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

Biedrs kopš Nov 14, 2014  46 ieraksti fxdimarion Nov 17 2014 at 08:10
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.

Forex is about the journey not the destination...
expert2trade

Biedrs kopš Nov 03, 2014  37 ieraksti expert2trade Nov 17 2014 at 11:29
Its always better to withdraw the profits on a monthly basis. Better to play on with the initial capital after withdrawing the profit!

Yes! with the right skill....its possible to make 40% a day in Forex.
fxdimarion

Biedrs kopš Nov 14, 2014  46 ieraksti fxdimarion Nov 17 2014 at 12:18
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!

Forex is about the journey not the destination...
ChrisMuzhik

Biedrs kopš Sep 09, 2014  65 ieraksti Chistopher Robin (ChrisMuzhik) Nov 17 2014 at 13:10
Don't have some exact date for withdrawal, earn some amount and withdraw (3-4 times a year). Spend on myself, girls, drinks, cars grin

There can't be enough money
fxdimarion

Biedrs kopš Nov 14, 2014  46 ieraksti fxdimarion Nov 17 2014 at 15:32
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 grin


Lol.. you trade full time or part time?

Forex is about the journey not the destination...
emperorfestus

Biedrs kopš Nov 02, 2014  5 ieraksti Festus (emperorfestus) Nov 27 2014 at 08:06
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?

Drumin

Biedrs kopš Nov 26, 2014  1 ieraksti Drumin Nov 28 2014 at 12:19
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'.

Burdy

Biedrs kopš May 30, 2014  3 ieraksti Burdy Dec 09 2014 at 12:13
Hi to all)
I'm withdrawing my profit only when I feel that I need cash. Usually I'm withdrawing about 6-7K. Not often, once a month - once in two months.

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