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profits in forex trading

Danny Gilbert (Whitethroat)
Aug 04 2021 at 14:27
5 Posts
Analyze those who trade for a long time and analyze their transactions.
By understanding how they think you will have an understanding of trading.

Akasuki
Aug 05 2021 at 12:17
441 Posts
We can not understand their thinking by analyzing their transaction. Transaction can tell us how good or bad he is trading.

Danny Gilbert (Whitethroat)
Aug 05 2021 at 13:38
5 Posts
From the trading data it is possible to determine risk management and using data trace the pattern in opening and closing deals.
If nothing could be understood from the transactions, then the system of calculation and data in the Myfxbook would not make sense.

croisssan
Aug 05 2021 at 13:41
658 Posts
In general, I believe that profit is the main goal of trading. From my own experience, I can say that this really interests most of all traders.

UweMoench
Aug 05 2021 at 14:10
737 Posts
@croisssan Yes possibiloty of good profit that what arracts people in forex trading. But due to this many set unrealistic profit goal which bringd their downfall.

Tradelist45
Aug 06 2021 at 06:22
178 Posts
Leaning from own trading mistake is the best practice! But,
we should try to complete our main learning process in the beginning stage of trading!

DafxTr
Aug 06 2021 at 10:06
2 Posts
WaltonCharles
Aug 06 2021 at 12:35
128 Posts
Tradelist45 posted:
Leaning from own trading mistake is the best practice! But,
we should try to complete our main learning process in the beginning stage of trading!

Yes, I agree with you.

CraigMcG2020
Aug 07 2021 at 11:40
194 Posts
UweMoench posted:
Trading forex is complex and requires a level of patience that is off the charts if you want to be extremely successful. When you first start trading, the amount of patience required is beyond most people's understanding. You can't gain that level of patience unless you have experience. You can have all the trading talent in the world, but w/o experience you are at a disadvantage to a more experienced trader.


Completely agree with this. Its important to patient with yourself, the strategy and then the entries. Patience is key overall

RobSchiz
Aug 07 2021 at 17:16
535 Posts
Tradelist45 posted:
Leaning from own trading mistake is the best practice! But,
we should try to complete our main learning process in the beginning stage of trading!

Yes. you are right.

FxMoring
Aug 08 2021 at 09:53
4 Posts
Suradi (FXOday)
Aug 08 2021 at 23:45
205 Posts
I think all traders want to get profit in every single trade, but how to manage the risk is very important because market forex full uncertainty, if traders only chasing profit without pay attention to the risk in trading, one mistake may cause big loss in single trades and will make lost all previous profit.

mab8
Aug 09 2021 at 11:26
41 Posts
Yes you can definitely do well in forex, but I have come to the conclusion that you need to be persistent and also a hard worker. I think it is a mistake to think you will get money easily ad while you can gain profits, you need to be careful with the amount of risks you take on.

Aubrey22
Aug 09 2021 at 13:56
19 Posts
Can a beginner in forex trading make consistent profits without any live trading experience?

Suradi (FXOday)
Aug 09 2021 at 23:58
205 Posts
Aubrey22 posted:
Can a beginner in forex trading make consistent profits without any live trading experience?

Definitively no, trading without experience like as want to drive a car without skills, instead of experienced traders still possible to facing with loss in trades, even worst get margin call account, forex trading is business, no exact profit will be in everyday trading.

Williamfreed
Aug 10 2021 at 02:05
90 Posts
Making a profit in forex is very easy if you have good knowledge and skills. So always develop your skills before start real trading and demo trading will be helpful for getting some experience in forex to make a good profit with real investment later.

Karlos Fandango (Smith2525)
Aug 10 2021 at 02:53
79 Posts
Like any market, there are winners and there are loosers..

Wittonlord
Aug 11 2021 at 19:08
10 Posts
Trading forex can be profitable if a trader obtains the necessary amount of skills and psychological stability.

SteveHanks
Aug 15 2021 at 08:32
530 Posts
Wittonlord posted:
Trading forex can be profitable if a trader obtains the necessary amount of skills and psychological stability.

Gathering knowledge and proper skills are very important to survive in this market.

RobertFerrari
Aug 15 2021 at 09:47
311 Posts
SteveHanks posted:
Wittonlord posted:
Trading forex can be profitable if a trader obtains the necessary amount of skills and psychological stability.

Gathering knowledge and proper skills are very important to survive in this market.

I am new to this forum. Please can you tell me what is the best source of learning?

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