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Profit in forex is easy! Prove me otherwise...

  • #1
  • First Post: Jul 19, 2019 11:01am Jul 19, 2019 11:01am
like the title says, there are so so many profitable traders and gurus on these forums, prove to me profit in forex is impossible, you can't.
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  • #2
  • Jul 21, 2019 3:08am Jul 21, 2019 3:08am
this kind of topic already has discussed so many times , by the way, according to me , Forex can be easy to bring profit but not within very short time , its a long term process , so need a long term patience first of all.
  • #3
  • Jul 24, 2019 2:32pm Jul 24, 2019 2:32pm
Nah ! You prove it is profitable - live trades for example.
every Saint has a past. Every Sinner has a Future
  • #4
  • Jul 24, 2019 2:41pm Jul 24, 2019 2:41pm
Quoting turnip15
Nah ! You prove it is profitable - live trades for example.
Agree with T!.... But it's doable I agree....
  • #5
  • Edited 12:42pm Jul 25, 2019 9:38am | Edited 12:42pm
Profit is easy, but CONSISTENCY is the magic part where most traders fail It does take hard work and thousands of hours to get there.
  • #6
  • Jul 26, 2019 12:29pm Jul 26, 2019 12:29pm
Quoting TradeMinim
Profit is easy, but CONSISTENCY is the magic part where most traders fail It does take hard work and thousands of hours to get there.
yes consistency. that sucks.. most of the time i make 400- 500% within 1 or two weaks.. i prefer aggressive trading. during those period my drawdown under control, after that i let my emotions take control over me. over risking and burning all those profits in one or two days... now am improving but lets see
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #7
  • Jul 26, 2019 12:40pm Jul 26, 2019 12:40pm
Quoting vijiragavan
{quote} yes consistency. that sucks.. most of the time i make 400- 500% within 1 or two weaks.. i prefer aggressive trading. during those period my drawdown under control, after that i let my emotions take control over me. over risking and burning all those profits in one or two days... now am improving but lets see
Discipline and Self-Control. Depends on your trading system and how efficient you are in following the rules. Most trader's trade blind or trade by gut, neglecting the rules and that's why they can't hit consistency in a long term.

What's the point if you could hit 1000% ROI but lose it all anytime? Trade safe
  • #8
  • Jul 26, 2019 12:58pm Jul 26, 2019 12:58pm
Quoting TradeMinim
{quote} Discipline and Self-Control. Depends on your trading system and how efficient you are in following the rules. Most trader's trade blind or trade by gut, neglecting the rules and that's why they can't hit consistency in a long term. What's the point if you could hit 1000% ROI but lose it all anytime? Trade safe
yes.. once added profit, i get over confident and not following system perfectly. not cutting loser and adding to losing position is my big problem.. improving myself yet doing stupid silly mistakes sometimes which hurt me badly... fixed many discipline issue yet there are few especially closing losing trades( i dont usually do it but now improved a bit) sad part.
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #9
  • Jul 27, 2019 12:39pm Jul 27, 2019 12:39pm
Quoting vijiragavan
{quote} yes.. once added profit, i get over confident and not following system perfectly. not cutting loser and adding to losing position is my big problem.. improving myself yet doing stupid silly mistakes sometimes which hurt me badly... fixed many discipline issue yet there are few especially closing losing trades( i dont usually do it but now improved a bit) sad part.
Well, everyone's been there. But if you want to be in the game for a long term, it's time to start treating trading SERIOUSLY. Being disciplined and following the plan EVERY SINGLE TIME is one of them. Trade safe
  • #10
  • Jul 28, 2019 4:25am Jul 28, 2019 4:25am
Quoting HRTrading
like the title says, there are so so many profitable traders and gurus on these forums, prove to me profit in forex is impossible, you can't.
Hum; making 1-2 TP is very easy here! But, making consistent money is the real challenge!
  • #11
  • Aug 2, 2019 12:45am Aug 2, 2019 12:45am
Quoting TradeMinim
Profit is easy, but CONSISTENCY is the magic part where most traders fail It does take hard work and thousands of hours to get there.
you took the exact point , anyone can bring profit from here for short time , its not a big deal , but the main challenge to keep consistent when trading, for that we traders need a powerful money management including analyzing some good strategies.
  • #12
  • Aug 3, 2019 4:54am Aug 3, 2019 4:54am
Quoting TradeMinim
Profit is easy, but CONSISTENCY is the magic part where most traders fail It does take hard work and thousands of hours to get there.
Unfortunately making a profit out of forex never been so easy to me, initially I used to place multiple trades just like that without following any strategy totally based on luck and ultimately blew my account twice.
  • #13
  • Aug 7, 2019 4:31am Aug 7, 2019 4:31am
Take the low risk route at every juncture and give it time to work -

  1. Trade long-term not intra-day
  2. Set a stop-loss where it won't be hit
  3. Exit immediately on strict rules when you're losing - and when you're winning
  4. Follow trends, don't chase reversals
  5. Manage position size so that if the stop is hit, your maximum account capital loss will not de-rail your trading plan
  6. Enter according to pre-planned set-up rules
  7. Don't get tempted into markets you don't normally trade just because they're hot

  • #14
  • Aug 7, 2019 5:32am Aug 7, 2019 5:32am
Wouldn't you rather do something that let's you keep the money you earn?
  • #15
  • Edited 8:55am Aug 7, 2019 8:15am | Edited 8:55am
Quoting HRTrading
like the title says, there are so so many profitable traders and gurus on these forums, prove to me profit in forex is impossible, you can't.

Gurus? LOL

Let me tell you a first hand story about one such "guru" on FF. The guy has a red mark, 100s of subs, 1000s of posts and is wildly respected and considered a great trader. A while back I was stupid enough to trust him with managing my account and he wiped out 20% of it in less than a month. This member is still highly active on FF.

My point is that most members who we think are "gurus" are actually just like everyone else.
  • #16
  • Aug 7, 2019 8:42am Aug 7, 2019 8:42am
Quoting xtradex
{quote} Gurus? LOL Let me tell you a first hand story about one such "guru" on FF. The guy has a red mark, 100s of subs, 1000s of posts and is wildly respected and considered a great trader. A while back I was stupid enough to trust him with managing my account and he wiped out 20% of my account in less than a month. This member is still highly active on FF. My point is that most members who we think are "gurus" are actually just like everyone else.
Name and shame... 95% of these FF gurus trade demo or live accounts with 0.01, that's why they hide their lot sizes
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  • #17
  • Aug 7, 2019 8:46am Aug 7, 2019 8:46am
Quoting xtradex
{quote} Gurus? LOL Let me tell you a first hand story about one such "guru" on FF. The guy has a red mark, 100s of subs, 1000s of posts and is wildly respected and considered a great trader. A while back I was stupid enough to trust him with managing my account and he wiped out 20% of my account in less than a month. This member is still highly active on FF. My point is that most members who we think are "gurus" are actually just like everyone else.
There's so many gurus in the forums with "no track record" rofl.
  • #18
  • Aug 7, 2019 8:58am Aug 7, 2019 8:58am
Quoting HRTrading
{quote} Name and shame... 95% of these FF gurus trade demo or live accounts with 0.01, that's why they hide their lot sizes

I dont think its fair to name him publically because he does not openly offer account management. I contacted him on my own and asked him if he would be interested. My mistake for thinking he knows what he is doing. I just figured he must be good if so many people follow him. I can only blame myself for being naive.
  • #19
  • Aug 7, 2019 9:01am Aug 7, 2019 9:01am
Quoting TradeMinim
{quote} There's so many gurus in the forums with "no track record" rofl.

He didnt have one either. When I asked him about any verified track record he made a number of excuses and I fell for it. And it was a pretty significant investment too...
  • #20
  • Aug 7, 2019 9:10am Aug 7, 2019 9:10am
Quoting xtradex
{quote} He didnt have one either. When I asked him about any verified track record he made a number of excuses and I fell for it. And it was a pretty significant investment too...
Well, all I can say is we can take mistakes , Learn from them and move on to better things
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