Very tough business.

But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any

They say that trading currencies is of one of the hardest and most stressful professions!

I tried for a while and then packed it in and moved to trading spot gold, whilst it is still unpredictable, it is not as volatile as forex.

I think with forex the main people who are making money are the brokers and the top 1-2% of traders.

Still, look on the positive side, there are a heck of a lot of worse hobbies to have out there! When trading you are keeping up with economic announcements and learning about fundamentals whilst testing technicals. Plus there are other ways to make money from forex, not just from your trading account, you can get subscribers, you can do youtube channel for revenue from ads, you can get rebates to improve profitability, you can trade with other peoples money with a range of prop trading outfits out there, the list goes on...

forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.

lazilybento posted:
But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any

Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.

there is no real chance
to bring biggest profit ratio until ensuring
 a most powerful analyzing money management.

 its the main rule. 

Forexquanten posted:
forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.

Very nicely done but the 25 dollar to 25k. You obviously trading to make money, you wouldnt host 3 places..why not mql5 btw?
On the same note, i would imagine you are trading other accounts? As we all know its not easy so why just do a 25 dollar account.....not much more money to profit larger? could it be that you run 25 dollar on many accounts and this one worked so now you are making it a signal?
Currently his signal is gridding gbpusd short
maybe its just me...

Professional4X posted:
Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.

Couldn’t agree more. Managing risk is only that demarcation that takes you to losses or profits. Traders missing this part of trading hamper their success.

in Forex trading the main strength
 is knowledge and experience.
so increase your knowledge and earn more money.  

knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress

TheGreatRecycler posted:
knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress

Technical & fundamental knowledge is mandatory here! Besides, traders need to follow the rules of money management so carefully.

Forex market place is a part of ocean where there is anyone who can survive in a proper way without most powerful analyzing trade knowledge; if you are a newcomer please go to online freeSchool which is very supportive for the newcomers to acquire all fundamental knowledge. And trade a demo account at any broker, learning and practicing is a great combination and this can will help you must be if you try it.

45656 posted:
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.

There is no easy way.
Everything that allows you to leave your daily job and provide income is hard to reach.

Forex and trading, in general, is suit for those who think in the long run. It took me nearly 4 years to become profitable. And it's probably the hardest thing I've ever done in my life.

We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

Imamul posted:
We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.

Select a broker with strong regulations, good history of treating their clients fairly, and a guarantee of client asset protections.

Use realistic risk management and learn to trade properly.

The key to profitable investing, is to make profitable trades.

I know it seems over simplistic, but there are only 3 possible options available.

The markets either (1)move up, (2)no movement, or (3)move down.

(1)Market movement is bullish? Buy
(2)Market does not move? Do nothing
(3)Market movement is bearish? Sell

If you make a trade and the market moves in that direction, you've made a profitable trade.

If it's not a profitable trade close it, then wait for the next entry point of highest probability.

Easier said than done. I wish it were that simple but the fact is the timing of entry and exit along with direction make trading very difficult

For a lot of people it's really much better to go to some job instead of learning all that ropes around it and we may need to see what is really happening here anyway. I do not clearly see this but I do love what it is and that's really it.

Jalath posted:
For a lot of people it's really much better to go to some job instead of learning all that ropes around it and we may need to see what is really happening here anyway. I do not clearly see this but I do love what it is and that's really it.

Yes, for the people who cannot handle the patience and discipline, forex is out of their league. If it is something that you are passionate about, then you are going to spend most of the time preparing and gaining knowledge.
But I have seen some people who quit their decent job with decent life for forex trading, so anything can happen.