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    January 29th, 2009 by admin

    Mainly, is there a minimum amount of funds required in your account.
    Like trading equities, there must be $25,000 in your account to day trade.
    Does forex have any requirements, or special rules only pertaining to forex?
    Any and all advice is welcome.
    Thank you.

    Are you sure you thought this through? Day trading & Forex? That's like throwing money out the window with one hand while playing craps with the other. The brokers will love you as long as your cash lasts. Verify what you read. Educate your self. Get diverse opinions.

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    January 29th, 2009 by admin

    Hey,

    Are there people in the world who day trade forex for a living? I've read so many articles bashing day trading as gambling and impossible to make money, but I also read some forex trader interview who just trade a few hours a day and make a good living. Is it true?
    Anyone has experience?

    I trade FX as well as stocks and I used to be a professional trader.

    Succesful trading really has to do with emotional control and dscipline because its based on odds. The odds are usually not higher than 55:45 in your favor so expect to lose fairly often. It is extremely nerve wracking and it takes lots of money you can AFFORD to lose to do succesfully as a professional. Most likely at least 25K. It also takes years to learn and often with huge losses. You make the big money in usually only 20% of the time, the rest try not to get torn up in the markets. Its a good job for adrenaline junkies but its not for everyone.

    Yes people say 90% of people fail to make it, however so do 90% of doctors and lawyers. Its about how much you want it and how hard you wanna work at it. But it most definitely IS possible.

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