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Who makes real money from forex?

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.
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.
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.
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.
many people make money from forex by offering "education service" or sell EA, very very minority make real money from trading.
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.
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)
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.
What other options, I am not sure I follow?
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.
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
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!
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.
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!
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.
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.
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.
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!
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.
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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