Forex is profitable ?

I can die before I stop trading

agree

Adribaasmet posted:

Mohammadi posted:
If you want to be profitable by scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.

Do you think, trading spread is more important than having a good scalping trading strategy? I am really interested to know your opinion.

If you want to be a profitable then you need to wait for long time. Need vast knowledge about trading and practice. at least 2-5 yrs experience needed for income.

Even if stop trade, there is no chance to exit forever. You will return in some time. Trader once - trader forever.

I like this 'Trader once - trader forever' prhase from Richard Rest. It is true.

Definitely is profitable. Check my history. Not been on this site much last couple of years, still going strong though

Yes it is profitable ... at least for me :-)
A few years of research and work led to some really gratifying results in autotrading.
You can decide to have income or growth (to have both is a bit of a challenge).
Check my results to see it for yourself.
I'm not selling my robots, but I'm open to collaborations.

B1FXprof posted:
Definitely is profitable. Check my history. Not been on this site much last couple of years, still going strong though

But I don’t see any info about your system after 2015! Can you please check-back?

Yeah Trading is profitable, as you can see on my profile.
Forex is not profitable.
 Forex is a currency market.
  Which should have zero sum of all buy and sell orders.
   And it is not due to all manipulations.
  

Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.

ermas1 posted:
Yes it is profitable ... at least for me :-)
A few years of research and work led to some really gratifying results in autotrading.
You can decide to have income or growth (to have both is a bit of a challenge).
Check my results to see it for yourself.
I'm not selling my robots, but I'm open to collaborations.

What do you mean when you say 'You can decide to have income or growth (to have both is a bit of a challenge).' ? I thought that if you are profitable then you can have both. Please explain

Admoni posted:
Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.

This is a fact, I too have discovered that its rewarding to allocate time for other aspects of trading and also focusing on other ways to make money, when I started working on building an archive for eBooks, trading systems and I began to spend more time on the project rather than taking trades, as a result; the bad habit of over trading faded away. An end to my over trading habit changed the way I feel about the market.

Q_FxTrader posted:
Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.

You are right; it’s called good skilled FX traders; they are able to make consistent result; although 100% success ratio is not possible here.

FaridAnwer posted:

ermas1 posted:
Yes it is profitable ... at least for me :-)
A few years of research and work led to some really gratifying results in autotrading.
You can decide to have income or growth (to have both is a bit of a challenge).
Check my results to see it for yourself.
I'm not selling my robots, but I'm open to collaborations.

What do you mean when you say 'You can decide to have income or growth (to have both is a bit of a challenge).' ? I thought that if you are profitable then you can have both. Please explain

Easy:
1 - If you go for income it means that you withdraw your profits regularly, leaving your balance more or less always the same.
2 - If you go for growth you leave your profits in to grow the balance.

You could take half the profits out, say monthly, and leave the rest in the balance, but you really get very little of both, unless you're so good that make tons every week :-)

based on my experienced:
1. too much trade (overtrade) may wipe out your account easier.
2. eager to grow in a faster way.
3. want fast money

All of these make traders loss. Even some traders said that SL is really important, but they can't prove by showing the record to the public, that they are profitable by using SL.

I agreed with most of Pro-Trader said, Money Management is the key to success.

Nasrul_Swing posted:
based on my experienced:
1. too much trade (overtrade) may wipe out your account easier.
2. eager to grow in a faster way.
3. want fast money

All of these make traders loss. Even some traders said that SL is really important, but they can't prove by showing the record to the public, that they are profitable by using SL.

I agreed with most of Pro-Trader said, Money Management is the key to success.

Correct..

If beginners can simply reduce the number of trades they take per day or week and take only high probability trades,then it can help a lot to improve the performance. But usually traders have the feeling of fear of missing out a trade and make wrong trading decisions and wrong entries.

Adribaasmet posted:

Q_FxTrader posted:
Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.

You are right; it’s called good skilled FX traders; they are able to make consistent result; although 100% success ratio is not possible here.

Actually, there are no business with 100% success ratio. Even a bank deposit includes some risks. I suppose, taking into account an average profitability of a professional trader, it will cover any risks and losses, making the success ratio is more than 50%.

If you can earn profit with consistency daily 5 pips, with certainly you will get rich from this trading place. so many traders earn 10 pips or more in a day from here but not consistent they are at all. the main deal is a consistent in this topic.

Imamul posted:
If you can earn profit with consistency daily 5 pips, with certainly you will get rich from this trading place. so many traders earn 10 pips or more in a day from here but not consistent they are at all. the main deal is a consistent in this topic.

Of course Imamul; you are on the right trend! Here consistency is the key! You may notice, pro traders mainly focus on consistency instead of the amount.