[sukaka]

There is risk involved, but you could be a trader. Lots of successful algorithm traders are one person shops that are later bought by banking firms like Goldman Sachs. I'd trade forex because it's simple. Two simple strategies are trading at ema crossovers and arbitrage. As a programmer, you have power to play with data and build automated trading systems (bot or assisted trading). I recall from a book on stock/futures trading that around 70% lose money, 20% stay the same, and 10% make money. Also, 10% is the average annual return rate of the stock market, but you also need to calculate taxes. This thread is a great resource on exploiting bitcoin trading, which is applicable to forex in general. https://bitcointalk.org/index.php?topic=60501.0

[andyakb]

This is really, really misplaced advice. As a programmer, he knows how to program, he does not know how to profitably trade, nor is it easy to learn. An analogy would be telling a chef to open a restaurant because they are a good cook. While common advice, it isnt that simple. The analogy also fails because it is much easier to learn to run a restaurant than it is to trade profitably, let alone on the forex markets.

He has valuable skills that should easily command him more than what he "needs" to make, he should use those skills instead of attempting to learn an unrelated, saturated, and difficult field.

[TheLegace]

I have been doing Forex on an off, lost tiny bit of money, but overall having a lot of trouble consistently profiting in the market.

Do you have any serious tips on how to be consistently successful.

[billybob255]

Forex is an extremely risky niche, try stocks or something that isn't zero sum.

[davidsmith8900]

Okay, I do more research into stocks as youve, suggested. Thanks for the input.

[davidsmith8900]

- How long did it take you to learn Forex?

[davidsmith8900]

- I dont mind the risk, I believe, life is a risk itself. Thank you so much for this info sukaka. I will look more and, do research in this.

[sukaka]

good luck! Also know about stop loss. More often than not, sell if the price has dropped more than 5%. If not, you'd be out of the picture and might be waiting indefinitely for the price to crawl back up to just break even.

[davidsmith8900]

- Okay sukaka, I wil keep everything u said in mind.