I’m a new forex trainer from long time ago then I stopped for long time also !! .. I read a lot about forex and how to trade in it .. and I want to enter in a demo account to make some tries to work but I have one very important question here … how many of you win in forex and getting money … is there relay a monthly income even if its small amount of money … or you only working in a demo account…. What I mean is it worth to work in Forex or not .. or its butter to be far from it because its only a game of big companies and banks …. Pls help in this matter by your idea.
- #2
- Edited 6:21am Dec 20, 2009 5:32am | Edited 6:21am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
you have called it right- forex game. but it is not only forex. the whole investment area is the biggest casino of all, supported by media, explained by economics and made complaicated by maths to let it seem highly serious. in the end, it's awesome to see how simple markets are and how they work.
of course you can live of it, but it needs experience. there is no get-rich-quick way, only get broke quick. you will and have to lose and evolve from that, anaylzing your errors. the most important thing to survive is money management- if you blow your account all your soldiers are gone. stick to 1% risk/ trade. when the account gets really big, you can begin to only risk 0,25% a trade and make an awesome amount of money.
give yourself at least 3 years of studying and understanding the markets and getting to know how they work. every of the successful traders has made its paths that way. there is no magic in trading any of the 1000 indicator crap systems, but they won't make you feel comfortable and profitable in the long run.
and yes, most of the people have to lose to make this game interesting and pay a few of us extraordinary returns
of course you can live of it, but it needs experience. there is no get-rich-quick way, only get broke quick. you will and have to lose and evolve from that, anaylzing your errors. the most important thing to survive is money management- if you blow your account all your soldiers are gone. stick to 1% risk/ trade. when the account gets really big, you can begin to only risk 0,25% a trade and make an awesome amount of money.
give yourself at least 3 years of studying and understanding the markets and getting to know how they work. every of the successful traders has made its paths that way. there is no magic in trading any of the 1000 indicator crap systems, but they won't make you feel comfortable and profitable in the long run.
and yes, most of the people have to lose to make this game interesting and pay a few of us extraordinary returns
- #3
- Dec 20, 2009 6:10am Dec 20, 2009 6:10am
- Joined Dec 2007 | Status: Informed | 1,641 Posts
you have called it right- forex game. but it is not only forex. the whole investment area is the biggest casino of all, supported by media, explained by economics and made complaicated by maths to let it seems highly serious. in the end, it's awesome to see how simple markets are and how they work.
of course you can live of it, but it needs experience. there is no get-rich-quick way, only get broke quick. you will and have to lose and evolve from that, anaylzing your errors. the most important thing to survive is money management- if you blow your...
Thx Dr.Geppynius for replaying
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[color=black]of course you can live of it, but it needs experience. there is no get-rich-quick way, only get broke quick. you will and have to lose and evolve from that, anaylzing your errors. the most important thing to survive is money management- if you blow your account all your soldiers are gone. stick to 1% risk/ trade. when the account gets really big, you can begin to only risk 0,25% a trade and make an awesome amount of money.[/color] [color=black]give yourself at least 3 years of studying and understanding the markets and getting to know how they work. every of the successful traders has made its paths that way. there is no magic in trading any of the 1000 indicator crap systems, but they won't make you feel comfortable and profitable in the long run.[/color]
Its really game … but every game has its rules.. we can survive if it’s a honest game I .. the only one I just want to know is really we can ern from it and can win of course not in all cases but survive and benefit ..
till now I don’t believe in the Statistic which saying 95 lose in forex and only the remaining are winner .. are you guys with me!! 
- #5
- Last Post: Dec 21, 2009 12:30am Dec 21, 2009 12:30am
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
till now I don’t believe in the Statistic which saying 95 lose in forex and only the remaining are winner .. are you guys with me!!