WHO trades forex for more than 10 years and keeps making regular profits

I think it is not easy to make profits in Forex for 10 years. I started a few weeks ago.

Baileyhart posted:
I think it is not easy to make profits in Forex for 10 years. I started a few weeks ago.

The thing is that nobody here can prove such a history.
But it is not easy to keep 10 years old accounts as brokers are diminishing and sometime man change broker as well.
Not talking about trading issues.

Wongkito posted:
Nice

😎

togr posted:

Baileyhart posted:
I think it is not easy to make profits in Forex for 10 years. I started a few weeks ago.

The thing is that nobody here can prove such a history.
But it is not easy to keep 10 years old accounts as brokers are diminishing and sometime man change broker as well.
Not talking about trading issues.

this is true, and also people do not like to show their losses... so it is a difficult one to monitor and have data on

Indeed no one here can demonstrate such a history.

In any case, it is difficult to keep 10 years of age accounts as representatives are reducing and at some point man change specialist too.

Not looking at exchanging issues.

I have been trading consistently for five years now, in that time i have been forced to move brokers twice. Once because a broker shut me down and refunded me my money without any reasoning, the second was the recent esma changes which effected my trading style. A lot of retail brokers that was around 10 years ago, are sadly no longer with us.

I have been exchanging for a long time. Been profiting reliably for most recent 4 years. I just observe that number expanding as I cannot see myself lose cash once more.

My experience, when we know about broker, first we should choice whats their regulate. my suggest NFA USA, FCA UK, MiFid still recomm for me, savety, trust, credibel regulate

my opinion

I have been in forex for ten years. I blew up three accounts even my forecasts almost right. It is all about pyschology and money plus trade management really. Because even if you are in the right direction sudden market movements can harm you badly. Likewise many other things. You have to be careful and full disciplined all the time. In time you develop gut about market.
Regards

From my personal experience, consistency in the FX market is achieved through strict money management and discipline. Remember that your trading statistics are far more valuable than your profits. It's your proven track record that paints this picture. Grow and evolve with your account instead of rushing it; 'Slow and steady wins the race'.

This is the mindset that I've adopted, let's see if it pays off into the future.

I am a beginner,any advice ?Please

Mofokeng_Motikoe posted:
I am a beginner,any advice ?Please

what is your expect from the market ? Do you plan to trade or invest ? What kind of markets ? What instruments ?

Well I am looking to invest,not sure what you mean when saying 'what kind of markets and what instruments'

Thank you

Many individuals do, as I would see it. The more one exchanges, the more steady one's benefits ought to turn into.

Mofokeng_Motikoe posted:
Well I am looking to invest,not sure what you mean when saying 'what kind of markets and what instruments'

Thank you

e.g Forex, futures, CFds, stocks, bonds etc

I have above 10 years + in the business...and i can say we doing well for ourselves,better than your average Joe in here.
Losses are inevitable.But our strike rate is 90%.
There is no 100% clean record.that is all i can say.Most of my losses are not from being wrong from the trade i took but rather pop up fundamentals that end up scratching us out at break even and we count those as losses.That is what i mean by losses,but on the contrary predicting a wrong trade i have never done in the last 7years of my career,the first 4 years of my career were a mess though.A horrible mess...!!

conclusion:I do incure losses BUT i have never lost a trade prediction in the last 8-9 years till today.
(so there you have it.)
Hope you got the info you wanted.
regards...

Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?

I have traded forex actively for more than 10 years. I traded almost everyday with occasional breaks after losing. I turned a small demo account into a multi million dollar account before going live with 10k borrowed funds. That was october 2005. I really believed I was some kind of genius and calculated I would be retiring by Christmas that same year. Worst case scenario was 100k up. I lost 5k in the first two weeks and another 5k by the third month. by the end of the first year I was down 20k.

 I never gave up, although I often wished I had never started. I got better and lost less as the years went by. I doubled a few accounts and even tripled one only to eventually lose most of my gains. This year, my 13th year of forex, I have doubled my money over 12 months with low risk. I have withdrawn my original stake so all money in my account is pure profit. I consider this a great achievement even though the entire forum at forex factory are profitable after a year or two

You opinion is not wrong. The stats don't lie and they are public now. Every quarter the brokers publish the stats and around 25% are profitable over 3 months. that number dwindles to 99% losers by the end of a year. Of course brokers have to market very aggressively to get new clients to replace the old. That is the business model of a broker

I believe with all the time and money I spent on forex trading, I could have much more easily trained myself to be a high earning professional and achieved a much better return for my efforts

I find it quite easy to take money from the market now with very low risk. I target 0.5% per day and regularly exceed this when a trend is in play like the recent fall in the Aussie dollar. However, there was never a guarantee this was going to happen. It was very close to a decade completely wasted. I was a very fit 40yo when I started in 2005. By my 50th birthday in 2014 I was obese and diabetic. I have lost the weight now and manage the diabetes well after learning a thing or two about discipline but it really wasn't worth that price.

There are much better, more creative and constructive endeavours for you to pursue. Doctor, Lawyer, Scientist all take hard work, time and discipline but not as hard or as long or as disciplined as trading. If you are ever able to trade profitably, you will be beating most professional traders and hedge funds if you can get 10% per year. Consistent, double figure returns are achieved by only a few, elite traders. That means you are going to need a million dollar account to make a modest 100k. Find me one forex trader, who has made a fortune from a small account. If you achieve this, you will be the first, unless I beat you to it

Anyway thats my story. Im a happy man, I appreciate the valuable things in life like health and family. Trading takes hardly anytime at all now, somedays I'm done in minutes. I don't look forward to it, its not fun, I see it as a job to do but I do get satisfaction from being this good at something after trying so hard for so long.
Having said that, I wouldn't recommend forex to my worst enemy to be honest.

Good Luck

macdoug posted:

Gowaletasia posted:
I would like to ask if there is a forex trader more than 10 years old and still generate regular profit here ?

I have traded forex actively for more than 10 years. I traded almost everyday with occasional breaks after losing. I turned a small demo account into a multi million dollar account before going live with 10k borrowed funds. That was october 2005. I really believed I was some kind of genius and calculated I would be retiring by Christmas that same year. Worst case scenario was 100k up. I lost 5k in the first two weeks and another 5k by the third month. by the end of the first year I was down 20k.

 I never gave up, although I often wished I had never started. I got better and lost less as the years went by. I doubled a few accounts and even tripled one only to eventually lose most of my gains. This year, my 13th year of forex, I have doubled my money over 12 months with low risk. I have withdrawn my original stake so all money in my account is pure profit. I consider this a great achievement even though the entire forum at forex factory are profitable after a year or two

You opinion is not wrong. The stats don't lie and they are public now. Every quarter the brokers publish the stats and around 25% are profitable over 3 months. that number dwindles to 99% losers by the end of a year. Of course brokers have to market very aggressively to get new clients to replace the old. That is the business model of a broker

I believe with all the time and money I spent on forex trading, I could have much more easily trained myself to be a high earning professional and achieved a much better return for my efforts

I find it quite easy to take money from the market now with very low risk. I target 0.5% per day and regularly exceed this when a trend is in play like the recent fall in the Aussie dollar. However, there was never a guarantee this was going to happen. It was very close to a decade completely wasted. I was a very fit 40yo when I started in 2005. By my 50th birthday in 2014 I was obese and diabetic. I have lost the weight now and manage the diabetes well after learning a thing or two about discipline but it really wasn't worth that price.

There are much better, more creative and constructive endeavours for you to pursue. Doctor, Lawyer, Scientist all take hard work, time and discipline but not as hard or as long or as disciplined as trading. If you are ever able to trade profitably, you will be beating most professional traders and hedge funds if you can get 10% per year. Consistent, double figure returns are achieved by only a few, elite traders. That means you are going to need a million dollar account to make a modest 100k. Find me one forex trader, who has made a fortune from a small account. If you achieve this, you will be the first, unless I beat you to it

Anyway thats my story. Im a happy man, I appreciate the valuable things in life like health and family. Trading takes hardly anytime at all now, somedays I'm done in minutes. I don't look forward to it, its not fun, I see it as a job to do but I do get satisfaction from being this good at something after trying so hard for so long.
Having said that, I wouldn't recommend forex to my worst enemy to be honest.

Good Luck

That is very honest and clear message. What else can I add? Perhaps it is really hard to like separate personal and work life when you are trading for living. Even with fully automated trading, which is my way of making profit with forex it is necessarry to be on alert to resolve anything needed like account disconnection. This continous interference is crupling your personal life and health.

Trading from many years but it not reached at 10 but doing profit well 😐