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Can forex trading make you rich ?
Участник с Feb 22, 2011
4862 комментариев
Sep 11, 2015 at 12:58
Участник с Feb 22, 2011
4862 комментариев
Zectang posted:Lagurteng posted:
I'd like to leave my own opinion. I believe that it actually can make you rich, but before you come to it, you will have to suffer losses during considerable period of time. it's a long way of learning, trying, and studying from losses. Correct me if I'm wrong, but I see it this way.
Yes, it's really so. I'd also like to highlight the fact that on forex, as well as on any other job, you will not get rich in several days. You have to gain experience and realize what it takes to full extent first.
Exactly:)
Участник с Feb 02, 2015
4 комментариев
Sep 11, 2015 at 13:02
Участник с Feb 02, 2015
4 комментариев
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.
ted@
Участник с Feb 22, 2011
4862 комментариев
Sep 11, 2015 at 13:18
Участник с Feb 22, 2011
4862 комментариев
TedWaller posted:
With a good system/strategy... great balanced risk ratio... and human control with no rules break... yes you can do it.
Thats not enough you need good risk management system as well.
Участник с May 20, 2011
724 комментариев
Sep 11, 2015 at 15:23
Участник с May 20, 2011
724 комментариев
You can get rich doing a lot of things. Investing is one of them.
Участник с Mar 19, 2015
3 комментариев
Sep 13, 2015 at 05:53
Участник с Mar 19, 2015
3 комментариев
I am sure you all heard about George Soros who made his luck with trading currencies. So the answer is yes, you can be one of the richest persons in the world by trading forex.
Участник с Feb 02, 2015
4 комментариев
Sep 13, 2015 at 05:54
Участник с Feb 02, 2015
4 комментариев
'Great balanced risk ratio' includes a risk management study to define trading rules... really its an 'all in one' where each study aspect is necessary to be constant.
(Sorry if i dont explain correctly the ideas... my english is limited).
Ted.
(Sorry if i dont explain correctly the ideas... my english is limited).
Ted.
ted@
forex_trader_29148
Участник с Feb 11, 2011
1916 комментариев
Sep 13, 2015 at 05:54
Участник с Feb 11, 2011
1916 комментариев
some that get it can make decent money
Участник с Sep 11, 2015
8 комментариев
Sep 13, 2015 at 05:54
Участник с Sep 11, 2015
8 комментариев
Actually, why not? In case you have already been in forex for a couple of years and you understand strict realities, then you might realize that in some more years you can become rich.
P.S.
Участник с Jun 05, 2014
35 комментариев
Sep 13, 2015 at 05:54
Участник с Jun 05, 2014
35 комментариев
yes, but not overnight.
It's all in the mindset.
Участник с Nov 21, 2011
1718 комментариев
Sep 19, 2015 at 18:39
(отредактировано Sep 19, 2015 at 18:40)
Участник с Nov 21, 2011
1718 комментариев
CrazyTrader posted:
@FxMasterGuru
Yes you are right... Always the same story.
Let me build my army... you will see my point later.
I'm ready to try to acheive the topic.
I have created 4 new accounts of $150 each from the first account.
Now I can start to compound profits on each account as my fx Army is built (I had to create 10 like this... but it's too long)
.... to be continued
https://www.forexfactory.com/pipsfestival
Участник с Aug 28, 2015
50 комментариев
Sep 21, 2015 at 13:40
Участник с Aug 28, 2015
50 комментариев
I left my full time job a few year ago, all thanks to forex trading. ;)
Let's get down Forex Black Market, expose fake Expert Advisors!
Участник с Sep 12, 2015
1948 комментариев
Sep 22, 2015 at 21:17
Участник с Sep 12, 2015
1948 комментариев
FxMasterGuru posted:
@peter977
Agree, Peter. Those successful individual traders - the '5%' - just don't come here to MyFxBook...
Why...? Because they simply don't need clients and attention...
I have seen both sides,its not a pretty sight believe me,investing clients money is a mind field,great for the broker,I have been asked by people to invest for them but i refused because i want to sleep at night.I make a steady income on my own account and it didn't take years ,you just need the right training and some experience of working in a financial trading company.I know for a fact that professionals do check certain web sites for bias.
"They mistook leverage with genius".
Участник с Sep 12, 2015
1948 комментариев
Sep 22, 2015 at 21:17
Участник с Sep 12, 2015
1948 комментариев
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)
I like your Quote!
"They mistook leverage with genius".
Участник с May 01, 2015
5 комментариев
Sep 26, 2015 at 15:41
Участник с May 01, 2015
5 комментариев
William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)
i wish i can do that, but it is so boring staring at chart all the time
one shot one kill
Участник с Sep 12, 2015
1948 комментариев
Sep 27, 2015 at 05:56
Участник с Sep 12, 2015
1948 комментариев
I spend little time looking at a screen ,unless im scalping,most of my time im doing research on a stock,forex or waiting for a news event.
I watch the open ,crossovers and 11.30am,14.30 ,16.30,18.00-19.00.
I wait for the trade to come to me,if it dont meet the levels I want I wait until it does,set an alert.
be lucky.
I watch the open ,crossovers and 11.30am,14.30 ,16.30,18.00-19.00.
I wait for the trade to come to me,if it dont meet the levels I want I wait until it does,set an alert.
be lucky.
"They mistook leverage with genius".
Участник с Jun 15, 2013
37 комментариев
Sep 27, 2015 at 21:24
Участник с Jun 15, 2013
37 комментариев
Yes it can. The first thing you have to accept is that you can and you will lose money. Don't try to save a losing trade. Just cut if and go. Study why it was a bad trade.
Then focus on next trade. If it is in profit good but don't try to squeeze all that you can out of it. Set a limit on how much you should get.
Never get excited trading the markets. That's the biggest mistake you can make. This is so because it leads to over trading.
Just keep on trading until you no longer feel any emotion but rather logic. Accept also the fact that your technical analysis will not work all the time. Just make sure your wins because of technicals is bigger than your losses due to fundamentals.
Then focus on next trade. If it is in profit good but don't try to squeeze all that you can out of it. Set a limit on how much you should get.
Never get excited trading the markets. That's the biggest mistake you can make. This is so because it leads to over trading.
Just keep on trading until you no longer feel any emotion but rather logic. Accept also the fact that your technical analysis will not work all the time. Just make sure your wins because of technicals is bigger than your losses due to fundamentals.
Участник с Aug 20, 2015
1 комментариев
Sep 28, 2015 at 09:02
Участник с Aug 20, 2015
1 комментариев
This is the new strategies - wait for the trade to come to me,if it dont meet the levels I want I wait until it does,set an alert
good thinking and many people follow this idea.
Участник с Sep 12, 2015
1948 комментариев
Sep 28, 2015 at 09:05
Участник с Sep 12, 2015
1948 комментариев
You will probly never know why it was a bad trade,there are to many possibilities as to why,you cant always be right.Its ok to have a set target like 2:1 or 3:1 or above,but be aware of how much the price moves from its average,say 50 pips.Obviously if its a strong trend don't set a limit.If you can add to a winning trade it makes a considerable difference.
"They mistook leverage with genius".
Участник с Nov 21, 2011
1718 комментариев
Sep 28, 2015 at 09:09
Участник с Nov 21, 2011
1718 комментариев
snapdragon1970 posted:
You will probly never know why it was a bad trade,there are to many possibilities as to why,you cant always be right.Its ok to have a set target like 2:1 or 3:1 or above,but be aware of how much the price moves from its average,say 50 pips.Obviously if its a strong trend don't set a limit.If you can add to a winning trade it makes a considerable difference.
GBPUSD right now can be a good opportunity to build long... or not !
Good luck
Участник с Aug 28, 2015
50 комментариев
Sep 28, 2015 at 16:16
Участник с Aug 28, 2015
50 комментариев
dannbb posted:William82 posted:
I left my full time job a few year ago, all thanks to forex trading. ;)
i wish i can do that, but it is so boring staring at chart all the time
Not at all.
I am traveling almost all the time. It takes me only a few hours per day to check charts.
I can call myself as swing trader, and also i have invested money into a few stable EA systems, it brings me constant profit..
No secrets or miracles, just take a time to analyse or develop some trading system and start trading.
Best Regards,
William
Let's get down Forex Black Market, expose fake Expert Advisors!
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