Forex trading it has the advantage of very high, so it is not possible to make a profit with no knowledge that the maximum, with the high risks involved must have the skill maximum capability if the benefits to be obtained
I think the answer to your question is yes and no. I believe much like light has dual wave and particle nature....the market has an efficient nature and non-efficient nature. When the market is efficient....i noticed it incredible difficult to trade consistently over long periods of time, however when the market is inefficient....i have been able to remain consistently profitable.
All businesses have the same advantages and disadvantages of each, including forex business, therefore it is very mandatory for traders to always understand and learn the procedures work well, and in trying to always learn the discipline to be more adult thinking and heart will be The way we do because the level of risk in forex business is very high so try to minimize it, because it can not be avoided
I must say, it’s not impossible; I started my trading career very simply as like others new trader! In addition, right now I am making consistent money, yes I am not earning handsome money but I am happy on my output! Yes, there have more than thousands of parameter but I do technical analysis by using my personal trading strategy, besides I use major news events!
Run forex trading with no maximum knowledge it is not possible will be gained advantage, so with it as a trader who want to be in the profits obtained it is necessary with the effort to maximize it as in a demo account or also a demo contest from brokers instaforex
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Joined Mar 2017
|629 Posts
It’s impossible for the novice traders; low skilled traders! But knowledgeable and expert traders can earn handsome money quite comfortable from this trading market! Yes, successful traders also started their trading career s like others new traders! But now they are successful because of their determinations, dedications!
Forex trading it has the advantage of very high, so it is not possible to make a profit with no knowledge that the maximum, with the high risks involved must have the skill maximum capability if the benefits to be obtained
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Got your point.
Actually profitable Forex trading depends on a great combination, so many traders only emphasis on good trading knowledge.
but practically to get maximal result by trading we have to make sure powerful trading strategies , risk managing plan , real time of using SL and much more besides real trading knowledge.
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Joined Mar 2013
|200 Posts
Although, there is nothing like 100% in Forex but success is not impossible! It’s a knowledge based profession and all of knowledgeable traders are profitable, that’s so true! So, if you wanna be a profitable trader, learn more and make a better trading skill.
TAKE IT EASY! TAKE A DEEP BREATH! CALM DOWN! First, I don't want to insult you personally as a trader. I am here to discuss things with a open mind. But I have a question: how can anyone trade forex profitable for some time, lets say a year. Because in the short term you may end up with a few pips on every trade but in my opinion that is still gambling. If you roll the dice a few times there is a change that it hits the number 2 a few times in a row. But the man throwing that dice didn't do anything to it. It was just the luck of the toss. So what...
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I just stumbled upon this thread and it seems like an interesting one. Actually, what you have observed is based on what you have read and not on facts. With proofs(I can't lay my hands on screenshots right now), I have seen an account of a trader that makes profit everyday without a single loss for the past 5 months. You can't tell me that is luck, would you?.
Forex is a really serious business that requires extreme caution, and with the imperfect mind, only a few have managed to adhere to discipline. Some chose to actually trade Forex with their hard earned money by applying serious trading strategies, while others chose to gamble away their money in the Forex Market. So, it depends on what you think about Forex. Do you see it as a platform where you want to rely on luck or as a platform where you want to put in some hard work and make money? Your call!!
{quote}Forex is a really serious business that requires extreme caution, and with the imperfect mind, only a few have managed to adhere to discipline.
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Serious and professional business i will say that it is really very professional market which never spare any trader who make mistakes and what we makes in profit from forex trading are usually the losses of others.
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Joined Sep 2017
|217 Posts
Well, it’s a long time process! Trading is not shortcutting way of money making! Sometimes it takes more than one year to learn! In addition, knowledgeable Forex traders are always lucky because they can understand the good opportunity of the market because of their keen trading skill, not for their luck!
So why do you expect every body make money in trading.
It's easy? Of course it's not. It is easy to open and run small business? Of course it's not.
Some people can do it,some cannot.
Whether you think you can, or you think you can't,you're right. H.F.
In the long run, skill is more important than luck. You can get lucky on an individual windfall, a single trade, but consistent successful trading is not luck. It's a career. I've been trading for two years now, consistently profitable. Never blown an account.
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That’s good and I also agree with you. Proper trading plan is need to make consistent profit. If you have good trading plan and you can control your negative emotion you can be a successful trader. There is none who is become successful with luck.
I 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...
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Well Chris if you are still around my view has changed a bit now.
You can best the market.
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Joined Oct 2020
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Status: Junior Member
|9 Posts
In the long run for profitability, one needs to understand that no single strategy can suit the market all the time. A reversal strategy will make profit during ranging market while losing in trending market, while trending strategies make money in trending market but losing money in ranging market.
So it all depends on your risk and money management, a good habit is to maintain healthy risk to reward ratio, and a system to recover from losses when the market is against you.
it is possible provided that you can manage 02 key risks:
-Market risks and
-The most critical is to control your operational risk (trading actions, emotion, greed and fear) !
Success in this sentitive market requires your knowledge, expertise, experience and ....in term of monetary and financial market, politics.
The capital gain in this market is only for minority not majority.
