Serious Is FX trading worth it?

[Deleted member 32662]

Title. Thinking of getting into it.

 

[Deleted member 32662]

Probably notlossus.

Why?

 

[Transcended Trucel]

Let's wait for @Transcended Trucel since it's his full time job.

I don't do it anymore as I don't have time too and lazy.

Title. Thinking of getting into it.

you need choose a strategy, test it out, back test it if it works too. Have good profit:loss ratio. take into account taxes. remember to paper test and be certain your strategy works before doing it for real.

once you got a solid strategy, can become kind of a solid stable income. but very few people get to this stage as it can hundreds even thousands of hours.

 

[Deleted member 32662]

I don't do it anymore as I don't have time too and lazy.

you need choose a strategy, test it out, back test it if it works too. Have good profit:loss ratio. take into account taxes. remember to paper test and be certain your strategy works before doing it for real.

once you got a solid strategy, can become kind of a solid stable income. but very few people get to this stage as it can hundreds even thousands of hours.

Thanks, I am watching learning tutorials on it on youtube. Hopefully I can come up with something of my own.

 

[Deleted member 776]

I think you need to really know what you're doing in order to make decent returns and not loose all your money.

From what little I know about it the trick a lot of traders use is to bet big for small upward movements that happen in the market at certain times of the day and then get out.

 

[Deleted member 32662]

I think you need to really know what you're doing in order to make decent returns and not loose all your money.

From what little I know about it the trick a lot of traders use is to bet big for small upward movements that happen in the market at certain times of the day and then get out.

Cool, I have to learn this thing through.