I decided to be a full-time Foreign Exchange trader a few months ago. Leaving my job wasn't a issue I had adequate funds to support myself for 6 months. It's been about 4 weeks and I have been gulping down information largely learning from books written by powerful well-known traders. My goal was to read for one more month, demo trade for 1 month or so and go after ensuring that I knew the game inside out. I don't have any prior experience trading, nevertheless I am fascinated by the idea of living anywhere and making money at precisely the exact same time. I also realize that my success would be based on the broker I am going to choose, so after doing a little research I have come to the conclusion that market manufacturers are a major element in making someone a failure. So I have decided to choose an ECN instead. I hope that I'm on the ideal path.
But after reading some threads, it would appear that it is not that easy to make money in Foreign Exchange. I believe myself above-average in studying new subjects and am rather comprehensive. So I usually go deep into whatever I am learning.
Understanding myself and my abilities, I thought I would be doing well in Foreign Exchange when I move live by following suitable trading egies, money-management and plogy.
Am I being unrealistic? Most of you're currently making it sound like nobody can make money in Forex a year trading without spending. Is that the story with everyone who's effective in Foreign Exchange trading?
I am having second thoughts about continue to perform it full-time. Perhaps commerce and I should return to work part-time. I know this is something that I have work out on my own, but it would help to know others' journey to success in the Foreign Exchange world.