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Can you really make money from trading?

  • #21
  • Oct 15, 2019 9:37pm Oct 15, 2019 9:37pm
The facts with forex only have to be a fact for yourself and controlling risk is sometimes just personalized and not a fact you can share with others as it may not be true for another.
  • #22
  • Oct 17, 2019 2:56am Oct 17, 2019 2:56am
Quoting brandon12127
Yes, but it takes many years of hard work
Yeah. You have to put in a lot of effort coupled with patience to be successful in trading. Success doesn’t come for free ever. You have to work for it. So is the case in trading.
  • #23
  • Oct 19, 2019 12:27pm Oct 19, 2019 12:27pm
I agree. The notion that you'll start trading and start making a profit within days (or even months) is very wrong and harmful.
  • #24
  • Oct 19, 2019 2:05pm Oct 19, 2019 2:05pm
Quoting Infassen
People can earn money from trading, that’s for sure. The question is how much can you earn from trading? If you would like to earn 1% monthly that’s achievable and not that hard. But if you seek 20% monthly that’s a different story. My suggestion is that you don’t follow the second path because many people have tried and failed. If you could do that each month, you would overtake many rich people in the world just in a few years. Then everyone would be trading forex and the face of the earth would really change. Working hard isn’t the answer, working...

Would you please suggest some strategy with good MM? I have 10000,- account and I can wait make those 1% monthly return.
How much is it? 100,-?
Great return for month of hard work.
Whether you think you can, or you think you can't,you're right. H.F.
  • #25
  • Oct 21, 2019 11:02pm Oct 21, 2019 11:02pm
Quoting Simply-Me
{quote} Would you please suggest some strategy with good MM? I have 10000,- account and I can wait make those 1% monthly return. How much is it? 100,-? Great return for month of hard work.
From what I learned, keep trading with a same % per trade. The compounding effect will make great return if you get a winning streak and reduce the damage for a losing one.
  • #26
  • Oct 23, 2019 6:31am Oct 23, 2019 6:31am
Quoting Dendro
{quote} From what I learned, keep trading with a same % per trade. The compounding effect will make great return if you get a winning streak and reduce the damage for a losing one.
If You are new to the game, Try these folks.

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  • #27
  • Oct 23, 2019 10:41am Oct 23, 2019 10:41am
Quoting Butterscotch
The facts with forex only have to be a fact for yourself and controlling risk is sometimes just personalized and not a fact you can share with others as it may not be true for another.
controlling risk particularly when market moves at random is a great skill , in spite of having this ability sometimes you will not avoid unfortunate losses. its a real character in this stock.
  • #28
  • Oct 23, 2019 9:06pm Oct 23, 2019 9:06pm
Quoting Dingoman-two
{quote} If You are new to the game, Try these folks. {file} {file} {file} {file} {file}
Thank you, I'll take a look
  • #29
  • Oct 24, 2019 3:56am Oct 24, 2019 3:56am
Quoting Dendro
{quote} Thank you, I'll take a look

Inserted Video
  • #30
  • Oct 24, 2019 4:19am Oct 24, 2019 4:19am
Quoting HajiMohsin
{quote} controlling risk particularly when market moves at random is a great skill , in spite of having this ability sometimes you will not avoid unfortunate losses. its a real character in this stock.
its a dispute , so we should leave it and should increase the level of risk management. it would be better
  • #31
  • Oct 26, 2019 1:15pm Oct 26, 2019 1:15pm
Quoting Dendro
{quote} From what I learned, keep trading with a same % per trade. The compounding effect will make great return if you get a winning streak and reduce the damage for a losing one.

Did read book "101 how to say nothing in few sentences."?
I was asking for strategy how to make 1% monthly.No answer yet.
And btw,compounding is one of my favorite word in forex forum .....just few lines in excel tab and you become millionaire .
Whether you think you can, or you think you can't,you're right. H.F.
  • #32
  • Oct 27, 2019 10:03am Oct 27, 2019 10:03am
Quoting Dingoman-two
{quote} If You are new to the game, Try these folks. {file} {file} {file} {file} {file}
I am also interested to check these tools; thanks for adding; very soon I’ll add my feedback for sure!
  • #33
  • Nov 25, 2019 12:16pm Nov 25, 2019 12:16pm
Quoting Simply-Me
{quote} Did read book "101 how to say nothing in few sentences."? I was asking for strategy how to make 1% monthly.No answer yet. And btw,compounding is one of my favorite word in forex forum .....just few lines in excel tab and you become millionaire .


oh thats pretty easy 1%. Specially when you swing. DO understand swing trading is 10x easier than day trading or intra-day. Because with swing you just wait for the whole big picture to be done. While intra-day you need to be focused and usually intra will make more than swing because they scale in and out while swing just rides the up and down in the major trend which is in this case lets say up trend.

Moral of the story to make 1% a month is not clear. I need to ask how much are you willing to lose to make that 1%. Do you want to achieve 1% in 1 trade? or multiple trades? like risk 0.25% and only if you lose 4 trades you lose -1% and if you win 2 trade you make 1%. ORRRR risk 0.5% and make 1% per trader. so if lets say you choose the last one which is risking 0.5% to earn 1%

I honestly love the way you think. its Golden. ANYWAYS! You can basically be patient for the BEST!!! setup and wait for good confirmation and open a trade and wait till it reachs TP. now if you ask how to make that trade. thats a whole big case, me personally, I'm a full technical analysis trader, I use 0 indicators on my chart to trade. Price action , time-frame correlation, market structure and more... but again thats something you must understand what strategy you will follow and only if the setup meets ALLLLL OF YOUR strategy requirements then you will take it. Which is efficient
  • #34
  • Nov 27, 2019 4:01pm Nov 27, 2019 4:01pm
Quoting SomeKid
{quote} oh thats pretty easy 1%. Specially when you swing. DO understand swing trading is 10x easier than day trading or intra-day. Because with swing you just wait for the whole big picture to be done. While intra-day you need to be focused and usually intra will make more than swing because they scale in and out while swing just rides the up and down in the major trend which is in this case lets say up trend. Moral of the story to make 1% a month is not clear. I need to ask how much are you willing to lose to make that 1%. Do you want to achieve...

You probably didn't read the post I have answered to.
Try again
https://www.forexfactory.com/showthr...2#post12571092

I was asking guy who was suggesting 1% a month profit, how to do it with 10 000,- account.How money trades to take,what size,how many pips to make etc etc. Numbers, not %%%, for 10 000,- account.
Whether you think you can, or you think you can't,you're right. H.F.
  • #35
  • Nov 27, 2019 6:34pm Nov 27, 2019 6:34pm
Quoting SomeKid
{quote} oh thats pretty easy 1%. Specially when you swing. DO understand swing trading is 10x easier than day trading or intra-day. Because with swing you just wait for the whole big picture to be done. While intra-day you need to be focused and usually intra will make more than swing because they scale in and out while swing just rides the up and down in the major trend which is in this case lets say up trend. Moral of the story to make 1% a month is not clear. I need to ask how much are you willing to lose to make that 1%. Do you want to achieve...
Hi SomeKid,

Thank you for sharing your wisdom. I completely agree with you that price action, combined with timeframe correlation and market structure is crucial. Would you please share where I can learn more about it all? There are so many different ways to trade price action out there, and I just know only a small few are indeed helpful.

Excited to hear from you.
  • #36
  • Nov 28, 2019 12:25pm Nov 28, 2019 12:25pm
Quoting runtherace
{quote} Hi SomeKid, Thank you for sharing your wisdom. I completely agree with you that price action, combined with timeframe correlation and market structure is crucial. Would you please share where I can learn more about it all? There are so many different ways to trade price action out there, and I just know only a small few are indeed helpful. Excited to hear from you.

Appreciate your kind words!

And definitely there is endless of price action out there, sadly even some claim its price action when its them adding indicators with them and stuff. Personally all of my trading has been more of an experience, the internet was a mess for me to learn, so I pretty much learned from test and errors.

However !! If everyone is truly interested to get some insights of how I view price action in depth it will be my pleasure to host a webinar but lets see if we get enough audience xD. Side note, I view price action with patterns that are very in detail so I'm pretty sure its something new to many, AS WELL!!!! MOMENTUM! guys I can't stress this. understanding candles momentum is soooo important and the candles Time-frame. let me just put a quote here for everyone to think off

"The higher the time-frame, the bigger the momentum" thats why sometimes everyone sees a market rush of trend. Anyways I dont want to talk a lot ! cheers to everyone!!
  • #37
  • Nov 29, 2019 1:58am Nov 29, 2019 1:58am
Quoting mlawson71
I agree. The notion that you'll start trading and start making a profit within days (or even months) is very wrong and harmful.
Expecting profit without learning is very dangerous habit; it (Forex trading) looks easy, but reality is different!
  • #38
  • Nov 29, 2019 10:00am Nov 29, 2019 10:00am
Quoting GeorgeBaile
{quote} Expecting profit without learning is very dangerous habit; it (Forex trading) looks easy, but reality is different!
Sadly a lot of Forex advertising seems to revolve around creative exactly such myths and newbies believe it.
  • #39
  • Nov 30, 2019 1:04am Nov 30, 2019 1:04am
Quoting mlawson71
{quote} Sadly a lot of Forex advertising seems to revolve around creative exactly such myths and newbies believe it.
That’s the problem; it’s very easy to manipulate the newbie’s since, they have no idea on the reality of Forex!
  • #40
  • Dec 1, 2019 3:45am Dec 1, 2019 3:45am
Quoting GeorgeBaile
{quote} That’s the problem; it’s very easy to manipulate the newbie’s since, they have no idea on the reality of Forex!
That applies to newbies in every endeavour, but with forex there is a lot of financial interests involved.
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