Originally Posted by
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I think that your question makes sense and that I loved the dichotomy of your query along with your username
But if you allow me, I would like to share my view here, of course, this query is populating my thoughts for quite some time.
I my view, FX can be traded for living if it's traded as a business. Any business enterprise. And now it's easier to me to know this concept, because I started a true business with my sister, creating fitness clothing.
At a true business your gains a fairly predictable as your gross margin. You know how much your products cost (and you realize they're at good costs or not) and you know for how much it is possible to market (and you know whether your prices are good).
In FX, you know for how much you bought, but you do not know for how much you WILL market.
The distinction is that in actual small business sales are more difficult to make (so you know just how for much you CAN market, but you do not know IF you're going to market). In FX, however, you sell at a click, but you do not know for how much you will sell (and when to market), and that is NASTY.
In a true business you are in possession of a predetermined P/L and you've got to work hard to make sales. In FX you know that you can market how much you need at any moment, but you do not know your P/L beforehand.
So I came to the end which FX for a living is simpler if you force it to work as a true business. If you restrain your losses to a minimum, you also need to decrease your profit demands. It is fairly easy and fast to make, say, 0.5 percent of your funds per day in FX. But that would provide you about 10% a month. That is pretty good when compared with actual business, but with a $250 account you make $25. With $25,000 you make $2,500.
Bottom line, I think now that yes, in case you've got a fantastic amount to begin trading FX, you can live out of it, working hard to decrease the risk and also to accomplish your profit goal (earnings are granted, you've got to work on the gross profit margin)
At a true business you want a fantastic amount to begin working and you need to work hard to enhance your earnings, as you're gross margin (price-cost) is more or less repaired.
That's the reason why the thousand dollars out of a $250 account is as unthinkable as wanting to construct a real business with $250 of operating funds