profits in forex trading

Do people usually generate profits in forex market. I have been trading in stocks and is able to generate some profits but i am highly skeptical about trading in forex market will i beable to gain something out of my trades or not.

Trading forex is complex and requires a level of patience that is off the charts if you want to be extremely successful. When you first start trading, the amount of patience required is beyond most people's understanding. You can't gain that level of patience unless you have experience. You can have all the trading talent in the world, but w/o experience you are at a disadvantage to a more experienced trader.

richardmarcus posted:
Do people usually generate profits in forex market. I have been trading in stocks and is able to generate some profits but i am highly skeptical about trading in forex market will i beable to gain something out of my trades or not.

Yes I have been making profit, but you cannot just say that without expecting any learning or knowledge. You will need to know more about not just forex marketing, but paying attention to charts and indicators that is implying either bullish or bearish.

blixtpiece posted:
People make profits in the forex market. There are no hard and fast rules that you need to follow.

ahan... but i have heard when people go live they are not able to generate as much profits as compared to demo accounts

richardmarcus posted:
Do people usually generate profits in forex market. I have been trading in stocks and is able to generate some profits but i am highly skeptical about trading in forex market will i beable to gain something out of my trades or not.

Yes people do generate profit..there is no shortcut or fixed time line for that. they can make $100 in 10 trades and on the other hand lose $100 in just 1 trade.so winning and lossing are part of the game..

I consider forex as a business. It is also a business like other businesses. But the distinction is the vast majority of traders in forex take impulsive decision. This is the thing that make the forex business unsafe. If you take after the tenets of risk management and can control your emotions you can get colossal achievement around here.

Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.

The foreign exchange market promises so many possibilities to the trader. Many people may be interested in the forex but are only afraid to take the first step. This attitude should be turned around. Just have a good vision, take the necessary steps and make the forex venture a success.

Tremblay posted:
I consider forex as a business. It is also a business like other businesses. But the distinction is the vast majority of traders in forex take impulsive decision. This is the thing that make the forex business unsafe. If you take after the tenets of risk management and can control your emotions you can get colossal achievement around here.

yea patience is always good in any kind of business and trading always require some kind of patience

Yes, you can certainly make money in the forex market, given you are ready to put in the hard work . Forex market is way different from a stock market. You better gain knowledge of the forex market and trade on a demo account for a good amount of time. Then move on to a live account with a very small deposit and see if you can double them. You need to find a strategy that works for you.

It can be difficult to generate profits in forex at first but with proper learning and education, anyone can make better returns.

triticieek posted:
It can be difficult to generate profits in forex at first but with proper learning and education, anyone can make better returns.

That is true to some extent but do not underestimate the time it may take to learn and make profit. It can take many years

triticieek posted:
It can be difficult to generate profits in forex at first but with proper learning and education, anyone can make better returns.

True. New traders often face hardship in trading.

78678676 posted:
Yes, you can certainly make money in the forex market, given you are ready to put in the hard work . Forex market is way different from a stock market. You better gain knowledge of the forex market and trade on a demo account for a good amount of time. Then move on to a live account with a very small deposit and see if you can double them. You need to find a strategy that works for you.

I agree, I am doing 'Challenges' with accounts with different deposits and brokers, you can look at them from my profile if you are interested 😁

Proper knowledge is required first when doing the forex market. If it is possible to develop proper knowledge and skills, it is possible to earn a lot of money by trading. I made a lot of losses when I joined the Forex market as a beginner trader but after a lot of research, I am now able to make some profit.

Both the fundamental and technical analysis are very important for any trader who really want to make success here he must try his best and be learn how to do the forecast and get what its take to succeed here as well

90% or less doesn’t matter. Mostly loser from here not only due to lack of real market principle, they lose because they try to revenge from here after a huge loss. this is the foremost reason for 95% statistics.

i dont beieve the percentage , i dont know which organization published this statistic

78678676 posted:
Yes, you can certainly make money in the forex market, given you are ready to put in the hard work . Forex market is way different from a stock market. You better gain knowledge of the forex market and trade on a demo account for a good amount of time. Then move on to a live account with a very small deposit and see if you can double them. You need to find a strategy that works for you.

i agree with you hard work for make money from forex market
but i have to get 100% for a month from my capital