Forex is profitable ?
Aug 07, 2018 at 08:58
Many people asked this question that is forex really profitable? can it make you millionaire? the simple answer to all these question is yes forex is profitable but making money in forex is not that easy as you think and this is the fact which most of the traders realize after taking the experience of real trading.
Membro Desde Jul 24, 2018
10 posts
Aug 07, 2018 at 10:01
Where are these people that make money on Forex. I have not seen one. There are people on this forum that claim to be but when you look at their myfxbook they are just scammers or using martingale etc.
Membro Desde Aug 06, 2018
19 posts
Aug 07, 2018 at 14:02
Once you understand and embrace your losses you are a profitable trader.
The man who wants nothing is invincible.
Aug 07, 2018 at 14:16
@Cappucinotrader they're definetely not here. 😎
Aug 09, 2018 at 06:21
Forex is profitable. Not for all, but still.
You can check the EU-regulated brokers to see how many of their clients are profitable and how many lose.
Maybe this is the only good thing, apart from the ban on Binary Options that has come from the new ESMA regulations.
For example - my broker's stats are 1/4 (25% win / 75% lose).
You can check the EU-regulated brokers to see how many of their clients are profitable and how many lose.
Maybe this is the only good thing, apart from the ban on Binary Options that has come from the new ESMA regulations.
For example - my broker's stats are 1/4 (25% win / 75% lose).
Aug 09, 2018 at 09:59
Finally we have the stats. According to ASIC, 63% of Forex traders lose money. That means 37% is profitable which is quite good.
https://www.forexbrokerz.com/news/asic-eighty-percent-of-binary-options-traders-and-seventy-two-percent-of-cfd-traders-loose-money
https://www.forexbrokerz.com/news/asic-eighty-percent-of-binary-options-traders-and-seventy-two-percent-of-cfd-traders-loose-money
Membro Desde Jan 25, 2010
1360 posts
Aug 09, 2018 at 10:07
gabemocan posted:
@Cappucinotrader they're definetely not here. 😎
What? You mean I don't qualify for my last two months' efforts? 😉
Hmm... I guess if you take into account my performance since inception you are correct: 😞
Anexos:
Aug 10, 2018 at 07:29
@BluePanther there's always the guy that wins in the lotto. Congratulations, you are one, at least around here. Mostly professional traders are busy working on their own stuff... And hey, these are all fully automated systems you yourself develop? Well done! 😎
Membro Desde Aug 06, 2018
8 posts
Aug 22, 2018 at 08:53
Not everyone can survive profitably in forex. It is not easy. Only a handful number of people actually make it big here. They are the ones who stick it out in the long run. Most usually lose patience and give up eventually
Aug 22, 2018 at 10:26
ComebackKing posted:
I've no idea why anyone would bother scalping FX. Why not just trade currency futures on the CME? 100% transparent and no real 'spread' like FX or stocks.
Well, I think it depends on the situations and laws in each country, and the monitoring institutes of brokers also matters. Some can ensure that your capital will not be used in other ways and help you to prevent 'The Black Swan'. However, not every institute protects customers' right and money so much. There are many frauds and people losing money by being duped in this market. Thus, the governments need to do something to protect their own people, but sometimes the foreigners not included. So we need to recognize the institute we choose and rely on them.
Discipline rules, not emotions.
Membro Desde Aug 14, 2018
11 posts
Aug 22, 2018 at 10:30
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited
Membro Desde Feb 22, 2011
4862 posts
Aug 23, 2018 at 10:57
Forex is not profitable. It is market. On this market traders buy and sell various assets.
Few of them are profitable, the rest is not.
Very profitable is middlemen - brokers - whose are having profit from all transactions.
Few of them are profitable, the rest is not.
Very profitable is middlemen - brokers - whose are having profit from all transactions.
Aug 23, 2018 at 10:58
LeadPellet posted:
Regulation is an important part of trading. If you want a good regulated broker then the options are fairly limited
Throw in the request for the broker to be and Agency-only (A.K.A STP) model and the results are even less.
There is an abundance of Market Makers everywhere.
Trade with determination!
Aug 23, 2018 at 11:43
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.
Aug 24, 2018 at 07:07
In my opinion, Forex is profitable and not profitable at the same time. It depends on people, discipline and strategies. During trading, we would usually become emotional, assuming the price would keep rising when it rises or it would stop falling soon when it falls. Of course, there is such possibility but not every time. It usually leads to a great loss. Because of this, we need to form our discipline to stop loss or take profit. This idea is also helpful in other investments.
Discipline rules, not emotions.
Membro Desde Aug 20, 2018
9 posts
Aug 26, 2018 at 06:11
Are you profitable? Can you tell me exactly what you studied and how you practiced?
