horizontal dynamo top1

All banners are advertisements only. FIB does not endorse or vouch for any advertisers.

horizontal navi rotating-eisntein


Page 1 of 4 123 ... LastLast
Results 1 to 10 of 32

Thread: How to Make a Living As a Forex Trader

  1. #1
    johnsmith00710
    Guest

    How to Make a Living As a Forex Trader

    box - einstein 250x250
    There are now millions of people around the world who make a successful living as a full time forex trader. Do you want to join them? Suppose, you have a day job but you are interested in your financial freedom and you want to pass your time with your family. You want to get out of the corporate rat race and want your own home business.

    What to do? Learn forex trading. Make your plan. Suppose, you want to make $10,000 per month before you will think of leaving your day job. How to achieve $10,000 per month with forex? Obviously, you are not going to achieve your goal in one day. It might take you a few months. Suppose, you set the target of 9 months. You think in the next 9 months if you work with determination, you should be able to start making $10,000 per month.

    In the first month, devote four hours in the evening after your job to educate yourself about forex trading. Most of the information is freely available. What is the best forex trading tool? Education! Yes, first educate yourself. In this first month, you should be able to choose your trading method that will give you $10,000 per month.

    Now, I give you a simple forex method that you can use to achieve your target of $10,000 per month. Now a days, many pro traders sell their forex signals. They give you the exact entry, exit and stop loss targets of their own trades within seconds of them making a live trade. You should join one such service that makes around 50 pips daily.

    Open a demo account. Use those forex signals to place your own trades. Practice for two months on your demo account. You should be able to make 50 pips daily. Make 50 pips daily for one month on your demo account. Once, you have done that for one month consistently. You are ready for your real test.

    Open a micro or mini account and trade those signals on that account. One pip on a micro account is equal to $1 whereas it is equal to $10 on the standard account. If you lose 50 pips, you lose only $50 on the micro account but a 50 pips loss on the standard account entail losing $500. So, the micro or mini account is the best way to practice live trading in the beginning.

    Once, you make 50 pips daily on the micro or mini account for one month, you are ready now for the standard account. Fund the standard account with $2K and trade those forex signals with one standard lot. 50 pips daily means $500 or roughly $10,000 per month. Do it for the next three months and then leave your day job. Good Luck!

  2. Under 1st Post -dynamo
  3. #2
    zackalex
    Guest

    Forex trading is a good option to earn profit. Itís a online business however itís a transparent business which keeps you in a reliable environment. Itís a 24/5 working business you can trade any time. You will find lot of commodities, pairs... you can start your trading with small investment. Forex trading is easy and a most popular way to earn profit.

  4. #3
    forexpro
    Guest

    Very informative and innovative idea. Even I think once you are choosing the right option for your investment you will never go in lose.

  5. #4
    RomanM
    Guest

    Micro Lots with 0.01 Lots = 0.01 USD (IBFX) is maybe for beginner interesting.

  6. #5
    Newbie

    rrayne20009's Avatar
    Join Date
    Nov 2013
    Reputation
    Array
    Posts
    32
    Quote Originally Posted by zackalex View Post
    Forex trading is a good option to earn profit. It’s a online business however it’s a transparent business which keeps you in a reliable environment. It’s a 24/5 working business you can trade any time. You will find lot of commodities, pairs... you can start your trading with small investment. Forex trading is easy and a most popular way to earn profit.
    maybe it is easy if you already learned and master it.Learning and mastering forex is a not an easy job imho.You need to dedicate a time for it to learn.But I agree with you that forex trading is legit way to earn profit.

  7. #6
    Elite Member


    Join Date
    Apr 2013
    Location
    http://www.tickmill.com/
    Reputation
    Array
    Posts
    734
    Quote Originally Posted by rrayne20009 View Post
    maybe it is easy if you already learned and master it.Learning and mastering forex is a not an easy job imho.You need to dedicate a time for it to learn.But I agree with you that forex trading is legit way to earn profit.
    yes, In order to become better, we must continue to learn, continue to develop the science and practice. We can learn from any source, as long as we continue to expand both knowledge and practice though trading utilizing demo accounts, then the time will show us the results. The success of a trader is not achieved in the blink of an eye, but through the process and no small sacrifice.

  8. #7
    Newbie


    Join Date
    Feb 2013
    Reputation
    Array
    Posts
    18
    Please do not over simplify. Trading forex is a difficult task. It looks simple but it is not easy. Making 10.000 a month requires capital. The biggest funds around the world if they make a 10% per year they are more than happy so making 2-3% a month is an excellent number (IMHO). Please do not underestimate fund managers. They pay them hundreds of thousands per year for those results. They are not stupid and they have the best education and best trading equipment. The only "problem" they have is the size of their account. They cannot trade billions because they will not find counter traders. For us in order to make 10.000 a month with a 2-3% we need a trading capital of 300.000 - 400.000. And as for the first line of the first statement that there are millions around the world making a good living out of forex, I have my doubts.

  9. #8
    Newbie


    Join Date
    Apr 2014
    Reputation
    Array
    Posts
    1
    @johnsmith00710

    I realy have no words for the irresposability of ALL your affirmations!Even the greenest noobs will laugh and leave this "forum" immediately.
    The nonchalance of your 10 000USD/month and recommendation of paid signal providers is allmost of a criminal nature.
    That millions are trapped in forex illusions is true, but the bitter truth is that they are only feeding the con artists called "brokers" and marketers.
    You say 50 pips daily, every day, 24/5/52,as if it were mount those nuts and bolts,easy task..... are you real?

  10. #9
    Newbie


    Join Date
    May 2014
    Reputation
    Array
    Posts
    11
    am going to open a demo acc

  11. #10
    Newbie


    Join Date
    Dec 2011
    Reputation
    Array
    Posts
    12
    dynamo - First and lasp post every thread AXITrader aff
    I'll open a demo as well

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
footer - open-an-account