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Is it possible to earn money from trade?

  • #41
  • Dec 15, 2018 1:52pm Dec 15, 2018 1:52pm
To add further insight on to this thread, if you were to look at the normal distribution profile of hedge funds/IBs revenues, they follow a normal distribution pattern that is skewed to the right

The one attached is that of Goldman Sachs (heavily skewed to the right), so in a nutshell, you want your PnL to reflect this revenue profile which can be achieved by sticking to the saying of 'letting your winners run and cutting your losses'
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To Pipccess and Beyond
  • #42
  • Dec 15, 2018 2:24pm Dec 15, 2018 2:24pm
Quoting loopd
{quote} I believe it is possible, however, why cannot the instituitions reach that number? I have read article why retail traders have chances beating instituitions, but right now 30% return is already good in hedge fund, that mean beating instituition 8 time in return. of course I am not elite trader, it is just seems like irrational to believe that.
A % Return is different from the actuall amount of return. (Hence a 30% return annually with about 0% Risk is a insane amount of money as provided by the graph of the other poster above me its in the Millions Daily.

Why take any risk to get 100% return when 30% is all one needs + it is risk free. Only a greedy fool would do other wise
Past glory means nothing on the battlefield
  • #43
  • Dec 16, 2018 1:35am Dec 16, 2018 1:35am
Quoting loopd
{quote} I believe it is possible, however, why cannot the instituitions reach that number? I have read article why retail traders have chances beating instituitions, but right now 30% return is already good in hedge fund, that mean beating instituition 8 time in return. of course I am not elite trader, it is just seems like irrational to believe that.
I think, consistent daily chain is quite channeling; monthly gain is relatively easy!
  • #44
  • Dec 16, 2018 4:17am Dec 16, 2018 4:17am
Quoting mlawson71
{quote} True. Unless you get scammed by your broker, which unfortunately also happens.
Yes, it’s really unfortunate! So, traders need to check the regulation status before investing their real money.
  • #45
  • Dec 17, 2018 10:05am Dec 17, 2018 10:05am
Quoting ZikriIrfan
{quote} Yes, it’s really unfortunate! So, traders need to check the regulation status before investing their real money.
I agree. Also check what is the overall user response to that broker. What is their reputation, are there any complaints, have they been addressed by the regulator, etc.
  • #46
  • Jan 18, 2019 9:45pm Jan 18, 2019 9:45pm
Quoting BeyondD
To Dispell any doubters in the world regarding if it possible to earn money from forex, this is my monthly statment for October. From 1 Oct till 31. {image}
I think question about can you withdraw this money?
  • #47
  • Jan 20, 2019 7:13am Jan 20, 2019 7:13am
Quoting jijij
{quote} I think question about can you withdraw this money?
After making money there is problem on withdrawal if we are trading with a regulated & transparent Forex broker; but with a market maker it’s not possible I mean consistent big withdrawal.
  • #48
  • Jan 25, 2019 6:10am Jan 25, 2019 6:10am
Well, there are many examples of people really earning from trading. Perhaps, you just need to get deeper to elaborate your strategy or simply take some lessons from a professional trader. Good luck!
  • #49
  • Mar 6, 2019 11:45pm Mar 6, 2019 11:45pm
some inevitable part of trading we the traders generally have to make sure to bring profit , from all choosing a right broker is more important , because the broker can affects the result of our trading with certainly. so when it is time to choose a broker be cool.
  • #50
  • Mar 10, 2019 7:28am Mar 10, 2019 7:28am
Broker selection is crucial and is becoming harder these days better having some research before finalizing the right broker.
  • #51
  • Mar 11, 2019 5:29pm Mar 11, 2019 5:29pm
Quoting chineser
i lose a lot money.now i am in doubt. it's impossible to predict ,so why do you think it's possible to earn money from trade?
Yes it is possible, lots of people are successful and make money, in the end it all come down to the individual and how much time and effort you are prepared to put in to learning.
  • #52
  • Mar 26, 2019 6:38am Mar 26, 2019 6:38am
Quoting jollypk
Broker selection is crucial and is becoming harder these days better having some research before finalizing the right broker.
Yes; it is! In this case, I see popular Forex forums plays important role since active traders share their experience as well as opinion.
  • #53
  • Mar 26, 2019 10:53am Mar 26, 2019 10:53am
It is possible to earn money from trade but is it possible to earn a living?
  • #54
  • Mar 30, 2019 5:17am Mar 30, 2019 5:17am
Quoting LanaBanana
Well, there are many examples of people really earning from trading. Perhaps, you just need to get deeper to elaborate your strategy or simply take some lessons from a professional trader. Good luck!
Basically; a number of traders try to earn money with their primary level trading skill; but for being a successful trader; advance trading knowledge is essential here! It’s quite impossible to earn regular income here with an ordinary trading skill.
  • #55
  • May 15, 2019 5:20am May 15, 2019 5:20am
as a new Forex trader its a common problem , majority try to bring profit within very short time with no analysis , to bring profit with consistently is a big challenge but for that need long term experience with great patience.
  • #56
  • Jul 29, 2020 2:33pm Jul 29, 2020 2:33pm
Yes, If you have enough knowledge about the market, you can make profit from this market. You can also minimize the risks of your trading.
  • #57
  • Aug 2, 2020 3:02pm Aug 2, 2020 3:02pm
Yes, it is possible to earn money from trade if you have proper knowledge and experience about Forex and trading. You have to use a proper strategy to earn money from trading.
  • #58
  • Aug 3, 2020 3:27am Aug 3, 2020 3:27am
Managing risks has helped me, I have not invested much this year as I am having issues getting my money out from my broker.

Attached are only 23 trades since January, I invested small amounts with okay returns with a lot of patience.

It's not impossible to make money, I'm not a pro, my knowledge is basic. I have learnt more about myself than the market itself -
patience and knowing yourself better helps.
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  • #59
  • Aug 4, 2020 6:19am Aug 4, 2020 6:19am
Yes, it is possible to make money from this market, if you have a good and profitable plan. A good strategy can make you rich.
  • #60
  • Aug 4, 2020 10:05am Aug 4, 2020 10:05am
According to a report by the Australian financial regulator ASIC, 63% of forex traders do lose money. That is a pretty significant percentage, but still not nearly as bad as the stereotype that 95% or 99% of traders lose money. In other words, the majority of traders do not profit, but it is, indeed, possible to do so.
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