Who here trades forex for a living?
I am doing that and just want to know who else does so.
Or are you a part time trader and forex is just a part time earning for you?
Not daily basis but weekly basis .
I scan charts for potential set ups each week and among those which have those set ups are folowed every day of that week.
I trade majors as well as crosses .
Mainly EUR/USD , AUD/USD , GBP/USD AND USD/CAD , ISD/CHF., usd/jpy
In crooses i trade GBP/JPY , gbp/chf , eur/gbp, eur/chf , aud/jpy , eur/jpy etc.
Forex trading requires tons of screen time.
Understanding of technicals as well as some fundamental aspects of trading.
its not easy to make money .
It is said that 95% traders lose money in forex .
SO before entering live account trading one has to learn trading and practice on demo account.
Forex trading can be divided into long term , medium term and short term trading.
The long term trading we can call it as investment .
Rest medium term and short term i.e. intraday trading is simply trading to earn money in a matter of time which requires skillful expertise .
I am trading with instaforex.
And they are running great contests for demo accounts as well.
Now that they have started a posting contest here is welcome initiative.