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Forex is profitable ?
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gabemocan

Member Since Jul 24, 2018  4 posts gabemocan Aug 10 2018 at 07:29
@BluePanther there's always the guy that wins in the lotto. Congratulations, you are one, at least around here. Mostly professional traders are busy working on their own stuff... And hey, these are all fully automated systems you yourself develop? Well done! cool

TeoJonas

Member Since Aug 14, 2018  6 posts TeoJonas Aug 20 2018 at 13:34
Yes forex is definitely profitable but unfortunately not for everyone. there are lot of experienced traders on this forum who can share their success stories here.

danmulligan

Member Since Aug 06, 2018  8 posts danmulligan Aug 22 2018 at 08:53
Not everyone can survive profitably in forex. It is not easy. Only a handful number of people actually make it big here. They are the ones who stick it out in the long run. Most usually lose patience and give up eventually

KurtSung

Member Since Aug 21, 2018  12 posts Kurt (KurtSung) Aug 22 2018 at 10:26
ComebackKing posted:
I've no idea why anyone would bother scalping FX. Why not just trade currency futures on the CME? 100% transparent and no real 'spread' like FX or stocks.


Well, I think it depends on the situations and laws in each country, and the monitoring institutes of brokers also matters. Some can ensure that your capital will not be used in other ways and help you to prevent 'The Black Swan'. However, not every institute protects customers' right and money so much. There are many frauds and people losing money by being duped in this market. Thus, the governments need to do something to protect their own people, but sometimes the foreigners not included. So we need to recognize the institute we choose and rely on them.

Discipline rules, not emotions.
LeadPellet

Member Since Aug 14, 2018  11 posts LeadPellet Aug 22 2018 at 10:30
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited

togr

Member Since Feb 22, 2011  4833 posts vontogr (togr) Aug 23 2018 at 10:57
Forex is not profitable. It is market. On this market traders buy and sell various assets.
Few of them are profitable, the rest is not.
Very profitable is middlemen - brokers - whose are having profit from all transactions.

Bohdan73

Member Since Oct 21, 2016  51 posts Karel (Bohdan73) Aug 23 2018 at 10:58
LeadPellet posted:
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited


Throw in the request for the broker to be and Agency-only (A.K.A STP) model and the results are even less.
There is an abundance of Market Makers everywhere.

Trade with determination!
Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi Aug 23 2018 at 11:43
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.

jamesgwyther

Member Since Aug 05, 2017  289 posts jamesgwyther Aug 23 2018 at 13:35
Forex is certainly profitable for some, though definitely not for all.
I believe it can be profitable for everyone, if they work hard enough.

jamesgwyther

Member Since Aug 05, 2017  289 posts jamesgwyther Aug 23 2018 at 13:35
TeoJonas posted:
Yes forex is definitely profitable but unfortunately not for everyone. there are lot of experienced traders on this forum who can share their success stories here.


I am looking forward to reading a lot of these.

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