Can you really make money from trading? | Page 5 | Forex Factory

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Can you really make money from trading?

  • #81
  • Apr 25, 2020 1:39pm Apr 25, 2020 1:39pm
emotions is a things that never stopped at all , no one can do this but it can be controlled if we regular practice with real trading discipline.
  • #82
  • May 24, 2020 7:32pm May 24, 2020 7:32pm
Yes, we can make money with Forex and it needs a lot of hard work and education. Do more practice with a demo account first and then the day will come and you are making a good profit.
  • #83
  • May 25, 2020 3:39am May 25, 2020 3:39am
Quoting Awasim
Yes, we can make money with Forex and it needs a lot of hard work and education. Do more practice with a demo account first and then the day will come and you are making a good profit.
That's right! Hard work, education and practice, perfect ingredients for a successful trader.
  • #84
  • May 27, 2020 6:33am May 27, 2020 6:33am
And sometimes even then traders don't end up successful, unfortunately.
  • #85
  • May 27, 2020 7:49am May 27, 2020 7:49am
If you are:
Broker
IB
Shit seller (ea, indicators, etc.)
And few others, then yes, you can make profits on fx
  • #86
  • May 27, 2020 7:01pm May 27, 2020 7:01pm
Learning makes you perfect and you can be a successful trader if you have knowledge and skills.
  • #87
  • May 28, 2020 2:47am May 28, 2020 2:47am
Quoting Awasim
Learning makes you perfect and you can be a successful trader if you have knowledge and skills.
True! learning is quite important. However I do not understand why beginners are always in a rush and they mostly skip this part.
  • #88
  • May 28, 2020 4:11am May 28, 2020 4:11am
Yes we can actually make money from trading but the question arises whether you are actually ready and willing to do hard work for that.
  • #89
  • May 28, 2020 6:45am May 28, 2020 6:45am
yes you can
  • #90
  • May 29, 2020 10:16am May 29, 2020 10:16am
What confuses me is why do people put so many indicators on charts? What is the actual indicator telling them? Do they even know? Or do they think they know & it's giving them an edge? I see some charts with about 10 indicators on, I need to take 2 tablets after just looking at them, gosh.
  • #91
  • May 30, 2020 7:24am May 30, 2020 7:24am
yes you can. Just like you can lose money trading. I personally lose more than i make but I am still trading because I don't need to make more I just need to be consistent. Then I can upload my signal via myfxbook or mql.

The problem is consistency. What are you doing everyday without fail or give in to fomo. Most of my losses are due to fomo. Imagine the spread is the reason why the market didn't take your limit order. Now x10. That's what happen to me. I gave in and pay the price for the spread and late entry.

Also don't use the lower TF to make your entry. Make your entry base on higher TF and lower the TF to get a better RR. Imagine you let the market pick your order immediately after it reverses.
You're going to pay a price for every bloody thing you do and don't do
  • #92
  • May 30, 2020 8:18am May 30, 2020 8:18am
Quoting newbietofx
I personally lose more than i make but I am still trading because I don't need to make more I just need to be consistent. Then I can upload my signal via myfxbook or mql.
You... what?
Congratulations ScalaFX for coming out of the closet!
  • #93
  • May 30, 2020 10:48am May 30, 2020 10:48am
Quoting Tim01
{quote} True! learning is quite important. However I do not understand why beginners are always in a rush and they mostly skip this part.
Because not everyone has an equal amount of patience. That's why most people don't take up a profession which requires years and years of hard work before you can start earning. For example, being a doctor. Also, I’ve noticed that many who aren’t ready to work hard to prepare themselves FOR a profession don’t mind working hard IN the profession. I suppose being paid now is more encouraging than the prospect of being paid more in the future. Delayed gratification is not for everyone.
  • #94
  • Jun 6, 2020 8:14am Jun 6, 2020 8:14am
I think so. But is this good for the new traders???
  • #95
  • Last Post: Nov 30, 2020 7:12am Nov 30, 2020 7:12am
Quoting Tim01
{quote} True! learning is quite important. However I do not understand why beginners are always in a rush and they mostly skip this part.
'Cause they want money! This is one of the biggest mistakes. Everyone wants money and no one thinks about how hard is the way to them. When they are at the beginning they think that there is nothing so complicated everyone is making money, I'll do the same. I don't have a lot of experience in trading but the only thing that I've understood till now is that I have to learn everything and only after that, try to make money. You know it is easier when you have the opportunity to be taught. I have a friend who found this https://www.creditdonkey.com/best-ba...-business.html site. She is having a small business of handmade accessories. So there she read everything about which bank to choose in order to get the correct support for her business. I find it very cool. Does anyone want to prepare a tutorial on trading?
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