Forex is profitable ?
Jun 26, 2019 at 08:24
Imamul posted:
Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.
Agree with you; knowledge is the king! Besides, traders should set their trading targets according to their own trading result; anything like unrealistic would be painful.
Mitglied seit Jun 28, 2019
11 Posts
Jun 30, 2019 at 06:33
But how do you set a trading target? And should you even set a trading target? It could lead to over trading or under trading
Jul 01, 2019 at 07:39
TeamNotreDame posted:
But how do you set a trading target? And should you even set a trading target? It could lead to over trading or under trading
In my trading; I don’t have any daily, weekly or monthly base trading target! I always rely on market condition; when I get a new opportunity of a new trade; then I use it either not!
Jul 01, 2019 at 12:38
TeamNotreDame posted:i like trading with targets, that ways i know how much i need to earn to get to my goal and yes, it does lead to over trading sometimes, but over the time i have managed to get myself stabilized and patient.
But how do you set a trading target? And should you even set a trading target? It could lead to over trading or under trading
Mitglied seit May 28, 2019
12 Posts
Jul 02, 2019 at 06:57
Forex is 100% profitable, especially with proper risk management and a killer strategy, look at my profile for an example.
Mitglied seit Jul 02, 2019
1 Posts
Jul 02, 2019 at 11:21
Financial Institutions/large banks are major players who have access to excellent infrastructure, knowledge, real-time information and data to be successful in trading.
Most retail traders get lured into Forex trading with unrealistic expectations only to end up losing it all.
Until recently, it was widely believed that only 5% of traders make money by trading Forex. After ESMA regulated brokers started providing statistics about the percentage of traders who lose money, it became clear that about 22% of retail traders are profitable.
We can safely say that the percentage of winning traders has been increasing over the past few years which can be attributed to their increase in knowledge about Forex, understanding the importance of trading discipline and acknowledging the fact that there is no “holy grail” to make money.
Most retail traders get lured into Forex trading with unrealistic expectations only to end up losing it all.
Until recently, it was widely believed that only 5% of traders make money by trading Forex. After ESMA regulated brokers started providing statistics about the percentage of traders who lose money, it became clear that about 22% of retail traders are profitable.
We can safely say that the percentage of winning traders has been increasing over the past few years which can be attributed to their increase in knowledge about Forex, understanding the importance of trading discipline and acknowledging the fact that there is no “holy grail” to make money.
: Get Smart, Get Profitable
Mitglied seit Dec 29, 2018
6 Posts
Jul 02, 2019 at 12:50
It is, I live from trading.
Born to trade :)
Jul 03, 2019 at 07:33
blakeolson9 posted:
Forex is 100% profitable, especially with proper risk management and a killer strategy, look at my profile for an example.
You made good profits Blake. how long you've been trading? I know you're not new to trading and probably found killer strategy for long time. Stay consistent though as this is <2 weeks account.
Mitglied seit May 28, 2019
12 Posts
Jul 04, 2019 at 00:21
Jaykay55 posted:I've been trading for a few years and ended up adopting what was, in my opinion the most successful parts of other fantastic traders strategies and combining the parts that can easily work together to make my own strategy, one strategy for example that is a part of my own comes from my trip last summer to London where I met someone with a darkpool account and he told me his main go-to strategy, which I altered slightly to work better with the rest of the parts of my own strategy 'Massive Confluence'.blakeolson9 posted:
Forex is 100% profitable, especially with proper risk management and a killer strategy, look at my profile for an example.
You made good profits Blake. how long you've been trading? I know you're not new to trading and probably found killer strategy for long time. Stay consistent though as this is <2 weeks account.
Mitglied seit May 28, 2019
12 Posts
Jul 04, 2019 at 00:25
Skoti posted:Glad you have this mentality! Much better than most traders out there!
i am still new in forex but i am willing to and as much knowledge as i can before i even go on live account
Jul 04, 2019 at 16:53
It's true that forex is very profitable, but that does not mean that the success comes laid out on a silver platter for your consumption. It takes a lot of trading education and patience, since you won't start making consistent profits immediately you begin trading. You also need trading discipline for you to follow your trading plan
Mitglied seit May 28, 2019
12 Posts
Jul 05, 2019 at 00:12
Laksa56 posted:This is not always the case, I have students that have learned incredibly fast. With proper guidance some have been good enough to impress private investors for 100k+ aum in less than a year and have personal results that most people think is not possible. For people that never got proper guidance I completely agree, it's nearly impossible to be consistently profitable in your first two years.
Be prepared for he long haul. It could take years to become profitable and I don't me 1 or 2, I mean 5 plus and still not be profitable. Forex can be a real struggle sometimes
Mitglied seit Jul 05, 2019
12 Posts
Jul 05, 2019 at 11:23
blakeolson9 posted:Laksa56 posted:This is not always the case, I have students that have learned incredibly fast. With proper guidance some have been good enough to impress private investors for 100k+ aum in less than a year and have personal results that most people think is not possible. For people that never got proper guidance I completely agree, it's nearly impossible to be consistently profitable in your first two years.
Be prepared for he long haul. It could take years to become profitable and I don't me 1 or 2, I mean 5 plus and still not be profitable. Forex can be a real struggle sometimes
How can I get proper guidance? Can you help?
Jul 07, 2019 at 05:47
Yes of course its profitable. But its take a long time to be a successful trader. This is full of mind game. You must know to control your mind and emotions. This is the main key of success.
It's a new world, it's a new start It's alive with the beating of young hearts It's a new day, it's a new plan I've been waiting for you Here I am....
Mitglied seit Dec 29, 2018
6 Posts
Jul 08, 2019 at 09:39
ryuga posted:
trading for living,or living for trading? 😁
Live to die and live to trade :D
Born to trade :)
Mitglied seit Feb 22, 2011
4862 Posts
Jul 08, 2019 at 10:13
I like what I trade
I trade what I like
I trade what I like
Jul 08, 2019 at 10:35
FxPresident posted:ryuga posted:
trading for living,or living for trading? 😁
Live to die and live to trade :D
That was good :)
It's a new world, it's a new start It's alive with the beating of young hearts It's a new day, it's a new plan I've been waiting for you Here I am....
