert this $1,000 into pip, you got the following:  for 1 standard lot, at $10 per pip value, $1,000 is equal with 100 pips for 1 mini lot (or 0.1 standard lot), at $1 per pip value, it is equal with 1,000 pips. for 1 micro lot (or 0.01 standard lot), at $0.1 per pip value, it is 10,000 pips.  The next thing is to divide the total pips to get a weekly target, which is  25 pips for 1 standard lot 250 pips for 1 mini lot 2,500 pips for 1 micro lot  Why weekly? Because it is impossible for a newbie to make profit daily. Thus, by setting your target weekly, you have 5 days chance to achieve it.  Out of the three, of course the 25 pips weekly held the most possibility to achieve, and 2,500 pips is the hardest one. But you need to be able to trade 1 full lot to set a 25 pips weekly target. Thus we need to see how much equity we can afford initially.  If you can set aside $1,000 for a start, then all you need to do is adjusting your leverage. After all, using:  100:1 leverage, for 1 standard lot you need around $1,500 for margin, while 500:1 leverage for the same lot size you'll need only around $300 for margin.  Thus, if you have $1,000 for initial deposit, using 500:1 leverage will leave you with a 25 pips weekly target. But what if you don't have $1,000? Then you have two option:  1. Try to get some more money, or 2. Start with whatever you have, but change your goal from $1,000 monthly profit to "growing your equity until it becomes $1,000" (in other words, you don't withdraw your profit before then). Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted January 21, 2015 Share Posted January 21, 2015 As a trader, we should try to more improve trading skills. Make forex for living is not easy but it will be able to be got by traders if we want to effort. A successful trader also takes time to get success and even they also ever make mistake here. Try to make evaluation so we will get more know about forex."Invite your friend, get $10 and win $5,000" Quote Link to comment Share on other sites More sharing options...
gaban Posted January 23, 2015 Share Posted January 23, 2015 As a trader, we should try to more improve trading skills. Make forex for living is not easy but it will be able to be got by traders if we want to effort. A successful trader also takes time to get success and even they also ever make mistake here. Try to make evaluation so we will get more know about forex. Â Â "Invite your friend, get $10 and win $5,000" Â yes, to be successful in this business we do need to continue to improve the ability of good trading. with increased capabilities then we will be able to trade with the maximum. successful trader is a trader who is able to enhance the ability of trading well and continue to work hard Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted January 28, 2015 Share Posted January 28, 2015 yes, to be successful in this business we do need to continue to improve the ability of good trading. with increased capabilities then we will be able to trade with the maximum. successful trader is a trader who is able to enhance the ability of trading well and continue to work hard  To be a successful trader, we need to improve trading skills. And we also must try to use demo account if we need it to test our strategy or EA. And our trading experience will also helps us to more understand about forex then we will be better trader here  "Invite your friend, get $10 and win $5,000" Quote Link to comment Share on other sites More sharing options...
myregister Posted February 6, 2015 Share Posted February 6, 2015 To be a successful trader, we need to improve trading skills. And we also must try to use demo account if we need it to test our strategy or EA. And our trading experience will also helps us to more understand about forex then we will be better trader here  "Invite your friend, get $10 and win $5,000" First you want to make a living, then you must earning something which is stable enough to support your daily life. So that is what you are going to do. Make sure you stabilized your earning in forex, so for example you earn dynamically just like $1000-$3000, with some strategy you can make it stable to $2500-$3000. What i mean here is narrowing the gap of earnings that you get, because forex is a business then there will still be fluctuations in earnings. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 9, 2015 Share Posted February 9, 2015 make a living with forex is not easy as we think because forex is high risk. the risk that then if we want to live with forex then we need to have the skills, knowledge and a lot of experience. So we will be able to trade with the maximum Quote Link to comment Share on other sites More sharing options...
rizwanramzan Posted February 9, 2015 Share Posted February 9, 2015 Forex trading can be used as a regular source of income. However only a trained trader can earn profit from forex. Because forex trading is not easy. The trader has to face many problems, that must be solved in order to move forward. The trader must work with patience and improve his/her strategy. In this way he/she can earn handsome income from forex. Quote Link to comment Share on other sites More sharing options...
myregister Posted February 13, 2015 Share Posted February 13, 2015 Not an easy thing but should be possible with hard work and the right strategy. Also i think that regular source of income is right thing to do many traders can live with better standard of living thanks to forex, i am getting my monthly income aside from other business also thanks to forex. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 16, 2015 Share Posted February 16, 2015 To make living for forex there is process will us through. we must to be patient and dicipline. utilize of our time to learn and practice trading well. because forex have high risk. So dangerous if we not have knowledge, skill, experince and psychology trading well to make living for forex Quote Link to comment Share on other sites More sharing options...
myregister Posted February 18, 2015 Share Posted February 18, 2015 You told everything, patience is important in our process to be a good trader and make a living, also make sure to have risk management since you want to make forex as your main income stream for living so be prepared for the worst and always trying to create profit. Quote Link to comment Share on other sites More sharing options...
gaban Posted February 19, 2015 Share Posted February 19, 2015 to make a living with forex we need discipline and patience in trading. Forex risk is very high so it is not easy to make a living with forex trading without the patience and discipline. Trading with using small capital can afford us to exercise patience and discipline trading Quote Link to comment Share on other sites More sharing options...
myregister Posted February 21, 2015 Share Posted February 21, 2015 If you look at your previous posts i think you want to say the same things, it is all from us what we need is something like discipline, knowledge, experience or skills which basically could be nurished by our own with a strong willingness to be a good trader. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 4, 2015 Share Posted June 4, 2015 Money and money, that is what we are after isn't it?, people make a living in forex because forex has its own potential, and how to make a living is basically simple, what you need is enough capital and proven worthed strategy that you already familiar with. After that you will love it for sure. Quote Link to comment Share on other sites More sharing options...
Decub Posted June 5, 2015 Share Posted June 5, 2015 Money and money, that is what we are after isn't it?, people make a living in forex because forex has its own potential, and how to make a living is basically simple, what you need is enough capital and proven worthed strategy that you already familiar with. After that you will love it for sure.Of course, Forex is a business on its own capable of making you what you want to make from it. It is a place where anyone who desires to be successful will get that success from and also make the best off it and that is the main reason a trader needs to understand what Forex offers in the first place and also know how best to make money from it. Quote Link to comment Share on other sites More sharing options...
gaban Posted June 8, 2015 Share Posted June 8, 2015 Of course, Forex is a business on its own capable of making you what you want to make from it. It is a place where anyone who desires to be successful will get that success from and also make the best off it and that is the main reason a trader needs to understand what Forex offers in the first place and also know how best to make money from it.  yes, forex is a business that can make us be trading well to be able to earn money in forex, therefore we need to be able to have the skills and the psychology of trading is good for us to manage capital well so that will make us able to earn money in forex with a maximum and we need to patient if we want to living for forex  Quote Link to comment Share on other sites More sharing options...
gaban Posted June 8, 2015 Share Posted June 8, 2015 Of course, Forex is a business on its own capable of making you what you want to make from it. It is a place where anyone who desires to be successful will get that success from and also make the best off it and that is the main reason a trader needs to understand what Forex offers in the first place and also know how best to make money from it.  yes, forex is a business that can make us be trading well to be able to earn money in forex, therefore we need to be able to have the skills and the psychology of trading is good for us to manage capital well so that will make us able to earn money in forex with a maximum and we need to patient if we want to living for forex  Quote Link to comment Share on other sites More sharing options...
pepy Posted June 10, 2015 Share Posted June 10, 2015 LOL i do know about that but i think the short answer is by making profit isn't it? everyone who has been trying forex and has vast experience should know this. It is not easy to make a living with forex but when you can stabilized your earning then that will be worthed. Quote Link to comment Share on other sites More sharing options...
gaban Posted June 23, 2015 Share Posted June 23, 2015 to make a living with forex is not easy because forex is a business that has a lot of risk, the risk that we need to have the skills and good trading psychology we can trade with a maximum and comfortable that will allow us to get the maximum trading Quote Link to comment Share on other sites More sharing options...
myregister Posted June 23, 2015 Share Posted June 23, 2015 to make a living with forex is not easy because forex is a business that has a lot of risk, the risk that we need to have the skills and good trading psychology we can trade with a maximum and comfortable that will allow us to get the maximum trading Who said it is an easy business here, we are aware the fact that living in forex is tough especially during our developing time, with that we must trying to comppound our own profit and make sure to get bigger capital in our hand before we trade with it. Controlling emotion, manage the risk, make profit are the way to make a living with foreign exchange. Quote Link to comment Share on other sites More sharing options...
gaban Posted June 26, 2015 Share Posted June 26, 2015 forex is not an easy business, therefore we need to have a good preparation in this business. we can use a demo account and a demo contest to prepare well. The forex to be living with forex then we not only requires skill alone, but we need a good emotional control Quote Link to comment Share on other sites More sharing options...
uncle gober Posted June 26, 2015 Share Posted June 26, 2015 forex is not an easy business, therefore we need to have a good preparation in this business. we can use a demo account and a demo contest to prepare well. The forex to be living with forex then we not only requires skill alone, but we need a good emotional control  Proper knowledge of forex market, Practice much on demo, hard work and patience, Control on emotions and risk management all these are the basic things that you have to keep in mind to go through the way of success. Quote Link to comment Share on other sites More sharing options...
Upul Tharanga Posted June 29, 2015 Share Posted June 29, 2015 In my view before we attempt to make proper living from Forex, it’s crucial that we learn the art of trading and only then we will be able to do it. My way is with Nova FX broker, it’s guiding me brilliantly with the fabulous education guide who is available on their web site, it can be used by anyone for completely free and it’s explained so well that it’s easy to understand and once we complete this then we can definitely start making proper income! Quote Link to comment Share on other sites More sharing options...
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