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Forex is profitable ?

BookHog
Aug 31 2018 at 07:16
9 inlägg
Compounding is great but with a small account (<$500) it can still take a very long time to make any serious money

traderci
Aug 31 2018 at 07:23
1 inlägg
It is profitable for institutional traders and 5-10 % of day traders.
Most people lose

MellinGainin
Aug 31 2018 at 07:23
5 inlägg
GreenTrades posted:
LongVision posted:
Adribaasmet posted:
LikeMustard posted:
I strongly agree with point 1. So many people want to make 1000% every day but that is BS. 0-10% a month is awesome, many pro traders would give their right arm for such figures


I really agree with you; 10% is a decent monthly return; that means end of the year 120% monthly return; it’s quite enough.

Little correction here if you earn 10% monthly then your return at the year end will be 214% not 120% due to effect of compounding if you reinvest all your monthly profits. But it is still really hard to earn 10% monthly consistently for long periods of time.


True, which is why compounding is awesome and is an 8th wonder of the world.


Ok, let's add a 3rd point to my 2 above: CONSTANTLY WITHDRAW MONEY. Why leaving it there? Money in Forex is money at risk, each month can last one in profit. So, don't suppose you'll realize +10% every month and pick interests regularly, or at least a part of them.

Searman
Aug 31 2018 at 07:39
13 inlägg
Though I'm new here, but I've been trading for years. I've heard enough that more risk produces more income. But it'd be best if you add it with the another perspective: No pain no gain. That's where I've been. Mixture of risk and pain is a real good teacher.

jamesgwyther
Aug 31 2018 at 08:24
289 inlägg
Searman posted:
Though I'm new here, but I've been trading for years. I've heard enough that more risk produces more income. But it'd be best if you add it with the another perspective: No pain no gain. That's where I've been. Mixture of risk and pain is a real good teacher.



Are you consistently profitable these days?

jamesgwyther
Aug 31 2018 at 08:24
289 inlägg
BookHog posted:
Compounding is great but with a small account (<$500) it can still take a very long time to make any serious money


Are you in a rush lol?

Scotty888
Sep 02 2018 at 06:13
12 inlägg
Aren't we all in rush to make money!!!!

Matt (BluePanther)
Sep 02 2018 at 06:17
1354 inlägg
jamesgwyther posted:
BookHog posted:
Compounding is great but with a small account (<$500) it can still take a very long time to make any serious money


Are you in a rush lol?


Yes, most everyone else is. We want to be rich yesterday, live today, die tomorrow.

Perhaps you don't? You are among the few with patience for sure... 😁

estraub
Sep 02 2018 at 06:31
23 inlägg
jamesgwyther posted:
BookHog posted:
Compounding is great but with a small account (<$500) it can still take a very long time to make any serious money


Are you in a rush lol?


He's looking for a get rich quick scheme 😁 😂 😝

Searman
Sep 02 2018 at 07:11
13 inlägg
jamesgwyther posted:
Searman posted:
Though I'm new here, but I've been trading for years. I've heard enough that more risk produces more income. But it'd be best if you add it with the another perspective: No pain no gain. That's where I've been. Mixture of risk and pain is a real good teacher.



Are you consistently profitable these days?


How I wish to say yes. Still I'm grateful that I'm getting much better than early stages, it's not an easy journey, winning sides are improving. It does not mean that you can't be profitable. I just don't spend much on trading, as I do day work and taking care of family, less time for trading.

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