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Forex is profitable ?

Mohammadi
Oct 18 2018 at 13:44
886 příspěvků
For being a news trader, volatile market is my favorite; but till now I use FOMC and announcement type news events! On the other hand, trendy market is always favorite I don’t count the volatility on my current trades.

TeraPips
Oct 21 2018 at 07:11
19 příspěvků
Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start


Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.

estraub
Oct 25 2018 at 06:07
23 příspěvků
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.

jamesgwyther
Oct 25 2018 at 14:18
289 příspěvků
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.


Wise Words.

vontogr (togr)
Oct 26 2018 at 08:59
4862 příspěvků
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.


Trading is actually an exact science
Just compare so called tick data backtesting on mt4 and mt5 and you will see the difference

IssoFX (issofx)
Oct 26 2018 at 09:17
3 příspěvků
TeraPips posted:
Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start


Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.


its true..

Stay Hungry, Stay Foolish. -Steve Job
IssoFX (issofx)
Oct 26 2018 at 09:18
3 příspěvků
estraub posted:
That's the whole idea of BP's course - to give you a good foundation. Not to give you a winning strategy.
You have to figure that one for yourself. Trading is not an exact science and there are no 100% success recipes/strategies.
You just have to try and learn by doing. That's why the demo accounts are free.
Try, test, mend and do it all again until you have a consistently profitable strategy, then move on to live and try to recreate/repeat your success. If it doesn't work - go back and start again.


can't agree more...😎

Stay Hungry, Stay Foolish. -Steve Job
Penrose2000
Oct 28 2018 at 07:40
10 příspěvků
You can get a good foundation for free from babypips. Without a winning strategy you have nothing. Strategy is everything in Forex. I wouldn't pay $1 for anything that doesn't provide a winning strategy

Matt (BluePanther)
Oct 28 2018 at 08:52
1356 příspěvků
togr posted:
Trading is actually an exact science
Just compare so called tick data backtesting on mt4 and mt5 and you will see the difference


Trading is NOT an exact science. Please read this:
https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/

Happy trading! 😎

Matt (BluePanther)
Oct 28 2018 at 09:41
1356 příspěvků
You might also like to read this too:
https://dailypriceaction.com/articles/is-forex-trading-gambling

But forex can be a profitable venture if you 'get lucky'! 😎

AniLorak
Oct 28 2018 at 09:43
920 příspěvků
TeraPips posted:
Sevinj posted:
babypips is so good for newbie. everything is so simply explained. I am not sure if it can really give you everything to be profitable but is a great start


Babypips is undoubtedly great, but it's only for beginner. Once you finished your graduate, it won't make you have a profitable strategy. I'd say that graduated in pipsology is the beginning of trading life. You'll have to learn continually to make a consistent profitable.


Exactly, it is! Only BabyPips School is not enough here! But no doubt, for the beginners it’s really useful to start with.

Denis
Kalamo
Oct 28 2018 at 14:55
108 příspěvků
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.

Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.

jamesgwyther
Oct 28 2018 at 19:18
289 příspěvků
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.

Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.



Every trader should be wary of news. First thing I do each day is to check the news.

AniLorak
Oct 29 2018 at 08:10
920 příspěvků
jamesgwyther posted:
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.

Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.



Every trader should be wary of news. First thing I do each day is to check the news.


Well, no doubt news trading is challenging but not unplayable! Till now there have so many successful news trader in the market!

jamesgwyther
Oct 29 2018 at 08:12
289 příspěvků
AniLorak posted:
jamesgwyther posted:
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.

Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.



Every trader should be wary of news. First thing I do each day is to check the news.


Well, no doubt news trading is challenging but not unplayable! Till now there have so many successful news trader in the market!


Yes I agree some people can.
I mean, if you are doing normal trading, make sure you always keep an eye on the news.

AmDiab
Nov 27 2018 at 10:57
718 příspěvků
No way to avoid news event. Even, your major is trading tools or price action! Till now you to consider the news events.

Naim123
Nov 30 2018 at 11:08
3 příspěvků
On my opinion, you should start trade with demo account to understand how it works. If somebody have a good expirience in trading, you could start with a few dollars.

goyankees85
Nov 30 2018 at 11:29
118 příspěvků
Kalamo posted:
I haven't graduated from BabyPips (I never tried) but I don't know if they cover this aspect, beware of high impact news releases. There is money to make during the news releases but watch out for the spreads as some brokers widen them very badly.

Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.


 So what is your point? The reality is your little 1k investment, can grow to any amount. One needs to only focus on a system and devolping strict rules and never breaking them. Nothing is 100% perfect, but you can come pretty damm close which can result in amazing profits.

My avatar explains "social trading" perfectly.
Dostiev
Dec 02 2018 at 07:32
10 příspěvků
How do you develop a system that works? I have seen so many and tried to follow 100% perfect but results is invariably not good

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