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WHO trades forex for more than 10 years and keeps making regular profits
Mar 09, 2020 at 19:51
4EX4LIVE posted:
2020
I think that you need to show more proof of your results
Your results are only illustrated for the last month
What does each bar represent (as it doesn't look like per week or day of trading but rather random)?
When you lose, don't lose the Lesson
Apr 15, 2020 at 16:40
Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?
I'm sorry to ask this
because I see the portfolio of several forex winners here on other contests they lose a lot, inconsistent
my opinion for long term 100% forex traders must have lost
therefore many brokers give a lot of bonuses
please let me know if my opinion is wrong
😐
I do not trust bonuses. Honestly, who will use the bonuses? They are intended for silly and naive newbies. Especially no deposit bonuses. This is generally complete nonsense.
Because in the end you’ll lose everything. It is better to rely solely on your capital.
And from my own experience I have not met people who really consistently earned 10 years or more.
I think everyone has periods when you lose more. I also had such a period.
And in connection with recent events, it reappeared. The market was going crazy.
Member Since Mar 08, 2015
3 posts
Apr 22, 2020 at 13:45
SNF_Complex posted:wow very big account
====
trade about 15 years ... with good results only in last 8 years ..
first 7 years with no great result ...
____
99,9% lose or have no result .. or about 0-2% month if take total years.
and only 0,1% can get 5% month or more with small stable DD no more than 8-10%.
I talk about 5-7-10 years of stable trading.
20% of this 0,1% .. about 20% may be smaller have stable profitable robots ...
so in total it about 0,02% ... - of course if someone really have profitable robot he NEVER sell that.
this is reality of market ... very very small percent of people can trade stable in profit many years,
more than 50% of success trading is in psychology ... if you have profitable manual system it not mean than you get profit if you can't control yourself ... main enemy is not market or crowd of bulls or bears ... main enemy, main "dragon" is inside yourself ... if you can control this dragon - you control the market.
___
Member Since Feb 22, 2011
4573 posts
Jul 21, 2020 at 08:26
I am trading and profitable since 2010
Member Since Jun 21, 2020
54 posts
Jul 31, 2020 at 10:27
Aye traders, 11 years and counting in the Rank.
NO EMOTION DURING TRADING.
Member Since May 21, 2020
5 posts
Jul 31, 2020 at 11:15
Three years tarding and Two years in profit now once i stuck to a system and focused on what pairs or indices i liked and learned, earning nicely from £3000 account that all you need if you are consistent ! every month i bank my profits and start again ! and having a daily target helps to once thats hit i close my laptop down ! and wait til next day ....
Psycology is everything .....!
Psycology is everything .....!
Live and Die by the Sword !
Jul 31, 2020 at 13:42
This thread pique my interest, I just checked my own account bio and found that I have been trading for 10 years. I wouldn't say I'm profitable nor successful now. But I'm living quite a comfortable life with forex trading as my side income 『Which sometimes it will exceed my main』
Just try not to be emotional and accept the loss and you will be fine.
Just try not to be emotional and accept the loss and you will be fine.
Strive to archive more.
forex_trader_1641092
Member Since Jun 17, 2020
16 posts
Jul 31, 2020 at 14:21
You should be rich.
Member Since Oct 28, 2015
52 posts
Aug 01, 2020 at 18:45
SNF_Complex posted:Those are very large lots you are trading. wow. You must be wealthy i cant wait to trade such lots in the future on live accounts.
====
trade about 15 years ... with good results only in last 8 years ..
first 7 years with no great result ...
____
99,9% lose or have no result .. or about 0-2% month if take total years.
and only 0,1% can get 5% month or more with small stable DD no more than 8-10%.
I talk about 5-7-10 years of stable trading.
20% of this 0,1% .. about 20% may be smaller have stable profitable robots ...
so in total it about 0,02% ... - of course if someone really have profitable robot he NEVER sell that.
this is reality of market ... very very small percent of people can trade stable in profit many years,
more than 50% of success trading is in psychology ... if you have profitable manual system it not mean than you get profit if you can't control yourself ... main enemy is not market or crowd of bulls or bears ... main enemy, main "dragon" is inside yourself ... if you can control this dragon - you control the market.
___
Prayer is the True Power that controls the World.
Member Since Oct 28, 2015
52 posts
Aug 01, 2020 at 18:53
SNF_Complex posted:wow this is encouraging. us we started trading in 2008 and we are still struggling with emotions.
still trade from 2000 ..
still in profit !
Prayer is the True Power that controls the World.
Member Since Jul 22, 2013
123 posts
Aug 03, 2020 at 03:16
Orangotang posted:SNF_Complex posted:wow this is encouraging. us we started trading in 2008 and we are still struggling with emotions.
still trade from 2000 ..
still in profit !
!!!
Attachments:
SNF-Complex system - build in 2007 \ Tested from 1970.
Aug 05, 2020 at 02:07
Rblackmuir posted:
Three years tarding and Two years in profit now once i stuck to a system and focused on what pairs or indices i liked and learned, earning nicely from £3000 account that all you need if you are consistent ! every month i bank my profits and start again ! and having a daily target helps to once thats hit i close my laptop down ! and wait til next day ....
Psycology is everything .....!
That is very good and encouraging to hear
£3000 seems like an account size that could potentially generate anything from £150 to £600 monthly (if assuming a 5-20% growth target each month). Obviously that would also depend on your risk appetite as well.
What do you when trades do not go your way? Do you continue to aim for your daily target or is there also a maximum loss that you are willing to accept?
Peace, love and PIPs
When you lose, don't lose the Lesson
Member Since Feb 08, 2019
17 posts
Sep 06, 2020 at 14:46
I've been a student to forex for about 10 years and like us all lost and gained many times. Mostly losses, until about five years ago but still never jumped in 100% until this year. I finally dedicated myself ( mainly due to the shut down we had in USA) I so wish I jumped in 100% 5 years ago. But hey better late than never at all.
Insta-@Greenbandits #TradeLikeaBandit
Member Since Jul 20, 2020
286 posts
Sep 25, 2020 at 02:01
I have been trading Forex for 7 years. Out of these 7 years, I have been consistently profitable for 3 years. Profits can be made by maintaining risk. I use 1: 2 risk-reward in every trade.
forex_trader_1786937
Member Since Aug 23, 2020
107 posts
Sep 25, 2020 at 05:03
12 years but from one bank or institutions to another, I don't accept contract more than a year and i always like the clause that allows me freedom to trade do third parties, although I'm not allow to display statements and that will lead to contract termination and breach of trust with heavy fines.
Member Since Sep 24, 2020
1 posts
Sep 26, 2020 at 11:39
Hey guys,
I started trading a live account last Friday.
I have been trading since the COV-19 hit (after I lost my painting business) for 6 months on a demo - out of which profitably for the past 10 weeks straight (10% target per week - smashed it every week). I gotta say, it`s not the same with real money - first trade I bought a bearish engulfing right after it formed - that`s how nervous I was. Luckily it turned out to be BE trade with miniscule profit after coming all the way down to 2 points from my SL. I`m strict when talking about risk management - strictly no more than 1% Risk, managing Reward as per price action - but aiming for at least 2:1 reward to risk ratio before placing the order. I had a great trade on GBPJPY on Wednesday (5:1) and extra few good ones (3:1s and 2:1s) throughout the week. I have been very jittery though - missing opportunities left, right and centre. But, I`m trying to focus on the positive rather than negative. Life is great - hit my target this week with zero negative days, learning more as I go. Plus, I genuinely enjoy sitting in front of the charts and observing price action - and when I am not trading with real money, I am paper trading in my head.
I am up close to 14% for the first week. I`ve never been happier. But, I need a mentor - with my increasing understanding I realise how very little I know ... Is there anyone amongst you with a lot of patience and experience willing to teach me how to become an ICBM?
Thank you,
Benjy.
I started trading a live account last Friday.
I have been trading since the COV-19 hit (after I lost my painting business) for 6 months on a demo - out of which profitably for the past 10 weeks straight (10% target per week - smashed it every week). I gotta say, it`s not the same with real money - first trade I bought a bearish engulfing right after it formed - that`s how nervous I was. Luckily it turned out to be BE trade with miniscule profit after coming all the way down to 2 points from my SL. I`m strict when talking about risk management - strictly no more than 1% Risk, managing Reward as per price action - but aiming for at least 2:1 reward to risk ratio before placing the order. I had a great trade on GBPJPY on Wednesday (5:1) and extra few good ones (3:1s and 2:1s) throughout the week. I have been very jittery though - missing opportunities left, right and centre. But, I`m trying to focus on the positive rather than negative. Life is great - hit my target this week with zero negative days, learning more as I go. Plus, I genuinely enjoy sitting in front of the charts and observing price action - and when I am not trading with real money, I am paper trading in my head.
I am up close to 14% for the first week. I`ve never been happier. But, I need a mentor - with my increasing understanding I realise how very little I know ... Is there anyone amongst you with a lot of patience and experience willing to teach me how to become an ICBM?
Thank you,
Benjy.
Illusion is the first of all pleasures. (Oscar Wilde)
Oct 01, 2020 at 18:30
represent_KLadno posted:
Hey guys,
I started trading a live account last Friday.
I have been trading since the COV-19 hit (after I lost my painting business) for 6 months on a demo - out of which profitably for the past 10 weeks straight (10% target per week - smashed it every week). I gotta say, it`s not the same with real money - first trade I bought a bearish engulfing right after it formed - that`s how nervous I was. Luckily it turned out to be BE trade with miniscule profit after coming all the way down to 2 points from my SL. I`m strict when talking about risk management - strictly no more than 1% Risk, managing Reward as per price action - but aiming for at least 2:1 reward to risk ratio before placing the order. I had a great trade on GBPJPY on Wednesday (5:1) and extra few good ones (3:1s and 2:1s) throughout the week. I have been very jittery though - missing opportunities left, right and centre. But, I`m trying to focus on the positive rather than negative. Life is great - hit my target this week with zero negative days, learning more as I go. Plus, I genuinely enjoy sitting in front of the charts and observing price action - and when I am not trading with real money, I am paper trading in my head.
I am up close to 14% for the first week. I`ve never been happier. But, I need a mentor - with my increasing understanding I realise how very little I know ... Is there anyone amongst you with a lot of patience and experience willing to teach me how to become an ICBM?
Thank you,
Benjy.
Keep up the good work
Patience and perseverance are key
Do not worry about missing trades but be sure to continue to stick to your plan
It doesn't even seem like you need a mentor but definitely good to have someone who can mentally support you
Being nervous is normal but what I'd recommend is start with small positions/low risk and as you gain confidence you can scale it up
Happy to connect nonetheless
Good luck with the last day of the week tomorrow and be wary of the NFP!
When you lose, don't lose the Lesson
