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Forex Trading For Profit

Trading Forex – journey as a retail trader

Forex Appreciation & Depreciation
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Trading Forex

trading forexTrading forex is not about making a million or getting rich its more about investing than anything else. Some of the best fund mangers in the world struggle to make a 5% per year gain on a consistent basis. How I like to see trading forex is making a profit. Those that treat forex as a means to get rich end up in the constant battle of a win/loss scenario. These traders tend only to show the big wins but never show the losses.

This is a kind of deception to new traders that get the idea that people are getting rich out of it. Those kind of traders may well be holding their accounts but the balance fluctuates from negative to positive on a constant basis. Advertising great wins but never showing losses.

To make a living out of trading forex one must have an account large enough to be able to make enough money on to sustain ones life or family. The account size will all depend on the traders system, risk appetite, and ability. Some traders are quite comfortable trading on a small balance with their system. A small account size however can bring rise to large draw downs.  Most profitable retail traders make around 10% per month. If we base our profit on half of this at 5% we need to think how much money is needed to survive on.

$100,000 AUD at 5% per month will give you $5000 per month which is enough to live off in Australia. Not a great income but enough. Somewhere like Thailand for example 😉 an income of $1000 AUD would be ample to live off for a whole family. Therefore a balance of $20,000 will be enough. A balance as low as $5-10,000 would even give you enough income if you are happy to increase risk.

Trading forex lifestyle

I have decided to write this post because I will be leaving Australia indefinitely for south east Asia early next year. One of the very best things about trading forex is the ability to trade almost where ever you are in the world as long as you have an Internet connection.  Of course one must have either an account large enough or a system that produces enough profit if needed to sustain and supplement an income.

This has been a dream of mine for quite some time. South east Asia being the prime location to set up a trade station. This will give me a great opportunity to continue my journey trading forex as well as being able to share and help others from what I learn. Thus, not only trading forex but from life experiences and knowledge I will gain from a different culture.

The plan next year is to continue trading forex, and keeping up with posting analysis of the forex markets. My main focus will be writing my books on various forex subjects with some accompanied by forex courses. More on this later.

From this point in time I may not be as active writing posts and trading. I have alot to organize before I head off in January 2017. If I have time I will do so . This site at time of writing is quite new and I have been surprised by the positive response from it all. The messages through twitter and facebook. The amount of readers I have in such a short time. This makes me want to keep going and building this site up to its full potential in as little time as I can. Unfortunately it will take longer than I would like. I may be looking for someone to post and do analysis for me some time in the future.

Stay tuned 😉

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Forex Trading For Profit

Forex TFP

A journey of a retail trader. How to trade on the foreign exchange market and make it a lifstyle.

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Forex Trading

Forex Trading For Profit, a journey of a retail trader. This website has been set up for retail traders to give answers to those seeking the same information I was when I first started trading. Forex Trading For profit endeavours to bring the most informative approch to trading forex, and shows anyone can become a successful trader no matter what your background, with some dedication, study and determination. Trading CFD's and in the foreign exchange market is a high risk investment so please read the disclaimer.

DISCLAIMER: Any advice or information that has been presented on this website and related accounts on social media forums is only general advice and is not intended for you to invest your money solely based on its contents. By viewing the content on this site you agree that it’s for educational purposes only and will not hold the Author responsible for any loss incurred by the content herein and associated online accounts or paraphernalia. Forex Trading for profit nor do the Author('s) operate under an AFSL and any product or advice sold on this site is only bought or taken as an educational product or guide from my collective experience’s and knowledge trading forex. If you invest any money into forex you do solely at your own risk.

HIGH RISK WARNING: Trading CFD’s such as forex and/or on high leverage is a high risk investment and you must make yourself aware of the potential loses you may incur. Forex trading is not suitable for all investors and you have the potential to lose all of your deposited funds or more. Any opinions or analysis of the financial markets on this site is ONLY commentary in nature and does not solicitate investment advice. Please do not invest any money based on the advice given on this site or associated accounts nor invest money that you cannot afford to lose. Past performance of any trading system or method is not indicative of future results.

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