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Forex is profitable ?

Matt (BluePanther)
Dec 02 2018 at 07:53
1355帖子
Kalamo posted:
Forex is a very profitable market when you have a decent investment. No need to explain that you can live well with 10% ROI monthly if your account size is 1,000,000$, but if your account size is 1,000$ you will only have 10$ of profit per month.


10% of $1000 = $100 (not $10)

KzakSerik
Dec 02 2018 at 08:42
10帖子
If a system has strict rules then surely you can turn it into an EA to work for you? Why don't you do that and share it with the group?

jamesgwyther
Dec 04 2018 at 07:32
289帖子
Don't follow other people's systems. Work hard and create your own!

Naim123
Dec 04 2018 at 09:34
3帖子
Hey there! Share, please, your thought's about risk management systems. And advise some books about it, please.

Amancio
Dec 04 2018 at 10:58
10帖子
jamesgwyther posted:
Don't follow other people's systems. Work hard and create your own!


I don't agree. It is better to find an expert who already has all the knowledge and then use their system. If I get divorced I do not learn all about the law so that that I can reach a settlement, I hire an expert lawyer. It is naive to think that you can learn to be an expert in a short period of time

jamesgwyther
Dec 06 2018 at 15:35
289帖子
Amancio posted:
jamesgwyther posted:
Don't follow other people's systems. Work hard and create your own!


I don't agree. It is better to find an expert who already has all the knowledge and then use their system. If I get divorced I do not learn all about the law so that that I can reach a settlement, I hire an expert lawyer. It is naive to think that you can learn to be an expert in a short period of time


Who is talking about a short period of time?

A divorce is a one time thing, I am talking about learning something for life here!

JanSzyman
Dec 12 2018 at 07:16
4帖子
There are so many ways to get profit in Forex. Sell your trading systems, sell your experts, be an IB partner, be a PAMM trader or just be a trader.

Titan Black (csang)
Dec 12 2018 at 10:58
1帖子
JanSzyman posted:
There are so many ways to get profit in Forex. Sell your trading systems, sell your experts, be an IB partner, be a PAMM trader or just be a trader.


True. So many ways to skin a cat

The market is a device from transferring money from the impatient to the patient
Mohammadi
Dec 14 2018 at 10:10
886帖子
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.

Imamul
Dec 16 2018 at 09:55
650帖子
In Forexd trading we the traders first of all have to make sure a best trading broker for leading a secure and comfortable trading life, because the trading broker can affects the result of our trading with certainly. we can choose regulated trading broker which guarantee their clients funds.

AniLorak
Dec 16 2018 at 11:17
920帖子
Mohammadi posted:
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.


No doubt, revenge trading is one of the most common problem here! For being a good trader, it’s very much important to check our own emotions & greed.

Imamul
Dec 17 2018 at 12:42
650帖子
For me, Forex trading business is the most decent way of money making! That’s way, I have already decided to use this money earning opportunity as my full time profession! Although, I struggled a lot because I started my trading without any teacher! Here, popular forums helped me a lot including this one!

Matt (BluePanther)
Dec 20 2018 at 08:13
1355帖子
So true...

Hey, it's Chris...

One of the most important skills a trader needs is the ability to understand what the market is 'saying' via price action.

You see, once you understand how to read a price chart, you'll be able to tell what a market is thinking and feeling at any given moment!

To amateurs, a candlestick chart shows nothing more than Open, Close, High and Low prices...

But to the informed trader, a candlestick chart reveals a treasure chest of information that can be used to his advantage. This is information that is largely invisible to the untrained eye.

This is why good traders can trade on a bare candlestick chart, while the amateurs have to rely on technical indicators and chart patterns.

The thing is, price action contains the latest market information, while technical indicators and chart patterns are usually slow (lagging) indicators.

This is why, if you want to succeed at trading, you need to understand how to read and interpret price action.

And for that, I'd encourage you to check out the Candlesticks Made Easy e-book:

Candlesticks Made Easy
https://forexcandlesticksmadeeasy.com/

Here's what reader Joel Stuart said about it:

'This is so much more helpful than trying to memorize all the different candle formations. Now I can look at a chart and know where the price action may be heading because I understand how to interpret the candlesticks.'

And here's what reader Sean Taylor said:

'You are not just telling us to buy here and sell there, but you explain why prices move as they do and what influences the move. And this is READER FRIENDLY!'

You can find out more here:

Candlesticks Made Easy
https://forexcandlesticksmadeeasy.com/

Talk soon,
Chris
Founder Pipmavens.com

oshaban (oshaban)
Dec 21 2018 at 09:01
190帖子
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.

... oshaban ... skype: oshaban27 ...
Imamul
Dec 23 2018 at 08:00
650帖子
For me, Forex trading business is the most decent way of money making! That’s way, I have already decided to use this money earning opportunity as my full time profession! Although, I struggled a lot because I started my trading without any teacher! Here, popular forums helped me a lot including this one!

AmDiab
Dec 23 2018 at 08:02
718帖子
oshaban posted:
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.


Wow; inspirational story! By the way, how many years it took to be a consistent player here?

Imamul
Dec 23 2018 at 14:44
650帖子
For me, Forex doesn’t mean unlimited profit! Now I am making only 10% profit (in average) with my 5 years trading experience! BY the way, yes I am happy on my trading performance!

oshaban (oshaban)
Dec 31 2018 at 07:55
190帖子
AmDiab posted:
oshaban posted:
Yes. Forex is profitable if you use it wisely. You need to be patient to educate yourself as first step with high degree of patience.
Think about everything in the logical way.

I threw back my PhD degree and work as full time in forex as strategies researcher, IB, coder, account management (sometimes)...
Lately, I coded my best ever EA which made to me 827% of profit in just 7 weeks.


Wow; inspirational story! By the way, how many years it took to be a consistent player here?


I'm in forex since mid 2003 :(

... oshaban ... skype: oshaban27 ...
thinkpad954
Dec 31 2018 at 13:32
9帖子
Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding. Start trading for a skill instead of a profit, and in time, the profits should come with the skill.

AmDiab
Jan 01 2019 at 10:47
718帖子
thinkpad954 posted:
Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding. Start trading for a skill instead of a profit, and in time, the profits should come with the skill.


Same opinion from me! Yes, trading skill is very much important parameter here; without a proper trading skill the path is too much sticky.

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