Forex is profitable ?
Member Since Feb 22, 2011
4862 posts
Oct 22, 2019 at 09:50
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
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
Oct 22, 2019 at 10:42
togr posted:Kamrul12063 posted:I think I know thatvontogr posted:
So what do you think distinguish profitable trader and loser?
Certainly you know better
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.
Oct 22, 2019 at 11:22
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.
onebox@
Member Since Feb 22, 2011
4862 posts
Oct 23, 2019 at 11:12
AlexLabro posted:togr posted:Kamrul12063 posted:I think I know thatvontogr posted:
So what do you think distinguish profitable trader and loser?
Certainly you know better
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.
Oct 27, 2019 at 16:13
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!
forex_trader_745947
Member Since Jul 08, 2019
57 posts
Oct 28, 2019 at 19:05
Simply No, The BIG Nooooooooo
Member Since Jan 05, 2016
1189 posts
Oct 28, 2019 at 21:51
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.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Mar 03, 2019
57 posts
Nov 07, 2019 at 15:50
It is profitable for some, it takes lots of time and patience.
Member Since Mar 03, 2019
57 posts
Nov 10, 2019 at 09:41
ratou11 posted:yes this is why it is important to use demo account to test these out.
Forex is profitable, but it will take years for you to find the right strategy.
Member Since Sep 11, 2016
17 posts
Nov 10, 2019 at 15:02
U need a patient and wait... And practice make it prefect
Nov 10, 2019 at 22:49
fletas posted: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..
If you just think about profit, you are a failure. Think of the process itself.
Member Since Sep 11, 2016
17 posts
Nov 13, 2019 at 05:47
yes with correct mm u will profit on forex
Member Since Jan 05, 2016
1189 posts
Nov 13, 2019 at 10:04
andrewliau posted:
U need a patient and wait... And practice make it prefect
And focus on Risk Management as the number one priority.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
