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Forex is profitable ?

Nov 10, 2017 at 11:03
14,131 Views
406 Replies
Member Since Dec 28, 2013   171 posts
Jan 24, 2019 at 20:40
BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

Moving averages work only in trending market condition. Mostly, the market is not trending :)
Member Since Feb 22, 2011   4862 posts
Jan 25, 2019 at 07:30
BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

Nope.

There are other way how to analyse market than only Price Action and Volume Spread Analysis
Member Since Nov 28, 2016   14 posts
Jan 25, 2019 at 09:16
oshaban posted:
AmDiab posted:
oshaban posted:
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.

Wow; inspirational story! By the way, how many years it took to be a consistent player here?

I'm in forex since mid 2003 :(

Awesome, I just saw The Oshaban is on myfxbook. Your Wise man and Legendary trader!
Member Since Sep 19, 2018   6 posts
Jan 25, 2019 at 09:40
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.







Member Since Apr 18, 2017   920 posts
Jan 26, 2019 at 12:33
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.








So, if you are unable to make money here; that means; you need to learn more. All the best.
Member Since Jan 25, 2019   11 posts
Jan 27, 2019 at 09:27
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.



Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now
Member Since Sep 19, 2018   6 posts
Jan 28, 2019 at 08:28


Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now
I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.




nasrul_poyo
forex_trader_458816
Member Since Sep 11, 2017   124 posts
Jan 28, 2019 at 09:28
BenTrader posted:


Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now
I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.





Maybe you should start analysis with big timeframe.
Member Since Dec 20, 2018   7 posts
Jan 29, 2019 at 07:25
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames
Member Since Dec 28, 2013   171 posts
Jan 29, 2019 at 07:45
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

I vote for 1H, and I try to make my decisions based on that. I also use shorter time frames for estimating entries and exits, longer for support & resistance level analysis. I never have been using 1M and hardly ever 5M profitably. I think the shortest time frames are too expensive for a retail trader who is using a market making broker.

I think 1H is just ok. One can trade both long term and short term with it.
Member Since Aug 27, 2017   994 posts
Jan 29, 2019 at 12:56
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

No; h1 is not known as the longer time frame; H4 & above are known as longer time frames.
Member Since Jan 31, 2019   16 posts
Jan 31, 2019 at 12:26
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

Time Frames up to H1 is a short and medium tf for scalp, day and swing trading. h4 and more is about fundamental, I suppose, but technicals can use it to see the general movements.
The AI is the future.
Member Since Sep 19, 2018   6 posts
Feb 01, 2019 at 10:16
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )

Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.

But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.

I don't use H4 at all.





Member Since Feb 01, 2019   10 posts
Feb 03, 2019 at 07:26
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4
Member Since Apr 18, 2017   920 posts
Feb 03, 2019 at 08:16
BenTrader posted:
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )

Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.

But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.

I don't use H4 at all.






Agree with your opinion on the lower time frames! Yes, no doubt H1 is a good choice but H4 is the key to the long term traders.
Member Since Jan 25, 2010   1360 posts
Feb 05, 2019 at 07:43
95% of traders lose because they don't trade correctly
Member Since Jan 25, 2010   1360 posts
Feb 05, 2019 at 09:52
Where's the video gone??


Member Since Jan 25, 2010   1360 posts
Feb 05, 2019 at 09:52
Joseph Nemeth has a lot to say on this subject.
Member Since Feb 05, 2019   43 posts
Feb 05, 2019 at 11:13
forex should be considered as a job for everyday and should not be considered as fast money and gambling.
my experience is my profit
Member Since Sep 19, 2018   6 posts
Feb 07, 2019 at 13:03
Yep, Traders who lose money don't trade correctly.

Trading is simple when you understand a few basic things.



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