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Forex is profitable ?

Imamul
Oct 23 2019 at 15:53
706 posts
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  
AniLorak
Oct 27 2019 at 16:13
920 posts
Imamul posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

Basically, trading strategy plays the key role here! With a good trading strategy the journey will be very smooth; otherwise no way!
jamesgwyther
Oct 28 2019 at 09:25
289 posts
Strategy and risk management is everything.
Adribaasmet
Oct 28 2019 at 14:19
994 posts
jamesgwyther posted:
Strategy and risk management is everything.

Well said; really strategy is the key point! Without having a proper trading strategy the profit will be an illusion!
Jack Smith (GlobalScalper)
Oct 28 2019 at 19:05
57 posts
Simply No, The BIG Nooooooooo
Professional4X
Oct 28 2019 at 21:51
1189 posts
GlobalScalper posted:
Simply No, The BIG Nooooooooo

If an investor is not profitable, it's generally due to ignoring the basic rules of Risk Management.

Don't over trade.
Cut your losses.
Run your winners.
Use reasonable TP and reaonable SL price targets.
Trade high probability setups only.
Use automation where possible.
Use a profitable strategy which does not violate the risk management rules.
Trade with 100% ZERO emotions.

A high probability setup may occur once a day, multiple times a day, once a week, once a month, or even longer times between appearance of the setup.

NEVER trade just to trade in the markets. TRADE ONLY when it's going to be a high chance of profits.

Look at your trading history and review your bad trades and determine WHY the trade was bad and determine why you thought they were going to be good. Figure out WHY it happened, and adjust your understanding of the markets accordingly, then create a new risk management rule for future reference so you can learn from this.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
AniLorak
Oct 29 2019 at 06:44
920 posts
GlobalScalper posted:
Simply No, The BIG Nooooooooo

Basically it depends; but no doubt, with an ordinary trading skill; it’s really impossible to make money! Success is all about the trading knowledge in Forex.
amsoc
Oct 30 2019 at 16:48
5 posts
buy low 'n sell high on up trend
sell high 'n buy low on down trend
low leverage


Buy cable now 'n sell 2040.


VirgoG
Oct 31 2019 at 06:07
17 posts
To be profitable in forex, one has to be very active on the news and know how market reacts to it. basically have a good experience. i think, to be steadily profitable, it takes almost 1-1.5 years of experience in the live market.
Roberto21
Nov 01 2019 at 03:43
364 posts
Fx is a profitable profession not just an addiction , its also a passion , we lose from here again and again , at last come back after that not quit completely at all.
traderroni
Nov 07 2019 at 08:12
37 posts
Yaa thats true! Even after some failures we stick to it because we know that with the right strategies and best effort we can make huge money from it. So yes fox trading is definitely profitable.
steveday1976
Nov 07 2019 at 15:50
57 posts
It is profitable for some, it takes lots of time and patience.
Timothe Bouchard (ratou11)
Nov 08 2019 at 02:03
43 posts
Forex is profitable, but it will take years for you to find the right strategy.
steveday1976
Nov 10 2019 at 09:41
57 posts
ratou11 posted:
Forex is profitable, but it will take years for you to find the right strategy.
yes this is why it is important to use demo account to test these out.
LCE SYSTEM (andrewliau)
Nov 10 2019 at 15:02
17 posts
U need a patient and wait... And practice make it prefect
Sta (fletas)
Nov 10 2019 at 19:52
1 posts

If you just think about profit, you are a failure. Think of the process itself.
Timothe Bouchard (ratou11)
Nov 10 2019 at 22:49
43 posts
fletas posted:

If you just think about profit, you are a failure. Think of the process itself.
That's a bit of a funny statement. Of course you shouldn't be thinking about 'quick profit'. But the ultimate goal of any strategy is to make profits lol..
LCE SYSTEM (andrewliau)
Nov 13 2019 at 05:47
17 posts
yes with correct mm u will profit on forex
Elanbani
Nov 13 2019 at 09:28
19 posts
steveday1976 posted:
It is profitable for some, it takes lots of time and patience.
yes you have to be really patient and eager to learn to become successful in the forex.
Professional4X
Nov 13 2019 at 10:04
1189 posts
andrewliau posted:
U need a patient and wait... And practice make it prefect

And focus on Risk Management as the number one priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
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