To use chat, please login.
Back to contacts

Successful trading

Professional4X
Oct 18 2019 at 20:26
1189 posts
Kamrul12063 posted:
Successful Forex trader doesn't exist 😲


Generating a consistent, low risk ROI of $100,000.00 or more per year from trading Forex is successful isn't it?

If an investor has $400,000.00 US in a well diversified portfolio and it generates an aggregate flat ROI of 25% annually, that works out to $100,000.00 US per year.

Even in expensive cities like New York or Tokyo a person can live a very comfortable lifestyle on $100,000.00 US per year.

If a person budgets their money correctly, and they don't really have any unmet financial needs as per their level of income, then I would most certainly say they are successful. If a person can't live on approximately $8000.00 US per month income, then it isn't a problem with Forex, but rather it's a problem with the person who lacks reasonable financial planning.

To state that successful Forex traders don't exist is absurd.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mohammadi
Oct 24 2019 at 09:33
886 posts
success can be an easy task , if you have enough capital and you know how to manage money. that's all

peter_fx
Oct 24 2019 at 09:49
21 posts
MBFr_Group posted:

Humans consistently under perform because they have emotional interference. Algo trading formalizes your strategy upfront and sets clear boundaries on your risk exposure


Agreed, but don’t you think that’s highly techno dependent. One short glitch and the entire strategy is ruined.

Professional4X
Oct 24 2019 at 10:35
1189 posts
peter_fx posted:
MBFr_Group posted:

Humans consistently under perform because they have emotional interference. Algo trading formalizes your strategy upfront and sets clear boundaries on your risk exposure


Agreed, but don’t you think that’s highly techno dependent. One short glitch and the entire strategy is ruined.


Technical Analysis alone isn't enough.
Fundamentals are equally important.

The most important rule is Risk Management.

If the investment assets aren't protected above everything else, then there is a greater chance of blowing the account with massive losses.

 

If it looks too good to be true, it's probably a scam! Let the buyer beware.
flashoutline
Oct 25 2019 at 10:08
11 posts
I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades

AmDiab
Oct 26 2019 at 10:37
718 posts
flashoutline posted:
I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades


Don’t expect proper instructions from your broker; they only provide basic level of guideline!

Garil
Jan 30 2020 at 18:02
24 posts
Most sucess people do achieve with something like for example stocks, lately I am completely dissapointed with FX market and want to try usual stocks, as for me it's much stable thing anyway for many possible reasons out there - I do not see that.

Jonny87
Jan 31 2020 at 06:47
34 posts
To become a trader is easy but to become a successful trader is tough. If you want to become a successful trader, you need patience, desire, luck and most importantly a bunch of knowledge about forex. You need to take right decision on right time. You also need a support while trading in the market.

Johannes92563 (Johannes92563)
Feb 26 2020 at 11:22
12 posts
Imamul posted:
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

I agree with you

CirillaCosta
Aug 21 2020 at 08:35
34 posts
If you want to do successful trading in the forex market, you have to get all the knowledge and process of the market. On the other hand, you need to make a profitable plan to make money from this market.

Please login to comment .