Forex is profitable ?

oshaban posted:
I'm in forex since mid 2003 :(

Agreed. Many years it takes.

I started in 2008.

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.

It would be easier to believe that with real account statement here on mfb

Here is the Holy Grail:

https://forums.babypips.com/t/i-have-found-the-holy-grail/18683

BluePanther posted:
Here is the Holy Grail:

https://forums.babypips.com/t/i-have-found-the-holy-grail/18683

Whatever it is; I don’t believe 100% success ratio in Forex! For me, it’s all about probabilities.

Forex can be profitable if you do it like a job.
I am a pro forex trader, working 10-12 hours per day on diagrams and news.

So the answer is YES but you have to work hard!!

If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

Moving averages work only in trending market condition. Mostly, the market is not trending :)

BenTrader posted:
If you understand Price Action and Volume Spread Analysis, you may focus yourslef on profitable pattern everydays.

Don't use Moving average and others stuff like that, it will lead you to the wrong way.

Market itself everysingle day, learn how to read it , and you may be profitable.

Nope.

There are other way how to analyse market than only Price Action and Volume Spread Analysis

oshaban posted:

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 :(

Awesome, I just saw The Oshaban is on myfxbook. Your Wise man and Legendary trader!

I like EMAs myself.....in trending markets of course.

Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.

BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.

So, if you are unable to make money here; that means; you need to learn more. All the best.

BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.

Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

GoldAbu posted:

BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.

Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

How long have you been learning?

jamesgwyther posted:

GoldAbu posted:

BenTrader posted:
Yes you are right. There are others ways as well.

But to the question if Forex is profitable, I would answer yes for sure.

Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now

How long have you been learning?

Hello; this question depends on many parameters & you may notice; there have different types of scenarios in everywhere! But no doubt, learning is a long term process here.

Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now
I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.

BenTrader posted:

Are you profitable? If so could you please share your strategy? I have been struggling a bit recently. I have a good week to start but lots of losing trades now
I only use Price Action and VSA. ( Only volumes on the charts , no indicators )

I also use a CSM that I have made coded, to find quickly a good pair to trade.
I focus myself on clear pattern on London and New York open.
Most of my analysis are made on H1 Timeframe.

I only take a position when I understand what is going on.





Maybe you should start analysis with big timeframe.

Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames

I vote for 1H, and I try to make my decisions based on that. I also use shorter time frames for estimating entries and exits, longer for support & resistance level analysis. I never have been using 1M and hardly ever 5M profitably. I think the shortest time frames are too expensive for a retail trader who is using a market making broker.

I think 1H is just ok. One can trade both long term and short term with it.