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Forex is profitable ?

Matt (BluePanther)
Jan 02 2019 at 09:35
1356 投稿
oshaban posted:
I'm in forex since mid 2003 :(


Agreed. Many years it takes.

I started in 2008.

vontogr (togr)
Jan 02 2019 at 09:37
4862 投稿
oshaban posted:
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.


It would be easier to believe that with real account statement here on mfb

Matt (BluePanther)
Jan 02 2019 at 09:39
1356 投稿
AniLorak
Jan 09 2019 at 10:59
920 投稿
BluePanther posted:
Here is the Holy Grail:

https://forums.babypips.com/t/i-have-found-the-holy-grail/18683


Whatever it is; I don’t believe 100% success ratio in Forex! For me, it’s all about probabilities.

Nk_trader
Jan 24 2019 at 08:12
70 投稿
Forex can be profitable if you do it like a job.
I am a pro forex trader, working 10-12 hours per day on diagrams and news.

So the answer is YES but you have to work hard!!

BenTrader
Jan 24 2019 at 09:12
6 投稿
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

niceGLer
Jan 24 2019 at 20:40
169 投稿
BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.


Moving averages work only in trending market condition. Mostly, the market is not trending :)

vontogr (togr)
Jan 25 2019 at 07:30
4862 投稿
BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.


Nope.

There are other way how to analyse market than only Price Action and Volume Spread Analysis

BartenderFX
Jan 25 2019 at 09:16
14 投稿
oshaban posted:
AmDiab posted:
oshaban posted:
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.


Wow; inspirational story! By the way, how many years it took to be a consistent player here?


I'm in forex since mid 2003 :(


Awesome, I just saw The Oshaban is on myfxbook. Your Wise man and Legendary trader!

jamesgwyther
Jan 25 2019 at 09:39
289 投稿
I like EMAs myself.....in trending markets of course.

BenTrader
Jan 25 2019 at 09:40
6 投稿
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.








AniLorak
Jan 26 2019 at 12:33
920 投稿
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.









So, if you are unable to make money here; that means; you need to learn more. All the best.

GoldAbu
Jan 27 2019 at 09:27
8 投稿
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.




Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

jamesgwyther
Jan 27 2019 at 09:46
289 投稿
GoldAbu posted:
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.




Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now


How long have you been learning?

AniLorak
Jan 27 2019 at 10:49
920 投稿
jamesgwyther posted:
GoldAbu posted:
BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.




Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now


How long have you been learning?


Hello; this question depends on many parameters & you may notice; there have different types of scenarios in everywhere! But no doubt, learning is a long term process here.

BenTrader
Jan 28 2019 at 08:28
6 投稿



Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.





Nasrul
nasrul_poyo
Jan 28 2019 at 09:28
124 投稿
BenTrader posted:



Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.






Maybe you should start analysis with big timeframe.

Demetriof
Jan 29 2019 at 07:25
7 投稿
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

niceGLer
Jan 29 2019 at 07:45
169 投稿
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames


I vote for 1H, and I try to make my decisions based on that. I also use shorter time frames for estimating entries and exits, longer for support & resistance level analysis. I never have been using 1M and hardly ever 5M profitably. I think the shortest time frames are too expensive for a retail trader who is using a market making broker.

I think 1H is just ok. One can trade both long term and short term with it.

Adribaasmet
Jan 29 2019 at 12:56
994 投稿
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames


No; h1 is not known as the longer time frame; H4 & above are known as longer time frames.

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