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Forex is profitable ?

jamesgwyther
Aug 23 2018 at 13:35
289 příspěvků
Mohammadi posted:
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.


I think emotions are probably more important than anything else in Forex Trading.

Kurt (KurtSung)
Aug 24 2018 at 07:07
12 příspěvků
In my opinion, Forex is profitable and not profitable at the same time. It depends on people, discipline and strategies. During trading, we would usually become emotional, assuming the price would keep rising when it rises or it would stop falling soon when it falls. Of course, there is such possibility but not every time. It usually leads to a great loss. Because of this, we need to form our discipline to stop loss or take profit. This idea is also helpful in other investments.

Discipline rules, not emotions.
jamesgwyther
Aug 24 2018 at 09:28
289 příspěvků
Forex is very profitable for those who have studied hard and practised hard.

ChenChenGu
Aug 26 2018 at 06:11
6 příspěvků
Are you profitable? Can you tell me exactly what you studied and how you practiced?

Adribaasmet
Aug 26 2018 at 06:18
994 příspěvků
jamesgwyther posted:
Forex is very profitable for those who have studied hard and practised hard.


Well said; really there is no way without enough trading knowledge & experience. Here, the success ratio is too low, it’s below 10%, that’s the reality.

kacper5
Aug 28 2018 at 06:57
10 příspěvků
jamesgwyther posted:
Forex is very profitable for those who have studied hard and practised hard.

right! you can not survive in the forex world if you don't have proper knowledge and patience.

EddyEdgardo
Aug 28 2018 at 10:15
11 příspěvků
Even if you have studied hard, that is no guarantee of success. Almost everyone fail here at fx

Lenny (Lenovo1)
Aug 28 2018 at 12:10
4 příspěvků
There are many winners bro, if you got the right rules and research

To make as much Pips as possible
victoriajensen
Aug 28 2018 at 17:09
1117 příspěvků
Forex can be quite profitable, if you have a good strategy and you're willing and able to follow it closely.

Kurt (KurtSung)
Aug 29 2018 at 06:55
12 příspěvků
EddyEdgardo posted:
Even if you have studied hard, that is no guarantee of success. Almost everyone fail here at fx


Totally agree! We study hard, and we are just trying to make our ' possibility ' of earning profits more and more.
About possibility, it represents ' risk '. When it happens, it just happened, no matter how many possibilities it showed you before.

Discipline rules, not emotions.
diane2000_trader
Aug 29 2018 at 07:01
6 příspěvků
Smart people know how to make everything profitable, be it forex trading or anything else!😎

Abdielfx
Aug 29 2018 at 09:00
10 příspěvků
Forex is profitable but not for everyone. Majority of traders suffer huge losses in forex.

GreenTrades
Aug 29 2018 at 10:45
11 příspěvků
Forex is profitable for those who are passionate in trading and they indeed manage A to Z in their trading life. Else time, effort and money are wasted for those who take Forex as 'Richer machine' (never realizing that it's poverty machine for them).
Passion matters the most.

MellinGainin
Aug 29 2018 at 11:54
5 příspěvků
On my opinion, 2 factors have to be fully complied to be successful in trading:

1- FLY LOW: personally, I don't gain much with Forex (on current month of August I'm in pair) but I currently do not expect fantastic outcomes from it, a monthly +5% should be the target to be hit to be happy - definitively not a daily +500%!

2-CONTROL YOUR EMOTIONS: place your order then... forget about it. Let it work, keep the gain or stop the loss.

I am aware that the above 2 points are easy to be told but difficult to be followed. Anyway, these are key factors I personally try to be stuck at.

LikeMustard
Aug 29 2018 at 14:18
10 příspěvků
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures

Mthiya
Aug 30 2018 at 00:57
23 příspěvků
Why is it that traders are not saying anything about trading stocks on mt4.
There are few things I do not understand thou. Its how lot sizes and how pip value is calculated for stocks and indices, if it even called 'pip'. I dont even know where to start looking for this on the internet because there is not lo of websites talking about stocks and indices trading.

Adribaasmet
Aug 30 2018 at 06:44
994 příspěvků
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures


I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.

LongVision
Aug 30 2018 at 07:06
254 příspěvků
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures


I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.

Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.

The market will trade through it’s path of least resistance .
clairepips009
Aug 30 2018 at 08:28
3 příspěvků
Forex trading can be profitable avenue for only those people who have the zeal inside them to work hard through out the day. I say this because your success in forex can be greatly impacted by the quality of your forex education. So need to spend adequate time and efforts there. Moreover you should be prepared for any setbacks and losses, both mentally and in terms of tackling them through effective strategies. Maintain a trading journal, don't indulge in revenge trading and most of all keep a balanced and grounded mind. It is important not just to make money but to keep it also

GreenTrades
Aug 30 2018 at 14:03
11 příspěvků
LongVision posted:
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures


I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.

Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.


True, which is why compounding is awesome and is an 8th wonder of the world.

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