Forex is profitable ?

Jdimitrov posted:
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4

I use H4 mainly for support & resistance analysis.

BenTrader posted:
Yep, Traders who lose money don't trade correctly.

Trading is simple when you understand a few basic things.

Nice expression. Could you share your simple basic things?
(This is a rhetorical question)

P.S. 'understand' is not 'adhere'.

So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.

Forex is profitable as long as you have a decent system for managing risk, aim too high and you will burn.

We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.

babypips is ok but it is very basic. I also think that it makes Forex sound simpler than it really is. There is a lot of analysis required for Forex and babypips just scrapes the surface

If people are consistently doing it then that answers the question surely?

What do you mean? Profit?? People are consistently making losses in Forex. Most people cannot make profit. It is difficult to find anyone who make consistent profit at this game

Forex is profitable as long as you are using the right strategies to place the trade. You must be completely aware of all the terminologies before placing trades in the live environment. The leverage, spreads should be kept in consideration before placing any trade. The best option to learn about the forex market is to place as much trades as you can on the demo account so that you can become familiar to market conditions, its liquidity, and volatility. Choosing a right broker also plays an important role in forex as the money makers make money when the traders lose, so in order to earn more profit, search for a pure ECN broker with lower spreads.

Alcides666 posted:
What do you mean? Profit?? People are consistently making losses in Forex. Most people cannot make profit. It is difficult to find anyone who make consistent profit at this game

I am sure majority of them [being profitable] are in this discussion. :)

It is better to show your performance on your profile before you comment here. At least, it is proven and peoples can take your words 😀

AnthonyWins posted:

BenTrader posted:
Yep, Traders who lose money don't trade correctly.

Trading is simple when you understand a few basic things.

Nice expression. Could you share your simple basic things?
(This is a rhetorical question)

P.S. 'understand' is not 'adhere'.

1-Price goes from ranges to ranges , it can be horizontal or ascending/descending.
2-Market is fractal, it means that it repeat itself in different scale.

If you understand clearly this 2 simple things then you are ready.

And when you open a graph ( And I am speaking about every graphs, GOLD, NASDAQ, Forex pairs, etc.. )
you will understand that it always follows the same logic.

I don't have to prove anything.
If people don't want to take my words I don't care.
Do whatever is good for you.

Yes, forex trading is profitable, but it's not for everyone. It's a highly risky market. Some time,
Many times traders also become a beggar 😇

I think it takes a lot of time outside of trading.

looking at markets, reading strategies etc

This part of the process is often overlooked

We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.

georgequayle posted:
I think it takes a lot of time outside of trading.

looking at markets, reading strategies etc

This part of the process is often overlooked

Of course, it takes such a long time. That’s why, in Forex the success ratio is near about only 10%.

Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.

if you are serious and put the effort in to learning then there is no reason why it wouldn't be profitable.

Forex is a very profitable business, but at the same time very risky. You should always be ready to change your strategy and adapt to current conditions of the Forex market