Can YOU make money as a trader?

Quoting newbegger

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I was discussing the topic and wanted to post my thoughts on making money as a trader. Many people have the idea that they are almost there, Hi, you can make money but it is very difficult . You need nerves of steel and patience . You may trade once per day , lets say UK open and 10 minutes later you have finished, waiting for the following day. You then get bored and feel lucky so trade again, perhaps winning but probably losing.. wish you well.

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Quoting billytt

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{quote} Not a problem if looking for new setups, retaking the same trade with a smaller size, ect. You can run all day(sort of) as long as you don't give it all back.

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Quoting dukas_trader

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{quote} most people do it the complicated way. this is the way you described and this can be a hard expensive way. the more easy way is to learn all the basics from the beginning and then get trust in this and get experience, by open very small cent account and train this all.you can there see that all what you learned is true and get your screentime to know to read the prices/charts for each currency you want trade and know the advantages/disadvantages and special behavior of each pairs... when you trust in math, you dont get psychological problems...

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Quoting nealpek

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So can you make money as a trader? What's the answer? Perhaps The question could be rephrased as: "Do you understand the markets well enough to exploit them for profit on a consistent basis? Now that's a good question....

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Quoting GEfx

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A few of us were talking about NZD crosses. Here is trade 1 on the EN, with my stop moved from 30 pips to just 5 pips below the entry. Looking for second entry if PA settles down a bit. Actual target for a position built in this pair is about 120 above the current price. If it collapses back then I'll re-evaluate. Good trading everyone! {image}

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