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profits in forex trading

Davidfx89
Jul 11 2021 at 11:05
183 posts
profit is an inevitable part of trading's but first of all we the traders have to make sure how to take losses easily. otherwise no way to bring profit for all time.
FxMoring
Jul 11 2021 at 14:06
4 posts
CraigMcG2020
Jul 11 2021 at 15:13
399 posts
For sure i agree with above most dont get to the profit stage as they dont handle losses well
Suradi (FXOday)
Jul 11 2021 at 20:38
395 posts
All traders wants to make profit in every day trading, but not all trader able to making profit, because risk also as part in trading, how to making profit in trading required good trading sill in determine entry and exit point, trader can get the best time to entry and exit
mab8
Jul 12 2021 at 12:13
41 posts
I am still a beginner, but till now I have managed to get a good grasp at least that is how I feel. Profits are not the only goal, I believe you need time and experience first and in time profits can be made too. I prefer to take things rather slowly so as to learn a bit first and then hopefully trades will be better and more successful.
teadragon1
Jul 12 2021 at 12:21
9 posts
With experience and time the profits will eventually come. Too much focus on profit immediately will just result in over trading
Marcel Durham (MarcellusLux)
Jul 12 2021 at 12:31
191 posts
As long as your trading strategy does not generate a constant income, you should not consider you are a forex trader or any other trader.
Suradi (FXOday)
Jul 12 2021 at 22:56
395 posts
If trader still not yet achieved their goal, the good motivation is don't give up, still many opportunities to make money through forex trading, if not yet ready in real trading account using a demo account, or micro account for low-risk trading
Hrenz
Jul 13 2021 at 06:11
38 posts
Those who do not give up become professionals and profitable in this area, he continues to act and work, no matter what.
ZXSPECTRUMQBASIC
Jul 13 2021 at 08:05
3 posts
Hey!
There will be consistent profits when you trade moderately with little risk.
FedericoLin (FedericoLin)
Jul 16 2021 at 10:31
20 posts
ZXSPECTRUMQBASIC posted:
Hey!
There will be consistent profits when you trade moderately with little risk.

I think the fundamental thing is to have a strategy that can work for you, risk management is fine but strategy with psychology are fundamental
Experience is the hardest teacher because she gives the test first, the lesson afterward.
mab8
Jul 16 2021 at 12:07
41 posts
UweMoench posted:
Trading forex is complex and requires a level of patience that is off the charts if you want to be extremely successful. When you first start trading, the amount of patience required is beyond most people's understanding. You can't gain that level of patience unless you have experience. You can have all the trading talent in the world, but w/o experience you are at a disadvantage to a more experienced trader.

At first it may seem hard and you may not be sure what is going on and if you are in the right. However over time you will be able to gain experience and learn. The more you trade and the more you read and research, the better you will get. Patience, as others said is important. And so is a willingness to learn and keep working to better understand the market, trends, and also evaluate risks wisely.
UweMoench
Jul 31 2021 at 11:23
751 posts
Making profit in forex trading is not an easy job. It is one of the difficult jobs in the world. It is easy to make some profitable trades here and there. But consistency is not easy.
oshaban (oshaban)
Aug 01 2021 at 17:25
190 posts
You are right to some point.
Greed, fear, lack of knowledge, broker issues, knowing your broker terms like margin and equity, market conditions, understand the currency pair your are trading, ... etc...
all these are playing in your side or against you sometimes.
The bottom line, you need to build an experience in trading and knowing every thing about your broker and account.

for example, please look to this account ...
I didn't reached this profit easily. First of all, I picked the tight Gold spread broker, highest leverage, but leverage drop down if exceed than $5000. So, once I reach something about $4500 I withdraw about $1500 to let trade with minimum equity for this account type.
Keep an eye most of the time on the expert advisor because the broker reduce the leverage before RED news by 15 minutes and back to normal after 15 minutes,
Also, leverage is reduced to 1:200 at the last 3 hours before market close then back after 2 hours of the market open.
You need to know about Gold. When it is more active and good for scalping, and when it is inactive to have a rest.
I accumulate the profit in new account(s) ... Once a new account has an equity of $3000 or more, I start trading on it by using local signal copier (EA). So, at this time, the profit is multiplied by 2, then later by 3 then 4 and so on.

Having such ideas to make your work go in parallel with the broker requirements and knowing how to trade is the best guarantee to make profit for the long run ...

Good luck to all...
... oshaban ... skype: oshaban27 ...
Imamul
Aug 02 2021 at 08:43
740 posts
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
Tradelist45
Aug 02 2021 at 09:10
283 posts
profit in Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
AndrewMcCalam54
Aug 02 2021 at 09:51
132 posts
profit is a tough game in Forex trading , for that traders should make sure good knowledge with a reliable support from a credible trading broker.
Imamul
Aug 03 2021 at 08:44
740 posts
The traders who are particularly newcomer can lern Fx from lots of sources that available right now. But in order to my trading experience I think Pips school is more appropriate which always all important trading tips with essential terms and condition which is really supportive for the newbie.
Reece Rispoli (reece22)
Aug 03 2021 at 11:26
70 posts
there are tons of free content out there to help start your journey but mentors are there for a reason, to help you each day with knowledge.
Akasuki
Aug 03 2021 at 16:23
599 posts
@reece22 Yes mentor can be play an important but finding a good and reliable mentor is not an easy. Many people claim themselves to be mentor.
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