Forex is profitable ?
forex_trader_753800
Mitglied seit Jul 16, 2019
9 Posts
Nov 13, 2019 at 12:46
if you look to my account it would not be right to say forex is not profitable, i am makeing money all the time, but its also true that the majority is losing money with trading. so lets say it can be profitable if you have enough experience. beside of good money management you need also know how to trade how the charts working, you must know what you are doing to build somethink like a trust but always with enough care.
Mitglied seit Nov 06, 2019
48 Posts
Nov 14, 2019 at 13:53
It’s a long road to trading profitably. Took me a couple of years until I started making a profit full time :)
Winning...
Mitglied seit Jan 05, 2016
1189 Posts
Nov 14, 2019 at 15:23
Baazex posted:
Forex trading is no doubt amazing but trader have to be very wise and experienced always ask an experienced traders help
It doesn't matter what your strategy is, as long as it's a profitable one.
Focus on Risk Management as your #1 priority, and you will protect your account against unreasonable losses.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mitglied seit Nov 05, 2019
10 Posts
Nov 16, 2019 at 06:11
Admoni posted:
At present Forex is definitely a profitable business. The first thing as a newcomer you need to do is learn everything you can about the market . then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.
Forex is a huge area to understand. Basically, you need to trade currency pairs in this market by analyzing several factors. You can read some articles for basic knowledge. If you want to learn more about Forex trading, you can read some books and watch some videos from the video library. That can help you to understand more. Besides learning, you can practice in a demo account with our free signals. Without Proper knowledge, I think no one can do well in this sector. So everyone should learn before starting trade.
What is your thought ??
Mitglied seit Nov 05, 2019
10 Posts
Nov 16, 2019 at 06:19
PrestonM posted:
Of course is profitable but you have to be patient.
Patience is the most important thing in Forex without this no one can succeed in this field.
Success depends on among these 4 pillars also.
1. Trade Entry Strategy
2. Discipline
3. Money Management
4. Trade Exit Strategy
Mitglied seit Nov 05, 2019
10 Posts
Nov 16, 2019 at 06:31
PrestonM posted:
Of course is profitable but you have to be patient.
Mitglied seit Nov 05, 2019
10 Posts
Nov 16, 2019 at 06:31
ForexViking69 posted:
It’s a long road to trading profitably. Took me a couple of years until I started making a profit full time :)
There is only one way to increase your success rate as a forex trader - Practice. No matter how skilled you are, you can not improve your success if you relax with no practice. Study the market and practice risk management. Learn from your mistakes.
Nov 16, 2019 at 10:15
Everything I read about discipline, MM, strategies, knowledge, long experience... is absolutly true. But don't be dreaming too much about the amount of money you can get from the markets if you don't have an important potfolio.
I am now quite experienced (32 years of trading) to affirm just one thing : if you want to be profitable for years and years you just have to divide your yet calculated risk by 2 or 3!!...to avoid bad surprises; then of course your ROI will also be divided by 2 or by 3 nevertheless you will get very decent returns ( to be compared to the taken risk); something between 20 or 30% per year on average is very common and it is A REALITY. That said to understand that you will never earn big money with small accounts. You can of course leverage the risk and be lucky...but you won't last 32 years ( even not 32 weeks:-)
I am now quite experienced (32 years of trading) to affirm just one thing : if you want to be profitable for years and years you just have to divide your yet calculated risk by 2 or 3!!...to avoid bad surprises; then of course your ROI will also be divided by 2 or by 3 nevertheless you will get very decent returns ( to be compared to the taken risk); something between 20 or 30% per year on average is very common and it is A REALITY. That said to understand that you will never earn big money with small accounts. You can of course leverage the risk and be lucky...but you won't last 32 years ( even not 32 weeks:-)
Nov 16, 2019 at 17:22
BotTracking posted:ForexViking69 posted:
It’s a long road to trading profitably. Took me a couple of years until I started making a profit full time :)
There is only one way to increase your success rate as a forex trader - Practice. No matter how skilled you are, you can not improve your success if you relax with no practice. Study the market and practice risk management. Learn from your mistakes.
In simple words, you said everything!!!
Nov 17, 2019 at 00:07
There's one thing you didn't consider. The trading tools have changed drastically over the 32 years of your experience and the potential and opportunities are not the same as they used to be, even 5 years ago. Any conclusions drawn from your own experience so far are not valid for the future. You can make big money from small accounts.
Nov 17, 2019 at 07:27
Professional4X posted:Baazex posted:
Forex trading is no doubt amazing but trader have to be very wise and experienced always ask an experienced traders help
It doesn't matter what your strategy is, as long as it's a profitable one.
Focus on Risk Management as your #1 priority, and you will protect your account against unreasonable losses.
Strong Strategy leads you towards success , as planning is a must and risk management is a part of strategy as risk management is the key in trading focusing on risk management can be a complete game changer in your forex trading career.Effective risk management is the most important skill to learn.
Revenue is vanity, profit is sanity, but cash is king
Nov 18, 2019 at 11:30
how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
Nov 20, 2019 at 19:47
to les777 : Do you consider that the trading tools make it possible ? are you serious guy ? 5/10/20 or 50 years ago the skills and the rigor you needed to apply on your risk management were EXACTLY the same....technology has got nothing to see with the leverage ( which is what you are talking about without undersatanding it); The only difference I have noticed between now and the 'before internet era' is that everybody has the certainty to be an expert ! they know everything on everything and whatever the topic is ( as nowdays info is accessible in a finger snap) .... Believe me boy the trading is a real job which requires a lot of time to be mastered ( not technically but mentally ) . I Dont want to be taken for a donor of lessons..but please dont mix everything or you might crash sooner than expected.
Dec 25, 2019 at 07:57
(bearbeitet Dec 25, 2019 at 07:59)
there are some of worry about, either broker will pay or not, or even our big capital will turn to us back and if make profit, they will pay for full or not. especially, when the profit draw, hundred thousands or more. but yeah... we need to be careful indeed, in choosing our broker partner.
Mitglied seit Dec 18, 2019
38 Posts
Dec 25, 2019 at 20:23
Forex is profitable if you are disciplined And again, make sure you chose your broker wisely
Trender
Mitglied seit Dec 26, 2019
3 Posts
Dec 26, 2019 at 00:06
FrankHo posted:
Greedy and lack of the intention to study is the main reason that you fall into a scam.
I agree.
