It's the question that is on everyone's mind when they start trading. It's the question that is on your mind too. Right now! And it is totally legitimate. Why would you commit to something if you're not going to get something out of it?

1. El Mehdi Laaroussi
Is Trading for A Living possible?
It's the question that is on everyone's mind when they
start trading. It's the question that is on your mind too.
Right now! And it is totally legitimate. Why would you
commit to something if you're not going to get something
out of it? Why would you invest years of your life and
potentially thousands of dollars of your savings if you're
not absolutely sure that you're going to get it back tenfold?
It must become lucrative and a real source of revenue.
There's just no other way.
Mark Douglas, president of the firm Trading
Behavior Dynamics and author of many famous books
that changed how traders approach the market, says in his
book "Trading in The Zone" that just 10 percent of the
active traders are consistent winners. That means that the
90% of traders are consistent LOSERS.
Which means that to make it in this market you have
got to be in the top 10%. Not an easy thing to do, for sure.
So, is trading for a living possible?

2. El Mehdi Laaroussi
YES! Absolutely and without a doubt. But, It's not
easy. The trading world is divided between two kinds of
people, as you are well aware now. The people who are on
the top and those who are in the very bottom. The middle
portion does exist, but sadly it's insignificant. The
contrast between levels of success in the trading world is
really accentuated. And for a good reason.
It's because the majority of people trade for the
wrong reasons. They want to make money fast.
Thousands of dollars in an instant. And why not! It seems
so close. So easy. Just a click of a button away. People are
doing it on YouTube every day!
But, don't forget! People are losing money every day
too! In the pursuit of instant success, gratification and
profit. This method works great, if you are a gambler. Not
a trader.
Consistently profitable traders are not after the
short-term gain. They are in it for the long run. They
understood, long ago, that to make it in this game, you
must master your own emotions and be patient.

3. El Mehdi Laaroussi
You think that for trading to become a source of
revenue you need to make those unrealistic returns of
100%, 130% or even 200%?
No! It doesn't work like that.
The real measure of how profitable a trader is does
not rely on such exaggerated returns. The go to reference,
or the "bar" that traders set to themselves is no other than
the S&P 500 index. It's a stock market index that
measures the stock performance of 500 large companies
listed on stock exchanges in the United States. It is one of
the most commonly followed equity indices, and many
consider it to be one of the best representations of the U.S.
stock market. It's the performance benchmark for all
traders big and small. And if you want to become a
successful trader, you have got to beat it.
What you need to know is that for rational investors
to make money investing with minimal risk, they can just
put their money in the S&P 500 index and wait till the end
of the year to get 10% return on their investments. Nearly
a sure thing. So, for you to become a successful trader you
need to beat that. You need to become a more attractive
opportunity for investors.
Let's say, with your trading strategy, you are
consistently getting 15% a year returns on average. That
means that you can offer potential investors the
possibility to make more money if they come to you
instead of just putting their money in the S&P 500. Which
means that you'll have more funds on your hands and
allow you to boost your earnings many times over.

4. El Mehdi Laaroussi
And VOILA! that's the trick!
To do trading for a living you need to know what you
do. Know it very well. Have a solid and unshakeable
discipline. Be patient. And above all, practice, practice,
practice. You need to become, yourself, an attractive and
reliable investing opportunity with a record that shows
what you can do for people and how YOU can make them
money.
For this, consider making this blog a routine for you
and subscribe. We will be going through all, and I mean
all the aspects of trading including but not limited to
strategies, psychology lessons and insights,
fundamentals, technical analysis, money management
and risk management. The whole nine yards!
Start here:
How to start trading?
What is FOREX?
How to make money online
Top 5 best trading blogs
What is traded in FOREX?