No if you have to ask.i have a system posted here that has proven to be successful in the long term. EURJPY breakout
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thank you for your nice job. i make the EA by your rules,it succ in the 2004-2017 backtest in 7 currency pairs. but i cant follow it,because it will needs a lot of time to prove that. maybe i am too impatient to succ.. i 'll keep focus on it .
i lose a lot money.now i am in doubt. it's impossible to predict ,so why do you think it's possible to earn money from trade?
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it's depending on what you mean with (earn money) .. if you talking about be rich in no time then no ... if you talking about steady income then it's depending on your way .. .... in short answer on your question is yes ... i lost a lot also .. answer is yes but not that something easy to do .. it is need a lot of time to build your strategy.. your money management etc ... also it's hard to work with one strategy with all pairs... i can trade very well at eur/usd but at nzd/usd my results turn to be horrible ... after all not easy thing take years of pain to learn .. if that was easy everyone was resigned from job and just work as trader ... but it's not for everyone only who work and study hard
What's your profit after a 1000 trades in a row? We all have occasional wins like you. Successful trading is about the long run not about the last week.
i lose a lot money.now i am in doubt. it's impossible to predict ,so why do you think it's possible to earn money from trade?
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Yes it is. My husband and I are doing this for years.
The key points are money management and discipline.
Do you keep a trading diary?
Were you over-trading?
Do you use a leverage more than 10?
How you analyze the market is not that important.
Just find a way you like to observer the market.
Use low leverage and control your loss, they will help you become a better trader.
I am currently working on a report regarding the success rate of retail traders. The exact numbers are hard to come by, but around 80-90% of all day traders are losing money in all sorts of markets over the period of a year. On the bright side, there are studies that prove the existence of traders that are constantly generating large gains. See the paper "Do Individual Day Traders Make Money? Evidence from Taiwan" as an example. So it is nothing special if you constantly lose money. You are just one of the 80-90%.
Personally, I was able to maintain a positive balance for the last years, but there are no fantastic gains to speak of yet.
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Joined Apr 2018
|393 Posts
All inevitable part of trading first of all needed if anyone willing to earn from trading , earning from trading is not an easy task , because 90% become loser when they try to earn from trading due to lack of exact trading knowledge and experience.
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Joined Apr 2018
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knowledge and patience is important , i agree, but in spite of having good knowledge and experience with patience trading can be valueless until ensuring a regular practice , success on trading completely depend on your practice , there is no ending of this market place , so no way to stop learning at all.
knowledge and patience is important , i agree, but in spite of having good knowledge and experience with patience trading can be valueless until ensuring a regular practice , success on trading completely depend on your practice , there is no ending of this market place , so no way to stop learning at all.
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Agree! practice is must along with all these attributes as "practice makes a man perfect"
i lose a lot money.now i am in doubt. it's impossible to predict ,so why do you think it's possible to earn money from trade?
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Maybe I know, how many months did you practice your demo? Basically, it takes time to understand the market; so don’t lose your hope; keep learning & updating yourself.
{quote} Maybe I know, how many months did you practice your demo? Basically, it takes time to understand the market; so don’t lose your hope; keep learning & updating yourself.
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true. Even when someone makes some good profit in the beginning will face heavy losses as well and fall in doubt. So like darrenlehma said, it takes time to understand the market with the eagle eyes. Wish you green pips with good experience.
