Who makes real money from forex? | Page 19 | Forex Factory

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Who makes real money from forex?

  • #361
  • Nov 1, 2019 11:25am Nov 1, 2019 11:25am
Quoting ZikriIrfan
{quote} 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!
I agree. But one should also always double check with the official state regulator responsible for overseeing said broker, just in case.
  • #362
  • Nov 6, 2019 8:21pm Nov 6, 2019 8:21pm
Your trading plan is the KEY. Don’t break your trading plan in the middle path. Just focus on your process, not on your result.
  • #363
  • Nov 7, 2019 4:19am Nov 7, 2019 4:19am
Quoting Butterscotch
Your trading plan is the KEY. Don’t break your trading plan in the middle path. Just focus on your process, not on your result.
right on point.
  • #364
  • Nov 7, 2019 1:44pm Nov 7, 2019 1:44pm
I'd like to know statistics from true consistent traders, to compare and understand the numbers. How can I find it? Only things that I find are charts of accounts of martingale or some bullshit like that. Are there some people who really makes money with the simple trade, TA and positive risk:return? Is it possible?
  • #365
  • Nov 7, 2019 3:00pm Nov 7, 2019 3:00pm
All brokers and forex rebate providers are making real money from forex, most banks and only a minority of the ordinary traders (luckily for now I am among them )
  • #366
  • Nov 10, 2019 1:18pm Nov 10, 2019 1:18pm
That is true - in this business usually the service providers make the biggest profits. But traders can profit as well.
  • #367
  • Nov 11, 2019 3:44pm Nov 11, 2019 3:44pm
90% of retail traders, lost money. but 10% can so statistic are true
  • #368
  • Nov 12, 2019 2:27am Nov 12, 2019 2:27am
not only retailers , its all about whole traders , i think only 5% traders can bring profit consistently from this stock market.
  • #369
  • Nov 12, 2019 3:09am Nov 12, 2019 3:09am
right now traders
are more advanced and knowledgeable than before ,

so i think wining percentage more than 10% .
  • #370
  • Nov 12, 2019 5:04am Nov 12, 2019 5:04am
Quoting John1974
90% of retail traders, lost money. but 10% can so statistic are true
i think it's more like 0.3% make enough money
  • #371
  • Nov 12, 2019 11:16am Nov 12, 2019 11:16am
Quoting ionone
{quote} i think it's more like 0.3% make enough money
in long term yes - you have right, i mean 10 years
  • #372
  • Nov 25, 2019 3:18am Nov 25, 2019 3:18am
Quoting ionone
{quote} i think it's more like 0.3% make enough money
can you please elaborate about 0.3% .
first time seen this statistic
  • #373
  • Nov 25, 2019 8:47am Nov 25, 2019 8:47am
Me too. Where did it come from?
  • #374
  • Nov 27, 2019 3:47am Nov 27, 2019 3:47am
think about it, brokers would not make any money if more than 1% was making a lot of money.

i got this stat from a youtuber i don't recall which video though

it seemed to make sense to me
  • #375
  • Nov 27, 2019 11:07am Nov 27, 2019 11:07am
Indeed. To put this into perspective - two of the largest American brokers - Charles Schwab and TD Ameritrade, are currently merging. According to market analysts the new company will be valued at 100 billion USD – twice the size of BofA Merrill Lynch with more than 5 trillion USD in assets. The combined annual revenue of Schwab and TD Ameritrade exceeds 25 billion USD.

I don't think any single individual trader can even visualize that kind of money that brokers of such size make off their traders.
  • #376
  • Nov 28, 2019 2:30am Nov 28, 2019 2:30am
Quoting igormello
I'd like to know statistics from true consistent traders, to compare and understand the numbers. How can I find it? Only things that I find are charts of accounts of martingale or some bullshit like that. Are there some people who really makes money with the simple trade, TA and positive risk:return? Is it possible?

Of course its possible. You have a couple of great traders that have their accounts published and you can check their stats. Dont know about TEs but I know that there are some impressive track records posted on myfxbook.
  • #377
  • Nov 28, 2019 2:35am Nov 28, 2019 2:35am
Quoting pipartisan
This tread was born from a discusion with my wife... she says every minute spent on forex trading is a minute lost, as nobody could never really earn anything from trading. Just temporary profit, but nothing sure in medium-long period. So..is there anyone available to share his trading experience, by this pojnt of view? Quantify real money invested and real profit..say per month? Could anyone say tjat, beetween profit and loss, at the end of a period you have real earning, as you work at office? That's a kind of poll and not know if this is correct...
To answer the original question Who makes real money in forex? the answer is gonna be kind of...vague. For one you need to understand that retail traders aren't the only fish in the pond. We have institutional traders a.k.a investment banks and hedge funds and even the central banks intervene from time to time. I'm not gonna divulge all the information I uncovered about this rigged @ss game called forex trading but I'll give you the biggest hint you'll ever find on these forums, big volume moves the market. That's all you need to know. If you wanna know more about this I suggest you go here: https://www.forexfactory.com/showthread.php?t=904876 and participate in the poll and I'll spill the beans then.
  • #378
  • Nov 30, 2019 1:43am Nov 30, 2019 1:43am
Quoting ionone
think about it, brokers would not make any money if more than 1% was making a lot of money. i got this stat from a youtuber i don't recall which video though it seemed to make sense to me
You are talking about the market maker brokers; but truly regulated brokers making money only when the traders open a new trade!
  • #379
  • Oct 30, 2020 3:22am Oct 30, 2020 3:22am
Quoting GeorgeBaile
{quote} You are talking about the market maker brokers; but truly regulated brokers making money only when the traders open a new trade!

Broker's legit way to make money through spreads. Some broker also charge commission to earn money.
  • #380
  • Last Post: Oct 30, 2020 4:10am Oct 30, 2020 4:10am
Making money is not an easy task in the forex market. If you want to make money from this risky market you need to have proper knowledge and experience about trading and forex.
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