Try to work on your money and risk management. This will help you save and manage your prospective losses. All the best.
It is surely possible to make some amount of profit if you keep working hard and show some determination towards your trades. Try to use some strategies that turn out to be useful and profitable. Keep exploring and experimenting with them.
baytonhinity
Uczestnik z Dec 24, 2020
20 postów
Mar 02 2021 at 09:51
You can always start with it again or from scratch. It is important to know the basics of forex trading before opening a live account. Good luck.
Thomas Lawson
(TrendReversals66)
Uczestnik z Mar 21, 2020
7 postów
Mar 07 2021 at 10:59
You need to have a consistent strategy that uses at least a 2:1 profit to loss ratio.
TrendReversals66 posted:Right. What matters the most is that the ATTP should come up positive and that the profits should be way more than the losses.
You need to have a consistent strategy that uses at least a 2:1 profit to loss ratio.
Gareylinn509
Uczestnik z Nov 07, 2020
34 postów
Mar 16 2021 at 13:18
lauranutt posted:I don’t think there's a ‘one size fits all’ approach in the forex world. Isn’t it?TrendReversals66 posted:Right. What matters the most is that the ATTP should come up positive and that the profits should be way more than the losses.
You need to have a consistent strategy that uses at least a 2:1 profit to loss ratio.
richardmarcus
Uczestnik z Oct 07, 2020
104 postów
Mar 18 2021 at 04:42
iamartist posted:you should place trades carefully after reviewing the market conditions and voltality
Dear FX Traders.
I am not much experienced trader and also really not understand at all about Forex. I just did it simply.
From historical trading, please kindly advise if any missing important thing which I might damage my money.
Cheers.
Artist
Marketmultitool
Uczestnik z Dec 19, 2019
69 postów
Apr 07 2021 at 17:00
I'd aim for at least 3:1 trade otherwise its not worth doing ,ok sometimes you have to cut at break even if you see an obvious change in the pattern ,but most of my trades are 5:1 ,10:1
5-10% per month is easily possible.
5-10% per month is easily possible.
Strength and honor.
SofieAndreasen
Uczestnik z Jul 23, 2020
759 postów
Apr 08 2021 at 17:28
To achieve that kind of return, trader need to work hard and improve their skill.
Tremblay
Uczestnik z Feb 23, 2021
330 postów
Apr 09 2021 at 06:41
lurehuh posted:I agree with you. A good strategy can help you to achieve that result.
It is surely possible to make some amount of profit if you keep working hard and show some determination towards your trades. Try to use some strategies that turn out to be useful and profitable. Keep exploring and experimenting with them.
LyudmilLukanov
Uczestnik z Jul 23, 2020
869 postów
Apr 10 2021 at 16:15
It is possible to earn that much return. Currently, my goal is a 5% return per month.
WaltonCharles
Uczestnik z Mar 21, 2021
144 postów
Apr 10 2021 at 17:07
Yes. It is possible.
RobSchiz
Uczestnik z Mar 25, 2021
567 postów
Apr 11 2021 at 18:16
Very much possible. you need to make a good trading plan .
dWaverFX posted:😎 Perfect answer!! Do not start live trading until you are sure you can do it!
I don't think the question is if it possible.
I think the question is are you able to do it?
RyanSimpson
Uczestnik z Oct 27, 2020
5 postów
Apr 12 2021 at 08:56
It is possible to make far more than that, depending on the strategy you use. The strategy I've been honing and sharpening for the last couple of months or so, I'm forecasting to average between 2%-4% per day with it, compounding each day (some days may be losing days, and some days may exceed 10% growth, but average target is 2%-4%).
RyanSimpson
Uczestnik z Oct 27, 2020
5 postów
Apr 12 2021 at 11:20
And in addition to my previous comment (stating that it's possible to make far more than that), keep in mind that it isn't a good idea to ask for advice or insight on here, or any other forex forum. Most forex traders lose money. So when you're getting answers, you're getting answers from people who lose money in trading, more often than from people who make money in trading.
I saw a few answers saying 'it isn't possible'. Those remarks come from people who have lost money, or make very little trading.
If such a small percentage of traders make money, don't do what the majority do haha. Do what the minority do. And don't listen to advice from a forum where large numbers of traders congregate.
Of course, if you're trading retail methods, risking tiny amounts, not managing risk professionally, and using a shocking R:R like 1:1 or 1:3. yes it makes it harder to make money.
My new system for example, I follow the banks and the clues they leave behind (they control the markets, not 'bulls and bears'). I don't listen to analysts and their reports. I use the economic calendar to forecast when banks will make their next big moves to my entries or targets. I don't 'trade the news'. I don't use any indicators whatsoever. I trade no less than 1:5 Risk-Reward ratio. My risk is between 1% and 2% per trade. I currently focus on one thing only (US30). I trade whenever I see an opportunity (normally multiple times per day), with 5M as my base timeframe. If I'm averaging 1 out of 3 correct, and risking 1% per trade, aaaand going no less than 1:5, my average daily increase on capital is 3% or more.
It is possible.
I saw a few answers saying 'it isn't possible'. Those remarks come from people who have lost money, or make very little trading.
If such a small percentage of traders make money, don't do what the majority do haha. Do what the minority do. And don't listen to advice from a forum where large numbers of traders congregate.
Of course, if you're trading retail methods, risking tiny amounts, not managing risk professionally, and using a shocking R:R like 1:1 or 1:3. yes it makes it harder to make money.
My new system for example, I follow the banks and the clues they leave behind (they control the markets, not 'bulls and bears'). I don't listen to analysts and their reports. I use the economic calendar to forecast when banks will make their next big moves to my entries or targets. I don't 'trade the news'. I don't use any indicators whatsoever. I trade no less than 1:5 Risk-Reward ratio. My risk is between 1% and 2% per trade. I currently focus on one thing only (US30). I trade whenever I see an opportunity (normally multiple times per day), with 5M as my base timeframe. If I'm averaging 1 out of 3 correct, and risking 1% per trade, aaaand going no less than 1:5, my average daily increase on capital is 3% or more.
It is possible.
RobSchiz
Uczestnik z Mar 25, 2021
567 postów
Jul 26 2021 at 17:06
RyanSimpson posted:Very nice observation.
And in addition to my previous comment (stating that it's possible to make far more than that), keep in mind that it isn't a good idea to ask for advice or insight on here, or any other forex forum. Most forex traders lose money. So when you're getting answers, you're getting answers from people who lose money in trading, more often than from people who make money in trading.
I saw a few answers saying 'it isn't possible'. Those remarks come from people who have lost money, or make very little trading.
If such a small percentage of traders make money, don't do what the majority do haha. Do what the minority do. And don't listen to advice from a forum where large numbers of traders congregate.
Of course, if you're trading retail methods, risking tiny amounts, not managing risk professionally, and using a shocking R:R like 1:1 or 1:3. yes it makes it harder to make money.
My new system for example, I follow the banks and the clues they leave behind (they control the markets, not 'bulls and bears'). I don't listen to analysts and their reports. I use the economic calendar to forecast when banks will make their next big moves to my entries or targets. I don't 'trade the news'. I don't use any indicators whatsoever. I trade no less than 1:5 Risk-Reward ratio. My risk is between 1% and 2% per trade. I currently focus on one thing only (US30). I trade whenever I see an opportunity (normally multiple times per day), with 5M as my base timeframe. If I'm averaging 1 out of 3 correct, and risking 1% per trade, aaaand going no less than 1:5, my average daily increase on capital is 3% or more.
It is possible.
gwendolyncole
Uczestnik z Jun 17, 2021
11 postów
Jul 28 2021 at 09:53
Yes, it is possible to make a gain of 5 to 10 percent every month. I am doing it and a number of my friends are doing the same. Some are making even more but you need to be extremely consistent with your trading and chalk out a proper trading plan. Formulate the right strategies and implement them suitably. Moreover, money and risk management is also essential for better results.