Are you making money

Am i the only one thathas been consistently losing my income trading forex or rather betting forex?

Yes you are.
I'm making money.

Many are losing, some are making.

Without a solid strategy that produces results and is proven first in a demo account, you are not trading; you might as well be betting, and yes you will lose money.

I have said lot of time in my many post's that One must have to check His forex status on demo before coming on real... Newbie thinks it's an easy game and consistantly lose money just because of excitment of making money in a shortcut way... Make a demo account then consider it as ur real... Enter and exit according to ur strategy, M.M Rules, Profit taking target's , SL and other related things on demo considering as real... You'll know that you can survive or not... Remember Real account is not for testing new stratigies or trading with bogus stratigies ... You can test your stratigies and skill's on demo... First make yourself habitual for getting consistant pip's on demo by chosing any single successful strategy than come's on real ...Hope you will not then lose money...

What he said!

Some people don't believe in demo accounts. I say if you can't make a consistent profit on demo, why risk real money? Only when you can make consistent profit for, say, a month, should you then consider risking your hard earned cash.

Demo = Real
I dont see any differents?!?
If you dont understand how the markets works, please dont trade.

Geeze,, some people are brutal,, to start,, do you use any type of technical analysis system? Do you know about basic economic announcements (fundamentals) and what they should or should not do to the markets? Just asking so i can get a better feel for where your at. Lots of people when they start get excited when they see the money rolling around out there coupled with the big FCM promotions and endless promises of riches. They then approach this whole thing with a throw a trade in and see mentality. That may work for one or two trades, after all the market can only go up or down right!!!!

Give me an idea of what your doing and how long youve been looking at the markets and how much time your devoting to planning your trade setups. Mabey i can help then.

The only thing i can tell you for sure is there is a learning period that every single trader, retail, professional or otherwise goes through. Sometimes its expensive and usually painful but its part of the process to get from point A to point B. You will find in time that it never was your system that caused you to loose, it was your psychological state of mind at the time.

I hate getting into conversations like this... but here goes :.

I disagree, and agree with the above. In that order.
Demo does not equal Real.
Whether you like to believe it, or even know it's happening, there is a psychological difference however subtle it is for you.
It's like flying in a flight simulator. No matter how well you do it, and try to do it. And whether you are consciously thinking about it, or not, you always know you're never gonna crash and burn, and potentially die.

With the second statement however, I have to agree. There is nothing like being/getting educated in a new field.

I still papertrade and demo as much as possible, and trade my real account pretty much the same way as I demo. The point is, the methods, strategies and techniques have been learned and practiced, and that knowledge is now being applied in a disciplined way.
I take the same live and demo trades. The demo serves an additional purpose of being able to refine techniques with slight adjustments without impacting your current profitability.

Also, for me, I use MT4 charts, demo account with IBFX, as they are more pleasing to the eye when trying to explain something to someone. Not to mention all the cool tools for charts...Demo's Rule ! :
But I trade with a different broker. Where all I'm really concerned about is order entry, not perty pictures.

As for making money? Well, some days are better than others, same as any other business or income.
There is no denying that there is money to be made. I'll leave you with a snap of my demo to back that up. I took this earlier this evening and some positions are already in more profit, and additional sells been triggered.

All the open G/U sells, were a mixture of buys, targets and stops earlier in the day, when I was bullish on sterling.
Now call me crazy with all them shorts, but hey, that's what demo's for isn't it?
G/J has been played short at various levels since yesterday's 213.22 rejection.

Now that will probably be the first and the last time I post anything like that again . I did it because these threads are getting a bit tired and always end up turning into a completely different debate altogether...

No offense odewole, I feel for your situation, but would you be here if you believed there wasn't money to be made in the forex?

On the basis I'm a Demo trading GOD and I just make virtual $$$'s, like there going out of virtual fashion, but with real money last 50trades has a average loss of $1.45 per trade, I'm going to have to say there not the same.

No fear or emotion or greed attached to a demo account, well not for me.

BUT trade a Demo until you can profit, no point wasting real cash until then, then move over to $1 a point ( $0.10 if you can ) and as your account grows 1 day increase your lots as it can sustain and hey presto your a millionaire

BUT you need, some kinda system / plan behind your trading, but what works for someone likely won't work for you, so best you work your own plan out sorry!!

Thanks to you all i'd employ some of your suggestions.

psychological unsure at real trading = gambling