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Who makes real money from forex?

  • #61
  • Dec 28, 2015 7:46pm Dec 28, 2015 7:46pm
Quoting JensG
{quote} Frankly speaking: We're all damaged goods in the end.

How we have been trained and conditioned in the past does not pertain to being successful in trading. You bring to trading your hidden beliefs and if your hidden beliefs are such that block you from making money, no amount of training and experience is going to work. Most of us didn't have parents who said "take risks today darling".
  • #62
  • Dec 28, 2015 9:28pm Dec 28, 2015 9:28pm
Quoting magnumfreak
{quote} It's all speculation regardless of time frame.
yes speculation, and lets mastering the art of speculation
we don't predict, we only ride
  • #63
  • Dec 28, 2015 9:41pm Dec 28, 2015 9:41pm
Quoting magnumfreak
I don't believe it is any more difficult than any other endeavor you take on. In my opinion, most will fail because they treat this like a hobby and not a business. Keep an eye on the forums here at FF. During the week, interactive trading and trading discussion are the most active forums. On the weekends it is Trading Systems. Why is that? Because many have fallen into the trap I fell into years ago in searching for the best and newest systems in hopes of finding a better edge. This was especially true when I had a losing week. For me at least...
That's right, you must jump in
  • #64
  • Dec 29, 2015 4:30am Dec 29, 2015 4:30am
Quoting llonigro
{quote} How we have been trained and conditioned in the past does not pertain to being successful in trading. You bring to trading your hidden beliefs and if your hidden beliefs are such that block you from making money, no amount of training and experience is going to work. Most of us didn't have parents who said "take risks today darling".
Fabulous....
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -391
  • #65
  • Dec 29, 2015 4:40am Dec 29, 2015 4:40am
I think your wife do better trade because of women physiology..
It is very difficult to accept for a men that he is wrong. But it is good enough to accept as soon as possible.
Dear u can make mony in consist basis because u have a boss who accountable your trading.
Happy trading...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -391
  • #66
  • Dec 29, 2015 5:03am Dec 29, 2015 5:03am
Quoting JensG
{quote} I'm a short term trader but the thing is: pick what fits your ability (mental and technical wise). The reason for me being short term (in that order): 1. I'm very good at it 2. It fits my personality (I like, well actually I require, a fast ack or nack from the market) 3. More chances every day so no worries about missed opportunities and a smoother equity growths Especially 2. and 3. are also helpful in keeping up my discipline AND they also reveal some of my mental weaknesses due to burning my fingers quite a few times in related situations...
I also feel inclined to M1, for similar reason as you said. But can you share your main approach? Indicators, spport and resistances..In M1 there are so much false signals...
  • #67
  • Dec 29, 2015 5:35am Dec 29, 2015 5:35am
Quoting pipartisan
{quote}can you share your main approach? Indicators, spport and resistances..
No indicators, just a naked ordinary candlestick chart. I trade mean reversals and outbreaks of (tight) ranges mostly. If the range is a bit wider I like to trade the ups and downs in that range as much as possible.

Quoting pipartisan
{quote}In M1 there are so much false signals...
I'm a bad teacher and I have no interest in getting better (in teaching) so I don't know if it can be taught, sorry. Some people told me they either can't see entries or exits in what I do so I guess it's simply not for every one. You could use a slightly higher timeframe or use a moving average or heiken ashi or ... there is actually quite a lot available for that "noise problem".
  • #68
  • Dec 30, 2015 10:59am Dec 30, 2015 10:59am
no one can teach how to be a trader. the best teacher is ourself.
happy new year
we don't predict, we only ride
  • #69
  • Dec 30, 2015 12:23pm Dec 30, 2015 12:23pm
Trading is the most easiest and most difficult way of make mony.....:-D
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -391
  • #70
  • Jan 1, 2016 5:11pm Jan 1, 2016 5:11pm
In my view the person who use his brain is the winner most often, but one who is not using his brain will always fall short of the target.
  • #71
  • Jan 2, 2016 1:38am Jan 2, 2016 1:38am
Quoting wowzers
{quote} If you honestly believe that why are you trading?
The drama ...
  • #72
  • Jan 2, 2016 1:40am Jan 2, 2016 1:40am
Quoting cuchuflito
{quote} You are 100 % wrong...
Ok, so where are the customer's yachts ?
  • #73
  • Jan 2, 2016 7:54am Jan 2, 2016 7:54am
Quoting Mingary
{quote} Ok, so where are the customer's yachts ?
The customers often don't have the same yachts because the broker is paid by transaction. The customer has to have skill, or at least discipline. I have found, if this forum is any indicator, that the average customer has next to no discipline. The broker is definitely going to separate them from their money.
If you are good at something, never do it for free--Joker
  • #74
  • Jan 2, 2016 3:01pm Jan 2, 2016 3:01pm
Quoting M-z
but chances are you are going to be in loss in the long term as most of the traders, who typically believe they will be the exemption. Having known the industry inside out i would strongly recommend to look for some alternatives in your search secondary income... I hope this helps
  • #75
  • Jan 2, 2016 3:10pm Jan 2, 2016 3:10pm
Quoting pipartisan
This tread was born from a discusion with my wife... she says every minute spent on forex trading is a minute lost, as nobody could never really earn anything from trading. Just temporary profit, but nothing sure in medium-long period.
Your wife is super wise and absolutely right. Few can earn money and remain profitable in forex. In a long run. And a long run is 5 years of Live trading. Recorded. Trust women's guts. They know it all. Mother Nature made it so...
Maadik Hugiis. IQ 69.
  • #76
  • Jan 3, 2016 2:46pm Jan 3, 2016 2:46pm
Quoting pipartisan
This tread was born from a discusion with my wife... she says every minute spent on forex trading is a minute lost, as nobody could never really earn anything from trading. Just temporary profit, but nothing sure in medium-long period. So..is there anyone available to share his trading experience, by this pojnt of view? Quantify real money invested and real profit..say per month? Could anyone say tjat, beetween profit and loss, at the end of a period you have real earning, as you work at office? That's a kind of poll and not know if this is correct...
Trading is a business just like like other business where you buy and sell...

For profit, being this the best platform to earn higher returns than any other business, i would like to know if you have spent atleast 10,000 hrs in just analysing your way..? HIGH RISK == HIGH RETURN..... RISK here means, money or time.... what have you spent..?

I am not encouraging or discouraging the trading... just want you to see with real eyes...

IT IS NOT TIMEPASS BUSINESS.... Plz dont take the judgements of the people who are not into business but just watch from outside...

I m sorry if I hurt anyone.
  • #77
  • Jan 3, 2016 3:51pm Jan 3, 2016 3:51pm
Quoting Mingary
{quote} your wife is 100% correctNo one makes money long term in the forex
You are 95% right...but 5% wrong...
Thatīs what stats say...not me.
  • #78
  • Jan 4, 2016 7:14am Jan 4, 2016 7:14am
Real money from Forex are made by traders, yes, but not in the way many thinks. The traders that make the biggest money from the market are the people that have a few millions in their pocket to invest. They, then, don't need to risk more and use big leverages just to earn something. They are good in trading because they can afford to lose, they are cold-headed when they lose money and it doesn't determine theirs future trades. This way, they take maybe not stupendous (in terms of percentages) returns, but when you earn 5% from 10 millions...guess what.
  • #79
  • Jan 4, 2016 3:23pm Jan 4, 2016 3:23pm
Quoting Kristo
I earn my living from FX. It took me a few years to become consistently profitable and then a few more to build my $ investment to the point where it would supoort me and my family. I lost some cash at the start, mostly due to impatience. Those days are long gone. I dont have losing days or losing weeks or even losing months, because I do not place that sort of performance pressure on myself - I assess my profitability on a quarterly basis. Developing patience and looking toward a longer term trade horizon were two major factors that assisted me...
Great blog, I completely agree with your philosophy. Can you kindly tell what brokers to you use ?

Thanks in advance
  • #80
  • Jan 4, 2016 7:07pm Jan 4, 2016 7:07pm
The Topic owner somewhat asked the wrong question. At the end of the day, everything regarding trading is pure Math.

The real question should be: How likely can you make Money from forex trading from a pure mathematical standpoint?

Let's take some analogies here:

- If you walk into a casino and play some games, use slot machines etc. you are at a mathematical disadvantage. Casino owners know that, that's why they welcome you for playing. If you would be at a mathematical advantage, they would not offer you the possibility to play.

- Same thing with Forex. You are per default at a mathematical disadvantage. If you would be at an Advantage, they would not give you the posibility to open an account to trade. The are not doing you a favour, they want your Money and that you provide liquidity.
Forex is a losers game.
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