Trading forex profitable is impossible!

Great video, I enjoyed it a lot. Thanks for sharing
And sorry for my english.

On the long run, risk management is probably the only key to retaining profit or minimizing loss.

You got that right. Risk and money management can make profitable many systems that people throw away because they're looking for the 0.1lot + 10pip SL + 20pip TP.
My two basic systems enter the market with variable sizes, and add or substract.

Anyway, I know that making analysis and figure out appropriate points of entry and exit is something more than just rolling dice...

and of course developing skill is very important. One have to trade market with realistic return expectations.

yes, continue to develop good trading skills is necessary because forex is high risk and forex is not as easy as we think, therefore we need to learn a lot and practice trading so well that we will be able to be successful in forex

it is definitely possible if you have the right tools and skills..

trading with very profitable for traders as possible if we are willing to learn and practice many trading well. to become a profitable trader is not an easy thing therefore, we invest the time to learn and practice many trading well so it can benefit us

This kind of post makes me remember the people in stock market saying things like "You cant beat the market. The market is efficcient/random, so you can do nothing to try to beat it", trying to justify their own loses and lack of skill in trading/investing. Still, we have people that is beating the market everyday.

Trading forex profitable is very possible otherwise there were not such huge amount of people involved in that kind of business. It is easy to see how many forums and other internet recourses are devided to this theme and how much people they connect from the whole world so it may seem that someone who thinks this way is just not a profi or didn’t have enough experience to trade profitable. So many people can not be fooled

profitable indeed !

once you realise that you are running a 1 man business and not buy lottery tickets out of boredum

for anything else .. check this one out:
somehow i'm sure alot of peoples wil regornice themeselfs there at some point

its really worth watching it !

Making money from trading is a skill.. Good video below

Trading profitable is possible. However, it is impossible to generate massive profit in short time.

You need to do your homework first, once you understand the market behavior, trading become easy

It is very much possible, but getting to the point where it becomes possible requires a long time and very hard work.

I can't believe the rubbish in hear that no retail traders can make consistent money in forex.
What a load of complete narrow minded crap.

I'm new here and trade only for 2 months but have some wins already. Many people say that it's practically impossible to earn on Forex but what about those who get millions here?
I think that forumers above are right too, it can take some time to learn. I've already lost my money too, but still I knew what strategy is bad for me, so I used an other one (of course, after some practice on my demo account) and have already got some little profits (around $15) Hope I'll get more with more experience. You know, these 15 bucks is a good sum for me, though traders should think logically without strong emotions, why not to get happy with a little win

If at first you don't succeed, try, try again (and again, and again, and again, and again, and again, and again, and again, and again, and again, and again, ...)

I think that profit and loss are a part of the trading business but we need to follow the market rules and trade with extra care in order to avoid losses, otherwise i have seen many traders looses their money and loose more while chasing that lost money.

I'm trading since a few years now. I do around 5 to 10 trades a day or even more if the market is volatile. I started on the "under 5m" chart and am on the 1m since quite a while now. Losing days are rare - I'm very profitable. I guess it must be luck, money is attracted by me. It could also be my cozy bespoke wallet, money wants to live in that place. From a banknotes point of view that makes perfect sense!

Ok, seriously: Pure luck over that sample size? We're talking about thousands of trades here. No! I may be lucky that my attitude is suitable for trading while others have to fight more against themselves than I have to. That is very much possible. I wouldn't survive on the longer time frame, I'm not made for that. I need a fast response from the market. The problem I faced and that possibly many other people on the lower timeframes are still facing is waiting. Waiting for your suspect to make a move that, for example, initiates the reversal of the previous significant movement. Once you developed an eye for those things you need patience. Patience, the opposite of "I need money fast! I rarely see my kids because of the night shifts". The market is a tough beast, it doesn't fight you, it lets you fight yourself. If you require the comforts of a job, get a job and stop that whining on forums. If a job would kill you, start trading.

When I see threads like this one I just laugh. Simply because I remember just how easily discouraged and frustrated I became at trading the Forex market almost 13years ago. Fortunately, I was and still am a very determined person not to beat by anything and didn't give up. Anyways, if you say and truly believe that trading Forex profitably is impossible... then guess what my friend... you are truly 100% correct simply because you believe it... spoke it into existence and that's exactly what you expect to happen and when it does happen, you say, "See, I told you." I know this cuz that's exactly what I used to say as well... lol

However, on the other hand, we all know or will learn that about 95% of Forex traders are unsuccessful. And that's simply because they're guessing, wishing, praying and hoping that their trades make them money instead of actually developing or following some sort of proven profitable trading plan. That's the approach of just about every Forex newbie trader and If that's the approach you've been taking then you might as well take your dollar or two with your dreams and play your local lottery... or better yet... take the money you put in your Forex account to Las Vegas or Atlantic CIty or something like that and try your luck there... 'Cause you are gambling my friend... not strategizing.

One thing I've learned a long, long, long time ago in this market is that a continuously successful trader needs to strategize... not gamble. Anything else is just plain gambling. In other words, you want to become part of that 5% of traders that are successful... basically, you want to be a 5 percenter (5%'er)... So, how do you do that you ask? Well, for starters:

- Learn what news announcement have a high impact and moves this market.
- Study and recognize market patterns and behaviors.
- Create and implement a money management system. Utilize 1%-3% account loss factor
- Place 100 trade in a demo account, to get a feel for the market.
- Count your number of wins against your number of losses... with a 1.5 to 1 (1.5:1) ratio goal to possibly a 4 to 1 ratio (4:1). In other words, the 1.5:1 ratio means that for every 1 dollar that you risk your goal should be to earn 1.5 dollars and the 4:1 ratio means that for every 1 dollar that you risk, your goal should be to earn 4 dollars.

If you understand, implement and do all of this I assure you, you will be start and continue to be successfully profitable. Trust me, I should know. After 13yrs of trading Forex, I must be doing something right. Don't believe me? Well, take a look at a screenshot attachment of one of my 24hr trade performances. It started out at $4790 but ended at around $6300 in less than 24hrs... So, say hello to POSSIBILITY!!! Mr. "Trading forex profitable is impossible!".

https://lh6.googleusercontent.com/7_...tivZOgg5nPosWI