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How do you determine when to withdraw funds/profits / what do you spend it on?

fxdimarion
Nov 17 2014 at 08:10
46 posts
Hey guys I've been trading for several years, I have not been profitable and have seen consistent loses but I see myself maturing and

my expectations becoming more and more realistic every time I come back to the table. I have not lost any love for this game called

FOREX Trading.

I always find myself wondering, if I am realizing consistent profits when should I withdraw profits and what I would spend it on. Just

wanted to get an idea of what successful forex traders do with their profits when realizing consistent returns.

Forex is about the journey not the destination...
expert2trade
Nov 17 2014 at 11:29
37 posts
Its always better to withdraw the profits on a monthly basis. Better to play on with the initial capital after withdrawing the profit!

Yes! with the right skill....its possible to make 40% a day in Forex.
fxdimarion
Nov 17 2014 at 12:18
46 posts
expert2trade posted:
Its always better to withdraw the profits on a monthly basis. Better to play on with the initial capital after withdrawing the profit!


Good stuff!

Forex is about the journey not the destination...
Chistopher Robin (ChrisMuzhik)
Nov 17 2014 at 13:10
65 posts
Don't have some exact date for withdrawal, earn some amount and withdraw (3-4 times a year). Spend on myself, girls, drinks, cars 😀

There can't be enough money
fxdimarion
Nov 17 2014 at 15:32
46 posts
ChrisMuzhik posted:
Don't have some exact date for withdrawal, earn some amount and withdraw (3-4 times a year). Spend on myself, girls, drinks, cars 😀


Lol.. you trade full time or part time?

Forex is about the journey not the destination...
Festus (emperorfestus)
Nov 27 2014 at 08:06
5 posts
Firstly,
after some successful good trades and you have realized your initial deposit.
You could withdraw it and start up a small business with a level of consistent income.
And the the remaining in your account, you would have ease of mind to trade freely,
then more profit, you spend on the necessity, you should have some responsibility and obligations to fulfill with cash.
When Hope i could help?

Drumin
Nov 28 2014 at 12:19
1 posts
Hi guys I am new to this site. Funny I stumbled across this page... because I have been trading for 6 years and started making a little profit two years ago.
Now I am trading along with my EAs and the profit is now increasing.
I have decided to withdraw half of my profit every month so I can still benefit from compounding.
I just started it on my live acc. '...thumbs crossed'.

Burdy
Dec 09 2014 at 12:13
3 posts
Hi to all)
I'm withdrawing my profit only when I feel that I need cash. Usually I'm withdrawing about 6-7K. Not often, once a month - once in two months.

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