Thread: Work Vs Trade

I recently quit my day job after working out that 15 pips per day replaces my wages and I can work from home.
This will be my first month relying in my trades just... so my fingers are crossed.

^
I think you should have another most important job, what would happen if you lose 15 pips today and tomorrow? I think we can't promise anything with Currency Market.

A day Occupation is absolutely necessary because a real Occupation separates reality from Dream

Originally Posted by ;

A day job is absolutely necessary because a real Project separates reality from Dream

What a wonderful discussion....

Originally Posted by ;

^ I think you should have another most important occupation, what would happen if you lose 15 pips today and tomorrow? I believe we can't promise anything with forex.

That's true anyway. I got a most important job right now, but also interested in trading because 8 decades ago, never obtained profit... that is too bad.
But should we see we could hold on forex steady and more profit, despite the fact that monthly is only 10%, that would be good, right?

Originally Posted by ;

99.9 percent of the traders on this forum are balancing work and trading. Some have jobs in which they could track the forex trading whenever they work. Those that can't watch the forex only trade a few hours a day in the slightest. With the use of a good EA, their trading is being done for them in their lack of a pc.

I trade full time from your home. The majority of my trading is completed on 4 hour charts which gives me the luxury of freedom to perform other projects at the same time. It is a good feeling to have the flexability to trade and watch a good HBO movie in the...

I'm planning to trade from home beginning in the next 3 - 5 decades. Much more radical, I do not even want to touch MT4, viewing lines, dragging lines here and there, watching economy news, bloomberg, all of the damn things, then decides whether to open order and when to shut. Then feel unhappy because the decision was incorrect....

3 weeks ago I decided to write a software which will run 24/7, decide to open order itself, closes itself, and prevent any bank vaions. That's based on my observation for all these years studying the charts, recording time, and looking at the behavior of these charts.

So, feeling much positive about it...
I still want to test my apps for next 1 - 2 decades, so far projected at least 25 percent per month.

Trading is operate
is not it?

If you're planning to operate and commerce. There's ONLY One way to do it profitably and that SWING TRADING

Fantastic luck on the progr dude! Ambitious goal!

Originally Posted by ;

Good luck on the apps dude! Ambitious goal!

Thanks... (Ambitious goal? I really don't know exactly what to say)

Yes (for its ambitious goal), and occasionally I feel myself overrated. However, what do I do?

I intend to quit (retire) in my primary job as fast as I can, need to perform trading as the replacement, need to perform a headstart before quitting, however I don't have the abilities to do trading. Entire 8 years (or even more I guess) I neglected with all trading egy (you named it, I neglected on that). Technical analysis, news analysis, swing trading, scalping, studying novels, all are good for me at a certain time period, but the majority of the time market moves at unexpected areas, then I endured a lot of reduction. Then I can not exchange the next time coz my principal job is calling me to become attention everytime.

Finally noticed that the primary element in my reduction was my emotion I can not control and absence of knowledge, expertise and time. Even though there are different X-factors such as news, plogy of the market, and all of that could possibly alter the price movement. And I noticed that the price movement and timing pattern is fully-programmable which potentially gives me profit. I pulled it all and I began to program that pattern in past 6 weeks, and analyzing it past 3 months. I admit most of it are reduction however, but one of these gave me profit consistently about 10% each month (25% to 35% maximum should you push it to the limit). Transactions closed.

So this is something what I was searching for.... By taking away the emotion, and also let the apps do their job
We will see the real profit then in the next 1 year...

Originally Posted by ;

, If someone can inform me what the spread is similar to on E-mini gold/copper contract through the begining of asia session that would be great, cant seem to get this info anywhere somehow. .

There is absolutely no spread on futures.
Plenty of quantity on the Emini of course, but not very much about the micro gold. The entire size gold contract includes a fairly higher margin requirement.
While there isn't much quantity on the micro gold (Dec contract gets the most at the present time), it is still tradable. There are a lot of arb bots available on the exchange and they will be certain that you get filled as price moves by your entry or exit.
Futures are interesting, however you'll realise that your prices of trading micro stocks are generally higher than investing in spot Currency Market. The benefit of a transparent market, real quantity and thickness of market (DOM) reevaluate this to a degree.