Forex is profitable ?

Nov 10, 2017 at 11:03
15,793 Views
406 Replies
Member Since Aug 21, 2018   11 posts
Aug 28, 2018 at 10:15
Even if you have studied hard, that is no guarantee of success. Almost everyone fail here at fx
Member Since Aug 27, 2018   4 posts
Aug 28, 2018 at 12:10
There are many winners bro, if you got the right rules and research
To make as much Pips as possible
Member Since Jul 10, 2014   1117 posts
Aug 28, 2018 at 17:09
Forex can be quite profitable, if you have a good strategy and you're willing and able to follow it closely.
Member Since Aug 21, 2018   12 posts
Aug 29, 2018 at 06:55
EddyEdgardo posted:
Even if you have studied hard, that is no guarantee of success. Almost everyone fail here at fx

Totally agree! We study hard, and we are just trying to make our ' possibility ' of earning profits more and more.
About possibility, it represents ' risk '. When it happens, it just happened, no matter how many possibilities it showed you before.
Discipline rules, not emotions.
Member Since Aug 29, 2018   6 posts
Aug 29, 2018 at 07:01
Smart people know how to make everything profitable, be it forex trading or anything else!😎
Member Since Aug 09, 2018   10 posts
Aug 29, 2018 at 09:00
Forex is profitable but not for everyone. Majority of traders suffer huge losses in forex.
Member Since Aug 16, 2018   11 posts
Aug 29, 2018 at 10:45
Forex is profitable for those who are passionate in trading and they indeed manage A to Z in their trading life. Else time, effort and money are wasted for those who take Forex as 'Richer machine' (never realizing that it's poverty machine for them).
Passion matters the most.
Member Since Dec 31, 2017   5 posts
Aug 29, 2018 at 11:54
On my opinion, 2 factors have to be fully complied to be successful in trading:

1- FLY LOW: personally, I don't gain much with Forex (on current month of August I'm in pair) but I currently do not expect fantastic outcomes from it, a monthly +5% should be the target to be hit to be happy - definitively not a daily +500%!

2-CONTROL YOUR EMOTIONS: place your order then... forget about it. Let it work, keep the gain or stop the loss.

I am aware that the above 2 points are easy to be told but difficult to be followed. Anyway, these are key factors I personally try to be stuck at.
Member Since Aug 29, 2018   10 posts
Aug 29, 2018 at 14:18
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures
Member Since Aug 19, 2013   24 posts
Aug 30, 2018 at 00:57
Why is it that traders are not saying anything about trading stocks on mt4.
There are few things I do not understand thou. Its how lot sizes and how pip value is calculated for stocks and indices, if it even called 'pip'. I dont even know where to start looking for this on the internet because there is not lo of websites talking about stocks and indices trading.
Member Since Aug 27, 2017   994 posts
Aug 30, 2018 at 06:44
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.
Member Since Apr 06, 2018   254 posts
Aug 30, 2018 at 07:06 (edited Aug 30, 2018 at 07:09)
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.
Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.
The market will trade through it’s path of least resistance .
Member Since Jul 26, 2018   3 posts
Aug 30, 2018 at 08:28
Forex trading can be profitable avenue for only those people who have the zeal inside them to work hard through out the day. I say this because your success in forex can be greatly impacted by the quality of your forex education. So need to spend adequate time and efforts there. Moreover you should be prepared for any setbacks and losses, both mentally and in terms of tackling them through effective strategies. Maintain a trading journal, don't indulge in revenge trading and most of all keep a balanced and grounded mind. It is important not just to make money but to keep it also
Member Since Aug 16, 2018   11 posts
Aug 30, 2018 at 14:03
LongVision posted:
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.
Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.

True, which is why compounding is awesome and is an 8th wonder of the world.
Member Since Aug 23, 2018   9 posts
Aug 31, 2018 at 07:16
Compounding is great but with a small account (<$500) it can still take a very long time to make any serious money
Member Since Jun 25, 2018   1 posts
Aug 31, 2018 at 07:23
It is profitable for institutional traders and 5-10 % of day traders.
Most people lose
Member Since Dec 31, 2017   5 posts
Aug 31, 2018 at 07:23
GreenTrades posted:
LongVision posted:
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.
Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.

True, which is why compounding is awesome and is an 8th wonder of the world.

Ok, let's add a 3rd point to my 2 above: CONSTANTLY WITHDRAW MONEY. Why leaving it there? Money in Forex is money at risk, each month can last one in profit. So, don't suppose you'll realize +10% every month and pick interests regularly, or at least a part of them.
Member Since Aug 31, 2018   13 posts
Aug 31, 2018 at 07:39
Though I'm new here, but I've been trading for years. I've heard enough that more risk produces more income. But it'd be best if you add it with the another perspective: No pain no gain. That's where I've been. Mixture of risk and pain is a real good teacher.
Member Since Aug 31, 2018   12 posts
Sep 02, 2018 at 06:13
Aren't we all in rush to make money!!!!
Member Since Aug 21, 2018   12 posts
Sep 03, 2018 at 07:02
MellinGainin posted:
GreenTrades posted:
LongVision posted:
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.
Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.

True, which is why compounding is awesome and is an 8th wonder of the world.

Ok, let's add a 3rd point to my 2 above: CONSTANTLY WITHDRAW MONEY. Why leaving it there? Money in Forex is money at risk, each month can last one in profit. So, don't suppose you'll realize +10% every month and pick interests regularly, or at least a part of them.


Please note that withdrawing money is also a method to avoid risk.

I heard there are some brokers would function normally at the beginning. Later, the problems would come out one after another, even they would try to hinder you from withdrawing. So it becomes that you earn money but you can't take it
Discipline rules, not emotions.
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