Who makes real money from forex? | Page 18 | Forex Factory

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Who makes real money from forex?

  • #341
  • Sep 22, 2019 1:15pm Sep 22, 2019 1:15pm
right now i want to relief from trading for a while , just want to take rest and looking for a good PAAM services , but it depends on broker performance , so its quite difficult to find right broker nowadays , most of trading platform right now are found to be scams.
  • #342
  • Oct 5, 2019 11:45am Oct 5, 2019 11:45am
People that sell products for forex, they sure earn money in this market. They don’t risk like traders do. It’s an always winning situation for them. For traders there is another story going on. Some lose and some win. But if every trader was losing money, what would happen to banks? Banks hire traders right? So at least they must be earning in this market. We can’t say that EVERY ONE is losing money in forex. Many people earn a good living but the number of losers is really high. Forex has become worse and worse during years. It’s very crowded now I think.
  • #343
  • Oct 22, 2019 2:36am Oct 22, 2019 2:36am
Forex is always a complicated issue than others platforms. there is nothing 100% in here. so , investment , credible broker , good knowledge and experience always cant bring good result.
  • #344
  • Oct 22, 2019 10:41am Oct 22, 2019 10:41am
Quoting MarkFxAnde
Forex is always a complicated issue than others platforms. there is nothing 100% in here. so , investment , credible broker , good knowledge and experience always cant bring good result.
True. Sometimes the person in question is simply not a good fit to trade or they just have a rotten luck or both.
  • #345
  • Oct 22, 2019 7:59pm Oct 22, 2019 7:59pm
many people make money from forex by offering "education service" or sell EA, very very minority make real money from trading.
  • #346
  • Oct 23, 2019 4:32am Oct 23, 2019 4:32am
Quoting chenxee
many people make money from forex by offering "education service" or sell EA, very very minority make real money from trading.
Agreed! Education service is the worst in my opinion.
  • #347
  • Oct 23, 2019 8:35am Oct 23, 2019 8:35am
Quoting Valerian6
{quote} Agreed! Education service is the worst in my opinion.
Karen Foo is one of the rare that is legit
i don't know her classes, but she is making money in trading (and a lot apparently)
  • #348
  • Oct 23, 2019 10:38am Oct 23, 2019 10:38am
Quoting chenxee
many people make money from forex by offering "education service" or sell EA, very very minority make real money from trading.
yes very minor able to bring profit from this stock market, because market is so complicated and no one can predict the real faction with certainly , so traders always try to make profit from other options.
  • #349
  • Oct 23, 2019 10:46am Oct 23, 2019 10:46am
What other options, I am not sure I follow?
  • #350
  • Oct 24, 2019 5:01am Oct 24, 2019 5:01am
Quoting mlawson71
{quote} True. Sometimes the person in question is simply not a good fit to trade or they just have a rotten luck or both.
I believe anybody can trade provided they ave the right knowledge and conviction to trade.
  • #351
  • Oct 24, 2019 7:13am Oct 24, 2019 7:13am
Quoting bunnyy
{quote} I believe anybody can trade provided they ave the right knowledge and conviction to trade.

yep i would agree,,, the only thing that lets people down is sticking to it. I coached a handful of people only 1 has stuck with it and is trading well. It takes time , hard work but i think if one is able to get some good mentorship it helps also. I failed at the start (not that im some genius now) but now i have been positive .. and i seeked mentorship from guys who worked in the industry.

I have read many book none of which made me any better or worse most of that stuff you can find online.

From my experience find a guy with a proven track record/ worked in the industry and see if we will mentor you..

Just my opinion it worked for me
  • #352
  • Oct 26, 2019 10:54am Oct 26, 2019 10:54am
Quoting bunnyy
{quote} I believe anybody can trade provided they ave the right knowledge and conviction to trade.
Yes; trading knowledge is the key! On the other hand, it’s really challenging to be a consistent player in this financial market! So, new traders shouldn’t expect here easy success!
  • #353
  • Oct 26, 2019 11:50am Oct 26, 2019 11:50am
Quoting ZikriIrfan
{quote} Yes; trading knowledge is the key! On the other hand, it’s really challenging to be a consistent player in this financial market! So, new traders shouldn’t expect here easy success!
I agree. Expecting big profits early on (or any kind of profits) is just unrealistic.
  • #354
  • Oct 28, 2019 8:57am Oct 28, 2019 8:57am
Quoting mlawson71
{quote} I agree. Expecting big profits early on (or any kind of profits) is just unrealistic.
Yap, and this why, new traders should concentrate on learning, instead of earning!
  • #355
  • Oct 29, 2019 1:34pm Oct 29, 2019 1:34pm
Quoting ZikriIrfan
{quote} Yap, and this why, new traders should concentrate on learning, instead of earning!
I agree. The earning does come later if you concentrate on learning first.
  • #356
  • Oct 30, 2019 10:50am Oct 30, 2019 10:50am
Quoting mlawson71
{quote} I agree. The earning does come later if you concentrate on learning first.
Yes, that’s the procedure; Forex is all about traders trading skill; without proper knowledge the trading journey will be so challenging.
  • #357
  • Oct 30, 2019 1:25pm Oct 30, 2019 1:25pm
Quoting ZikriIrfan
{quote} Yes, that’s the procedure; Forex is all about traders trading skill; without proper knowledge the trading journey will be so challenging.
It's also about making sure you're trading with a legitimate company and not a scammer.
  • #358
  • Oct 31, 2019 9:57am Oct 31, 2019 9:57am
Quoting mlawson71
{quote} It's also about making sure you're trading with a legitimate company and not a scammer.
No doubt on it; broker is an important issue! But I think, which traders have good trading skill they know the tricks on choosing transparent FX broker!
  • #359
  • Oct 31, 2019 1:56pm Oct 31, 2019 1:56pm
Quoting ZikriIrfan
{quote} No doubt on it; broker is an important issue! But I think, which traders have good trading skill they know the tricks on choosing transparent FX broker!
That is usually the case, there is a correlation between knowing how to trade and knowing how to pick a legitimate broker. The learning process for both, sadly, is difficult.
  • #360
  • Nov 1, 2019 11:00am Nov 1, 2019 11:00am
Quoting mlawson71
{quote} That is usually the case, there is a correlation between knowing how to trade and knowing how to pick a legitimate broker. The learning process for both, sadly, is difficult.
No doubt, it’s a challenging job; but I think old brokers are easy to judge; since review sites are (top learning review sites) full of traders response!
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