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Forex is profitable ?

gabemocan
Aug 07 2018 at 06:08
posts 4
If everybody were profitable in Forex then where would the monie come from? It's a zero sum game. Only the fittest survives, pretty much like any other thing nowadays. Excel or die trying.

DFisher
Aug 07 2018 at 08:58
posts 12
Many people asked this question that is forex really profitable? can it make you millionaire? the simple answer to all these question is yes forex is profitable but making money in forex is not that easy as you think and this is the fact which most of the traders realize after taking the experience of real trading.

Cappucinotrader
Aug 07 2018 at 10:01
posts 10
Where are these people that make money on Forex. I have not seen one. There are people on this forum that claim to be but when you look at their myfxbook they are just scammers or using martingale etc.

vari1987
Aug 07 2018 at 10:06
posts 1
yes , forex is profitable, if you are understanding in market direction technically and fundamentally. and its is easy one not earning , losing

NotyaBusiness
Aug 07 2018 at 14:02
posts 19
Once you understand and embrace your losses you are a profitable trader.

The man who wants nothing is invincible.
gabemocan
Aug 07 2018 at 14:16
posts 4
Carlos (CarlosMZ)
Aug 09 2018 at 06:21
posts 55
Forex is profitable. Not for all, but still.
You can check the EU-regulated brokers to see how many of their clients are profitable and how many lose.
Maybe this is the only good thing, apart from the ban on Binary Options that has come from the new ESMA regulations.
For example - my broker's stats are 1/4 (25% win / 75% lose).

My7book
Aug 09 2018 at 09:59
posts 13
Finally we have the stats. According to ASIC, 63% of Forex traders lose money. That means 37% is profitable which is quite good.
https://www.forexbrokerz.com/news/asic-eighty-percent-of-binary-options-traders-and-seventy-two-percent-of-cfd-traders-loose-money

Abdielfx
Aug 09 2018 at 10:06
posts 10
Yes forex is profitable but what matters more is how much you didn't lose in this market rather than how money you make from it.

Matt (BluePanther)
Aug 09 2018 at 10:07
posts 1356
gabemocan posted:
@Cappucinotrader they're definetely not here. 😎


What? You mean I don't qualify for my last two months' efforts? 😉



Hmm... I guess if you take into account my performance since inception you are correct: 😞



Fichiers joints:


gabemocan
Aug 10 2018 at 07:29
posts 4
@BluePanther there's always the guy that wins in the lotto. Congratulations, you are one, at least around here. Mostly professional traders are busy working on their own stuff... And hey, these are all fully automated systems you yourself develop? Well done! 😎

TeoJonas
Aug 20 2018 at 13:34
posts 6
Yes forex is definitely profitable but unfortunately not for everyone. there are lot of experienced traders on this forum who can share their success stories here.

danmulligan
Aug 22 2018 at 08:53
posts 8
Not everyone can survive profitably in forex. It is not easy. Only a handful number of people actually make it big here. They are the ones who stick it out in the long run. Most usually lose patience and give up eventually

Kurt (KurtSung)
Aug 22 2018 at 10:26
posts 12
ComebackKing posted:
I've no idea why anyone would bother scalping FX. Why not just trade currency futures on the CME? 100% transparent and no real 'spread' like FX or stocks.


Well, I think it depends on the situations and laws in each country, and the monitoring institutes of brokers also matters. Some can ensure that your capital will not be used in other ways and help you to prevent 'The Black Swan'. However, not every institute protects customers' right and money so much. There are many frauds and people losing money by being duped in this market. Thus, the governments need to do something to protect their own people, but sometimes the foreigners not included. So we need to recognize the institute we choose and rely on them.

Discipline rules, not emotions.
LeadPellet
Aug 22 2018 at 10:30
posts 11
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited

vontogr (togr)
Aug 23 2018 at 10:57
posts 4862
Forex is not profitable. It is market. On this market traders buy and sell various assets.
Few of them are profitable, the rest is not.
Very profitable is middlemen - brokers - whose are having profit from all transactions.

Karel (Bohdan73)
Aug 23 2018 at 10:58
posts 51
LeadPellet posted:
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited


Throw in the request for the broker to be and Agency-only (A.K.A STP) model and the results are even less.
There is an abundance of Market Makers everywhere.

Trade with determination!
Mohammadi
Aug 23 2018 at 11:43
posts 886
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.

jamesgwyther
Aug 23 2018 at 13:35
posts 289
Forex is certainly profitable for some, though definitely not for all.
I believe it can be profitable for everyone, if they work hard enough.

jamesgwyther
Aug 23 2018 at 13:35
posts 289
TeoJonas posted:
Yes forex is definitely profitable but unfortunately not for everyone. there are lot of experienced traders on this forum who can share their success stories here.


I am looking forward to reading a lot of these.

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