How to earn more? Real advice from experienced traders.

WhiteWitcher posted:
Oh Lord. What kind of brokers are these? It is unlikely that they are regulated by any regulation with such conditions.

Well I do not interest to be honest. But I came across similar advertisements.

Rococo_XVII posted:

WhiteWitcher posted:
Oh Lord. What kind of brokers are these? It is unlikely that they are regulated by any regulation with such conditions.

Well I do not interest to be honest. But I came across similar advertisements.

Si tu vas sur Vantage FX avec un pool de trading cela est possible et Vantage a des réglementations ...

Okay man. But I am not looking for a broker. Thanks. I am looking for more profitable trading strategy. If you have any please share with us.

Oh it is just an advertisement. Just delete his message. Lol.

In light of your original thread message, may I ask what stops you from trading confidently?

I really want to earn more, I study about it all the information I can find.

Rococo_XVII posted:
Hello.
I have been trading for 3.5 years now. During this time, it happened that I blew up account and started over. It turned out to get profit, of course. But I still do not have a really good and stable income.
Because of that Forex became for me like an element of game or hobby. I don't feel that forex trading is hard work, but good profits. I do not feel stability in this way of earning.
Have you experienced something like this?

Just please do not mention about learning fundamental analysis or deeper technical analysis. This is what I do all the time.

I would like to hear real advice from real traders. Or to hear those who are in the same position as me.

That is why I create this thread. Welcome.

Trading is about either spotting market inefficiencies (arbitrage, pump and dumps, trading on news => stealing the bread of slow traders, spotting technical patterns that work on amateur markets like crypto) or predicting the future development of events which are related to asset's supply or demand. The second is hard in my view and most will fail at that because you simply can't account for unforeseen events. The first one requires lots of expertise, knowledge of industry, technical expertise like coding etc.

Quius posted:
I really want to earn more, I study about it all the information I can find.

Oh unfortunately, information alone is not enough. Are you trying to practice?

In my over 10 years of forex trading experience, I've encountered multiple setbacks, shifting from one trading system to another—from single entry to swing trading, martingale, and more. Eventually, I've come to agree with the widely available sentiment online: successful FX trading largely relies on effective money management.

While there are moments of significant wins and losses, the right money management approach allows for longevity in this field. There exists a variety of money management techniques; the key is to adopt one that suits your trading system.

Returning to the core point, building a solid capital base is essential for higher earnings. Once you've mastered appropriate money management strategies, considering entry into a prop trading firm can potentially amplify your profits.

Great point! Thank you

Oh That`s exactly the truth. Great @Mat_Swing

Good job, guys. I hope everyone will get huge profit this year.

Before talking about big profits, it's a good idea to first consider the risks