Can forex trading make you rich ?
Členem od Feb 22, 2011
4862 příspěvků
May 14, 2018 at 13:36
DukeMark posted:
It can but it's not easy as what you are thinking. You're asking like the level of 'Can you throw me that iPhone X?'. And if I catch, it belongs to me, and if I fail, I'll pay you.
You must have skill in catching, but it's not only hands (trading) that are involved, you have foots to run quickly (catching the live news, technical skills and good strategy) to where the phone is reaching from the air. You have to keep watching to catch it. Otherwise, lucky chance is that that phone was fallen to your shirt pocket. hehe
I know it's not accurate figurative, but 70% enough I can say. 😀
It is not bad :) You need to have skills, be flexible and fast and bit of luck.
Členem od May 15, 2018
12 příspěvků
May 15, 2018 at 11:51
There seem to be so few traders who actually make money though. I feel that if it were really possible then there would be many (genuine) success stories all over FX forums etc
Členem od Nov 27, 2013
2 příspěvků
May 16, 2018 at 06:15
I make good money, although it's been a hard road - 14 years trading. best year was over 1400% worst was a 70% loss from the highs.
These days i'm happy to potter around with 30% a month and trade very conservatively. I made good money in forex, but most of my wealth came from elsewhere.
anyway, just thought i'd say hello :) bored at 2am here :)
These days i'm happy to potter around with 30% a month and trade very conservatively. I made good money in forex, but most of my wealth came from elsewhere.
anyway, just thought i'd say hello :) bored at 2am here :)
you don't know what you don't know
Členem od Feb 12, 2016
427 příspěvků
May 17, 2018 at 09:33
@Soultrader: 30% a month sounds not bad at all for such a new trader like me :) Hello !
Accept the loss as experience
Členem od Sep 12, 2015
1948 příspěvků
May 17, 2018 at 12:31
There are some nice prizes to win on Dukascopy, it wont make you rich but still nice to win.
"They mistook leverage with genius".
Členem od Feb 22, 2011
4862 příspěvků
May 17, 2018 at 12:51
Straycat posted:
There seem to be so few traders who actually make money though. I feel that if it were really possible then there would be many (genuine) success stories all over FX forums etc
Stories are not important.
Verified profitable accounts on MFB are.
Členem od Jan 25, 2010
1360 příspěvků
May 20, 2018 at 10:24
(Upravené May 20, 2018 at 10:24)
Mark Shawzin:
https://thepatterntrader.com/the-pattern-trader-bundle-35/
Out of the 241 trades, 16 of them were responsible for ALL of the profit.
Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever.
I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year.
And then... boom! They let their winners run and they wipe out all of their losses.
It is how trading works.
https://thepatterntrader.com/the-pattern-trader-bundle-35/
Členem od Jan 25, 2010
1360 příspěvků
May 20, 2018 at 10:28
togr posted:...much more time and money than learning to trade and winning.Orangotang posted:Winning lottery usually require a lot of time and money:)
well put there is no shortcut to success anywhere except maybe winning the lottery
Your chance of winning lottery is essentially non-existent:
https://www.independent.co.uk/news/uk/home-news/11-things-that-are-more-likely-than-winning-the-lottery-a6798856.html
Členem od May 18, 2018
2 příspěvků
May 21, 2018 at 07:11
I hope so....
Členem od May 10, 2018
22 příspěvků
May 25, 2018 at 12:59
Yes, i have seen few people around me who have made millions from the Forex market. Even people left their full time job for the Forex trading.
Členem od Aug 11, 2017
886 příspěvků
May 26, 2018 at 10:41
I always consider Forex as like an ocean , I don’t think so any courses can make anyone knowledgeable, it’s my own experience. I have passed so many times in pips school courses and others but honestly speaking acquired not enough something. Any courses can be valueless paid or free until ensure a regular practice session in demo or micro. It’s a real Forex courses.
forex_trader_202857
Členem od Aug 07, 2014
129 příspěvků
May 27, 2018 at 06:10
Yes, if :
+ Thirsty to learn.
+ Trading is something beyond BUY/SELL for you.
+ You have an idea what you want and you have a specific target for your trading.
+ Acceptable Risk/reward plan, how much you risk to earn how much profit.
+ Patient in trading.
+ You are not greedy.
+ You are regular.
+ Thirsty to learn.
+ Trading is something beyond BUY/SELL for you.
+ You have an idea what you want and you have a specific target for your trading.
+ Acceptable Risk/reward plan, how much you risk to earn how much profit.
+ Patient in trading.
+ You are not greedy.
+ You are regular.
Členem od Feb 22, 2011
4862 příspěvků
May 27, 2018 at 06:10
emily_smith posted:
Yes, i have seen few people around me who have made millions from the Forex market. Even people left their full time job for the Forex trading.
Yeah it does happen:)
Členem od Feb 17, 2018
8 příspěvků
May 27, 2018 at 06:22
no... anything you do well will make you rich.. football, basketball, games... coding...
Členem od Aug 27, 2017
994 příspěvků
May 27, 2018 at 07:08
Mohammadi posted:
I always consider Forex as like an ocean , I don’t think so any courses can make anyone knowledgeable, it’s my own experience. I have passed so many times in pips school courses and others but honestly speaking acquired not enough something. Any courses can be valueless paid or free until ensure a regular practice session in demo or micro. It’s a real Forex courses.
I agree with your opinion, we have to spend enough sessions on the trading chart. I see, few traders are till successful although they are using very simple trading systems like EMA crossover. So, practice makes perfect.
Členem od Jan 25, 2010
1360 příspěvků
May 27, 2018 at 21:44
(Upravené May 27, 2018 at 21:48)
Trading is a game of probability: simply stack the odds in your favor...
+ have patience
+ have consistency
+ take acceptable risk
+ have patience
+ have consistency
+ take acceptable risk
Členem od May 30, 2018
12 příspěvků
Jun 06, 2018 at 06:55
Yes and no. It will depend on how well you trade, your experience, forex knowledge, strategies, risk appetite, persistence, alertness, etc.
Členem od Jan 25, 2010
1360 příspěvků
Jun 06, 2018 at 07:35
(Upravené Jun 06, 2018 at 07:36)
oliviapeters posted:
Yes and no. It will depend on how well you trade, your experience, forex knowledge, strategies, risk appetite, persistence, alertness, etc.
Manual trading would require all those elements.
Automatic trading eliminates:
> 'how well you trade'
> 'your experience'
> 'forex knowledge'
> 'strategy'
> 'persistence'
> 'alertness'
> 'etc.'
Get the right system working on auto-pilot and you don't need all those things.
'Risk appetite' would still apply though.
Členem od Feb 22, 2011
4862 příspěvků
Jun 06, 2018 at 08:37
oliviapeters posted:
Yes and no. It will depend on how well you trade, your experience, forex knowledge, strategies, risk appetite, persistence, alertness, etc.
and bit of luck :)
forex_trader_438357
Členem od Jun 19, 2017
28 příspěvků
Jun 06, 2018 at 08:43
I like automatic/manual stategy. You have your plan but every strategy couldn't work with only manual trading
