Good. Get some consistency first. You need at least 3 quarter or 1 year track record before you take the plunge. Many people overconfident that they can do it after only 1 or 2 quarters trading. Padahal market hasn't tested them yet.

My Own Experience from 19 to now about 8 years already

knew forex from a scam at college time , which is very famous at that time , i dint join them but interested to know how to make easy money at that time and self explore without joining them.
( also going to some pyramid scheme , manage to join 1 for rm1000 member fees , then dint put in any effort to sales , waste just like that ..... maybe should say lucky too dint go sales thing. another on e after join quit immediately as they dont tell you what you need to do before join. )

then try indicator for 3 years without success
then start to learn price action
then until now...... have some small profit from my micro account ( 20usd )

there were alot to be consider other than a strategy itself , news , event , area of price ( a good selling signal at low area is not that good ) , emotional state( any changes in life will affect your decision and mind ), amount of pips risking ( too big SL points will diminish your RR ratio ) , etc etc

has been changing job all the time with no level up till now on my career , as i told myself " focus on forex! "

until now i realise that even i success in forex , the return is not that high despite " easy money " , as alot here said , we might have no return for a year , without a big enough account we cant really survive in this game , by survive i mean in real life living , not the account , we still need a job.

trading the intraday make me lose focus on my job , i would suggest others to trade the Daily chart as we only need to look at the market once a day , this would not interrupt with my job and even my life as the time needed is reduced. same to emotional side. this also help to improve our edge.

i have been wasting my 8years of career , if others ask me should he join forex , i would say Yes and No , and never give up your job.

even if i have 100k usd on my account now , if the return 10% a year average without a losing year , i still cant survive as my yearly income is only 10k usd without increasing my capital.

a young man without money cant even take care of himself. i am losing my life instead of getting a good one.

just my own experience

Why 10% a year 😅

EU & GU continue to climb, any pullback is opportunity to buy again.

isn't 10% per annum a little low?

that's basically investment returns

Long term trend is DOWN ...
why EU/GU are good buy ?

Just my style, day trader on scalping. I close position daily/weekly.

im going to short eu anywhere from 1070-1090. Try to get an average price as high as possible

If it's consistent for long term, it's great. Many still lose money investing

I have no idea a what a good return is , currently still trying to be profitable.

can share what is the expected return and how many years you have the same/similar/average results already.

10% per year good for tycoon w/ millions of dollars. For normal people trying to make a living... not so

If you asked me... there is no specific target a year... I just follow the trend... take what the market gives me.

if set target... it just unnecessary pressure.

since 10% is too low a return to trade for a living , how much atleast is required before able to go full time.

consider the capital is about 50k - 100k range.

i mean , i can be profitable but not able to be full timer as the return is too low..... , what results is needed before can become a full time trader haha

dont take count of those with millions.

u are kidding right? lol

Assume you need let's say 4K for living expenses (12 months x 4 = RM48K)
And Assume you can hit 10% every year.
You need at least 500K. This is without the lavish lifestyles you see on facebook and IG
RM500K is just able to keep you AFLOAT.

It also doesn't include draw down periods and you will be stressed out cause your life depends on the money.
Trading full time can be valid if you have other streams of income. Here's some ideas you can consider if you want to trade
as a "full time trader" (solely survive based on trading alone)

1. Go for MAM and pool for investors, making a 8:2 split on the performance
(Let's say u managed to find RM1 Million, you get 20% on your 10% performance is only RM20K)
2. Management fee let's say you charge at industry standards at 2% on RM1 Million
(You can get a chunk of RM20K here)
3. Spreads, let's say you go for standard instead of ECN, spreads averaging RM15 per lot
(assuming your gains at 1% a month averaging 10 lots per month = RM150)
4. Teach like those facebook and youtube sian ka lan fx teachers. Collect course fee for RM5000 per student and find 10 Students

RM20K + RM20K + RM1.8K = RM41.8K + RM50K (Your own trading account) = RM91.8K

Congrats you are just slight better off than corporate professionals if you managed to have RM500K in your
trading account, and RM1 Million pooled from investors, which make take years to find the pool with time and effort you'll
need to build your portfolio results for 3-5 years.

You'll be better off eventually with the power of compounding after years. 3 more ways you can speed up the process.

1. Increase your performance, this will certainly speed up and increase the money you make, even 1% is a HUGE advantage in a long run
2. Build your active income source, trade part time until your pool of money is BIG enough to sustain you even if you have draw down periods.
3. Find a rich sugar daddy that funds you with 10 Million You can live of spreads alone happily every after

This post has been edited by TradeMinim: Nov 19 2019, 12:56 AM

Bros,... just sharing here :-

I am a private banking client. My RM would ask me out regularly to chat or to buy her dinner.

Fulltime traders (also known as professional traders) normally work in an institution trading on behalf of that institution. They get all the experiences and trainings from that institution, and risk funds from that institution, not their own money.

Some, who have gained a lot of experience, may venture out on their own after having gotten tired of and fed-up with their jobs. They are already armed with enough knowledge and experience to 'fight by themselves' out there, not to mention too, the wealth that they have accumulated to help them start !

Some of the ppl here running EA...buta buta 20-40% per month...

Talking about yourself ah 🤭

cmk96 & hft... they reported few weeks back...

i ask help to get started on EA nobody layan...

This post has been edited by dwRK: Nov 19 2019, 08:40 AM

friend traded forex for bank...end up vp for bursa...quit & start share agency for his kids...retire very early and just travel around enjoying life...