profits in forex trading

Can a beginner in forex trading make consistent profits without any live trading experience?

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.

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.

Like any market, there are winners and there are loosers..

Trading forex can be profitable if a trader obtains the necessary amount of skills and psychological stability.

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.

A good begginer's guide is Babypips.com and also try out pforex.com

elvisnyaga posted:
A good begginer's guide is Babypips.com and also try out pforex.com

Know about babypips but need to check pforex.com.

Profit in forex trading will become happier If trader withdraw the profit, although compound profit might giving more power margin, in day to day trading, maintain to always make a consistent profit is not easy, sometime trader has the intention to compound profit, but eventually lose again even worst margin call account.

Babypips is my favorite but needs to check pforex.

Unellene posted:
all your profit depends on the capital you work with

I agree with you. But you also need proper knowledge besides your capital.

profit anyone can bring from trading its not a big deal , the main deal is it is consistency or not ,

Yes indeed making consistent results in profit s not always easy in practice, there is no perfect trader exist in the forex business, the risk is always involved and there, but if the trader has an accuracy of more than 80% it already has good trading performance, eventually they will make money from trading.

Making a profit in forex is easy but you must have good trading skills and also knowledge about it.

I always think that there's no basis of your 100% or any percentage here, you can just assume but stating of 100% profit will mean nothing. Just have it in general as you can't prove that if you have confidence, overconfidence or no confidence will have it's various results to trades.