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Forex is profitable ?

Tim007 (Tim007)
Oct 18 2019 at 09:08
9 posts
Kamrul12063 posted:
Tim007 posted:
I do not want you to show me thousands of loser traders. It is not difficult to find them.


Right on... and it's difficult to find one profitable Forex trader


The post was amended by administrators, as I am not allowed to promote other trades. You have to be patient. Just look at other registered people profiles on this site and you might find the answers.

amsoc
Oct 18 2019 at 09:56
5 posts
Boh...for me is very hard find a edge. Boh…

togr (togr)
Oct 18 2019 at 10:15
4862 posts
Kamrul12063 posted:
vontogr posted:
So what do you think distinguish profitable trader and loser?


Certainly you know better

I think I know that
But learning from others is important part of being successfull

Mohammadi
Oct 21 2019 at 02:48
886 posts
in order to me, anyone can be profitable trader , its not a bid deal , the main issue is to keep continue the same profit ratio.

Professional4X
Oct 21 2019 at 22:32
1189 posts
amsoc posted:
Boh...for me is very hard find a edge. Boh…


RULE #1 RISK MANAGEMENT

Trade smaller sizes,
trade less often, avoid over trading,
trade without emotion,
use automation where possible and reasonable,
trade high probability set ups,
use reasonable and realistic take profit targets,
use reasonable and realistic stop loss targets,
use a profitable trading strategy,
kill losing trades,
hold winning trades until they hit your TP
use proper financial planning
protect your investment and assets at all cost

What instrument you trade is IRRELEVANT (currency pair, stock, bond, whatever)

Diversify investment capital.

When an investment account is blown, there is ultimately only one person responsible for it. The Investor...

Not the broker, not the markets, not the currency pair.

So I'll say this yet again....

If there is a massive loss of capital (blown account, etc...), ultimately the responsibility for the problem is the Investor.
Regardless of the event that caused a blown account, the fact that account is blown should be all the information anyone needs to know.

If risk is managed properly, even a catastrophic market event can be protected against, or at least the impact can be limited to an accepted level.

These are just my opinions of how I personally trade, but I think they would be reasonable to most people if considered.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
AniLorak
Oct 22 2019 at 07:40
920 posts
Mohammadi posted:
in order to me, anyone can be profitable trader , its not a bid deal , the main issue is to keep continue the same profit ratio.


Basically, only good skilled traders are able to make decent profit in a long run; with an ordinary trading skill; consistency will be an illusion.

togr (togr)
Oct 22 2019 at 09:50
4862 posts
Forex is always profitable. But not necessarilly for you.
Think about it, if you have losing trade, is there counterparty(ies) who make(s) profit.
Indeed there are
 - somebody who trades opposite to you
 - your broker always make money when you trade. Fair broker does no play against you. But there are many that profit when you lose
- I am sure there are more parties making profit when you lose

AlexLabro (AlexLabro)
Oct 22 2019 at 10:42
13 posts
togr posted:
Kamrul12063 posted:
vontogr posted:
So what do you think distinguish profitable trader and loser?


Certainly you know better

I think I know that
But learning from others is important part of being successfull


You are absolutely right. But what do you think about instability of market behavior?
Some books and strategies that worked previously may not work in current market conditions.

Tim007 (Tim007)
Oct 22 2019 at 11:22
9 posts
AniLorak posted:
Mohammadi posted:
in order to me, anyone can be profitable trader , its not a bid deal , the main issue is to keep continue the same profit ratio.


Basically, only good skilled traders are able to make decent profit in a long run; with an ordinary trading skill; consistency will be an illusion.


You do not need much skills. All you need is a good strategy, money management skills and patients.
The brokers are crucially important because if you trade OTC (Over Counter Trading) you sell to them. And even if you are in profit the broker wants to buy from you as cheaply as possible so your job is not to let them buy for peanuts. Always have several brokers if you are serious in trading.
Consistency is not an illusion it is a reality. 15 Year on raw and keep counting.

togr (togr)
Oct 23 2019 at 11:12
4862 posts
AlexLabro posted:
togr posted:
Kamrul12063 posted:
vontogr posted:
So what do you think distinguish profitable trader and loser?


Certainly you know better

I think I know that
But learning from others is important part of being successfull


You are absolutely right. But what do you think about instability of market behavior?
Some books and strategies that worked previously may not work in current market conditions.


Everything is going in cycles. There have always been various events moving markets a lot and periods of small volatility. I haven't updated a single line of code of my strategy for years and it is working well.

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