i dont think so in my point of view trading Forex is profitable only for u if u follow strictly money management.
It's impossible to lose money in Forex!!! 91 replies
The impossible-question regarding Forex 63 replies
Is it impossible for American traders to get rich in forex? 24 replies
long-run profits impossible with short-term trading? 39 replies
DislikedI'm trading since a few years now. I do around 5 to 10 trades a day or ... that whining on forums. If a job would kill you, start trading.Ignored
DislikedOne of the greatest traders (W.D Gann) took 10 years to master his craft, and he did it w/o the use of computers. You should expect to spend a lot of time mastering this. Anyone can trade profitably, you just need to immerse yourself into the world of trading.....read, read , read, paper trade/demo trade until your profitable for 1 year. THEN, start with a small account. If you blow out your account, repeat the demo trading until you understand why you blew out, then start out again. One other thing, keep your expectations reasonable. Forget ...Ignored
Disliked{quote} Really nice advice and practical stuff. You and few guys before just nailed it. Knowledge, patience and brains. Some MM help too.Ignored
Disliked{quote}the next opportunity to get the lost amount back will usually present itself within an hour.Ignored
Disliked{quote} I agree with what Snah said about Finnish attitude towards Forex. Also taxation on currency trading is nonsensical. If I trade Euro pairs I must pay ~30% taxes from EVERY SINGLE WINNING TRADE. That means that if I win 10000 and lose 10000 (+-0 change in balance) I must still pay 3000 in taxes. Fortunately if I trade in other currencies and have my account in for example dollars I only pay taxes from the money I withdraw from the broker.Ignored
QuoteDislikedThe only way I see how trading forex could be profitable is to get in on the long term trends and just follow it.
DislikedThe majority of traders lose their money usually people say its about 95% of traders who doIgnored
DislikedI rarely post on the FF, but I have seen a lot of these posts recently - questioning (or, in some cases, audaciously claiming) that it is impossible to trade successfully in the long term, or that any long-term prospect of success is weighted far more towards luck than a sound trading practice. Let me address this as thoroughly as possible, hopefully in a somewhat logical order. The time-frames that are you trading on (1m, 5m, etc) will undoubtedly be exposed to a significant amount of noise - news releases or other liquidity spikes will be much...Ignored