Forex is profitable ?
Member Since Mar 11, 2019
10 posts
Mar 12, 2019 at 08:00
ermas1 posted:
Yes it is profitable ... at least for me :-)
A few years of research and work led to some really gratifying results in autotrading.
You can decide to have income or growth (to have both is a bit of a challenge).
Check my results to see it for yourself.
I'm not selling my robots, but I'm open to collaborations.
What do you mean when you say 'You can decide to have income or growth (to have both is a bit of a challenge).' ? I thought that if you are profitable then you can have both. Please explain
Mar 12, 2019 at 15:09
Admoni posted:This is a fact, I too have discovered that its rewarding to allocate time for other aspects of trading and also focusing on other ways to make money, when I started working on building an archive for eBooks, trading systems and I began to spend more time on the project rather than taking trades, as a result; the bad habit of over trading faded away. An end to my over trading habit changed the way I feel about the market.
Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.
3470979@
Member Since Aug 27, 2017
994 posts
Mar 12, 2019 at 15:16
Q_FxTrader posted:
Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.
You are right; it’s called good skilled FX traders; they are able to make consistent result; although 100% success ratio is not possible here.
Mar 13, 2019 at 07:34
FaridAnwer posted:ermas1 posted:
Yes it is profitable ... at least for me :-)
A few years of research and work led to some really gratifying results in autotrading.
You can decide to have income or growth (to have both is a bit of a challenge).
Check my results to see it for yourself.
I'm not selling my robots, but I'm open to collaborations.
What do you mean when you say 'You can decide to have income or growth (to have both is a bit of a challenge).' ? I thought that if you are profitable then you can have both. Please explain
Easy:
1 - If you go for income it means that you withdraw your profits regularly, leaving your balance more or less always the same.
2 - If you go for growth you leave your profits in to grow the balance.
You could take half the profits out, say monthly, and leave the rest in the balance, but you really get very little of both, unless you're so good that make tons every week :-)
forex_trader_688163
Member Since Feb 28, 2019
140 posts
Mar 13, 2019 at 07:46
based on my experienced:
1. too much trade (overtrade) may wipe out your account easier.
2. eager to grow in a faster way.
3. want fast money
All of these make traders loss. Even some traders said that SL is really important, but they can't prove by showing the record to the public, that they are profitable by using SL.
I agreed with most of Pro-Trader said, Money Management is the key to success.
1. too much trade (overtrade) may wipe out your account easier.
2. eager to grow in a faster way.
3. want fast money
All of these make traders loss. Even some traders said that SL is really important, but they can't prove by showing the record to the public, that they are profitable by using SL.
I agreed with most of Pro-Trader said, Money Management is the key to success.
forex_trader_565984
Member Since Oct 08, 2018
144 posts
Mar 13, 2019 at 08:13
Nasrul_Swing posted:Correct..
based on my experienced:
1. too much trade (overtrade) may wipe out your account easier.
2. eager to grow in a faster way.
3. want fast money
All of these make traders loss. Even some traders said that SL is really important, but they can't prove by showing the record to the public, that they are profitable by using SL.
I agreed with most of Pro-Trader said, Money Management is the key to success.
If beginners can simply reduce the number of trades they take per day or week and take only high probability trades,then it can help a lot to improve the performance. But usually traders have the feeling of fear of missing out a trade and make wrong trading decisions and wrong entries.
Mar 15, 2019 at 09:50
Adribaasmet posted:Actually, there are no business with 100% success ratio. Even a bank deposit includes some risks. I suppose, taking into account an average profitability of a professional trader, it will cover any risks and losses, making the success ratio is more than 50%.Q_FxTrader posted:
Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.
You are right; it’s called good skilled FX traders; they are able to make consistent result; although 100% success ratio is not possible here.
my experience is my profit
Mar 19, 2019 at 06:54
If you can earn profit with consistency daily 5 pips, with certainly you will get rich from this trading place. so many traders earn 10 pips or more in a day from here but not consistent they are at all. the main deal is a consistent in this topic.
Apr 28, 2019 at 12:00
Imamul posted:
If you can earn profit with consistency daily 5 pips, with certainly you will get rich from this trading place. so many traders earn 10 pips or more in a day from here but not consistent they are at all. the main deal is a consistent in this topic.
Of course Imamul; you are on the right trend! Here consistency is the key! You may notice, pro traders mainly focus on consistency instead of the amount.
Member Since Aug 27, 2017
994 posts
Apr 30, 2019 at 13:28
AmDiab posted:Imamul posted:
If you can earn profit with consistency daily 5 pips, with certainly you will get rich from this trading place. so many traders earn 10 pips or more in a day from here but not consistent they are at all. the main deal is a consistent in this topic.
Of course Imamul; you are on the right trend! Here consistency is the key! You may notice, pro traders mainly focus on consistency instead of the amount.
Good point; focus on the $ is a problem; it makes mental pressure! Besides, we traders need to focus on the process.
Member Since Jul 18, 2017
11 posts
May 02, 2019 at 07:34
AmDiab posted:
Here consistency is the key! You may notice, pro traders mainly focus on consistency instead of the amount.
Absolutely, consistency first. The amount will take care of itself in due course as compounding kicks in. Speaking from experience
We are what we repeatedly do. Excellence, then, is not an act, but a habit. - Aristotle
May 02, 2019 at 07:46
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Member Since May 06, 2019
1 posts
May 06, 2019 at 11:53
Yes, of course, Forex trading is profitable! But to make a profit in Forex trading a trader must have knowledge and experience in this market!!! And definitely, a good Forex broker is also the reason behind trader success in Forex trading.
Member Since Apr 23, 2019
5 posts
May 07, 2019 at 06:58
Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding. Start trading for a skill instead of a profit, and in time, the profits should come with the skill.
Member Since Sep 11, 2018
2 posts
May 07, 2019 at 07:50
If someone is thinking forex trading will make you rich and its a quick scheme or If you people are influenced by instagram post then never come and do start forex trading, forex trading requires patience and proper strategy
Member Since Feb 07, 2019
34 posts
May 07, 2019 at 10:53
Forex is amazing, but yes don't be fooled into thinking it is easy.
