Forex is profitable ?

Forex is always profitable. But not necessarilly for you.
Think about it, if you have losing trade, is there counterparty(ies) who make(s) profit.
Indeed there are
 - somebody who trades opposite to you
 - your broker always make money when you trade. Fair broker does no play against you. But there are many that profit when you lose
- I am sure there are more parties making profit when you lose

togr posted:

Kamrul12063 posted:

vontogr posted:
So what do you think distinguish profitable trader and loser?

Certainly you know better

I think I know that
But learning from others is important part of being successfull

You are absolutely right. But what do you think about instability of market behavior?
Some books and strategies that worked previously may not work in current market conditions.

AniLorak posted:

Mohammadi posted:
in order to me, anyone can be profitable trader , its not a bid deal , the main issue is to keep continue the same profit ratio.

Basically, only good skilled traders are able to make decent profit in a long run; with an ordinary trading skill; consistency will be an illusion.

You do not need much skills. All you need is a good strategy, money management skills and patients.
The brokers are crucially important because if you trade OTC (Over Counter Trading) you sell to them. And even if you are in profit the broker wants to buy from you as cheaply as possible so your job is not to let them buy for peanuts. Always have several brokers if you are serious in trading.
Consistency is not an illusion it is a reality. 15 Year on raw and keep counting.

AlexLabro posted:

togr posted:

Kamrul12063 posted:

vontogr posted:
So what do you think distinguish profitable trader and loser?

Certainly you know better

I think I know that
But learning from others is important part of being successfull

You are absolutely right. But what do you think about instability of market behavior?
Some books and strategies that worked previously may not work in current market conditions.

Everything is going in cycles. There have always been various events moving markets a lot and periods of small volatility. I haven't updated a single line of code of my strategy for years and it is working well.

the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

Imamul posted:
the man who can make real money from here of course has most powerful analyzing trading knowledge including a reliable support from a credible trading broker.  

Basically, trading strategy plays the key role here! With a good trading strategy the journey will be very smooth; otherwise no way!

Simply No, The BIG Nooooooooo

GlobalScalper posted:
Simply No, The BIG Nooooooooo

If an investor is not profitable, it's generally due to ignoring the basic rules of Risk Management.

Don't over trade.
Cut your losses.
Run your winners.
Use reasonable TP and reaonable SL price targets.
Trade high probability setups only.
Use automation where possible.
Use a profitable strategy which does not violate the risk management rules.
Trade with 100% ZERO emotions.

A high probability setup may occur once a day, multiple times a day, once a week, once a month, or even longer times between appearance of the setup.

NEVER trade just to trade in the markets. TRADE ONLY when it's going to be a high chance of profits.

Look at your trading history and review your bad trades and determine WHY the trade was bad and determine why you thought they were going to be good. Figure out WHY it happened, and adjust your understanding of the markets accordingly, then create a new risk management rule for future reference so you can learn from this.

GlobalScalper posted:
Simply No, The BIG Nooooooooo

Basically it depends; but no doubt, with an ordinary trading skill; it’s really impossible to make money! Success is all about the trading knowledge in Forex.

buy low 'n sell high on up trend
sell high 'n buy low on down trend
low leverage


Buy cable now 'n sell 2040.

To be profitable in forex, one has to be very active on the news and know how market reacts to it. basically have a good experience. i think, to be steadily profitable, it takes almost 1-1.5 years of experience in the live market.

It is profitable for some, it takes lots of time and patience.

Forex is profitable, but it will take years for you to find the right strategy.

ratou11 posted:
Forex is profitable, but it will take years for you to find the right strategy.

yes this is why it is important to use demo account to test these out.

U need a patient and wait... And practice make it prefect

If you just think about profit, you are a failure. Think of the process itself.

fletas posted:

If you just think about profit, you are a failure. Think of the process itself.

That's a bit of a funny statement. Of course you shouldn't be thinking about 'quick profit'. But the ultimate goal of any strategy is to make profits lol..

yes with correct mm u will profit on forex

steveday1976 posted:
It is profitable for some, it takes lots of time and patience.

yes you have to be really patient and eager to learn to become successful in the forex.