How do you determine when to withdraw funds/profits / what do you spend it on?

Hey guys I've been trading for several years, I have not been profitable and have seen consistent loses but I see myself maturing and

my expectations becoming more and more realistic every time I come back to the table. I have not lost any love for this game called

FOREX Trading.

I always find myself wondering, if I am realizing consistent profits when should I withdraw profits and what I would spend it on. Just

wanted to get an idea of what successful forex traders do with their profits when realizing consistent returns.

Its always better to withdraw the profits on a monthly basis. Better to play on with the initial capital after withdrawing the profit!

expert2trade posted:
Its always better to withdraw the profits on a monthly basis. Better to play on with the initial capital after withdrawing the profit!

Good stuff!

Don't have some exact date for withdrawal, earn some amount and withdraw (3-4 times a year). Spend on myself, girls, drinks, cars 😀

ChrisMuzhik posted:
Don't have some exact date for withdrawal, earn some amount and withdraw (3-4 times a year). Spend on myself, girls, drinks, cars 😀

Lol.. you trade full time or part time?

Firstly,
after some successful good trades and you have realized your initial deposit.
You could withdraw it and start up a small business with a level of consistent income.
And the the remaining in your account, you would have ease of mind to trade freely,
then more profit, you spend on the necessity, you should have some responsibility and obligations to fulfill with cash.
When Hope i could help?

Hi guys I am new to this site. Funny I stumbled across this page... because I have been trading for 6 years and started making a little profit two years ago.
Now I am trading along with my EAs and the profit is now increasing.
I have decided to withdraw half of my profit every month so I can still benefit from compounding.
I just started it on my live acc. '...thumbs crossed'.