Can you make a living off forex trading pips

Can you make a living off forex trading pips

I started out aspiring to be a full-time, self sufficient Forex trader. I was expecting to see more negative comments on this thread lol.Forex is just like gambling. There are those who found the tricks in doing it while others are gambling and won on luck. If you found the trick like cards counting etc, you stand at the higher probability and in the long run, you win. On the other hand if you are just gambling purely, you stand on the slightly below 49.9% due to slippage, delays, spreads, commissions etc.

So living off forex is not entirely impossible. I have done it for years and still running alive. Forex day trading from home is tgading as an easy way to make money but currency trading is just like any other business - you have to have a plan, the right strategy and mindset to make pipd term profits.The problem with any trading system which aims to trade short term i.e.

scalp pips within a few hours livjng to only keep positions open in a day is doomed to fail - why. Because all the market volatility that occurs in the short term time frames of a few hours or less is just random noise and you can never win.There are a huge amount of scalping and day trading systems, software and automated robots promoted online but none of them work. I just started reading and getting acquainted with the terminology and can you make a living off forex trading pips.

The one worked in Banking before moving to forex and brought some of what he learnt over to Forex and he is REALLY good trading off m15 for his entries calculated off H1 and H4 and sometimes even Daily and weekly targets. The short answer is yes. The longer answer is, yes you can make a living trading the Forex market but you have to consistently do a lot of things right. Most traders simply do not yet possess the necessary trading skill, discipline, patience, or realistic attitude to succeed long-term in the markets.However, this does not mean that it is impossible.

You simply have to learn what you need to do to become a consistently profitable trader, and then do it. Easier said than done, I know. But, I am living proof that you can make a living trading the Forex market, and I personally know other people who make consistent money in the markets. So, it livinf be done. My story has ultimately led me down the path of helping other traders, so let me give you some valuable insight into what it takes.

Make forex can you pips off living a trading

Can you make a living off forex trading pips

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