Very tough business.
Miembro desde Sep 17, 2019
posts 8
Nov 20, 2019 at 11:10
But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any
Miembro desde Aug 16, 2011
posts 110
Nov 20, 2019 at 12:08
They say that trading currencies is of one of the hardest and most stressful professions!
I tried for a while and then packed it in and moved to trading spot gold, whilst it is still unpredictable, it is not as volatile as forex.
I think with forex the main people who are making money are the brokers and the top 1-2% of traders.
Still, look on the positive side, there are a heck of a lot of worse hobbies to have out there! When trading you are keeping up with economic announcements and learning about fundamentals whilst testing technicals. Plus there are other ways to make money from forex, not just from your trading account, you can get subscribers, you can do youtube channel for revenue from ads, you can get rebates to improve profitability, you can trade with other peoples money with a range of prop trading outfits out there, the list goes on...
forex_trader_753800
Miembro desde Jul 16, 2019
posts 9
Nov 20, 2019 at 15:05
forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.
Miembro desde Jan 05, 2016
posts 1189
Nov 21, 2019 at 06:06
lazilybento posted:
But do people really make it. How many people have you really met who are genuinely rich Forex traders who started as a normal guy and worked his way up. I have not met any
Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Dec 05, 2019 at 07:40
Forexquanten posted:Very nicely done but the 25 dollar to 25k. You obviously trading to make money, you wouldnt host 3 places..why not mql5 btw?
forex trading is of course not easy to learn, but look at my account from 25 dollar up to currently 400 dollar and my goal is still big i want to trade the account up to 25k. That way i think i can show people that it is possible to make money with trading but i dont say its easy. mostly people which lose in forex, do lose because they dont know what they do and at same time they do it with to much volume.
On the same note, i would imagine you are trading other accounts? As we all know its not easy so why just do a 25 dollar account.....not much more money to profit larger? could it be that you run 25 dollar on many accounts and this one worked so now you are making it a signal?
Currently his signal is gridding gbpusd short
maybe its just me...
I am one of the 5-10% left in the world. Good people who love money for self and to help others. but NOT a sellout to money.
Dec 07, 2019 at 09:52
Professional4X posted:Couldn’t agree more. Managing risk is only that demarcation that takes you to losses or profits. Traders missing this part of trading hamper their success.
Forex is profitable if you trade properly.
The difference between someone who is profitable and someone who blows their account is the proper use of risk management.
Miembro desde Sep 25, 2019
posts 10
Dec 09, 2019 at 15:12
knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress
Jan 03, 2020 at 13:43
TheGreatRecycler posted:
knowledge of what? There is so much information our there and so much of it is junk. One could spend years reading junk and make no progress
Technical & fundamental knowledge is mandatory here! Besides, traders need to follow the rules of money management so carefully.
Jan 09, 2020 at 02:58
Forex market place is a part of ocean where there is anyone who can survive in a proper way without most powerful analyzing trade knowledge; if you are a newcomer please go to online freeSchool which is very supportive for the newcomers to acquire all fundamental knowledge. And trade a demo account at any broker, learning and practicing is a great combination and this can will help you must be if you try it.
Miembro desde Feb 22, 2011
posts 4862
Jan 10, 2020 at 08:03
45656 posted:There is no easy way.
Forex trading is really very tough business in the world for the Forex traders. But in spite of being so tough for earning money unlimited people do interested in this business. If you want to do trading in Forex you have to enough skilled at all. The traders who are very skilled and experienced can achieve his trading success early and easily. Without good trading skill you can only loss.
Everything that allows you to leave your daily job and provide income is hard to reach.
Jan 10, 2020 at 18:37
We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Miembro desde Jan 05, 2016
posts 1189
Jan 11, 2020 at 01:06
Imamul posted:
We the traders should choose the brokers in cool mind, we have to choose the broker which is more appropriate to the concept of trading of trading that will be used , the traders who are particularly scalpers have to choose the broker which allows trading concept such as this.
Select a broker with strong regulations, good history of treating their clients fairly, and a guarantee of client asset protections.
Use realistic risk management and learn to trade properly.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 14, 2020 at 21:59
The key to profitable investing, is to make profitable trades.
I know it seems over simplistic, but there are only 3 possible options available.
The markets either (1)move up, (2)no movement, or (3)move down.
(1)Market movement is bullish? Buy
(2)Market does not move? Do nothing
(3)Market movement is bearish? Sell
If you make a trade and the market moves in that direction, you've made a profitable trade.
If it's not a profitable trade close it, then wait for the next entry point of highest probability.
I know it seems over simplistic, but there are only 3 possible options available.
The markets either (1)move up, (2)no movement, or (3)move down.
(1)Market movement is bullish? Buy
(2)Market does not move? Do nothing
(3)Market movement is bearish? Sell
If you make a trade and the market moves in that direction, you've made a profitable trade.
If it's not a profitable trade close it, then wait for the next entry point of highest probability.
If you want to be profitable, make profitable trades.
Miembro desde Jun 28, 2019
posts 11
Jan 15, 2020 at 14:49
Easier said than done. I wish it were that simple but the fact is the timing of entry and exit along with direction make trading very difficult
Jan 22, 2020 at 19:01
For a lot of people it's really much better to go to some job instead of learning all that ropes around it and we may need to see what is really happening here anyway. I do not clearly see this but I do love what it is and that's really it.
forex_trader_795593
Miembro desde Oct 09, 2019
posts 32
Jan 23, 2020 at 05:41
Jalath posted:Yes, for the people who cannot handle the patience and discipline, forex is out of their league. If it is something that you are passionate about, then you are going to spend most of the time preparing and gaining knowledge.
For a lot of people it's really much better to go to some job instead of learning all that ropes around it and we may need to see what is really happening here anyway. I do not clearly see this but I do love what it is and that's really it.
But I have seen some people who quit their decent job with decent life for forex trading, so anything can happen.
Jan 24, 2020 at 07:41
TeamNotreDame posted:That’s right and in addition to timely entry/exit, I think keeping control on one’s emotions is another tough job to handle in forex. Mostly traders fail here.
Easier said than done. I wish it were that simple but the fact is the timing of entry and exit along with direction make trading very difficult
