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Forex is profitable ?

gabemocan
Aug 10 2018 at 07:29
4 posts
@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! 😎

TeoJonas
Aug 20 2018 at 13:34
6 posts
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
Aug 22 2018 at 08:53
8 posts
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 (KurtSung)
Aug 22 2018 at 10:26
12 posts
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
Aug 22 2018 at 10:30
11 posts
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited

togr (togr)
Aug 23 2018 at 10:57
4862 posts
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 (Bohdan73)
Aug 23 2018 at 10:58
51 posts
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
Aug 23 2018 at 11:43
886 posts
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
Aug 23 2018 at 13:35
289 posts
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
Aug 23 2018 at 13:35
289 posts
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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