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WHO trades forex for more than 10 years and keeps making regular profits

Jul 04, 2018 at 06:59
24,623 Views
290 Replies
Member Since Jan 31, 2016   9 posts
Dec 04, 2020 at 20:03
Hey
Interesting topic. Thought i would join.
I being trading forex for around 8 years +


I used to do manual trading. Now, i only does EA trading ( removing emotions out of the equation and getting discipline in return). EA is turned off completely on high impact news days.
I have backtest of EA available from 1999.


If you are lucky to have a mentor, you might achieve your goals earlier or ATLEAST wont loose lot of money investing.
I did have a mentor/teacher though who taught me the basics. However i moved on from him since his goal was only to achieve around 5k per year. I learned from many institutions online , youtube channels etc. I paid any institution once only to ask for a refund as their strategies didn't pan out. I don't think hardly anyone would teach profitable strategies free of cost or for a low charge. Forex is a trillion dollar industry. Why teach their own trillion dollar strategies for small price. PAMM would be a better option safe guarding their property. If you decide to have a mentor, please check his myfxbook record first.

A professional trader supplements their income by providing basic lessons on teamviewer, youtube channel, PAMM accounts , copy trades , making forex bots,indicators etc..

All the best.
Financial freedom
Member Since Jul 20, 2020   341 posts
Dec 19, 2020 at 13:32
Making a profit consistently is a dream of many traders as well as mine. but it is not so easy.
Member Since Sep 28, 2011   25 posts
Dec 23, 2020 at 22:31 (edited Dec 23, 2020 at 22:32)
I have been trading forex for 14 years since 2006 and getting profit only last 4 years. 80% of all my trading activity now it is investing in dividend stocks on fund market and 20% activity is trading commodities without leverage. Using of leverage kills 99% of trading accounts. Start to invest in dividend stocks without leverage and save the money. I have never seen the forex trader in Forbes
If you work hard, you dont have enough time to make money
Member Since Jul 17, 2020   35 posts
Dec 30, 2020 at 09:29
Consistent profits are really something that is rare and it is very difficult to keep making them regularly. It is not about making good returns on every trade but the bigger picture is more important.
Member Since Jun 27, 2014   103 posts
Dec 30, 2020 at 14:59
Alexey1979 posted:
I have been trading forex for 14 years since 2006 and getting profit only last 4 years. 80% of all my trading activity now it is investing in dividend stocks on fund market and 20% activity is trading commodities without leverage. Using of leverage kills 99% of trading accounts. Start to invest in dividend stocks without leverage and save the money. I have never seen the forex trader in Forbes

Does it mean, the profits don't come out of Forex, but out of dividend stocks?
You haven't been around lately.
Member Since Sep 28, 2011   25 posts
Jan 03, 2021 at 16:05
fastdrive55 posted:
Alexey1979 posted:
I have been trading forex for 14 years since 2006 and getting profit only last 4 years. 80% of all my trading activity now it is investing in dividend stocks on fund market and 20% activity is trading commodities without leverage. Using of leverage kills 99% of trading accounts. Start to invest in dividend stocks without leverage and save the money. I have never seen the forex trader in Forbes

Does it mean, the profits don't come out of Forex, but out of dividend stocks?

If you trade forex without leverage you will got the same profit as investing in good dividend stocks with smaller risk.
If you work hard, you dont have enough time to make money
Member Since Aug 27, 2017   121 posts
Jan 05, 2021 at 14:13
Interesting point @Alexey1979. How about George Soros? Is he not part of Forbes? I love this thread. It gives me the confidence to continue with forex. Some people who posted only seen consistency after 10 years of trading but I'm sure it's worth it. It's a skill of making money and provide for your needs month after month. Good luck to all of us. 😆
Trading is a marathon, not a sprint.
Member Since Sep 28, 2011   25 posts
Jan 05, 2021 at 19:33
It is not good example.
George Soros was one of these bearish currency traders, amassing a short position of more than $10 billion worth of Pound Sterling. Black Wednesday is widely known as the day that billionaire currency trader George Soros broke the Bank of England and made over $1 billion or 10% of profit.

Does common trader have $10 billion to earn $1 billion?
Could the simple trader be a part of Forbes if he makes $1000 using his $10 000 capital?

Soros Fund Management invests globally, and the long positions in the US market reported in the 13F filings represent ~20% of the overall portfolio. The 13F portfolio value decreased ~10% this quarter, from $4.48B to $4.08B. The number of positions decreased from 141 to 132. Very small stock positions and large debt holdings together account for ~20% of the 13F holdings. The investments are diversified, with a large number of very small equity positions, a small number of large equity positions, and a few large debt holdings. The focus of this article is on the larger equity positions. The top three individual stocks held are Liberty Broadband (LBRDK), D.R. Horton (DHI), and Palantir Technologies (PLTR).

https://seekingalpha.com/article/4389180-tracking-george-soross-portfolio-q3-2020-update
If you work hard, you dont have enough time to make money
Member Since Aug 27, 2017   121 posts
Jan 05, 2021 at 23:25 (edited Jan 05, 2021 at 23:32)
The best example I can think of are the Turtle Traders. Yes, their chosen markets are very diverse but still, currencies are part of it. I don't see any reason on sticking to just one market.

In addition, have you checked all of the people on the Forbes list? I'm sure there are a few who have traded currencies. I don't think they stick to only one source of income, right? That's not how rich people operates.
Trading is a marathon, not a sprint.
Member Since Aug 27, 2017   121 posts
Jan 05, 2021 at 23:27
Sorry, it sounds as if I'm trying disapprove your point. I just don't see the point of overgeneralizing that no currency trader is wealthy enough to be in Forbes.
Trading is a marathon, not a sprint.
Member Since Jun 20, 2015   1 posts
Mar 31, 2021 at 03:03
Yazzitsu posted:
14 years of experience. Since around 5 years regular profit. Earlier I traded on demo account and been trying to learn all what's available. Follow my signal to check how am I going. I prefer 1-3% profit monthly its enough for me to get a stable income every year. DD around max 8%


1-3% profit monthly, after LONG LONG time you will be RICH
Member Since Apr 02, 2021   9 posts
Apr 20, 2021 at 07:01
Every trader tries to become successful in forex and they keep working hard to earn more and more profits. It takes time but it is not impossible.
Member Since Jan 20, 2014   82 posts
Apr 21, 2021 at 11:35
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
😐

6 years in and 4 years to go. Interestingly this is the same question that Jack Swagger (Market Wizards books) asked when he was trying to find traders to interview for his latest book. I guess if we read his book we might find out.
By Wisdom & Courage
Member Since Jan 03, 2018   162 posts
Apr 21, 2021 at 13:18
whhfight posted:
Yazzitsu posted:
14 years of experience. Since around 5 years regular profit. Earlier I traded on demo account and been trying to learn all what's available. Follow my signal to check how am I going. I prefer 1-3% profit monthly its enough for me to get a stable income every year. DD around max 8%


1-3% profit monthly, after LONG LONG time you will be RICH
depend on the starting capital
nick123427@
Member Since Jan 03, 2018   162 posts
Apr 21, 2021 at 13:27
Lazard posted:
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
😐

6 years in and 4 years to go. Interestingly this is the same question that Jack Swagger (Market Wizards books) asked when he was trying to find traders to interview for his latest book. I guess if we read his book we might find out.
bascket trading reqires a lot of patience
nick123427@
Member Since Jun 14, 2019   10 posts
Apr 21, 2021 at 14:08
So the rest of this guys here are not making regular profits?... I count my profits per month, in terms lf withdrawals and gains etc, so yeah, like i said earlier i make regular profit each month...been trading for. More than 10 year to 20...my monthly profits are not fixed, though... I could make 500 k this month ... Next month 150 k... The next 1million...i dont believe in the stupid notion that a trader can make a fixed e.g 10 percent strictly or 20 percent each month of the year... Thats nonesense and ridiculous.

Why because unless you are a robot, even robots cant, there is no way a person can extract the exact same returns every single month of the year, in a makret that is so random and inconsistent like this.


Whatever you strategy is lnow that it wont just floe eachonth and work.. You need to keep makimg it better.. I have never met a strategy that works exavtly as it from year to year without amendments, new additions etc...
i owe my being to All the giants of the Industry whose shoulders i am stanging on Today.
Member Since Jan 20, 2014   82 posts
Apr 22, 2021 at 11:32
nick3232 posted:
Lazard posted:
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
😐

6 years in and 4 years to go. Interestingly this is the same question that Jack Swagger (Market Wizards books) asked when he was trying to find traders to interview for his latest book. I guess if we read his book we might find out.
bascket trading reqires a lot of patience
Agreed
By Wisdom & Courage
Member Since Feb 26, 2011   15 posts
May 27, 2021 at 06:21
21 years of experience. Since around 6 years regular profit.
Member Since Sep 28, 2011   25 posts
May 27, 2021 at 07:03
InstaKievFund posted:
21 years of experience. Since around 6 years regular profit.
Hi. Do you realy have a 21 years of experience in trading? It is nice to see such experienced trader from Kiev. I am from Kiev too. Good luck.
If you work hard, you dont have enough time to make money
Member Since Feb 26, 2011   15 posts
May 27, 2021 at 08:01
Да, аж страшно подумать но это так....
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