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

  • #41
  • Feb 17, 2020 1:13am Feb 17, 2020 1:13am
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.
There are so many profitable traders, yes. But what do you think is the % of this? 10 or 20% at the most. Rest of the 80%+ end up losing money.

Profit in FX is NOT impossible, however its not as easy as it sounds.
  • #42
  • Mar 13, 2020 1:10am Mar 13, 2020 1:10am
if 80% traders losing money from here why they still there , is Forex really a addiction ?
  • #43
  • Mar 13, 2020 4:36am Mar 13, 2020 4:36am
you got a nice point , actually its a very much complicated question to answer , i clearly want to say after having a loss if you come again in Forex , its your Hope to come back again with profit not addictions.
  • #44
  • Mar 13, 2020 4:52am Mar 13, 2020 4:52am
Quoting AlexImam
if 80% traders losing money from here why they still there , is Forex really a addiction ?
I suspect that of those traders that blow their first account, many will repeat 1 or 2 more times before giving up. In the mean time, NEW traders are coming on board, so plenty of replacements for when the losers finally quit for good.
To free Gazans of Hamas, use whatever it takes.
  • #45
  • Mar 13, 2020 5:01am Mar 13, 2020 5:01am
Quoting Adelhard
you got a nice point , actually its a very much complicated question to answer , i clearly want to say after having a loss if you come again in Forex , its your Hope to come back again with profit not addictions.
Of course the trader returns with more than just HOPE for profit; he comes with a BELIEF that he will succeed. We humans do not often participate in activities that we believe will end in failure.

Even a trader who enters a trade and says, "I hope and pray this goes my way!" has a belief that it will indeed go his way. If he believed the trade would result in a loss, is it likely that he would have entered?

Even for those that buy a lottery ticket, most understand that the probability of winning anything is extremely small, and the probability of losing that money by buying the ticket is extremely high. In this case, the buyer believes that he can indeed win and that the POTENTIAL reward so far outweighs the small potential loss, with the loss such an insignificant part of his wealth, that he readily carries out the action.
To free Gazans of Hamas, use whatever it takes.
  • #46
  • Mar 13, 2020 11:31am Mar 13, 2020 11:31am
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 don't usually do it but now improved a bit) sad part.
  • #47
  • Mar 13, 2020 12:00pm Mar 13, 2020 12:00pm
Quoting Robertstarc
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 don't usually do it but now improved a bit) sad part.
You should not have to worry about cutting a loser; that is why you have a stop loss.
Unless you have a trading plan that says "Under these conditions, add to this losing trade", then you have no reason to be adding to a losing trade. Before you ever enter a trade, you should have a stop loss value that you will never change during the trade. It is the MAXIMUM possible in DOLLARS, translated into pips, that you are willing to give up on this trade without a panic.
To free Gazans of Hamas, use whatever it takes.
  • #48
  • Apr 22, 2020 9:29am Apr 22, 2020 9:29am
in this lockdown, there is anyone who is still doing profit consistently ? if anyone please knock me
  • #49
  • Jun 12, 2020 2:05am Jun 12, 2020 2:05am
Very easy to come in and wipe out your account. Very hard to go through the learning and experience curve with your capital still intact.
  • #50
  • Jun 12, 2020 4:43am Jun 12, 2020 4:43am
That's why it's important to spend at least part of the learning curve on a demo account, I think.
  • #51
  • Sep 3, 2020 10:13am Sep 3, 2020 10:13am
Yes, making a profit is easy in the forex market. But to make profit from this market, you need to have proper knowledge and experience about the market.
  • #52
  • Sep 3, 2020 6:20pm Sep 3, 2020 6:20pm
Profiting in Forex is easy but requires patience. If a trader does not have patience, he will never be able to make a profit from trading. First, you have to collect a lot of information about trading and then you have to trade with discipline and then you can make a profit in trading.
  • #53
  • Sep 17, 2020 1:07am Sep 17, 2020 1:07am
At the very least a couple % a month is reasonable.

Think of it like this, 1% of $5,000.00 is $50.

So getting a consistent $50 a week is a very reasonable thing. I average about $500 a month at least.

I tend to have about a 3 out of 4 success rate. Cut your losing trades fast and let your winning trades run.
Love to talk on Discord: DividendGamer#1324
  • #54
  • Nov 12, 2020 5:52am Nov 12, 2020 5:52am
do people find it hard to make money in a range? or more so in a trending market?
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  • #55
  • Last Post: Nov 16, 2020 12:45am Nov 16, 2020 12:45am
Profits in forex can easily be attributed to each trader as well. Exactly between a trader who has made a profit and a trader who has not been profitable. Thus, there will be ideological opposition to each other.
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