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jpazholdings
Forex is profitable ?
på
Allmänt
Oct 15, 2018 at 06:46
sorry im really sick of this idea that profitable traders dont exist simply because they dont use myfxbook as their verification tool for their track record.i was once pessimistic about FX trading too. until i realized how large the open interest is, nobody cares even if you trade 100 lot. if nobody cares if you trade 100 lot then trading at a level of 1-10 lots (enough to make a living) is also reasonable.
Forex is profitable ?
på
Allmänt
Oct 15, 2018 at 06:42
managing millions, 100-200 basis points is a massive week. massive. 50 basis points is a fantastic week. 20 basis points would be acceptable for beating the S&P each year (with much less risk than you would carry by owning the entire stock market.... we manuever in and out of positions... we don't hold through 10-20% or 50% drops)....whereas the average retail trader sees 1-2% weekly gain as not even enough to pay their bills (and they would be right, unless trading with $50,000+).
Forex is profitable ?
på
Allmänt
Oct 15, 2018 at 06:41
the reason you don't know anyone who does this is because people who do this actually don't care about impressing random people they meet online. they moved into wealth management most likely. many people have taken $5000 to half a million in a year or less. Some in a month or less. the key is that $5000 is not important to the trader. they could lose it and not care, and anything beyond that (house money) they can definitely lose and not care. that is absolutely the key, detachment from outcome.
Forex is profitable ?
på
Allmänt
Oct 15, 2018 at 06:36
if you wanna make it big in FX you need many years of experience and then you can take a small account to a large accountnobody and i mean nobody cares if you trade 100 lots at a time. you aren't going to impact other market participants decisions.and i make great money trading 3-10 lots at a time. really great.the open interest on EURUSD is in excess of 10 million lots, probably closer to 50 million lots. nobody knows because of the decentralized nature of OTC fx. so when you add or remove 100 lots from that open interest of millions, literally nobody cares.
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